Avesco Group Share Price (AVS)

Yes and No. The underlying trading figures aren't too bad, considering. Regarding the Disney money - it's very dissapointing that they're only returning the equivalent of £1.10 per share, when the company that they've hired to write briefing notes for them has consistently suggested £1.40-£1.50 a share (and that was based on $60m, not $8,000,000 more!). The structuring of the payout (B and C shares) may well be the most sensible and best way to effect the distribution - I don't have any problem with that per se. What I DO take issue with is the delay in getting on with it and actually distributing the £££ to the long-holding and long-suffering shareholders. "We will tell you more in Autumn" is far too vague and far too long. The company has been expecting this payout for YEARS, and have been certain of receiving the windfall since January. It shouldn't take months more to get their ducks in a row to send out the necessary circular/paperwork to ratify and execute "The Scheme" - this should have all been prepared over the past fews months - we are, after all, in a supposedly quiet "odd" year! This remains a solid and good long term investment, but I've sold out this morning as unfortunately I can see this falling further in the next few months, prior to pick up once "The Scheme" is announced in "the Autumn". My money can work better for me elsewhere in the meantime.... GLA

What a pile of S**t!

Now that would be nice!!!

Exactly! I've put a sell order in at £3.40.... wishful thinking perhaps, but we'll see!

Thanks. Those were about the same kind of figures that I had in mind. Just need to decide at what level to bail if the share price jumps before the dividend payout.

Hard to be sure -of course a lot depends on how much the Board plan on distributing, and the mechanics by which they do so. But my guess is a special dividend of about £1.20-£1.50 per share. In terms of SP fall back .... perhaps around £1.50? I'm working on the net overall effect being at least another 70p to £1 more in terms of real value from current SP. All IMHO DYOR etc