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The main reason is the chairman has decided to leave at the end of his term next year to clear way for activists to take over or force sale. May be they had advanced notification about his departure and buying more shares.
It will be interesting few weeks to watch from the side line
Wonder who is behind those 50m and 20m prints yesterday?
This plus mega trades. Something is up.
As reported by sky : https://news.sky.com/story/wagamama-owners-chairman-to-step-down-after-activist-campaign-12957012?dicbo=v2-9Gzuy8u
:-)
Yeah I noticed the 20 mill and 50 Mill share transactions, something is going on
Over 10% of the company changed hands today
I think I know the seller
Let’s hope the buyer is Oasis Management it will send their shareholding to near 30% with hopefully a full bid to follow
I tend to agree about sentiment, but I am struggling to find a better place for my investment , where the value is not yet priced in. This could realistically gain 100% in relativity short period when the sector valuation multiples change. It could take 10 years to get 100% elsewhere.
Although risks still remain - Consumer spending, world events, politics.
I will hold.
Yes but market doesn’t agree. Market determines the price. Maybe gravenhurst is right - until wider sentiment shifts - this won’t shift
Shore Capital leisure analyst Gregg Johnson commented: ‘The first-half results demonstrated continued trading momentum, enhanced disclosure, and significant progress against the group's medium-term targets, which could see EBITDA build towards £130m or earnings per share of 7p.
‘We do not believe this is being reflected in the current valuation of 6 times EBITDA and see fair value closer to 70p/share, or 120p/share on delivery of the medium-term targets.’
I am a buyer below 40 all sold this morning
I was told a long time ago “buy on the rumour, sell on the news”
The share price is about right until write downs are finished and the market is more optimistic about growth
Pretty high volume … I guess some exiting having hoped for better performance. I thought it was good but not knock out
Again low volumes so we can assume it's few days to analyze, digest and ask questions _ then we'll know!
May be a good time to top up
Wonder how the activist investors will respond.
Less ‘exceptionals’ would be helpful
Sorry, *ditch Leisure
Time to ditch those concessions for a full houses of positivity.
Reasonable but not stellar- zero negativity though, which is a good sign.
Maybe distracted elsewhere?
Pretty low volumes considering its results day tomorrow . Comms must be tighter than submarine window!
Tick tick
1 wk to go
298,000 at 41.05 nothing really I am a buyer under 40 now in anticipation of the interims in September
I think there will be a massive cross tonight
Check the volume timed at 16.35
If not just a bit of market manipulation. I did buy a few CFD’s below 41 so I am delighted here.
Volume barely registering and a paltry 100K in sales but marked down heavily on red day trades. I see no reason to sell on general market negative commentary.
Nothing has changed in middle England yet - The frivolous post convid party rolls on
COM now up 11% ,, cash per share 10p and still 7p. I did say. Expansion plans with LEON head guy into airports etc. Hope you looked before 10p plus.
We may not see 200p again due to dilutions but no reason why we cannot see £1 plus in the near future it all depends on on how they perform in coming year and market sentiment regarding wider economic factors. If inflation comes under control, interest rates begin to fall and the economy starts growing again then market sentiment will improve as will SP. Until then a good set of interims may perk up SP in the short term, here is hoping.