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The buy backs should add at least 10p a week depending on the quantity/volume they ingather. Now over 50p to buy a half decent size.
All the right ingredients for a multi bagger here. Cash at bank in hand higher than market cap. £25m Buyback. US business about to be sold allowing for further buy backs. UK business booming. Its an easy hold while the brokers buy in the shares at higher levels each day. £1.75 is my target by end May
Reminds me of yu.l beaten down to 50p
Easy money. Targeting 1.30 to let some go.
Corrected version, apologies:
What we are witnessing is the start of a rerate, market has to wake up at some time and we can see why management have instigated a £25m buyback programme as shares will be snapped up as quickly as possible leaving little free float. Can't ignore that the current mkt cap barely reflects cash and ignores the underlying business value here, including the rapid growth in Flexipay and the impending sale of US business in pipeline
What we are witnessing is the start of a rerate, market has to wake up at some time and who can see why management have instigated a £30m buyback programme as shares will be snapped up as quickly as possible leaving little free float. Can't ignore that mkt cap barely reflects cash and ignores the business value here, including the rapid growth in Flexipay and sale of US business in pipeline
Indeed. Shares were trading at 70p in Feb 2023 during what was a far more uncertain economic environment, without any flexipay growth, without the genuine prospect of profitability post US exit & without a £25m buyback. It's just far too cheap down here.
Buy, hold, bag up
We are pleased to announce a new lending partnership with Barclays and TPG Angelo Gordon that will provide £300m of funding to #SmallBusinessUK
LisaJJakes “We will utilise the new funding to support small businesses to grow, create jobs and power the UK economy.”
The buy back now offers a floor for the share price with daily rising steps . £25m to be deployed buying back and they’ve pulled the trigger. Under the radar this stock.
Multi bagger written all over this share.
Great to see the RNS states the shares will be cancelled. I have seen buy backs where they put into treasury then wheel them back out again. These are being cancelled which is superb. £100,000 purchased today and £24.9m still to go.
This is gonna fly
Wooosh
Brilliant late RNS - 237k shares bought back today, make sure you scroll down for the itemized buys. What's notable is that they were bidding shares up this morning paying 47.75p and then taking the bids off the order book this afternoon at 46.6p, as well as the 50k buy at 47.5p. Makes sense if you want to buy as many as possible at current levels.
Those look like buy backs
Another big delayed but just printed from 11.01am. Relentless buying
Volume now too - 50p close today hopefully. Bring on the buyback followed by the US disposal
Bigger buyers stepping in
Some buys hitting the offer now
This should be £1.50 and some
SP moving up.
3 months max for a bagger
I think these closing auctions are beginning to tell the real story. Either our danish institutional holder is building his stake higher having just gone through 13% last week or FCH broker is buying back . If it’s both then even better
Closing auction again interesting, 100k buy order at 45p went unfilled (as if someone is testing the waters after the 450k at 42p on Friday) and then a 50k buy order came in at 45.5 right at the end. Neither were filled, not a seller in sight.
Very strong trading into close, quoted 47.78p for size, there appears to be limited stock available & why should there be at these distressed levels with a buyback initiated?!
Do not rule out out a (US derived) topco bid with projected H2 UK profitable
Big finish into the close