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Has the share buy back been completed yet ? Surely with 5m to be removed from the market we should see a price jump to around the 1.50 ?
Any point buying into these now? From experience I would expect this to fall further with a huge spread so possibly not.
Sorry...
She's about to tick upwards again:) Guys... She will re-bound! GLA
Possibly being held but some large buys are starting to get it moving. I am undecided what the share price will drop by after the transaction. There was a write up a while back stating the company was worth about 160 a share without the disney money, but that was before the share buy back deal. Not long to wait now!
That the share price is being held for the transaction to go through, those in can see the value those out want to buy in after the drop? If the share price rose would the Israelis say no to the deal?
What are peoples views?
by the MMs for big money bid now 219.5 there i only good news on the horizon IMHO stucki dont miss out nice money to be earnt here 223 on the ask
What do we think? A sale of part of the company? Buying another company? Lets hope its good news!
What are people's thoughts on this moving as we approach the disney divi payout date?
Yes and No. The underlying trading figures aren't too bad, considering. Regarding the Disney money - it's very dissapointing that they're only returning the equivalent of £1.10 per share, when the company that they've hired to write briefing notes for them has consistently suggested £1.40-£1.50 a share (and that was based on $60m, not $8,000,000 more!). The structuring of the payout (B and C shares) may well be the most sensible and best way to effect the distribution - I don't have any problem with that per se. What I DO take issue with is the delay in getting on with it and actually distributing the £££ to the long-holding and long-suffering shareholders. "We will tell you more in Autumn" is far too vague and far too long. The company has been expecting this payout for YEARS, and have been certain of receiving the windfall since January. It shouldn't take months more to get their ducks in a row to send out the necessary circular/paperwork to ratify and execute "The Scheme" - this should have all been prepared over the past fews months - we are, after all, in a supposedly quiet "odd" year! This remains a solid and good long term investment, but I've sold out this morning as unfortunately I can see this falling further in the next few months, prior to pick up once "The Scheme" is announced in "the Autumn". My money can work better for me elsewhere in the meantime.... GLA
What a pile of S**t!
Now that would be nice!!!
Exactly! I've put a sell order in at £3.40.... wishful thinking perhaps, but we'll see!
Thanks. Those were about the same kind of figures that I had in mind. Just need to decide at what level to bail if the share price jumps before the dividend payout.
Hard to be sure -of course a lot depends on how much the Board plan on distributing, and the mechanics by which they do so. But my guess is a special dividend of about £1.20-£1.50 per share. In terms of SP fall back .... perhaps around £1.50? I'm working on the net overall effect being at least another 70p to £1 more in terms of real value from current SP. All IMHO DYOR etc
At last! I was expecting something today after yesterdays fall in price followed buy LARGE buys. What level do you expect the share price to return to after the dividend is paid?
RNS out - the windfall money is in - oh and by the way we've got another $6,000,000 more than we were expecting! Bit of a downer that underlying trading hasn't been as strong as hoped this year so far, but given that the extra $6m is roughly equivalent to the total OPERATING profit of the company for last year (a record year, and an "even" year) then the overall news is nothing other than brilliant! I expect that the company will now announce the details of the windfall divided in its next RNS due on 13 June - and expect the dividend to be paid very soon thereafter.
Some chunky buys coming through this morning - over £100k worth bought! Can't be long now methinks.....
http://gecr.co.uk/file_download/262/ 267 target price incorporating a 40% risk discount so looks more like 300!
There has got to be one Imminently!? They must have the money now and just working out what there is left to divi up after tax etc. What I cant understand is people selling up? This is going to be worth nearly £3.00 shortly????
This appears to be being walked up on low volume. Just a hunch but I think in anticipation of a dividend update RNS...there must be one soon!
Think people are starting to hear about the Dividend. 21.5k buy
Think you maybe right! The spread has been wide for weeks, like you say they will want some shares. RNS Imminent!?
The bid has ticked up to 212p this morning, and the spread has closed right up. I wonder if this is MMs trying to eke out some sells to get some shares prior to an imminent RNS and the inevitable demand that's likely to follow? Might just be wishful thinking, but we must be getting an update at the very least in the very near future! IMHO/GLA/DYOR/etcetcetc!