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Feels like the divi was at the lower end of expectations in terms of dividend cover of 3… their ambition is between 2 and 3… They talked about a progressive dividend policy …so would expect more this year… and on by he bright side they said at end of April trading has been in line with expectations with a record Mother’s Day and those expectations are for higher profit this year … if we have a good summer maybe we will get one at half year… fingers crossed
Day 2 and the lesser spotted Stach still hasn’t surfaced.
Thanks for clarifying.
Yes, it was clearly declared as the full year dividend for FY24. Other statements allow for the expectation similar or great to what you suggest. Pending trading results and other cash usage...
Do we know if this dividend constitutes a Full Years worth in one go, meaning next year could be say circa 5p ( 1.5 interim, 3.5 final) ?
Did they clarify anywhere what can be expected moving forward?
If you open a stocks and shares ISA ( I use interactive investor they are good) and buy and sell the shares from within that
then there is no tax liable on any gains even when you take the money back out of the ISA
Yes the free tax allowance on share divi's was £1k but from this April it's only £500, so if you can it's better to make the money on your CG tax allowance of £3,000 first. Or double that for joint accounts.
There are tax implications as well if you have a significant holding.
Its pretty much how it works for ALL companies.. Nothing to hide and no surprises in the share price movement on ex divi day.
You're better off thinking "If i buy today will it rise more than the value of the divi price on the run up to divi day?" If you think it will rise, say for example 5p, then buy today and sell before ex divi day. You have then banked 5p instead of the 4.5p divi. Nothing to say it will rise before but quite often does with companies, but the timescale is often longer than a month.
Also tbh I believe most of us here will either be long term holders with paper loss ( and highly thankful that a divi has been restored and the prospect of the share price staying higher and rising over the next couple years and seeing our paper loss becoming a gain ), or a minority of lucky ones who bought in at the 40s.
So if you are solely looking to buy shares short term for the divi there are much better companies in terms of yield. But for longer term hold its a cracking proposition..
Ok so bass on today 103.5 current if it stayed like this we could expect below 1.00 on post dividend … that would be crazy for such a performing business…
That’s not how it works. When a company goes exdivi, the money for the dividend comes off the value of the company, so the share price will drop by exactly that much. That’s not to say that the share price will open exactly that much down as the premarket might push the share price up, or down. In recent years it seems more likely that the share price will erode as the day goes on, often for several more days. It’s very unlikely you will be net positive if you buy the day before and sell immediately on open. If it was that easy everyone would do it. You’re more likely to get a positive result by buying several days/weeks before it goes exdivi and then selling out the evening before, once it has (hopefully) had a run up to exdivi day
On ex divi day the opening price will be lower by more than the divi so it will be to late to get out with an immediate profit but usually the sp will rise back up over time . so patience is required.
When I say usually I mean almost all shares except card factory where there is so much manipulation no one know what will happen. for example the sp was 119 earlier this year before these brilliant results but is now lower on good news.
Ok so the share price drops as I’m guessing people get out once they have qualified for the dividend … so I guess it a case of getting out quickly as possible ..?
If u buy the day before xdiv and sell the day after xdiv, u will get the divi yes. But realise that the share price will be lower after xdiv than before, all else being equal, by about the amount of the divi anyway, as people price that into the value of the share.
Hi all ..: sorry for the amateur question … me and a friend are just talking about the dividend… am I right in thinking you can buy shares in the 29th may, will then be considered as a shareholder who qualifies for the dividend of the full 4.5p and then sell on June the 1st (and still get the divi at the end of June) …?
Stach-eo, Stach-eo, where for art thou, Stach-eo?
Hi Bhaveen,
The MM’s will have too much stock on their books.
When this moves the Supply-Demand scenario will begin and CARD will move.
It could move aggressively as it’s very Cheap in relation to Broker-Analysts forecasts.
New store some good commercial detail re the rent and term suspect a break clause in too
I don’t know why they need to use an agent
https://www.insidermedia.com/news/south-west/retail-unit-let-to-card-factory
There is definitely a confidence internally the model is working
Ok I’m probably being a bit thick here when buys outnumber sells by that ratio how come we still end up in red for the day?
Buys today outnumber sells 4-1
Consensus Buy OUTPERFORM
Number of Analysts 4
2 Buy 2 Hold
Last Close Price 1.03 GBP
Average target price 1.492 GBP +44.90%
High Price Target 1.90 GBP +87%
.
This will fly over the next 24 months.
All you need is Patience or you could become a Patient !
Best Wishes
Absolute joke. Great results, decent dividend and it’s going down. Perhaps now you see me, now you don’t Stach was right with his mms conspiracy theory.
Beggars belief this is how the UK market treats decent profitable companies.
Try to relax mate
Another 250k gone in the till
Some solid write ups on the weekend to including in the FT
Thanks Wiscos, much appreciated.
Still lots of small sellers… honestly what do investors want? Cracking business … consistently improving performance and now a decent return to shareholders…as well as solid plans to grow that lenders clearly believe in… the mind boggles