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Thought our ex divi share price held up fairly well guys, I was half expecting a major blootering' by the manky' makers today. There's no doubt they'll stick the boot in at some point before this thing settles, if they do the badger's ready I've been down the Nationwide for more ammo. Anything aproaching near 215p's and I've another thirty bob ready to dive in with. Soleman. There must have been a few strokes and heart attacks over on sepu today the supercalafragelisticexpealadocioust's had there heart set on the rns today. Ah well hopefully good news tomorrow. D.
Morning badger! I only just got the ex-divvi price right but better to be roughly right than precisely wrong. I think selling biff was a sound decision, its all about putting reward in favour above risk but i didnt think the balance was right there. Im still holding sepu, generally when T/O talks go on and on it pans out in the end and even if not im very happy to hold on for better times. GENL hasnt performed yet despite all the positivity flying around the oil space but thats my top pick now for 2017. I fail to understand how the market can value such a profitable business so poorly but watch that space. CPI looksinteresting at the moment, chart says 400p should be big support, 300p would be a conviction buy price on valuation. Im just watching for now theres no point chasing falling knifes and runaway brides! I was also surprised how well this performed yesterday, it opened just 2% down and didnt close too much further south, im just hoping it stays stable to year end then upwards into the new year. ATB buddy
I'm really glad the ex divi, due divi day pallaver is behind us it's usually a coin toss whether to sell on pre divi day rise then rebuy on post divi day retrace or just hold for divi. The difference is usually minimal but can be substantial in some cases. Check scs they got murdered ! I've freed up some cash just in case mm's have a go. Apoligies if it appeared I was ******* of sepu pi's in my previous post it wasn't intended. Lot of sentiment on there. For what it's worth doubled up my holding this morning only up to 15k shares now nothing compared to a lot of guys on there but it's enough for me. Biff on the back burner now haven't got a price in my head where I would rebuy enough going on at the moment. Good hunting sir. D.
I agree with what you said about the sepu board its the wild west, lacking meaningful information to say the least. I like the genl board but theres a few destructive posters coming on board recently which is a shame. They will probably just melt away with the next price increase anyways. I find most large ex divvi gaps get closed in fairly short order giving a target price to sell if inclined. Scs really did get slammed but its a fat payment. Im still thinking of picking some up there but not above 150p so it may never happen. At some point within the next few years i can see a very nasty downtrend happening to biff. Hard to predict a bottom valuation too without chart history and negative equity makes just about anything possible. Of course my opinion is just that so dont take it as gospel i wouldnt want to be responsible for you missing out. BOO seems to be weakening, needs to breach 115p though for the flood gates to open but looks like a great short candidate for 2017. Tight lines
I've reservations about the possible buyback and special divi payment agreed at the recent agm. Acquisitions I suppose are always possible but I was disappointed they were not mentioned specifically in the itinerary. My opinion only but I'd rather excess cash and credit available within the business be directed to a positive acquisition policy. Is it so crazy to see us buying scs, it would certainly widen the spectrum. Their fundamentals are sound, debt manageable, cash in bank. A lot of there business is done profitibly through outlets in House of Fraser, that's an avenue we don't have. I'm probably missing something wouldn't surprise me. What do you think Soleman.. D.
I totally agree, i firstly would like to see the debt payed off then money put into growth with scs a great target. The special divident will create gyrations in the stock price but with no real benefit as we lose capital value after the payment. I think the special divvi should be cancelled and the regular one frozen for a few years thats all thats required to get the balance sheet rock solid to go forward and create growth. ATB