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Caddy - only worry when you have to sell. P/E of 6 definitely puts this on the cheap spectrum. Your decision on whether to sell or hold has to be based on your beliefs as to what its worth for what you are getting not on what the market is irrationally valuing the company at. I believe the current share price is very cheap - dividends well covered so a real bonus... heavily profit generative and 63 pence below NAV... investors are just not valuing this for what it is. I'm long term so have no problem accepting temporary weakness..
Caddy - definitely Brexit. Legal and General has had terrible few weeks and their latest results were excellent. Brexit is the cause for a lot of shares... look at FTSE100 performance - atrocious!
Think it was only just over a week ago that someone thought they had a bargain at 405p, when it went to 380p someone else described it as 'cheap as chips'. It is now at 358.5p and it makes me wonder just how long it will be beofre another member of the bod resigns with a multi million pound package for all of his contribution to the 'success of the company'. Hope nobody comments that this is just about Brexit. The performance here is awful.
P/E ratio = 6 vs. 16 for FTSE 100 average.... Too too cheap for far too long!
It’s like being a a kid in a sweet shop today. Can’t believe this fake recession crap.
Falling knives can bounce. I believe a lot of patience will be needed though.
My risk capital is now fully employed for now. Nothing to do but watch and wait.
MrFlibble - its cheap in reality - not just on paper.... People are far too down on it. It grew EPS last year by 9%. Very few growth stocks out there anywhere...
nuri123a, take it easy £91k looks crazy. It remains cheap on paper but this not a growth stock for a while.
£91k in this now... will invest more...
Bought a small amount of £1.3k - will buy more if they go cheaper... too cheap!!!!!!!!!!!!!!!!!!
Buying more - too cheap to pass over!
RBC Capital Markets rated Top pick.
shat
''The sp is only going in one direction ! 2.25% drop today and divi drop tomorrow''
It went XD today accounting for 9.5p
P/E ratio = 6. I'm no Warren Buffett - but when he saw P/E ratios slipping below 9 - he bought bought bought.... I'm now seriously considering using the last of my dry powder on a swathe of stocks across the market... just too cheap - but no one is listening - because they can't see the potential....
I am not an expert on this one but appears cost-cutting and job reductions are integral to the plan. This is never really a good sign but possibly one that is needed for the company, in a multi-year cycle before they start putting money back to invest where it is needed in order to generate growth. Therefore the dividend looks very attractive to both investors and the company looking for a reset (ie.e dividend cut) in order to grow. Another high debted company ahead in this cycle are The AA, I am seeing similarities.
I think if you deduct the dividend from yesterday's closing price, the share price is in a positive territory IMO?
It’s going from bad to worse... share buy back was a complete mess and very costly. Leadership issues ! The sp is only going in one direction ! 2.25% drop today and divi drop tomorrow.. £4 looked like a good top up, so did £3.80, so is £3.50 going to be a good top up tomorrow?