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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.
Going up even more is it time to take profit and buy again later,? This is question for who wants to be millionaire? Million $ question but answers welcomed
Doing very well. Just shows how markets can miss leading. On the day of results announced SP went down and after shacking SP has gone up more than before the results announced.
Inbound by the looks of things.
Absolute gift dropping this on results day given the content.
B&M confirms location of first Wilko store takeover ahead of 51 new openings - is your area getting one? https://www.thesun.co.uk/money/24915804/bandm-confirms-location-first-wilko-store-takeover?utm_source=native_share&utm_medium=sharebar_native&utm_campaign=sharebaramp
Looking at the Range Wilko brand shop looks like wilko used to be.
The Range is a fairly different business IMO. The food, drink, confectionary and bodycare "range" is much less varied and not as competitive when compared to B&M. Even with their Iceland partnership. The Wilko acquisition just solidifies their role as a budget home decor shop imo.
Normally, if I was looking for cheap homeware, decor, rugs or DIY stuff then The Range would be my first pick. But for biscuits, booze and bodywash I'm going to B&M.