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I’m not sure what your point is tbh. But if the business doesn’t now grow with all the increased infrastructure costs, then they can’t blame outside forces that are already apparent to them ie Brexit. If the business does not now deliver the growth, then what’s the point in adding costs to support growth? I get that they stated it was a year of consolidation, but they’ve also increased the running costs to increase performance. Plus, taken on more potential debt. So in short, now they’ve consolidated, it’s time for increased performance. These are their promises and therefore stock holders expectations.
OK so some excuses out the way but the uncertainty is still material.
In or out, 2nd referendum, Lib/Lab/Con leaders, dates etc etc
How are brexit excuses out the way? We haven't left and haven't negotiated a trade arrangement. Brexit is just getting started.
Their future prediction has happened though, and we already know that they won't make a bigger profit this year, so the next few months will be similar to the last few.
Not sure about you Steve, but I’m in this to see a return on my investment. Dividends are ok, but I don’t want to be tied to any one stock, relying on future predictions that don’t happen.
As I stated, if this business doesn’t deliver over the coming months, then this stock will suffer. It’s dropped 50% in 3 years and 30% y-o-y. That’s not growth. This sector is not attractive to a lot of people that’s why it’s cheap, so this business needs to over-perform and exceed expectations to attract investors.
I understand your points, but you can't say they aren't performing, they still made £3 million in 6 months. Even if their profit for the year is £6 million that still makes the current price very cheap.
I also don't see how it can be below expectations when they warned that this year would be one for consolidation. For me if they make £6 million during a year of consolidation, I'll be more than happy with that.
Clearly the price dropped because people bought in who possibly didn't read last years trading update, or were gambling on better results. But to say they were behind expectations is ludicrous, we were told last year that the profit would be down. The drop is a short term reaction of the traders selling.
I would have expected the rise in “brokered on” business to have increased profits, not decreased - It’s instant revenue !
With the very apparent higher costs associated with their management infrastructure and Brexit/Election excuses now out the way, the next few months are critical for this stock. I fear that if they don’t start to perform, the confidence of playing a waiting game will wear thin. Below expectations IMO (and the markets)
Revenues down and both direct and admin costs are higher. I wonder if the trend will continue into the second half
I agree Steve, exactly as signalled and so no great surprise. Positive dividend continues to increase and once restructure is finalised, should be well positioned to grow.
I don't understand why you're annoyed, this is pretty much what everyone expected, for me there are a little bit better than expected after the update last July.
Very annoying. Down goes the sp
it does annoy me though when the announcement starts with a very positive statement but when you look at the main numbers they are worse than the same period last year (generally)........I like the dividend increase as it suggests confidence BUT the new senior management roles mentioned seems to be adding costs
Decent enough results really, nothing out of the ordinary. Kept the progressive dividend, and decent profit if this us the year of consolidation.
If I was having a guess on a day next week then I'd say Wednesday.
We should be getting results next week as well, so fingers crossed they'll be good.
Good find, thanks
Includes brief mention of OPM from 15m36s...
Top AIM stocks to watch in 2020 (published 20/12/19) - HTTPS://youtu.be/-2IT8WuZ_r4
Taken from the other board
Thanks, sounds about right
Mid January is all I've been told. So I would guess the week commencing 13th, but probably could also be the week commencing 20th.
Even just a date for interim results would be nice
Recent director buys, strong Conservative government. Only road block now is leaving the EU. If Johnson gets his transition arrangement through then the recovery here should be strong. Just have to worry about the UK economy and the structure of the trade deal with the EU after that.
Oh ok. Yes I'm expecting a 30% rise in the total dividend. Although I've not been told figures, just that they intend to follow the agreed progressive dividend previously announced.
Typo, meant 30%