Member Info for adeg1

But the issue is they haven't raised either the dividend or the share buy back amount despite the improvement in the results.

But no increase in the dividend. Yield is now down to 3.7% plus the buy back impact. Time to increase the dividend.

The club sold £500k of merchandise and tickets over the weekend so that's the fees covered for Begbies. Now they have to pay the staff and players on Friday.

Begbies get the administration work for Sheff Wednesday. How to make a good thing even better!

https://www.bbc.co.uk/sport/football/articles/c1lqmmml533o

Well it looks like the market doesn't like it and thinks they have overpaid. Down 41p (3.7%) and reducing the copanies value by £142 million.

Only time will tell but buying something for 5 times its revenue seems a bit top heavy to me. There isn't much mention of how much profit it is making.

Well that will make the buy back cheaper!

“im not intelligent enough, so i "invest" where i see value”

More LGEN shares it is then.

In theory it could go to 0p. The upside is unlimited, but you have to own the share and take risk to benefit from this unlimited potential.

If I knew with any certainty I could have retired years ago. What is certain is that the current price is £2.34 per share and if you don't own them you won't get paid the future dividends and you can't sell them for a capital gain.

At an average of £2.45 per share. Time to announce the next tranche or a special dividend.

I'm not greedy, happy with 8.3% for another 189 years.

Means we are paying less for shares in the buy back.

Which is the exact reason why you don't pick one horse. LGEN is doing fine and is a stable, dividend generating part of a wider long term portfolio.

The £125 million buy back across 347.83 million shares is 36p per share. This is ontop of the 47.2p total dividend for the year. Total distributions to shareholders of 83.2p circa 7.5% on an £11 shareprice. (yes I would have rather had the extra 36p as a special dividend instead of a buy back).

EPS of 106.3p on a PE multiple of 12 would put the share price at £12.75 so still some capital upside here as well.

Because there are more people selling than buying. The price coming down is good for the buyback. It means they can buy more shares at a cheaper price.

If they weren't doing the buy back the price wouold be falling faster.

Hopefully becasue otherwise the 120p per share they are now paying for the share buyback will be a waste of our money.

''In my opinion buy backs have little or no effect on the share price''

Well that depends on how big the buy back is. If companies can buy back 25%-50% of their shares over a 10 year period that will start to have some significant effects on the share price, especially if they can mainiatin or grow their profits at the sametime.

Means they can buy more shares back at a lower price.

Why? Dividends are circa 5.9% plus an increased share buy back equivilent of another 2%-3%. Where else are you getting an 8%-9% yield on your investments. I'm buying more not selling.