RE: Spanking of the SP15 Feb 2018 09:53
I lost a fortune when HMV declared that profits were marginally down and I left my money in for the 16% dividends.
Simon Fox slightly understated that position back in 2006
"HMV, which owns Waterstones and Ottakar's, said this morning it expects full-year profits to be at the bottom end of City expectations, which currently range from �69m to �86m.
Last year the group made �98m and the year before that, �131m."
Muggins thought the dividend would fall but would still be better than bank interest :O(
That was a FTSE stock and one of the early failures , TLOU are on AIM so potentially riskier , but are a different kettle of fish (or foxes) until Amazon can download electrical megawatts down a broadband line. I was shocked by the sudden drop in price until I saw the RNS which changed very little - a two horse race remains a two horse race. Moreover the horses are at level weights despite one horse being a Group One winner. I have topped up but I don't blame people without my faith in Tony Gilby for trying to safeguard as much of their money as possible. Imho they are passing up good odds but they can place their bet later when one horse is massive odds on for a smaller return..