Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Nice Q1 results from above:
https://www.investegate.co.uk/scandinavian-tobacco-group-a-s/gnw/scandinavian-tobacco-group-a-s-reports-strong-q1-results-and-raises-full-year-guidance/20210505162000H3012/
"input price inflation remains significant" they say. MCB have said similar this morning, and a profit warning is the result. Hopefully management here will negotiate the market with greater skill.
Tried to buy on Friday and could only get a negotiated trade. Ended up selling a few, as need cash for bills!
Forecast was 7.8!!!!!!!!!!
...actual EPS 9.9p.
"...expects to deliver meaningful year-on-year RoTE improvement in 2021".
Jolly nice results!
WPP quarterly update shows increase in advertising spend.
https://www.investegate.co.uk/wpp-plc--wpp-/rns/first-quarter-trading-update/202104280700047906W/
Director purchases in last 30 days:
30k @ 144
50K @ 128
102k @ 150
Experienced Deputy Chair says "the name alone is worth the current market cap".
Holds net cash of £33m.
The usual metrics will probably not help here, as the company remains in transition, however the board has backed the company with their own money, and the update in January saw 4Q 2020 exceed expectations.
Overall this seems promising.
PEEL HUNT RAISES PLAYTECH TO 'BUY' FROM 'REDUCE' - TARGET RAISED TO 600 FROM 435 PENCE.
This is the "short ratio" not the "short interest". The short interest is below 0.5%.
Assets under Management (Equivalence) up 37% on year.
Inflow of $9.7bn.
Performance fees earned (which is unusual in itself) of £0.1m.
Exceptional results.
UBS retains 'buy' rating but cuts tp to 375 from 400.
The volume here tends to be low, but there seems to have been a steady selling down recently. Is there an institution selling? No RNSs issued yet.
Total short interest has now risen to 2,25%, making it the 24th most shorted UK stock. Saba raised their short to 1.48% last month.
Hi ISA
This is always thinly traded, so small volumes do tend to move the price disproportionately. What will move the price more decisively? When hospitality reopens fully trade will returns to its old levels. In fact, FIF will probably take a greater share of the market, given some small competitors will have fallen by the wayside. If management have their wits about them, there should be some attractive acquisitions to be made. At the moment though much of the recovery is in the price: last year profits were down 17%, but we are already on a PER of almost 10, and the price is now higher than it was 2 years ago.
I hold and would like to add, but not at the current prices. Low 70s now seems a good place to buy. What is the target? That very much depends on the actions of management over the next two years. Small acquisitions, prudent debt management and the reintroduction of a dividend will all push the price up. This deserves to be in the 90s, and 100 and up is perfectly achievable. In the longer term, who knows?
Very large volume today, and steady rise in price last few days. Is something happening here?
"... Adjusted Operating Profit for the financial year 2020/21 to be around the top end of the £36 million to £37 million range previously indicated in the Company's trading update of 28 January 2021." Also net debt lower than expected.
HOWEVER, "...the Company will record non-cash exceptional asset impairment and accelerated depreciation charges of approximately £13 million." Unfortunately these are necessary costs associated with the turnaround plan.
The big reveal will be next month: "De La Rue expects to announce its results for the full year ended 27 March 2021 on 26 May 2021."
Overall this seems steady as she goes. We may see some profit taking today.
Hi again CSDI
BATS at under 27 would be nice, but around 25 would be better. I think a few months from now that is a realistic price. Divis will have come and gone, and the truth about the economic impact of the virus should be more visible. I am not in a hurry to add here, but I may in a few months. Good luck, friend.
HiCSDI
I am happy sticking with BATS. My holdings are small, so fees and duty eat up my capital if I swap about. The main businesses are certainly not in growth, but BATS holds better vaping brands than IMB, I think. Also they have some cannabis investment, that will probably end up being more valuable than many might think. IMB sold off their cigar division lately, which I always saw as a very profitable sector. I am happy to hold BATS, take the dividend, and watch developments.
Apologies: price moves from 40 to 140!!!
From "hold" to "buy" but target remains 40p (!?!?!?!?!?!?)
Downgraded from "overweight" to " neutral" by JP Morgan, but target remains 3100. Yield is sustainable, so holding on here.