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I have have held for years, mainly because of the divi and I'll miss the divi payouts from now on.
What I find frustrating about KCOM is the lack of clarity over long term strategy; once the entire catchment is fibred-up in Hull what next?
I suspect the full potential of this share is fully priced-in.
The company needs to be doing something more exciting to retain my interest, and my investment, now that the dividend has been withdrawn...
hmmm, well I'll keep an eye on the SP, but I don't expect it doing much. I give it credit for consistency at least.
Hi Jimmy nope it got as far as £1.21 I think after they sold their interests in the south to city fibre for 90 mill and fell back sharply during the following 6 months. It has been a steady money maker that returns higher than any bank percentage even now with the cut in divi. and I think there is potential for so much within kcom now that the old caretaker has left and the top has fresh people with perhaps a more forward thinking approach .
Thanks for that capro, really good insight. For me it is just the depressed share price and utter lack of any real growth. I dont think it has been over 2 pounds has it?
The dizzy height of 2000 when the price reached £16 plus per share were not in any way normal events. Hull council still held the majority of stock and as with all supply and demand when there is a shortage the price goes up. It was also rumoured that Sky at that time were looking at working with KCOM but that never happened from what I remember. Then out of the blue Hull council sold out to build a stadium flooding the market with shares and the price collapsed back to something considered more normal. All of this was nothing to do with Kcom. Once the price settled it offered exceptional value. A share for under a quid returning 6 pence per annum. That was up to the last payout lol. Now they are probably the only telecoms business that by the turn of this year will be offering fast fibre right to the door of the whole catchment area they operate in.That is why people still hold this share. And as Debs says life is full of surprises. Growth potential and diversification attract interest from all kinds of investors.
life is full of surprises jimmy!! It has been a sound investment for me over many years. What does the future hold - well that is where there is room for a discussion.
wow, i'm genuinely surprised people still hold this stock now. After the crash in 2000. What still keeps you here if I may ask?
I checked regulatory news in case I missed something! It would be great if some good news was in the offing but it may be as you said that some people got wrong footed, thinking the price was going to fall even further and kept waiting for that before cutting their losses. Or perhaps an investor or two or more are accumulating. Whatever, I hope the price rise is maintained. Happy New year to all holders.
So? Does anyone know anything? The SP is going off the clock in growth speed. A cut in divi and a land slide in share price only 6 weeks ago? and now over 71. I know the up take on fibre is above expectations and the roll out is on target for completion to the whole catchment area by March but current SP movement tells me either panic set in that was without foundation adversely impacting the SP or somethings in the wind.
ex. dividend day today, to be paid early Feb. I thought the share should always drop by the dividend amount on ex divi day. Not with KCOM it would seem! I didn't buy more in the high 50's I hope others did to achieve the bonus of capital growth and income.
A computer glitch their end it looks if it's fixed on this site though on others I've noticed the change of percentages do not tally eg today on TCG
Share Price: 22.92 Bid: 22.92 Ask: 23.00 Change: -7.18 (-23.85%)
Spread: 0.08 Spread as %: 0.35% Open: 23.64 High: 23.70 Low: 19.69 Yesterday’s Close: 30.10
A computer glitch their end it looks if it's fixed on this site though on others I've noticed the change of percentages do not tally eg today on TCG
Share Price: 22.92 Bid: 22.92 Ask: 23.00 Change: -7.18 (-23.85%)
Spread: 0.08 Spread as %: 0.35% Open: 23.64 High: 23.70 Low: 19.69 Yesterday’s Close: 30.10
Any news from admin lunatic? Their reply would be of interest. It does look as if normal trade reporting has resumed today. A 50% increase in the SP would be helpful with KCOM - the future must surely give a higher share price, it remains a good company and with new man at the helm I remain hopeful and confident.
Just reported it to admin there sorting out the problem
Hi Debs,
Saw that myself and thought the same . The week before last it was all `1s buys and sells . Take a look at ADVFN ,seems more reliable.
Hi Debs,
Saw that myself and thought the same . The week before last it was all `1s buys and sells . Take a look at ADVFN ,seems more reliable.
what the 'f'' is going on every trade this am is supposedly for 950 shares, what 950 shares. Is a code for can I buy / sell 950 shares!!! Unless it is employees selling / buying their share allotment - yes that could be it. Any thoughts??
Yes me too Truby. I cant decide if I should increase or just hold. I just hope as you say there is honesty now from the board, I cant help but think the last 5 years have had false promise and disappointing actual results time after time always with excuses on the day. I wondered why the last Finance Director jumped so quickly and I think we all know now.
The interims made clear reading, with no new surprises, and some cautious confidence, and encouraging words from Graham Sutherland. Finncapp revised their TP today to 80 reiterating the stock as a 'buy'... " the broker added that its new target equated to a multiple of 9x 2019 EBITDA, “a reasonable sum of the parts, and still generates a 3.8% dividend yield”. It does look as though Graham Sutherland has seized the day and got legacy problems out in the open. The £32mm writedown of goodwill in NNS is a big number, 60% of the goodwill for that business, but the new goodwill figure of £20mm is, presumably/one hopes, healthy and modest. If I wasn't in deep already I would buy at these levels, as Graham Sutherland does appear to be upfront and transparent, and I think conservative, which is the best strategy for him personally as well as the business.
PS, just to clarify the comment in yesterday's FT:
"Roger Phillips, an analyst with Investec, said the dividend cut was a “gut punch” but necessary to restore a margin of safety after a “kitchen sink” cut to the forecasts."
I agree with all you say. I'm holding and hoping! It was a gut punch as one commentator said. I just hope the actual results will relieve if not please rather than disappoint. Barclays have reiterated equal weight with a sp of 55 while Peel Hunt have reiterated with a sp of 127! Finncap also reiterated. would be great if the two optimists knew something we don't!
Call me an old sceptic but ........New CEO takes over wants to make a name for himself! Kcom has stalled for a number of years and churned false promises year after year only to have excuses from Bill Halibut when results arrive. You also have to ask why such a high dividend on a low share price in the last of his years. Would it not have made sense to lower the divi Andre invest in the business offering a more realistic level of reward. My guess is the new guy is realigning the business on his first issue so he can appear a hero in a few years after strengthening the business model or preparing it for a take over? I guess he would rather have new executive performance options on a lower so so he takes more in performance reward that will re gain their market value. I am amazed we’re people get their share price predictions from on here , a crystal ball perhaps? If it was that easy to predict then nothing would really change and all these business forecasting companies would never get it wrong !! I think in all seriousness it’s a poor show when Kcom can’t update their investors by e mail when declaring news like this and you have to find out why the so has gone south for yourself. I am hoping for some great new things from the new CEO and it really is what Kcom now needs!
Where will it go from here?
A very nice earner today for the brave.
they just halved their progressive payment cos they cant afford to pay it they are obviously skint,hence shareprice.