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It looks like it is about to get very messy over at SPD. I can only hope we don’t get caught up in it all by association.
It is feasible SPD could become a distressed seller of their shareholding in FDL as they look to shore up cash flow. Personally, I would welcome any dilution in their presence despite the likely potential for some negative impact on the SP. Elsewhere, I am looking forward to the next update from our Board which is due shortly.
for our biggest shareholder,could they be the next JJB
https://www.independent.co.uk/news/business/news/sports-direct-share-price-mike-ashley-annual-results-house-of-fraser-a9004866.html
Special resolution number thirteen at the forthcoming AGM resolves to change the name of the company to Studio Retail Group PLC. Following the meeting, I wonder whether the board will decide to undertake a strategic review of the future of Findel Education.
£3 looks very achievable and in the near term.
In an ideal world we should all just keep hold,but every investor has a different agenda,£3 has been a sticking point in recent years,be nice to have another bite of the cherry really soon.
Can’t understand why people are selling stock when this has been flying in the last few weeks and will continue to do so I am holding out for £4+ also
Im holding out for £4,our company looks in pretty good shape now.
Ask and our Board will respond!
A balanced view and a new fair value SP in excess of £4.
Thank you Skindle for your faith in my “. Board skills “ but my working days are behind me!
It’s my turn now to focus on what I want & identifying a successful company before the masses arrive gives me as much pleasure as when I had successes in my former life.
My limited knowledge of this company drove me to explore its true potential & in my humble opinion we are only just seeing something of its future potential.
This board of directors are a very savvy group who will drive the business forward to the advantage of us all.
Very pleased to hear that. We are the self appointed reserve board. Ejackson, 1GW_, Columbo, Skindle and EvaRose as the non exec. What would the main board do without our sound and solid advise ? : )
Still very much on board Skindle and added to rather than selling down.
I can’t blame 1GW for top slicing and considered the same having bought meaningfully at £1.72 but after taking a look at the 2 year chart together with all the confidence being shown by those in the know buying shares outside the closed period following an excellent set of FY numbers, I have concluded this isn’t a share to be out of at this moment.
Given we were at £3 under a year ago before we knew what we know now, the market, finally appears to be re-rating us but imo there is still some way to go. The Board are getting on with driving forward an excellent company in the right direction and I was delighted and relieved to see in the results how insignificant the SPD tie up was as this could have become a real problem further down the line.
I have commented before that I felt Education could be sold but I suspect they will want to beef it up further to get a decent price which would be put towards working capital or pay down our debt albeit the latter is firmly under control. In the meantime, as long as it’s being turned around and results are improving, it won’t act as too much of a makeweight to our progress elsewhere at Studio.
In summary, I cannot see anything other than a real sense of positivity and realistic ambition from the Board which critically is being backed up with the numbers. The market finally appears to be showing it’s agreement too but it’s still cheap given what we know and when the bigger picture is taken into account.
Will we see an RNS attaching a research note and valuation from Edison?
Are you still with us or have you sold your Findel shares ? Disappointed not to have read your views on the final results.
Wonder whos buy that is,holdings rns in the pipeline.
Toooo many zero's on me buy order.....still a bargain tho...
1m buy at 2.62,i see youve been rooting down the back of your settee again for some loose change.ha ha
1m buy at 2.62,i see youve been rooting down the back of your settee again for some loose change.ha ha
We done very well here folks...so glad we ditched Barcs and topped up.....
£262
Don’t blame you, profit taking is always the pleasurable part of investing. I am seeing the bigger picture now though. Even at 400 pence the P/E ratio is still less than 15. I really don’t understand the purpose of those small share transactions. Why not one transaction of 600 shares rather than sixty transactions of ten shares each.
Couldn't resist the temptation any longer. Findel had become my 2nd largest holding with the recent spike, so I've sold the ones I bought on 7th March, at just short of a 50% gain. It remains a top 10 holding.
Someone having fun with the algorithms today, or have they got the units wrong and meant to be buying in 100's or 1000's? Perhaps a cunning plan to get us through what looks like a bit of resistance at the 250p-ish level (the "undisturbed share price" ahead of the Toscafund sale)?
Buyers are out in force today fella.
2.54
It looks like the Capital Markets event has stimulated further interest. Well done EvaRose, you called it correctly.
2.50 now on the ask....nice
According to the circular, the USP was 250p. We've got back in the vicinity impressively quickly, post bid.