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eccles
Agreed, divi, free cash flow & working capital are arguably the 3 items to check for a sensible analysis.
The P/E ratio means very little as it can change from one day to the next irrespective of the actual performance of the business and it's future prospects. Yes I know exactly how it is calculated but so what?, it is very vague. Yield is a much better measure IMO so long as the BOD is not borrowing in order to pay big dividends as happened in the case of Carrillion.
I guess the case for justifying this share price is half year eps = 8.45. Annualised = 16.9. Assuming a PE ratio of 20, then share price should be 338p currently. (PE ratio a touch above normal, but historically often saw the PE ratio around 19.
Anyone who thinks 2nd half of the year will be better than first half, or future growth prospects have improved, or that there is additional dividend money in the tank to be distributed (above what would be distributed normally) would have a good reason for thinking 360p at the moment is fair value.
Not saying I actually know what fair value would be, or whether we could see a correction some time soon, but those would be the figures that could justify the current share price.
"Something is driving this."
I read a quote from HL. results this morning analysing falling age group trend in their customers. More and more people not spending money and looking for a better return. So it's the old saying again of more money looking for a good investment than good investments looking for money. I bought loads of Jim in 2016 onwards with an average price of £1 at todays prices so I sold 5%, expecting a pull back at some point but if not I was very very overweight at 75% so I don't want to push my luck. Good luck all.
I am still doing the DRIP at present and got my new shares at £3.38 it seems. Not sure how that happened but rather pleasing considering the present SP.
What I meant to say is that the incentive to hold at the moment is the unanswered question... what is going on, why is the price still rising after the special dividend ? Something is driving this.
Totally with you on that @Alpharius While JIM has been a great investment, by paying the special dividend in one go, it has made itself less attractive to dividend investors. Many of the old favourite quarterly payers have risen in price and not increased dividends, so are now off the radar. I've been selling Assura, Tritax BB, London Met etc because they are now paying below 4 percent. Plenty of bigger dividends out there, but a little riskier.
On the other hand, most of us aren't able to slice 10 percent off. It's all or nothing.... Maybe a half slice ?
eccles
TBH I've been top slicing quite a bit last few days and hopefully in the next couple as well. Not massively bearish like some but just think we've had a v good run in a lot of stocks so not a bad time to take profits and sit on my hands in cash for a bit.
@barchid, fair doos but as my mrs says;- "What are you going to do with the money if you sell, you can't just leave it sitting in the bank doing nothing." When I occasionally sell out, I always have somewhere in mind to profitably put the cash even if it's just to buy a new car LOL.
eccles
I top sliced 10% this week, purely because I've had a great ride and my holding is now quite significant so a modest reduction looks prudent, but this is still a long term hold for me.
My first purchases were at about 456p (114p in todays form) and my lowest was sub £4 (90 odd p in todays form) in late March/early April 2020, thus this weeks 355p was frankly too good to turn down.
I invest for dividends, so I will watch this company as it pays a good dividend, I am wary of a pull back from the large increase over the last few weeks, that's why I sold. If the dividend keeps rising I will go back in. But I predict a slight fall soon and will use that to get back in. Seen this happen countless times with other shares but never acted on it.
Why are you thinking about the divi if you have sold out ???
Name is from a book character. Shares don't usually go up in a straight line so I expect a pull back at some point, see what the dividend announcement is like next week.
I understand your decision Alpharius (wonder what that means) but I when I find a goodie I tend to stick with it. I found another AIM goodie about 12 years ago which has to date made me almost 700%.
and there we have the first to admit it. Don't actually blame you at all @Alpharius. I was tempted, if I could have got another few pence..... But glad I am still in at the end of the day. Last time I sold out of JIM I got back in almost immediately at a similar price, and already I am way up again. Will eventually lead to my penthouse by the sea, either buying with the profits or renting with the dividends.
Just sold out, made a 30% profit and I don't know how long the price can stay this high. If it goes sub £3 I will buy back in for the dividend. If it keeps going up then I will regret it but I have been burned by not taking profits before.
I-web through now.
Interactive Investor credited my account with the dividend first thing yesterday morning.
I hold them in 2 accounts, i-web & AJ Bell, nothing in either yet
yes, same here, got one that was due yesterday, but not JIM, which is usually paid on the day.
Absolutely agree, a great stock but everything has its price.
Wasn't yesterday the day the special divi was to be paid ?
I ask because mine has not arrived yet
But not as we know it after JIM was sold down below 250p the placing price. I think it fell to 242p which was the final frontier for the trading low. I am absolutely beaming at the new price.. Everyone should have space for JIM in its PF but I would be wary of adding after it rocketed recently.
This is just crazy, and after the special dividend. Someone seems to be buying in 2000's 3000's and 4000's. Not sure why someone made three sales of 2000 - I'm sure they would have taken them all in one go.
Who's going to crack first and sell ?
I see some silly buggers have sold 6000, must be a bit mental. If you say 400 dukey I will make 100% in less than six months.
I believe there was a prediction from one of the investor streams of 4.40, let's see what the Q3 divi announcement on the 12th Aug is?