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Would really lik to be greedy with this but risk management...
Insiders having been purchasing a lot lately.
Strong balance sheet provides some amount of staying power.
I just don't see how this doesn't work out at some point. Fingers crossed.
All IMO ofcourse but very difficult for them for them to not pay the 2.4p dividend for FY22 because they have already (moreorless) said they intend to.
60m shares in circulation x 2.4p = £1.44m
They can afford it this year but not sure if it’s sustainable we shall see.
Hi Roxbury thank's , yes the sells and buys are close togeather. I bought another 2.5k and that went in as a sell also. Made quite a loss on here when it plummeted, so have averaged down. With the Directors buying some regularly as they are I can see some upside here. Works is well run IMO and worth 50p + then the 2.4p dividend if they pay it that's a yield of 8.5%
Hi Harry buy showing as sells (and vice versa) is just something you have to accept I’m afraid, it happens all if the time. I don’t think it’s anything sinister though or anybody (MM) hatching a plan it’s when the spread is very narrow so the software that runs on the Lse platform is unsure. That’s my take on it anyway.
The sell at 8:08 for £9942@28.7978 was mine but it was also a BUY.
I have noticed on here that most of the buys show as sells? The 10k shares sold this morning were mine and it was a buy not a sell.
If they pay the proposed dividend in October it’s nearly a 10% yield.
These guys have zero debt, so I'm comfortable they can ride this out for a bit & then come back stronger.
Gut feeling TD nothing else.
Dangerous investment strategy and wouldn’t recommend it.
I have faith in the Management team who managed to turn a profit during Covid.
They have been dealt a poor hand lately and that’s reflected in the share price but I see the upside far greater than the downside atm.
Fingers crossed.
It was negotiated order when I tried to buy in the 27p range
On what basis a bargain, given there is no guidance available?
I’m loving this and loading up.
IMO this is a bargain.
Anyone got insight on why this dropped 13% on Friday? Doesn't make sense after the insider buy
Good point TD. Sounds like someone just put a finger in the air to decide which way sales are going. Surely budget shop can expect more trade in times of recession, not less!?! Although some of the regular customers would reduce their spending, there is bound to be a migration in from higher end shops - IMHO (But I know nothing).
Insider buy announcement this morning helps support your bull case a bit. But the lack of info from the company makes this impossible to hold/buy for me. They said they are materially lowering their profit expectations for this year, and yet didn't say by how much and aren't sharing with us the new forecasts that Investec/ the institutions get. Investec are the in house broker and we (as shareholders) in effect pay for their research don't we? - it seems ridiculous to me that we aren't provided with their numbers. How can we value the company without those new numbers?
I tend to think this drop is an overreaction. Online sales were obviously higher when we were afraid to go out, but this kind of retailer benefits from browsing customers- I've done it myself. ALSO don't forget school holidays might mean mums buying things for kids to do indoors- out of the sun - and Christmas shopping will begin soon, with people hunting for bargains in times of recession.
Saw the big drop yesterday and thought what the hell so bought 15k today. Let’s hope this doesn’t drop into the 20’s :-)
IG shows a drop of 2.35% from open 34p down to 33.20p. LSE shows roughly same drop but a % drop of 12%?
Struggles are well known.. valuation is still very low and profit forecast still intact with dividend to be reinstated. Moreover as the previous comment said, online revenues is only a fraction of total sales. Don't understand why Carolyn bought stock when she did though.... or did she not think the market will react this way.
Online sales less than 10% of annual turnover,
Approx 20M per year
Q1 quietest trading period so say 3M less 28% = £840,000
LFl store sales up 1.4%
Over exaggerated share drop ?
It’s an unquantified profit warning, with no broker forecasts available or guidance for retail investors. Terrible communication and deserves a right beating in my view.
It's not very bullish, hence the SP fall today. Conditions deteriorated since the beginning of the calendar year and the important Christmas shopping season is coming up. Dividend still expected though.
Carolyn notices. Fraser Group reports great earnings. 1x EBITDA here.
Well I still don't get why they had to sell 5 shares 70 times ? Why not just sell 350 shares in one go. Sell 350 shares 41.5p + £9.50 costs = £155.25 and these were spaced out trades over a minute or two, perhaps others know better than me.
Could be a computer algorithm.
Also, some trading accounts offer free trades for a set £ per month, so don't assume someone is paying £9.50 per trade :)
All these five share sells today ! Followed by an 8000 share buy ! This seller can't be a private seller because the fees are minimum £9.50 a go also it disrupts the SP. The LSE should investigate multiple small quantity buys / sells. I would like to see a minimum 100 share buy or sell limit on shares which are less than a pound, unless it is the entire holding of the seller.