Roundtable Discussion; The Future of Mineral Sands. Watch the video 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.
ok many thanks ejackson,looks like we will be pottering on around this 2.40 ish range for quite sometime yet then,oh well i need to creosote my fence anyway,ha ha
Good afternoon all. I just wanted to share with you that I have spoken with Will Smith at Tulchan, Studio's appointed Investor Relations Company and he confirmed that we will not be getting a TU until our FY results in June unless there is reason to do so, which reading between the lines, I would suggest means an update on the sale of Education.
The Board took the view they had updated the market on the 16th Dec when the HY results were made as it encompassed the trading period over Black Friday.
He was helpful within the constraints of what he could say.
I am concerned that the availability of our product range could be adversely affected by the Corona Virus which we are told is causing vast numbers of manufacturing plants to close in China. We could benefit from an update on the status of our suppliers.
I am also concerned that the UKCMA has not approved the sale of Findel Education. No news is not always good news, although the share price is still holding firm at the moment.
I love Pets At Home. The vet (genius) at Pets at Home saved my little cat after she was hit by a car two years ago. It would be a fair guess to say that Mr Burke is an animal friendly human being which is good by me.
Today's RNS explains why we have had the delay.....our Chairman has been out walking the dog at Pets at Home and couldn't be located to sign off on the results!!
Today the market cap of Studio PLC is £215m according to LSE while the market cap of N Brown PLC dropped to £214m.
There has to be a reason for the delay and we only discover what it is when the RNS is released.
By way of reassurance, I keep coming back to the SP standing relatively firm and normally the market knows of news, good or bad, before we do and reflects it in the pricing.
Given the rollercoaster ride we have endured over the years, the one thing we know with Studio is that there is no telling what will happen next.
A major concern for us all is the possibility that the UKCMA could refuse to approve the sale of Findel Education. That would send the share price significantly lower and back into the jaws of the Komodo Dragon (MA).
There is no doubt that the company is awaiting the approval of the UK Competitions and Markets Authority (UKCMA) of the Findel Education sale before releasing third quarter performance figures. If the third quarter figures were that good, why wouldn’t you release them regardless of the UKCMA decision.
Lost the will to live,what on earth are they playing at in not publishing the results.are they top secret i wonder.
The wait goes on - although the shareprice doesn't seem to be suffering because of it.
We can be certain that the trading statement is prepared and ready to release. My guess is that the figures are not particularly good so what better way to offset that disappointment with an announcement that the sale of Findel Education has been approved by the UK Competition and Markets Authority ?
Ejackson got a feeling it will be tomorrow,think they usually release it on a thurs.
I am surprised that we haven't had an RNS yet.
The delay, when as Columbo points out, every other Tom Dick and Harry of a retailer has provided an update, only plays into the narrative that there is something else afoot going on behind the scenes.
The only saving grace is that the SP appears to be stable and not heading south.
yes skindle terrible day on the markets,all caused by the coronavirus,who would have thought it.
Yes Columbo, last year our trading statement was released on the 25th January. Frankly, today isn’t a good day to release given the turmoil in the stock market. I am hoping that the statement release is being delayed to coincide with the sale of a Findel Education being declared unconditional. Maybe too much to hope for though.
Despite the fact every other company in the country has published there xmas results,we have to wait until nearly february to see ours.grrrrr.
Not quite sure what to make of it other than it's suggests a polite but firm push back on SPD and in going public with the RNS it removes any lingering smell of accountancy irregularities that might have been in the air.
Down significantly today following a weak trading statement. Maybe our half year results were not as ordinary as I had previously suggested.
Yes, a very convincing 99.96 per cent of those who voted were in favour of the disposal. The trading statement could have been released today to add to the positive result of the general meeting. Our half year results were very ordinary compared to the recent past, let’s hope that Black Friday and Christmas trading has improved our revenue and PBT.
Next step taken care of.
Now for a healthy TU please
The circular to shareholders and notice of the general meeting states that the expected completion date of the disposal of Findel Education, subject to conditions being satisfied or waived is April 2020, the longstop date is 30 September 2020.
“obtaining clearance for the Disposal from the UK Competition and Markets Authority.”
Any thoughts on how long it will take to obtain this approval ? I am hoping that when the disposal of Findel Education becomes unconditional, our share price will go again.
I would agree Skindle.
With the sale of Education, we will be an almost pure etailer with debt (which was already manageable and falling) being paid down further, a pension deficit looking far healthier than it has for a long time, an injection of working capital going into the most profitable and remaining part of our business backed by an excellent Board that has demonstrably proven they know how to drive the business forward.
You have to have had a thick skin to have been invested here in recent years but I cant help but feel our moment in the sun isn't too far away. When the market catches on to how different the company is and what it is achieving, we really should see a re-rating and just maybe, Edison's valuation might be achievable.
If previous years are to go by, the next TU RNS isn't far away so we will gain a clearer picture shortly.
Hello Ejackson, I used to read the Edison reports and view the share price valuation with much scepticism. Not any more. Now that we have conditionally agreed a sale of Findel Education, our much weaker brand, at 10.3 times EBITDA, we have living proof that Studio Group PLC is now definitely worth at least the valuation placed on the company by Edison. I just can’t see what it will take, short of an actual offer for the whole business to ramp our share price up to what we are now clearly worth. I certainly cannot see Sports Direct offering us anywhere near this figure to acquire the remainder of the business. Had SPD offered us 300 pence a share last April the outcome might have been entirely different.