Member Info for bendipa1

It's a heck of a lot more than the ex-div drop. Just prior to the ex-div date they closed at 537. The div was 9p so you could expect a 9p drop the next day, but strangely they maintained the price on xd day. However, since then they have dropped savagely, currently 22p down since pre-xd date.

As I've pointed out before most high-yielders end up losing investors a lot of money, and this 'little gem' is no exception. High yielders are invariably a very bad idea. That div cut will come...eventually.

'I've risked at top-up at 81.7p because I have a 3-5 year outlook and don't want to accept I've got this one completely wrong.'
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The thing is, if you know deep down you made a mistake, then why would you throw good money after bad? I don't believe STRIX has levelled with investors yet. Eg in today's statement:
'. . . anticipates adjusted profit after tax for the full year to be approximately £23m'. NB adjusted profits. If you look at p/y PBT, you will see over the last 4 years £24.13m (2018), £22.88, £25.45m, £21.51m, and now for this year they forecast £23m. So it can't be the profit forecast that's spooking the market as this is hardly a profits warning. So there has to be something else, some other skeleton in the cupboard that they are being tight-lipped about.

We know the shorters got wind of it as early as January, and they've been proven 100% right. So I'd keep a close eye on the shorters now. If shorting increases, you will know there's even more bad news to come.

Looks like that 115p open offer will be a total flop. I can't remember the last time something like that would have occurred so vividly, certainly not in the last decade or so.

The BoD is starting to make some serious misjudgements. I just hope this isn't a precursor to them screwing up everything completely, after what has been a long period of a well-run company, because I've seen that kind of scenario occur as well; RTN - a classic example, SAGA another one.

RWS sp near a 6 year low which is odd considering they haven't put a foot wrong since they went public. However, like many other AIM and small-cap stocks on sky-high values that have been very over-valued for a long while, there's now been a harsh re-assesment, and many have been knocked back as well, regardless of performance. The Cannacord downgrade has simply added fuel to a fire of negativity that has undermined the performance of RWS sp that has plunged over 50% since the start of the year.

Sunak should have been PM. Full stop.
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Absolutely. He was far from perfect also - £5.28bn lost in fraud claims for furlough scheme - although I don't blame him entirely for that. But at least he has an understanding of economics and financial affairs. He was the outright choice for the Tory MPs, but not Tory members, most of whose brains seem to have turned to mush.

I blame the likes of Robert Pessimist and the BBC (British Broadcasting Communists)....
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Aw, right. This is is all the BBC's fault, lol!

Not too sure if your tongue was in your cheek when you posted that.

The sp is certainly more volatile than I've seen before., and on medium volume for Strix (just over 850,000 shares traded). 148p seems to be the support level for the time being as the sp has already bounced 3 or 4 times over the past few weeks, but these bounces don't last long. I would not like to call this atm.

Yeah, well those buybacks are sure working well for GNC. As I suggested a month ago, it's a waste of time and valuable resources as most companies who indulge in this practice tend to find out in the end when they are much poorer.

Don't know what you mean by 'summary - too vague. I don't think this share is going anywhere fat, and sold half my holding today. Didn't realise at the time that it was xd, so little bit of a bonus as well as a profit.

Not so sure about a 'bear trap' .

Chart now shows a double-bottom, which normally would indicate a strong recovery. Nothing is certain in this game, but barring a serious fall-out from Wall Street, I'm a bit more optimistic. Wall Street has proven surprisingly resilient so far, and Evergrande still has not officially gone bust, despite all the financial forecasters predicting a Chinese meltdown.

"The damage inflicted on the country, the entire UK, is a direct result of electing politicians who are in thrall to billionairedom. . ."

Which is why I firmly believe that being given the vote should be a privilege rather than a right. That may sound anti-democratic, but with so many nutjobs and ignorami out there allowed to vote, who haven't got a clue what they are voting for, nor the possible consequences, then I think it's time the public have to take some psychological/general knowledge test before they are allowed to vote. After all these moronic voters are putting our lives as well as their own in possible danger.

"Peaky you keep banging on about debt, try looking at Vodafone"...

Yeah. just look at VOD - a company riddled with debt, and an sp less than half of what it was valued at 10 years ago. Not to mention their over-generous divs that they could ill-afford to pay, so in 2019 they were forced to slash it by 40%, taking it back to the level of payout 12 years ago. And they can only just afford the level of div they pay now.

tinyurl.com/3jpv66t6
https://www.dividenddata.co.uk/dividend-history.py?epic=VOD

Sold half my holding today for a tiny loss. Should have done tis a whole lot sooner, but DUKE is now looking vulnerable, with a likely div cut to come, probably some time next year. If the sp falls through 30p we could be looking at 26p for the next hurdle.

It's notable that the sp is now some 14% below the open offer placement price last May, when the directors forked out biggish sums at 35p/sh. They must be starting to wonder whether they were wise to do that.

And then we're not.

It's got to break 4000 yet, and during this recent rally it's had several attempts and failed each time. However it does look like 3900 is the base for the time being since it's bounced from just below it convincingly.

Pretty feeble volume so far,43000+ shares. I'd be a lot more convinced by this surge if we were seeing 200,000+. Still, happy to be holding for the moment.

690p is the next target, if it's to get anywhere near the 800s. Long, long way to go even from here.

However it is the first time in a year that PAY is starting to show any real strength in its sp. But it's early days, and we all know what happened once the sp got to nearly 750p last Nov. I'm not holding my breath because it's all too a familiar story, and likely to be repeated IMV, unless the next set of results are unexpectedly good. Definitely a hold though.

". . . the SP sharp moves are only due to VC CF"

Whoever/Whatever VC CF is???

Despite some big lurches we see in the sp in day to day movements, basically PAY has gone nowhere in months, despite a noticeable steady uptick in the FTSE.

It just cannot clear 600, and as usual it just continues to underperform which seems to be the case with most high yielders I'm afraid with few exceptions, high yielders over the years have proven that they are a sure-fire way to lose your capital slowly, or sometimes quickly.

That's nonsense. I would say most companies that embark on share buybacks find that it doesn't help the sp in the long run, as their businesses are fundamentally weak , stagnant or suffer from bad management. That's why they turn to share buybacks, as they are out of ideas on how to improve the eps. ULVR is currently a classic case of that. Their share buyback scheme has done little to help the sp which is over 20% lower than it was 3 yrears ago.