Member Info for busicat

£2m MOD contract announcement deserves a bit more excitiement than shown so far?

Leak?!

Anyone see this going lower now we're at lowest for the year?

Seems surprising with interest rate reductions coming along.

UBS taking stake >5% supplies a crumb of comfort.

Div. beats expectations then. Up 9% vs expected 6% (...in HK dollars at least - in pence we'll know 9 Oct, depending onthe exchange rate then.)

"analysts expecting around a six per cent increase in payout to the equivalent of 17.5 pence a share."

Whereas HK announcement says "First interim dividend of 6.84 cents per share (2023: 6.26 cents per share on an AER basis), up 9 per cent" ...

£7m paid at 673.4 when the offer shown was 671 bolsters my hope the upward trend will continue from here.

23-Aug-24 09:08:06 673.40 971,873 Buy* 670.60 671.20 7m

At 10.7p div., price seems to be holding well so far today.

Turning point to commerciality?

"All these actions support our core objective to ensure we close 2024 with a secure balance sheet and a strong contracted order book of business to drive sustainable profitability and cashflow."

"Ready to scale with balance sheet strength". Pleasantly surprised.

New contract worth £123k sounds good to me

Interesting jump again today, on just modest buying seemingly

Something up here?

£80m gross at 120p after institutions oversubscribed sounds good to me

...and we still haven't touched the average price paid (14.8p) by the Chair pre-close period for his £48k top up.

Yes. Buy + sell prices converging also a good sign.

Brilliant - thanks for reporting on this Andii!

Quite so, MKS :)

I'm happy with this.

But 231p is obviously with us again today. No doubt broker cuts today have contributed:

Goldman Sachs cuts ConvaTec price target to 300 (310) pence - 'buy'

RBC cuts ConvaTec price target to 305 (320) pence - 'outperform'

Barclays cuts ConvaTec price target to 320 (325) pence - 'overweight'

JPMorgan cuts ConvaTec price target to 290 (323) pence - 'overweight'

Jefferies cuts ConvaTec price target to 285 (315) pence - 'buy'

Also it's subscription only :(

Big buys from 14:18 onwards seem to be giving this a lift. Doesn't look like we'll be seeing 231 again today. :)