Member Info for andsoforth

Norge Bank increasing FUTR holding. price here rising.

Perhaps not the best time to do this??????

"...the Company expects to announce the publication of its 2019 Audited Results by 4th December, at which time it will request a restoration of trading in its shares". No they didn't, and no they didn't. This is becoming a megashambles.

I do believe it is:
https://www.bbc.co.uk/news/business-55177846

https://www.bloomberg.com/news/articles/2020-11-30/london-thrown-to-the-lions-with-no-brexit-finance-deal-likely

Anyone read this, and given it much credence?

https://www.constructionenquirer.com/2020/12/01/kingspan-manager-apologises-to-grenfell-inquiry-for-angry-reaction/

I have had dealings with these people over the last decade, and this is pretty much a standard attitude. Appalling people, and an appalling company. However, they are going to get away with this, as a precondition of taking part in the inquiry was that there would be no legal repercussions for those giving honest testimony. They will survive this, and prosper.

Thanks Ga. Much appreciated.

Blackrock have been selling down FUTR, thus depressing the price. They now hold less than 5 %. Hopefully the fall will now be arrested, and the price here will pick up as a consequence.

Just to pour a little water on the campfire, I think we need to keep two matters in mind. First, Killi has not been cleared from the books just yet. This is taking rather more time than I would like, and there may be a problem raising funds in this economic climate. Secondly the company results were delivered off the back of a very strong gold price. How long that is sustainable, is anyone's guess. I hold here, have done for a long time and will continue to do so. But I am refraining from celebrating too much just yet.

...is on the cards according to a report in The Times.

Apparently "imminent" means three weeks away! (4Dec)

Thanks heardy. Much appreciated.

These can now be valued at 123 giving the value of FUTR. Top sell price today was slightly less at c121.6. The price here is cemented to FUTR now. Is anyone selling, or do you fancying hanging on? I sold a third of my holding today. Not keen on FUTR myself.

I am a long term holder, having bought for the dividend. It is frustrating to see this fall, but as we are priced now the yield is pretty decent. This is accompanied by a suggestion of further raises or capital returns. My average is above the current price, but I will hang on a recoup my capital loss in dividends. This was never one to shoot the lights about, and while I understand and share peoples' disappointment, I am prepared to learn and stick it out.

Part in shares, but equivalent to 136 (33p cash and 0.052497 shares per GOCO). Congrats all!

This really is rather an exceptional return, given the collapse of food service. We remain on a PER of 8.8, and although leaving the EU may have an impact, this still seems cheap to me. There could be reads across to other suppliers such as FIF and PFD, though these two have already risen in the past few weeks.

I believe Paul Scott had a look at this recently, and warned about put options??? Does anyone have access to this at all? Thanks.

Does BATS appeal? Better business than IMB, and a comparable yield. Better chance of capital growth at GSK.

Results and restoration of trading are "imminent". There are no new meaningful adjustments, and new directors will soon be in place.
https://www.investegate.co.uk/m--38-c-saatchi-plc--saa-/rns/directorate-change/202011181801077943F/

The payment of a dividend, no matter how small, will give the company greater credibility, and should push the price up to 2.5ish. Even there it will undervalued, given the potential of the HK business. Two or three more years are required here.