@Chelwood @Leas Gents, totally correct, we all get things that do not go as well as hoped but there is nothing to be gained by constantly posting how fed up one is, it is rather tedious for current or potential investors who wish to swap ideas & perhaps test them against the opinion of others. Buying shares is never a guaranteed way of making money, sadly some seem to think it should be.
@leas Quite agree, I came into this stock earlier this year for exactly what you wrote, additionally I wanted something that could act as a counter balance to other, riskier, shares. The divi on the assumed "flat" numbers is around 4% and a lot better than a bank deposit. If people want higher risk there are plenty of choices, but whilst nothing is zero risk this has to tick many boxes in reducing ones overall risk. People expecting to see £3 or so straight afyer the numbers were surely dreaming, a stock this size is closely monitored by professional investors for their funds and priced accordingly.
@Fairdealer Can't agree more, the more rules & regs they introduce make it harder & harder for pubs to make a living for their owners/tenants in normal times, let alone in a pandemic. Why indeed were we vaccinated, or do they suppose that we are all now a nation of bed wetters ? For that is how we are being treated, for sure.
@phylshyn You could well be correct as there were a cluster of trades at that time, but are HL always so slow in re-investing divis ? Pay date was over 3 weeks ago, March 18 & i-web re-invested mine on the 19th at 267p, they sometimes even re-invest on the day the divi is paid.
@eccles Agree that this wasn't entirely down to split, company at present is in a sweet spot especially with freetrade being floated apparently at double the cap of JIM, which has a well established customer base as opposed to freetrade. I suspect the family (BoD) saw how well things were going and went for the split to maximise the price rise likely with their trading. I never understand why people like buying cheaper shares at higher prices, but that is another matter, splits do seem to work.
Rudolph You are probably correct, certainly sounds like it. I took my numbers from the accounts & probably made a 30,000 slip up as I didn't read rhrough the notes. Interesting that you say about IHT eligibility, certainly something that the family owners would be most keen to retain....
@eccles My guess, and it is just a guess, is that the share premium, which can not be distributed will come, egm permitting, to us as a special divi. In the Dec 2020 accounts the shares held in treasury were about 30,000 less than the number sold today, so it is another reasonable guess that they added to these between 31 Dec & now, hence the very odd number that they sold, so it was effectively a placing to PI's as their institutional base is very thin, as we have discussed before. The accounts say that the company only needs so much capital and any excess it disposes of via a special divi. It could be that when they know things are going well they use the excess cash to buy in shares on bad days ? Stressing that this is pure supposition on my part I can think of nothing more likely than the above based on what little we have been told. Bearing in mind the family members have a v large stake in the company perhaps they fancy some cash ? What do you think ?