Member Info for bakerrabble

As Adam once remarked to Eve..."Stand back, I don't know how big this thing is going to get".....seriously though apart from it going ex divvy next week and a reasonable set of results, does anyone know exactly what is fuelling this massive rise?...it has nearly doubled from 73p in April this year to £1-45 now.

Much more of this and it could get back into the Footsie 250

Certainly not the "whole idea" of the RI was debt reduction. Most of it was to reinvest in the business. Offhand I think about one third ie £200million or so was for debt reduction so they could maintain their credit rating....see the RI tome for more accurate details.

So do I, given that 3 years ago it was £4+....just glad I bought some Stobart as well which have been flying of late.I guess it must be the level of debt and competition that is holding the SP back.

Some of this rise must be attributable to the fact that it goes ex dividend next week in respect of the interim divvy

If you have a look at the Chairman's letter page 58 in the Rights Issue tome you will find...."dividend payments will recommence with a final dividend in FY2014,subject to performance in line with business expectations..."...blah blah blah...so no int divvy next year. They do say the divvy will be ..."up to 50 million" would be recommended and..."thereafter a dividend cover of 2.0 - 2.5 would be targeted".

If you click on the "FGP Financial Diary" above it will tell you....Interim results 6/11/13