Member Info for Alessandro

Why last year IBPO paid a special dividend of 49p. Will we be paid a special dividend this year too?

I have compared margins for two business that I consider pretty similar, HFG and premier food., over about 5 years.
Gross profit margins for HGF average at about 12%
Gross profit margins for Premier average at about 34%
Operating margins for HFG 2-3% vs Premier 15%.
Operating cash flow is very similar, capital expenditure much higher for HFG.
Are margins thin because of capital expenditure, which should drive growth, or is there anything I am missing behind the low margins?

https://www.proactiveinvestors.co.uk/companies/news/1001633/jd-sports-sale-of-brands-first-sign-of-new-ceo-s-strategy-say-shore-capital-1001633.html

Volcano, thanks.
Peel's last forecast was 500p. That was quite unreasonable, they will surely reduce.

Why the divestment will results in a non-cash exceptional charge of $100 million?
This divestment will result in the Group recognising a non-cash exceptional charge in its annual accounts for the period to 28 January 2023 of approximately £100 million.

Did JD sponsor the world cup?

Are brokers not updating their forecast in the light of the recent financial results?

What happened to the momentum of last Friday?

Mary, if you were holding OTB and HFG would you sell OTB to average down HFG or keep them both.
Which of the two you reckon has the most potential for recovery?

Thanks,
Ale

Archy, It would explain it if HFG wasn't going to invest in that sort of pill

Strange drop at the opening bell on decent set of results

Thanks Mary, I would average down, although I am considering if I could put my money to a better use elsewhere. HFG is now a long-term hold with temporary impaired dividend yield.

https://www.aia.org/press-releases/6471469-nonresidential-construction-spending-proje

https://www.forbes.com/sites/billconerly/2022/10/25/non-residential-construction-forecast-slowing-2023-2024/?sh=90936467e630

The share price is stuck at just over £5. wonder how the management is doing with the passing of inflationary costs on to the retailers.

I bought for £8.50...

What do you mean by a 3-month window?

So, what happens if AAF cannot secure the 5G license?

What will it take to see JD quoted in the region of 200p? Is this an achievable price in the short term (6 months) given the current macroeconomics?

How can Berenberg lower the target price when there are no figures for the FY, but just a statement.

Would the reason for IBPO to be (in my eyes) so under-priced due to the large majority of the shares owned by Mr. Aggarwal?
Could the company be seen for its majority as a "private company" with a small fraction of it to free to be traded by private investors and institutions?