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beechhurst: Would you be able to share your opinion.
CHRI55, I'm not worried at all. Next year should be good imo.
· As a result, the Group currently expects to deliver FY'21 adjusted EBITDA of between £84m to £86m
· We expect depreciation to be higher than FY'20 as we accelerate the pace of our strategic change.
Depreciation costs last year were £58.6m I think, so they'll be more this year plus£10m exceptional charge for restructuring. Ther will be some interest charge too. last year it was £17.1m.
Best we can expect this year is breakeven, according to my calculations.
Final results might not be that good.
"We expect depreciation to be higher than FY'20 "
"Exceptional costs, driven by restructuring costs, are expected to be c.£10m"
Joshua Alliance has spent over £13 millions buying shares in this company in the last 3 months. Obviously he thinks the price will rise.
He paid 65p for 7,848,800 and 64.65p 3,365,000.
Sorry for typo.
Whenthe directors spend big amount on buying shares as they did here recently, share price rises in most cases considerably within six months months.
One of the greatest investors of all time, Peter Lynch, was noted as saying that "insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
BlackRock reduced their short on another funding opening a short position so it's still not a great situation
It will head north if they continue closing shorts.And that is probably their intention.This is still at a fraction of recent years.Rerate has much further to go .
Thankfully I got in a bit sooner/lower than that. But I am enjoying what is going on.
GLA
GS
@Chri55 - Thanks.
The best estimate for a results date I can find is 5th May. Can anyone advance on that?
Thanks
GS
Should see the date confirmed soon then, will we see the dividend return? Was last year's dividend deffered or cancelled?
And it's worth pointing out that the dividend before the pandemic was 7.5p, IIRC, split over two payments within a year.
I think chris means something like
If the share price was 200p, in a couple of years and they paid a dividend of 7p that would be a divi yield of 3.5% but would represent a return of 12% on your original imvestment of 57p per share.
My apologies, I don’t really understand your calculations....would you mind explaining?
Really? A dividend of 24p in two years? That would imply a net profit of 100 million plus , all paid out as dividends. Hard to see....
Its still cheap
Amazing that it’s holding up so well when you look at what happened to other lockdown/online favourites yesterday
Shorts are still trying to stop it going up, every rise gets stamped on.
In answer to your question, BWNG has traditionally updated the stock market at the end of April or first week in May. e.g. the previous final results have been RNS'd on 20th April 2016, 27th April 2017, 26th April 2018, 2nd May 2019. In 2020 they put the results back due to Covid. Normally it's the end of April (ish). Good luck, Brighty
Exactly and as you say 100p not that far away now plus don't forget that at the start of January 2020 this was over 140p. I have over 150p as my 2021 target for BWNG and expect 200p+ within 12-18 months. Good luck, Brighty
@beech - Thank you
GS