The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
listening to the conference call now.
All rather good so far. Eventually the market will catch up.
Busy commercial quarter.
Buzzwords growth. better, beating pre covid levels.
Really only covid dregs holding this back. Company on a sound footing and ready to capitalise once market malaise settles down.
Wow, those figures are a lot better than what I was expecting.
SP should start rising now
My crystal ball says much higher in 2022 but may dip first.
That said I added a few at the death.
15% downside 40% + upside good risk reward.
Looking forward to divi resuming sometime.
GL for tomorrow but in the long term one day dows not make a Summer.
On Thursday the company releases Q1 update, whilst due to the extent of lockdown, they should comfortably beat last years figures eg 10% up, hopefully they will be similar to Oct/Nov/Dec 2019 and the sp improves
Now that everyone has been given the right to go back ino the office etc, there is no reason why sales and profit will not now go up with the SP following to the 170p ish given by the brokers.
All systems go
Yes saw that..... just patience.
BERENBERG RAISES GREENCORE PRICE TARGET TO 175 (160) PENCE - 'BUY'
That's a little better, now 175 price target. bring it on.
More likely waiting for the recovery, every variant giving a return to normality delay. Seems to move with the risk of shutdown, people working from home etc.
Will fly up to 160 170+ over the next year no matter what Coveney's holding is. I have a large holding at a great average and am excited that this will raise and the dividend will resume in time.
My target is £2. It may take a year + but the potential is there IMO.
DYOR
Thanks for the Info Jed
Sorry got that wrong, I meant 4,5m down to approx 3.5m.
Good morning PANG, looking at the share list above it does look like he has sold most of his holdings from approx 950,000 down to 30,000 so maybe that's why.
I am curious to find out from someone with more knowledge than me, does Mr Coveney have to dispose of his share holding in GNC before he takes over as CEO of what is in effect a competitor. If this is so then maybe that is what is keeping the share price down.
I would like to know what level of government financial support was given to achieve this growth in profit. No dividend is a concern as it could be indicative of undisclosed concerns by management I am a long time holder, and will remain so invested.
Well as they said a few weeks ago all looks great with NO down side that I can see.
Revenue up, profits up, ebitda up, Freecash up to £72m vs -£29m, net debt down to £241m vs £411m.
But no Divi yet. hope this pushes up the SP back to £1.70 over the next few weeks.
I think this is good for GNC. To much stagnation since the unspectacular failed move into USA. We need fresh aproach
A nice spot with the Costa coffee,
So Compass is to start a divi again and as GNC are almost in the samre game I wonder if they also wll be announcing a divi next week.
GNC are in position to clean up nicely with FTG cash now pouring in & M&S sandwiches in 3000 costa coffee . SP to £1.80+ ..... have topped up for my xmas treat .
next week,and going by the trading up-date a few weeks ago where they outlined a pre close everything looked as if they would be announcing good results with increased profits.
Let's just hope they haven't changed and the SP responds back up to £1.70.
this one moves in mysterious ways, usually under the radar, buy low sell higher and bag a few.
Business confidence in the UK hit its second highest level since March 2020 last month, as furloughed staff returned to work.
According to Lloyds Bank (LLOY.L) Business Barometer, which surveyed 1,200 firms from 1 October to 15 October, overall confidence stood at 43%, a slight dip from September’s 46%, but well above the long-term average of 28%.
It must be the costs side of things. I can't see hoe COVID will cause another lockdown/ We are running at 50k a day now so, how much worse could it possibly get? It is disappointing all the same. Especially with a very decent set of financials.
What is driving this decline in a strong market? Increased input costs? Fear of new Lockdown? Both? Certainly disappointing and worrying.
I agree and that's why I posted what I did on the update day. But since then we have been sliding fairly dramatically as the markets have been going back higher. The market is telling us something and I don't like it.