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Coupled with a rather tortuous nine years before !
Everyone is coming up with plausible reasons but sadly all we can do is sit tight and wait and see.
A rather tortuous few days ahead.
The sale of Education is a possibility. Were Schroder to support Sports Direct in their campaign to sell Findel Education, would the board have to comply given that these two shareholders jointly hold 57.96 per cent of shares in our company ?
Unless theres a leak of some good news before the 16th of dec,i can see this doing a full circle back to 1.61 again.grrrrr.
Could this delay have anything to do with the general election ?
Well it could always be that they're hoping to conclude a big negotiation in the next week or two (sale of Education, landmark deal with SPD?) and want to be able to announce it with the results. But I think I would assume it's more likely that the reason is that results aren't going to be great (higher PPI hit perhaps?) and they're hoping something turns up, such as a good Black Friday, to allow them to present a balancing positive element.
By way of balance, it may simply be to accommodate and provide a narrative on the impact of Black Friday as they did last year.
If it were more sinister, then I believe the SP would have fallen a lot further.
Oh no ! Clearly being led by the example set by our largest shareholder. What possible reason can there be to delay publishing the half year results ?
I've just seen the "notice of results" rns whereby interims have apparently been postponed from "late November" to 16th December, without any explanation. On the face of it that doesn't seem encouraging.
https://otp.tools.investis.com/clients/uk/findel_plc/rns/regulatory-story.aspx?cid=1424&newsid=1345899
its all depends how much we are gonna get banjoed on the late ppi claims,hopefully at the lower estimate,then our profits arnt eaten into that much,meanwhile over at boohoo there shareprice is reaching records highs,and we are stuck with the jumble sale that is sports direct who i cant wait to see the back of,and who are about as welcome here as a bull in a china shop.
If that is correct Skindle, I really hope we have some positive news to move us away from the current SP otherwise I suspect SPD will be keen to have another go at us.
Half year results to be released on Monday 25th November according to my broker.
Historically our share price has dropped in the days and weeks before the half year results recovering post results to between ten and twenty per cent above the level at the beginning of November. If the share price movement is true to form this year then I can see this dropping to 170 pence before rising back up to 210-215 pence post results. I still retain the opinion that the key to unlocking this stalemate is the sale of Findel Education.