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.
Has anyone got details on that broker upgrade? Which brokerage, target price...etc?
JSG moved from being down at 17.50 to close at 20.00 on the slae of 30 odd shares. Very odd if not a little peculiar!!
It was indeed the institutions who can, after all, take a long term view. Not comfortable that the price has dipped below the open offer price but hey ho! Long term we know that markets go up as well as down.
IQ where do you read 20mil shares? I don't have a trading screen, so maybe I'm missing something. Perhaps you're referring to the positions taken by the institutions over the last few days, which I think is very good sign. I'd hate to see JSG bought out too cheap, ie less than 60p. But you're right today put a positive look on the SP.
Well, 20mil shares can't be bad! At least its shoved the price back up a bit, gotta make these shares rarer. : ) Let's face it, these guys are in for the long term, they know the buisness is sound, they have faith in the people running it and unless the board dies in a freak oil based cleaning fluid accident the only way is up! : ) That positive enough for you OG? ; )
...have moved from 0.0% share holding to 3.85% holding. So maybe that makes JSG shares a little rarer. Very disappointing share price movement post share issues. I really though that putting all this behind would have, in itself, given the share price a lift. I suppose we are in difficult times and some share holders probably need thier cash.
Well, maybe but how do you account for the 400k bought and only 30k sold? I'm not too sure I understand it unless the market is trying to raise money by selling off the left over shares and increasing the companies worth? As I understand it, the market sets the price according the the rarity of the share and the payout per divident, yes? I suppose that before the price of the share will go up they need to be scarcer than they are! Still, divident promised in Dec 2009 but will it ofset the amount of interest lost if the money was tied up in a savings account.
...today was part sell off by some small holders who were just glad to get the few extra shares and get the hell out of JSG
...holding is similar to your's. Considerint the day that was in it (Lehman, WaMu falling apart) it wasnot a bad outcome. Tomorrow could be a very bad day for markets in general, The boost from Fannie and Freddy being taken under wing was short lived.
Like you I was a tad disappointed however, the press loves to give a company a good kicking! That anaylyst chappy said it was very resiliant and had done well. Interesting once again that there is more buying of shares by directors. John Talbot is very much going down the liine or insentivisting the managers of each section to do well by bringing them on board and them having a monetary interest to do well. I notice in teh figures released that they have slowed the loss. I'm looking forward to the year ahead...but yes, it would have been nice to see a leap to 60p at lest today! : ))) I have by 202k shares and I'm keeping them safe for the time being.
What do your reckon IQ, it urned out to be a non event? I was hoping that today would set us on a gentle upward curve, well I was hoping for a sharp jump up followed by a gentle upward move over the next few months. It looks like it will take longer than expected to recover.
OG, yes, that looks very positive! Like you I wonder what will happen when the results come out on Tuesday. I'll be getting my extra shares on monday. The fact that 80% took up the offer is encouraging as is the companies that have come back into JSG. Things look positive I think. If they can declare a dividen, no matter how small, i think it will stop people abandoning the company as soon as the share price goes up, which I'm sure we all hope it will!
Now holding 5.23.5 of the company, having been at 0%!!!
Has anyone heard anything about the open offer and the take up there of? SP seems fairly strong this morning...maybe that's a good sign.
Well, I can't see there being any movement until after 26 August when all the open offers are in and we'll see what the uptake has been and then after Sept 9th when the results are out and the shares start trading. I think that the fact the companies have bought in and little is now being traded shows folks are waiting to see what will happen and the stock market is fairly positive about the impending results hence no need to drop the price to sell the shares. If the share price goes up mind you, it will be interesting to see how many sell up for a quick profit, hence their promise about divies next year. These are my thoughts, not the facts of course!!
Ever notice how this stock can trade down all day and then end up unchanged at the end of the day due to one small trade of say 40 or 50 shares? Rather odd is it not? Any thoughts?
interim results due 9th september
Nothing new my friend... it was written in the stars and on the plan http://www.iii.co.uk/investment/detail/?display=news&code=cotn:JSG.L&action=article&articleid=6772113 I'm just glad it climbed back from 19.75p Mind you, if I bought my shares cheaper would it matter if I didnt' do it via the offer I wonder.
Cazenove Capital Management Limited now hold 13.86% of the shares, up from about 0.6% previously!! Any know what this might mean for JSG? A take over is not what we want to hear about just now. Is crossing the 13% threshold significant?
Looks like someone had to have thier cash in hurry, 2.6m shares dealth. Price held up pretty good.
If you're looking at this long term, then this is a great get in. Management know what they are doing here...the medicine has been brutal but they have not held back from doing the necessary.
Sooo...I have 112k of shares, I have an option to get 89k more at 20p a throw....shoud I do it? I've got the cash, can I afford it? Not really... but if it's already up 2p from 20p then I make an immediate profit. Hmmm. I've always been into this one for long term adn all the signs to me look good.. Any advice or thoughts? I WANT to do it...but thats probably cos I'm an inherent risk taker!!
Word has it that the offer is being snapped up, and that institutions will take all they can get.
"Johnson Service also said it expects to commence paying interim and final dividends in calendar 2009."
yes there hasnt been much movement for a bit, but with this share not many judgements can be made of little movements like this, especially when you consider whats happened over the last 6 months. but i do think it should start to move upwards and be more positive. gaining momentum nearer aug 29 when the rights issue of new shares etc gets sorted. the company has been sorted out a lot in the last few months and the current price does not reflect. sure to start doing better as a company ,as we should see when next annual results come out. until then the share should start to grow with the confidence of the people involved with the share and the company. i estimate 65p by november