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Now that is funny....vending...or venting...lol
A to the point RNS and guidance has moved from the 25th January when it was advised: 'Group believes that full-year PBT3 is now likely to be towards the upper end of current market expectations' to today when we are being told we will be slightly ahead of expectations.
Given this, and echoing your sentiments 1GW, when will the market start behaving rationally and attribute the company an SP that is remotely aligned to fair value?
At the time of writing, to move upwards by a paltry 7p after todays update is shameful.
Nothing bad, just a small increase in core net debt. I am assuming that the “slightly above current market expectations of £27 to £28 million“ does not include the currency gain from the first half of the year.
Reads well. Can it get the shareprice heading back towards the "undisturbed" value?
What im thinking skindle is that the full year results are due early june ish,so do they need to release a post year end statement,if they do,its way over due.all about keeping 1 atep ahead of spd,imho.
I’m not sure that delaying the release of the post year end trading statement is to the benefit of shareholders. The statement must have been prepared weeks ago so I can’t see why the board did not release the information to the market yesterday morning at 7am.
Do bear in mind that the board owe us as shareholders a debt of gratitude for supporting them in their attempt to fend off the Sports Direct takeover. The least they could do is present some positive news to the market to move the share price back up to where they claim it should be.
Many thanks 1GW_
It went through on NEX rather than on the LSE.
I bought a further 3427 shares for 173.83 at 8.15 this morning to complement my existing holding. The trade isn’t showing on either lse or H/L
Why not?!!!
Can anyone explain.
RNS this week.
At least for the moment.
I was disappointed by the lack of movement in the SP following the news of the offer lapsing. I can only interpret this as some sort of notional backing by the market towards SPD as with all the knowledge we have to hand on trading, the current SP of c.£1.70 is woefully short of where we should be. Strange and baffling times.
The board must now do everything in their power to drive this business forward so that when either SPD or another suitor make a formal approach, a fair value will have to be paid rather than an opportunistic bid off the back of a distressed sale from a shareholder.
Yes, I would like to see a TU RNS but I am putting my trust in the board to deliver one when they feel, or are advised, is appropriate. Witness NBrown's shareprice in the past few days responding to a reasonable update as to what could and should happen here.
One further degree of comfort to align my sentiment with the board was to refresh my memory as to how actively they have been buying shares themselves and in doing so at the levels they did, how they believe the SP was not reflecting our future prospects.
I am feeling impatient after the closure of recent events but heartened by the almost total rejection of SPD's mandatory offer.
One final thought, I don't believe we ever had the relationship between us and SPD monetised. I cant help thinking that MA will play dirty and turn this relationship off to drag the SP down with the news as and when it breaks. An act of self harm, yes, but short term pain for long the long term gain of getting his hands on the company and our lucrative list of credit seeking punters at Studio etc Why else would the last RNS say how they are looking forward to working with SPD in the future? It smacks of us getting in a blow on the back of something the board know....
like inviting the burglar that is going to break into your house to dinner !
We look forward to working with sports direct with the benefit of all stakeholders,me personally i wouldnt even let them fill the vending machine.ha ha
And look at the share price rocket........???
Absolutely 100% toscafund are to blame for our share price collapse having sold most of there holding,its as if toscafund and spd have been working in tandem to trash findels sp,the reason i remain positive for the future is that we havent really had any bad news,trading update wise since we were at £3 ish.in my humble opinion.
Free at last...for now.
No doubt in my mind. Toscafund are ultimately responsible for the drop in value of our share price which is currently fifty four per cent down on its high in July 2018. Toscafund sold part of their holding to City and Financial who in turn incompetently ran themselves into administration. Sports Direct, the opportunists they are successfully purchased five million shares at £1.61 resulting in the requirement to make a mandatory offer.
Toscafund were supportive shareholders when they were invested but you must also remember that they, together with Schroder each sold part of their holding in 2015 to Sports Direct to involve them in the first place.
In conclusion, I believe that Toscafund have been a hindrance as much as they have been a help. I hope they don’t buy back in again. The Rottweiler Martin Hughes can keep his ill gotten gains as far as I’m concerned.
Welcome EvaRose, your positive sentiment is appreciated.
At least we are now,moving away from that horrible £1.60 mark....
Now that SPD have backed away ( for now ) I’m confident the board will now release a trading update & in my opinion we will NOT be disappointed.
Not sure what will move the price positively Columbo. I thought the SPD RNS of late on the 30th April might have had a positive effect on the share price yesterday but I was again disappointed. The board have clearly been holding back our year end trading statement because of the mandatory offer so this will be their latest ever release for that particular statement. My view is that there must be some bad news in it for the board to hold information back the release beyond the sixty day deadline. All will be revealed next week I hope.
at your list of trading statement times,they havent in recent times released one in may,can we pull a rabbit out of the hat,if this 1 is belting,should really set us up for the rest of the year.
Our board needs to cut all ties with spd/ma,by that i mean stop selling sports direct tatt through our very successful studio catalogue,do we really need sports direct and can we manage without them,answer is respectively no and yes,got to admit im still chuckling to myself about ashley losing 150 million on dedenhams,question is,how do we get rid of him here,easier said than done.right mr maudsley over to you to get the good results flowing in and to shift this stubborn sp has far north as you can.
That’s a relief. Now might be a good moment to buy as it would appear that the SPD grip is being released. Strange time to release this RNS, 17.19 on the 30th April. I would have expected this announcement after 13.00 on Friday 3rd May. Why release today ?
I think a TU following the weekends expiry date is odds on as the board will be very keen to demonstrate true value and get the SP as far away from the current levels as soon as possible. I think they have very sensibly kept their powder dry in case they needed to defend the cause more aggressively.
In the near term, it wouldn’t surprise me if the Education division was lined up for sale.
With respect to SPD/MA, expect the unexpected. MA is a menace and will do whatever he feels is necessary to ultimately gain control. Sitting on the shareholding he now does, there is absolutely no room for our board to slip up so if there is a positive to draw from this process, every effort will be going into demonstrating shareholder value. In the meantime Mr Rowley continues to get an invitation to the board meetings. If that doesn’t worry you as a shareholder, then nothing will.
So are we being let out early for good behaviour? Why extend on the earlier occasion though if there was never any intention to make a "serious" bid? TU next week now?