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Roy, 670 for you, soon.
I can see 700.
B& M have been a great share; they remain a fantastic company with massive trading opportunities.
GLA
PartyOn It will need miracle to push SP to 700.
Miracle do happen but doubt it for this shares. If that was going to happen major share holder would have not sold they have inside information.
January 9th update. Were near 620, rapid plummet to 540.
I can see 700.
Bought back what I have sold yesterday at 556.8, and got extra 32 shares, lol.
Hope that it has bottomed out and will rebound from here.
GLA and have nice weekend.
Just reinvested the equivalent today, in advance. And a little bit more.
4.335p after Luxembourg tax taken off, unfortunately.
An interim dividend6 of 5.1p per Ordinary Share will be paid on 15 December 2023 (H1 FY23: 5.0p)
Will probably take the opportunity to reinvest mines when it filters into my account.
Took my small profit. Now, I am waiting for it to fall back again, lol.
GLA
Hopefully sets the tone for some risk on and a nice Santa rally. UK will hold also and tbh we just play copycat with the US. Well at least that's how its looked since pre-Covid.
https://www.cnbc.com/2023/12/13/fed-interest-rate-decision-december-2023.html
Yep, plenty bought.
Comfortable with it. Plenty picked up cheap shares. On the bog at 08:00 thought took a while for the auction to sort itself. . 618p, end of next week. 10% rule.
Switching shares between Institutional shareholders doesn't6 affect or impact the day to day business and they were willingly picked up en masse at only a 3% discount.
The 3rd November update imho is the reason for that.
It was heading down anyway, this news accelerated it. All high gains here are followed by a big dump, always - look at the last 12 months.
January 9th will be a stonker. £7 soon.
Couldn't resist. Bought a few @558.5. Let's see if this will bounce back up to £6 then. GLA
Not worried at all, long term thesis 2030 holds for me. Just add stores every year, grow buying volume to claim best pricing from suppliers and execute retail best in class (lot of peer group players can not at the level they do ). We will never know the real reason why they sold, could be they need the money to reinvest in other opportunities, pay taxes whatever. When you keep a business like this for the long term you will see drops even worse then this. Currently fairly valued so will not add and collect my dividends.
Shares were sold at £5.825. Sorry for people that would have bought at that price as they are lower in the market. Who would have bought them?
They wouldn't have sold if it was going to perform well. They know something we small shareholders don't.
Nick1234 - Yes,they would have known. This large shareholders would have communicated with BoD. Might be they are going to pay special dividend but profits down,so future dividend might not be going up as much.
That is a big sell. Does that reduce the chances of a special divi? You would have thought SSA would know if one was forthcoming and not sold up.
Below 540 for a while first thing.
All will be fine, plus likelihood of special dividend announcement on 9th Jan, circa 20p/share. Was a good rinse, probably another before the 9th.
Not seen that much stock in bigger volume trades so its possibly a broker or two that have fed it through
Sets us back a bit back but it doesn't change the prospects.
Will probably add when the dust settles.
B&M European Value slumps as SSA Investments sells 40m shares.
Looks like they have been manipulating SP befor selling.
Is there a January update scheduled with BME and could we see the magical 650p with a nice santa rally between now and then. Most retailers do give Festive updates.