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I’ve just noticed SPD are also reporting on Monday. Coincidence?
Nice.
Welcome news indeed and one would like to think that the Board have collectively smiled when Schroders asked how things were going before nudging up their investment.....
Fingers firmly crossed for some very positive news on its way.
Finally, after months of the share price trickling lower, a positive move up on news that Schroder has increased its shareholding, albeit by only 0.294 per cent. Maybe the half year results are going to be better than I had anticipated.
I believe we are having a blue day.
I am enjoying the moment as with night following day.....
im afraid i have just learned over the years to bury my head in the sand with this company,and i think to myself it is what it is,its hardly a surprise to me that the sp has been dropping when we have only had 1 rns in 3 months and that was a bad 1,but hey who knows,miracles do happen.
I am struggling and becoming increasingly concerned with the constant drift downwards in our SP.
With regards to PPI we were given guidance on the late upsurge in claims so they must have known a worst case scenario and factored this in to the figures provided?
Current trading is what I keep coming back to and I have this feeling that with all the distractions of the General Election, things might have slowed up.
Whatever it is, the SP heading in the direction of SPD’s original offer is just playing into their hands and that really does make me nervous about what might happen next.
All vEry frustrating as I really felt we were on an excellent and prosperous future path but the market, who has a habit of being more right than wrong, appears to be pricing in some uncomfortable news.
I really hope We will be discussing more positive news soon and we see healthy bounce in the SP towards previously achieved heights.
At least our biggest investor has given a reason for delaying its half year results release :-
SPORTS DIRECT INTERNATIONAL PLC
("Sports Direct" or the "Company")
Date of Half Year Results
So as not to clash with the UK General Election, Sports Direct will now announce its half year results on Monday 16th December 2019.
Ends.
So the pre results slump is now in full swing not helped by the uncertainty surrounding the delay in publishing our half year results without an explanation. The danger with this of course is that Sports Direct may be tempted to buy more shares should the price drop below 170 pence. With three weeks still to go before the results are released I’d say there is every possibility of the share price dropping below this level.
Coupled with a rather tortuous nine years before !
Everyone is coming up with plausible reasons but sadly all we can do is sit tight and wait and see.
A rather tortuous few days ahead.
The sale of Education is a possibility. Were Schroder to support Sports Direct in their campaign to sell Findel Education, would the board have to comply given that these two shareholders jointly hold 57.96 per cent of shares in our company ?
Unless theres a leak of some good news before the 16th of dec,i can see this doing a full circle back to 1.61 again.grrrrr.
Could this delay have anything to do with the general election ?
Well it could always be that they're hoping to conclude a big negotiation in the next week or two (sale of Education, landmark deal with SPD?) and want to be able to announce it with the results. But I think I would assume it's more likely that the reason is that results aren't going to be great (higher PPI hit perhaps?) and they're hoping something turns up, such as a good Black Friday, to allow them to present a balancing positive element.
By way of balance, it may simply be to accommodate and provide a narrative on the impact of Black Friday as they did last year.
If it were more sinister, then I believe the SP would have fallen a lot further.
Oh no ! Clearly being led by the example set by our largest shareholder. What possible reason can there be to delay publishing the half year results ?
I've just seen the "notice of results" rns whereby interims have apparently been postponed from "late November" to 16th December, without any explanation. On the face of it that doesn't seem encouraging.
https://otp.tools.investis.com/clients/uk/findel_plc/rns/regulatory-story.aspx?cid=1424&newsid=1345899
its all depends how much we are gonna get banjoed on the late ppi claims,hopefully at the lower estimate,then our profits arnt eaten into that much,meanwhile over at boohoo there shareprice is reaching records highs,and we are stuck with the jumble sale that is sports direct who i cant wait to see the back of,and who are about as welcome here as a bull in a china shop.
If that is correct Skindle, I really hope we have some positive news to move us away from the current SP otherwise I suspect SPD will be keen to have another go at us.
Half year results to be released on Monday 25th November according to my broker.
Historically our share price has dropped in the days and weeks before the half year results recovering post results to between ten and twenty per cent above the level at the beginning of November. If the share price movement is true to form this year then I can see this dropping to 170 pence before rising back up to 210-215 pence post results. I still retain the opinion that the key to unlocking this stalemate is the sale of Findel Education.
You have called it well before 1GW and I hope you are correct again.
Next months update will clearly be key to what happens next. My hope is that all the IT /marketing tools they have invested in are bearing fruit. A positive update on the PPI would be a huge help, as currently, I am frustrated by the positive movement in SPD and NBrown's respective share prices whilst we remain anchored to c.£2.
I rest my case. 1GW_’s purchase of shares far out weighs the number of sales yet the price has reduced slightly. Why ?
And added some more today.