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On Vox Markets today from 07:45
http://shorturl.at/sxLU2
2.4 p approved at AGM today.
I make that 6.85%
All that as happened is that Mr D Hoyle as drawn out £1 million of his investment good luck to him. He is still a majority share holder. There has not been a major sale on the general LSE market so it was most likely a UT trade, he still owns 13 million shares. So I don't see a problem.
His tax implication would be around £20,000, I’m more concerned about the implication on the share price and the timing.
Think about what the tax implications would be for an individual recieving such a large amount in dividends...
Reducing his holding by over 2 million shares 2 days before the AGM, and potential dividend of £0.024 ?..
This is paying a 7% dividend must be worth more than 35p, they run a good business. GL
Well Steve I had a look at HL and they say 2.4p in italics which I agree with you on , but that is what they say they are going to pay, which I think they will do. I lost a lot selling card out but if the divi comes in I am happy because I will get half of it back in the divi but I think you will find that my numbers are accurate, and Works are doing well having cash in the bank and no debt. So I am standing by my opinions.
There is no guarantee of a dividend as they are going to propose it to the board. If they confirm it 100% this share may change? I sold out after the spike on earnings day but keep looking at the price to re enter.
The works has done better than card . I bought loads of card on the hope of good results the numbers for card were not bad, but by comparison if you compare the numbers with works, works are much better so I have sold out of card at a big loss and added to works in the hope of recovering my losses. Card revenue 364m profit = 11.1 - Works revenue 264m profit = 10.16 . dividend 2.4p card dividend 0. works have half the shops that card do but have a much better turnover and profit . So though I hate to admit it because card is one of my favourite shares but in my opinion The Works is the better of the two share to hold good luck.
What's a 400 ?
Happy days.
Yup - totally agree I acted on buying Wrks due to that badly composed RNS. It was a bargain under 30p.
Gonna hold cash back as I fear we still have lots of downward pressure to come from these inflationary times - when winter bites and people's disposable income are used to pay for the basic utilities - the shopping centre thoroughfares will be empty.
Think there will be chances to double your money around Jan - Feb next year
Not looking for anything more as this is no pandemic
My tips:
UK - S4Capital, Halfords, Marstons, PXC,
US - Inmode and Hims
But what do I know.
Stay lucky sunshine.
I agree PI.
No doubt like most people reading this I monitor both Card and Wrks share price closely.
Until recently they were always very similar taking turns to edge in front of each other.
That was until Wrks issued a badly written RNS on 8th Aug.
1. They didn’t declare the previously mentioned £16 m “available cash”.
2. They increased and extended the bank facility to £30.0m and extends the expiration date to the end of November 2025.
This was interpreted as a profit warning and on that very same day the share price dropped 16p (34%) to 30p were it has languished since.
Truth is that it was just a badly written RNS and they either didn’t feel the need to mention the available cash or just plain forgot and also should have stated that the bank facility was undrawn and just good management being prudent.
This has all been clarified today.
Hmm I haven't done any latest analysis on Card Factory but I don't see them jumping 45% in price after the results are announced. My gut feel is that it will stay the same - may nudge just above 50p but fall back again to where it is now.
I mean the price of Wrks today should be much higher but we are in a depressed period with the inflationary/rise in living costs due. I also see people buying less cards as there's nothing to celebrate when your struggling to feed the gas meter. With wrks is different - people will reign in spending and buy cheap toys, games and puzzles to keep the kids happy at home.
I don't see card ever going above £1 even when all thing return to normal - if they ever do.
Sold out as I only had a small pot in here , I’m happy with what I got and usually after 40% rises there is always falls.
Went to put the money back into card factory but that is rising as I expect the same thing to happen with them next Friday ??
That made me laugh out loud cuvio ha ha
Too many good points in that RNS to list but the dividend part alone is definitely worth noting :-
“In light of the strong performance in FY22, the robust balance sheet, and its confidence in the future prospects of the business the Board will be recommending a 2.4 pence per share which will be paid on 24 November 2022 to shareholders on the register on the record date of 4 November 2022.
We hope to maintain the cadence of twice yearly dividend payments thereafter and intend to resume a progressive dividend policy in due course once conditions stabilise.”
Hi Banbury nice to hear from you mate, we miss you over on Saga.
Wow yes - what a great update!
Looks good Rox.
The merry go round on Wrks / card / Saga seems to be working.
Results for other two on Tuesday !!
Oh my. Just wished I bought more beforehand
Oh it’s great when that happens isn’t it. I sold all my Saga to buy Card 12 months or so ago. In that period Saga dropped by 50% so it was worth selling Card at a slight loss to buy back twice as many Saga for the same cost.
This game is all about (educated) risk isn’t it and of course holding your nerve.
I have faith in the Management team here at Works so even if tomorrow doesn’t go to (my) plan then the drop should be minimal say 5p? but if there are no bombshells and dare I say it… the dividend is confirmed then +5p to 10p is a possibility.
Let’s see.
I will be up early too.
I am okay if its not a happy rise as i liquidated some US stock last week to buy Wrks and those US stocks have dropped back due to the FED news so can buy them back nearly 20% cheaper than last week.
I’m not expecting fireworks tomorrow morning with the Trading Update but I still think the share price dipped too low because of the last (poorly written) RNS.
On that basis I’ve managed to convince myself that @29p (my average) the upside is considerably bigger than the downside and invested far more than I possibly should have!
I bet I’m not the only one who will be up nice and early Friday morning refreshing my screen at 7:00am!
Had a look in The Works in Wells Somerset. One customer bought £30 worth of Gifts. So they are selling stuff. I think any SP under 30p is a steal.
Bought another 38,220 shares at 8.32 this morning - keep the Blue run going