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I agree entirely Ejackson. SPD are a shambolic organisation whose share price is being propped up no doubt by the company’s own share buy back policy.
By contrast our board have been as quiet as church mice. For a PLC this is not good as no communication leads to negative conclusions in the market. SPD May be unprofessional in most respects but rarely a day goes by without their board issuing an opinion about something.
What really annoys me about our SP is how SPD's is performing at the moment.
For what seemed like it was a case of 'can it get any worse' only a few weeks ago following all the issues surrounding their reporting etc and they are currently trading approximately 40% higher.
The irony and injustice of it is beyond comprehension.
Another element that I draw comfort from is how the Board have bought shares in the open market at these sort of levels. PPI aside, they are the ones looking at the data on a daily basis so whilst we speculate, they have the knowledge to make a far more informed investment.
Thanks for your thoughts Ejackson and Columbo. I think I will wait for the half year results and make a final decision thereafter.
A humorous thought - whenever I hear the name Mike Ashley I cant help thinking of the Komodo Dragon as it walks slowly along a beach with saliva hanging from its lower jaw. The reason - one bite from the dragon results in a long slow painful death. I sincerely hope that Mr Ashley/SPD’s purchase of our shares was not the bite !!
It is difficult to disagree with your sentiment Skindle although NBrown's SP perked up after a mixed bag of numbers.
The PPI element is annoying although with all the media coverage reporting the last minute surge in claims, not unexpected. The one saving grace is that the deadline has now passed so no more nasty surprises.
I remain a believer as I think the Board are continuing with all their good work which should be reflected in the half year reporting in November. Don't discount Education being sold off either which could pay down debt or be put to good use as working capital to further enhance our offering. As much as I loathe SPD being on the share register, the one thing they have pushed for is the sale of Education.
In the meantime, as to why the SP remains rooted to this level continues to be a mystery. Roll on November and hopefully the market will not be able to do anything else other than respond positively to some good numbers. Fingers and toes firmly crossed.
I cant say that i blame you skindle,very tedious being invested in here,studio is just a bottom drawer and forget about share for me,i just go about my day to day life,and maybe 1 day things might come good here.
Not sure Ejackson, 1GW_ is normally well informed in this respect. I am very disappointed that the share price has remained at these lower significantly under valued levels. I can’t see much growth post the half year results because of the additional PPI requirement. On this basis I am seriously considering calling it a day with Studio, not because of its own performance which has been excellent since Mr Maudsley took control but because of the numerous outside influences that are managing to keep the share price suppressed. 300 pence plus now seems almost insurmountable.
Is anyone up to speed with Sock Market rules to know when SPD can bid again? I am not suggesting they will, but just wondered what the timelines are.
Thanks in advance.