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I'ts a Secret !
Can anyone offer a rational explanation as to why this share price fluctuates so much on such small volumes ?
I think this is one of the good unknown shares...I've traded it all year and done well.
well one of us must tell them then. I have held and added since the days of Thus!! gobbled up the dividends and seen the fluctuations. It has been a good share to me and you I hope.
I don't think punters know about this interesting money making share!
Also - why the lack of comments / / interest on this BB or in this share??
Why the big spread
someone seems to like what they have heard at the market day discussions. The results of the discussion will be on the web site at some point.
Yes, there was an article that referred to the increase in net debt as 'staggering' but needs to be taken in context. From their RNS: "Net debt and cash flow Net debt at 30 September 2017 is £67.8 million (30 September 2016: £45.7 million), representing a net debt to EBITDA ratio of 1.0x. The increase in net debt compared to the year end position arises as a result of continued investment in our fibre deployment along with a working capital outflow. As in the prior year, much of the working capital movement relates to timing which we expect to unwind in the second half of the year. Underlying working capital continues to be well controlled. Days Sales’ Outstanding (35) is an improvement on the 30 September 2016 position (39) and our Days’ Purchases Outstanding remains consistent with the 30 September 2016 position."
From last results:- revenue increased by 1% however, due to the continuing costs of updating East Yorkshire to light stream which should be all done by 2019 the debt has increased to:- Net debt 3 2017 is 67.8 million 2016 was 45.7 million increase in debt = 48.4%
The short answer is no, but I think based on volumes that sellers have predominantly been PIs who have sold due to concerns and jitters. On 28 November Finncapp reiterated it's recommendation on the stock albeit with a slightly lower target price of £1.20 and Peel Hunt reiterated its buy recommendation with a target price of £1.50 and on 29th November Barclays Capital reiterated its equal weight stance with a slightly lower target price of £1.00. And on 4th Dec, less than a week later, Peel Hunt again reiterated its buy recommendation and target of £1.50. And as we know Telios have increased their take to 6% and earlier this year PrimeStone Capital increased their stake to 7%, so these stakes were taken in the full knowledge of what KCOM is doing in terms of restructuring, which gives me some hope and confidence.I also think some other bulletin boards have had negative messages posted to which there was no positive counter arguments, which unnerved some people, me included, but for reasons to do with admin changes I could not have sold or reduced my holding even if I hade wanted to, but not sure I would have anyway. Hindsight is great.
Does anyone have an explanation why this has drifted down some 20% in a short space of time with the only news being that an II has recently taken up a significant holding ?
"Teleios Capital Partners LLC has taken a 6.01% stake in London-listed KCOM Group PLC as of Monday" Encouraging news, copy and paste link to London Stock Exchange site for article from Alliance News: http://www.londonstockexchange.com/exchange/news/alliance-news/detail/1512568536065096800.html
I agree and I continue to hold, but some better than expected news would have been good, which can still come of course, and I am encouraged that size can be traded without major price moves...Today's trades appear to show sells of over 7 million versus buys of just 50,000 or so yet the price is up!
I think the figures recently published only confirm what we already knew that the restructuring of the business model would result in a deterioration of the balance sheet in the short term. So no problems for me.
Hmm, yes, not great to watch, but there's been some chunky buys today at least, which is helping to underpin at this level.
Been some hefty sells. Hope its just profit taking and not somebody with some insider knowledge prior to interim results end of this month. I suspect you are right about the dividend holding sp at around this level. Also heard about Ofcom ruling that telcos will have to pay �8 a day compensation if their service is down. That wouldn't have helped.
any ideas why anyone or is it just profit taking after a good run. The dividend should hold the SP at this level?
I agree, safe haven, decent divi etc, the only other thought that crossed my mind was people switching from BT given slump in their share price, but as you point out volumes are low... if someone tried to buy size in this gem the price would rise quickly as has been seen from the relatively small but consistent buys that have pushed it up to the current level. Long may it continue.
None whatsoever, enjoying the rise though. Think this is a fairly safe haven with a decent div yield. Low volumes so probably not leaky news.
Market is getting overheated? Does anyone have an explanation?
we got the £1 , now lets see £1.20 (could be a while )
£1-20 be nicer
Hope we get to see the £1 plus again soon
Getting a bit high , SP be going dizzy