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Refer you to Dark Arts thread. I agree with that 100%
None whatsoever. It’s like now you see me, now you don’t Stach and his constant droning on about mms holding the price back. WTF! There are no Chrystal balls here, you just do your own research and takes yer chances. It does seem odd though, great results, decent divi and down we go. Thought they were crazy to open a short on this, do they know something we don’t? I came on here when card direct were being discussed and there is one in my town, gave an honest opinion about how the cards were as good as cards offerings and were a lot cheaper, got called a deramper, who obviously owns their shares, they haven’t floated lol! It seems there are too many shouting this from the roof tops, why? They sell cards that they have put the price up a lot recently, they sell sweets and other bits, that you can find in homebargains and B&M for example. It’s discussed that the city doesn’t like the fact that they aren’t big on the internet, like moonpig, though they are addressing this, but the high street is their bread and butter. I was thinking about holding on now the divi has been reinstated, but think I will sell if we get back up to the £1.16 mark, that would be a tidy profit and taking all things into consideration, don’t want to push my luck with this one, just need one statement from them that’s not positive and we know where this is heading.
Of course this is wace and Co
Ask yourself does wace want to pay a 75k divi
Why pop up only 2 basis points on the results day what a small token disclosure to become visible
Since last Tuesday 7 poor trading days
Telios is a complete red herring they ain’t sold a bean since Feb
Just stop wetting the bed and hold for your dividend
See what Happened at Mobico when they posted full year results and the subsequent 2 weeks after
Always the weak retail punters get pulled
I don’t understand how you can say with such authority that there are “players” seeking to manipulate sellers into selling? Is there evidence for this? (Genuine question).
Blimey, there are some very odd views in this trail. Yes, there are some players trying to get the weak to sell cheap. Yes, the UK market is crap. But whenever I've fallen for these tricks and sold I've regretted it. At this price someone or multiple will either invest, increase as already decent holding, or look to acquire the business. If you sell now you are the mug! With 4.5p coming soon and probably another 2p this year and perhaps 5p in just over 12 months I'm going to take the dividends and top up where I can. At some point this share will fly (unless everyone falls for the tricks and panic sells!). Fortitude!
The only thing that makes sense and is probably happening, is there are dark arts at work within the city and the mms.
The EPS is marginally lower than 2019, operating profit is higher, net profit a bit lower , possibly interest on debt, but there again the debt is half what it was.
Meanwhile SP is half .
And to think budget companies like this should be thriving in a cost of living crisis.
Maybe all these midcaps, other examples Mony, pets, card, etc will start gaining after the May inflation print expected to be circa 2%, and after the first rate cut.
So tempted to bank my 10% profit but don't need to do so will sit on my hands.
I regret to say I entirely agree with you
Same at IAG today.
Would a US or even other European market treat a profitable dividend paying company like this?
That's why the UK is finished imo
Down again - and below where it was pre results. Wouldn’t be surprised to see mid 90s over the next few weeks. We may think that this is cheap but the market clearly doesn’t. Could be in the 80s after the 4.5 pence drop when it goes ex-dividend. And remember this is how the market reacts to good news- imagine if they announced lacklustre sales / profits…..
True… I should take a chill pill I think… just frustrated that’s all
Have a good weekend also
Bhaveen: You have previously shared that you have an average of 60 here, and that you do not plan to sell any until the full year 2025 results are released.
So why are you worrying about the SP right now?! Will swap you my ones in the low 100's for yours if you want, lol :)
While nothing in life is certain, at the time of print, this is in a good place IMO, for all the reasons earlier cited.
IMO it is likely to be a large seller and we know who it probably is.
Not advice of course, but unless we get something company-specific to change my opinion, I am fairly relaxed at this level. Ready to take a final tranche if we get a market wide sell off or correction, but otherwise going to sit back and wait for the dividend and hopefully get another update that encourages me to turn this into a longer term hold, rather than the trade I currently view it as.
Anyway, good weekend all.
I suppose if we have a big seller, that doesn’t help. At some point though if we stay here or lower for too much longer, that stake is going to look attractive to someone.
Completely onboard with all of that… so gulf harbour and anyone else any insight as to why this hasn’t moved and not even close to the highs we had last year? And please don’t say MMs… I see that comment on many other boards and I’m not fully bought into it… do we think card aren’t doing enough with investor relations? I don’t think it’s because we are value retail as using B&M they have a P/e of 15… can’t be because it’s cards as Moonpig has a good P/e… can’t be performance because we have that… can’t be lack of growth as we have that … can’t be debt issues as we don’t have in fact it’s the lowest it’s ever been… can’t be lack of divi as we have a healthy one now… I could go on and on…
@Bhaveen, we have revenue and profit rising, new stores opening, partnerships delivering good results, an improved online offering (which previously was a CARD weak area), so imho it is pretty nailed on that we will get the interim dividend reinstated also.
My thoughts are that the interim would be reinstated at a level of around 2-3p which would still be well within the board target of 2-3 times div cover, which would at current SP give a yield of circa 6% to 7% which will get the attention of income funds.
I really can't see the SP staying at this level much longer and I expect a slow but steady rise up to ex-div date.
Pump and dump???
Feels like the divi was at the lower end of expectations in terms of dividend cover of 3… their ambition is between 2 and 3… They talked about a progressive dividend policy …so would expect more this year… and on by he bright side they said at end of April trading has been in line with expectations with a record Mother’s Day and those expectations are for higher profit this year … if we have a good summer maybe we will get one at half year… fingers crossed
Day 2 and the lesser spotted Stach still hasn’t surfaced.
Thanks for clarifying.
Yes, it was clearly declared as the full year dividend for FY24. Other statements allow for the expectation similar or great to what you suggest. Pending trading results and other cash usage...
Do we know if this dividend constitutes a Full Years worth in one go, meaning next year could be say circa 5p ( 1.5 interim, 3.5 final) ?
Did they clarify anywhere what can be expected moving forward?
If you open a stocks and shares ISA ( I use interactive investor they are good) and buy and sell the shares from within that
then there is no tax liable on any gains even when you take the money back out of the ISA
Yes the free tax allowance on share divi's was £1k but from this April it's only £500, so if you can it's better to make the money on your CG tax allowance of £3,000 first. Or double that for joint accounts.
There are tax implications as well if you have a significant holding.
Its pretty much how it works for ALL companies.. Nothing to hide and no surprises in the share price movement on ex divi day.
You're better off thinking "If i buy today will it rise more than the value of the divi price on the run up to divi day?" If you think it will rise, say for example 5p, then buy today and sell before ex divi day. You have then banked 5p instead of the 4.5p divi. Nothing to say it will rise before but quite often does with companies, but the timescale is often longer than a month.
Also tbh I believe most of us here will either be long term holders with paper loss ( and highly thankful that a divi has been restored and the prospect of the share price staying higher and rising over the next couple years and seeing our paper loss becoming a gain ), or a minority of lucky ones who bought in at the 40s.
So if you are solely looking to buy shares short term for the divi there are much better companies in terms of yield. But for longer term hold its a cracking proposition..
Ok so bass on today 103.5 current if it stayed like this we could expect below 1.00 on post dividend … that would be crazy for such a performing business…