Member Info for andsoforth

A fiver would be nice! If they announce a large special dividend or a return of capital, the rump business could be a very attractive takeover target for a US institution. Happy to hold for now.

...on Thursday. They may give some read across. I am surprised and disappointed to see this lurking under 300. PER is 10.9 and yield a potential 7%+. A mature business, but a seemingly solid one.

...due on Wednesday. According to the Mail they should include details of enhanced dividends and buybacks. Depending on background events (inc potential mass murder and genocide) we may see a rise.

Results today are not great. Net ouflows are still too high at 3.8bn. The 3% AUM rise cannot mask this continuing deterioration. It seems growth, or even stabilisation, will only come by way of acquisitions or a takeover. At this price, and following the inevitable fall today, JUP could be attractive to a US buyer.

...unlikely to impact the van hire business, unless they need transport to evacuate the civilians? PER = 8; PEG = 0.7; yield 5.5%; price to book = 1; EPS growth estimate = 14%. seems quite cheap after the 5% fall today.

Also LLOY missed estimated revenue by c15%. Mid 40s coming?

Decent results from WPP:

https://www.londonstockexchange.com/news-article/WPP/2021-preliminary-results/15340951

Hopefully some read across here, but given wider events a fall is inevitable.

FTSE 100 to open c3% down, so a fall is coming. BUT results today show EPS of 133.5p. Increases across the board of c20%, and dividend raised 12.5%. Rather decent results!

TNAV now at 57.7p per share, but FTSE 100 to open c3% down, so we will see a fall today.

Just for info, I noticed a massive amount of SDRY clothing displayed in a local charity shop. Enquired where it had come from. Was told a neighbouring shop had donated it, as it simply couldn't be sold and was taking up space. Perhaps not a good sign? (Do not hold, and never have, although the fundamentals actually look not bad here!)

"...broadly in line..." [ie less than the first half].

"Although insolvency numbers are inexorably rising, the market is still awaiting a rise in the larger and more complex instructions..." [ie we are still awaiting the collapse].

Bit of a disappointment, and the price may fall today, but we remain profitable and trading well.

I haven't seen any mention of results either. the timetable has been skewed by all the inevitable delays, and there was no mention of results in the January update.

Sale agreed at 608!

Don't forget, MNZS isn't a done deal yet though. Far from it!

SNR is interesting. Takeover offered last year at 200. Now in a better state, and trading sub-150. Making a much reduced profit, but has a nice niche business. Decent contracts recently won, and positive FCF. Update last month sees full year in line. Has £80m debt (12% of mcap) and a pension deficit, but these are not unsurmountable.

Has anyone heard any rumours here? Has gone very quiet! PUSU deadline is 3 March.

https://www.investegate.co.uk/nas-holding-for-co--39-s/rns/statement-re-further-acquisition-of-shares/202202181719291901C/

Below I wrote "over 705" but meant "over 605"!!!!!

...due in two weeks. HEAD put out an encouraging update last month.

I thought anything in the 400s was reasonable, so what do I know!!! A sidge over 705 may take it; or they may just walk away. Results are due in three weeks. That may settle the situation.