Adrian Hargrave, CEO of SEEEN, explains how the Company is now funded through to profitability. Watch the video here.
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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) …?
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.
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 ..?
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.
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
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…
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..
There are tax implications as well if you have a significant holding.
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.
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
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?
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...
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
@Bhaveen, we have revenue and profit rising, new stores opening, partnerships delivering good results, an improved online offering (which previously was a CARD weak area), so imho it is pretty nailed on that we will get the interim dividend reinstated also.
My thoughts are that the interim would be reinstated at a level of around 2-3p which would still be well within the board target of 2-3 times div cover, which would at current SP give a yield of circa 6% to 7% which will get the attention of income funds.
I really can't see the SP staying at this level much longer and I expect a slow but steady rise up to ex-div date.
Completely onboard with all of that… so gulf harbour and anyone else any insight as to why this hasn’t moved and not even close to the highs we had last year? And please don’t say MMs… I see that comment on many other boards and I’m not fully bought into it… do we think card aren’t doing enough with investor relations? I don’t think it’s because we are value retail as using B&M they have a P/e of 15… can’t be because it’s cards as Moonpig has a good P/e… can’t be performance because we have that… can’t be lack of growth as we have that … can’t be debt issues as we don’t have in fact it’s the lowest it’s ever been… can’t be lack of divi as we have a healthy one now… I could go on and on…
I suppose if we have a big seller, that doesn’t help. At some point though if we stay here or lower for too much longer, that stake is going to look attractive to someone.
Bhaveen: You have previously shared that you have an average of 60 here, and that you do not plan to sell any until the full year 2025 results are released.
So why are you worrying about the SP right now?! Will swap you my ones in the low 100's for yours if you want, lol :)
While nothing in life is certain, at the time of print, this is in a good place IMO, for all the reasons earlier cited.
IMO it is likely to be a large seller and we know who it probably is.
Not advice of course, but unless we get something company-specific to change my opinion, I am fairly relaxed at this level. Ready to take a final tranche if we get a market wide sell off or correction, but otherwise going to sit back and wait for the dividend and hopefully get another update that encourages me to turn this into a longer term hold, rather than the trade I currently view it as.
Anyway, good weekend all.
True… I should take a chill pill I think… just frustrated that’s all
Have a good weekend also