Member Info for Corryvreckan1

Well it's just tagged the long-term support/resistance line at 784 and seems to be trying to bounce off there. That needs to hold, as the next step down is possibly the long-term uptrend (dating back to 2016) which is currently at 710. The base of a more recent downtrend that started in January this year actually crosses that uptrend at that same point. Don't see it falling that far myself, but convergence of different trends often lead to key inflection points.

I now await the market mocking my feeble observations :/

Better still to read the RNS which are the official announcements from the company themselves.

And it's a shame that Halford's IR are as unreliable as dividendmax and haven't kept their website calendar up to date.

At least dividenddata have the good sense to state "As of 13 Jun 2024 no upcoming ex-dividend date has been declared" which is entirely correct at this time. The dividend should be declared in the Results RNS at 7am on the 27th June, the same way as it (nearly) always is.

I wonder how much voter fatigue is starting to impact on polls/surveys etc., along with the easier availability of highly polarised social media. There seems to be so many 'events' being covered now, and so many media outlets looking for vox pops to trigger 'views' to compete with social media, that voters/public generally are just tired of it all. Even the BBC News website has long since turned into a click-bait magazine full of errors and constant updates, IMO.

I maybe had a relevant point in there that got lost in a rant by the end :(

Four months is a long time in terms of stock market volatility (the share price fell over a third in the last four). TU in July and HY results for the market to consider before October - need to see that they are hitting the revised 2024 growth targets and any corresponding impact, up or down, on margins as a result, plus an improvement in the macro environment (see FY24 guidance section in the last results).

The London listing structure also looks like changing (in line with recent consultation) before October, so would need to see where they best fit into the new structure once the details are finalised by the FCA (July indicated). They may decide to stay in the second tier a bit longer as there are additional costs and regulatory requirements that come with moving up, so no guarantee that they will in the short term.

Inclusion in the FTSE Indices would be in December at earliest if they do move. Not certain to re-rate upward even if they did - many companies drift down after the event and there can be manipulation to generate price points. It is never as clear cut as saying tracker funds will cause a re-rate and none of that will matter unless the fundamentals (hopefully) support it.

Nope, complete fail by them. Again.

See my post two below.

I think Investing.com are reading that UT wrong. They appear to be including the 20m of late reported OTC trades in their 22m, look like II transfers mid afternoon (see trade link above). Stock exchange also showing 31m total vol including them so still quite high regardless. Crazy market today ahead of macro news tomorrow.

Market wide drops today, risk-off ahead of important data tomorrow (all UK times):

UK GDP 7am; US CPI 1.30 pm; US Fed Int Rate 7pm (spoiler alert) - it's a hold, the presser and dot plot afterwards more important.

That's dot plot, not losing the plot, although maybe...

I would add that their previous TUs for the AGM are generally more detailed than many other companies offer at that time.

Also, if they don't issue an update by RNS prior to the AGM then they cannot discuss anything material that is not already in the public domain during the event. The Q&A session is generally more to clarify any points that are raised about things in the accounts, or corporate governance, forward guidance, etc.

They wouldn't include an announcement in the AGM agenda, but if you look at previous years they have always issued a fairly well detailed Trading Update at 7am in the morning of that day. I fully expect to see the same again this year, particularly with the new CEO as Alnwick points out.

These are fairly standard resolutions in company AGMs, but need above 75% to pass rather than the usual 50%.

18 and 19 allow the company to allot new shares to raise funds direct from institutions or other third parties without also offering the new shares to existing shareholders (you have a pre-emptive right as a shareholder to be treated the same for any new offers, these resolutions remove that right temporarily). There are good arguments both for and against this happening.

Res. 20 is to allow the company to purchase their own shares in the market place, e.g. a share buy-back you will maybe have seen many other companies doing recently, if they ever had sufficient cash to do so etc...

They are on the AGM list every year and get passed every year, and the same applies to hundreds of other listed companies with very similar worded resolutions every year, so I wouldn't worry too much about them. If you are curious though it may be worth looking into the reasons for and against the pre-emptive ones, it's an interesting part of market dynamics for geeks like me ;o)

AGM started at 1pm, no RNS in advance means that nothing new that could be considered material or market sensitive could be discussed.

Expect to see RNS later today or tomorrow morning to say that all resolutions have passed, and that’s all.

And then we move on…trading update 24th July, in the absence of any other news in the short term.

The different figure for shares in issue on those Aquis pages looks like it's just a historical anomaly, LSE not updating their database for those pages since Dec 2017. The market cap of £25.60m stated there is a database calculation based on that number of shares x current share price on Aquis, so it's always going to be wrong.

It happens a lot on this website where things don't always get updated, particularly on the non-mainstream pages. You can safely ignore it, or email info@lse.co.uk if you can be bothered.

Https://www.lse.co.uk/ShareTrades.html?shareprice=CRTA.GB.PL&share=Cirata-Plc

JPM are not short 1% and never have been. And they won’t be quivering, while likely already in substantial profit, based on the contents of an article in the FT that has been widely misquoted out of context on dozens of these forums this week.

I'm posted this on this thread in the hope to now end filling up the board with a nonsensical header. Maybe start the next discussion with a more relevant and factual header? Just a thought, ignore as you please.

The strategy is to pay "a modest dividend whilst seeking to re-invest the majority of cash generated in growing the business" (quote from FY results). So that's the business model, not dissimilar to many other companies at this stage in their growth trajectory, and I think it's well understood and already factored in by the market.

Share price grew c.50% in just six months recently, broadly in line with many other well performing companies in the wider market. I think the reversal in the last two months is more to do with wider macro sentiment, results and comments from peer companies (in between updates from Jet2 so nothing here yet to counter them), and the pushing back of when rate cuts are likely (vs the absurdly optimistic suggestions that triggered the broader uptrend at the end of last October).

Compare the easyJet chart for the last year to Jet2 and it's very similar. For broader sector comparison then Ryanair, Wizz, Tui, OTB - all have similar themes in their patterns (once you strip out any 'noise'), so I don't personally think there's evidence to indicate it's down to Jet2's dividend policy.

Yeah, bit of a nothing update really. “Comfortable” with expectations is down there with ‘resilient’ as words I get twitchy about in an update.

Got my eye on DGE as well to see if last week’s bounce off the long term uptrend base has any legs.

Ha! Very good, bruce, although I'm concerned that your point of order amused me far more than perhaps it should've ;o)

@hubster1 - Broadly, your shares are usually treated as 'fungible' and you could then ask your broker to start the 'cross border' process (or similar), which is arranged through the custodian that holds the shares on their behalf. For a company this size it is likely that that process will automatically be put in place by custodians and your broker should then contact you to notify that you have the choice to either sell in the UK before delisting, or ask them to complete the cross border for you and then you can trade them on the other exchange (assuming your broker offers a US trading facility, maybe not all do). There may be a fee for this process.

But specific details will be issued weeks/months in advance by any company considering that, plenty of time to go through it all if it was to happen.

The actual transfer of the shares should not have any immediate tax implications (that I know of), but it then depends on if you choose to sell them before/after and where you hold the shares (so possible CGT). Also, if they then pay future dividends (yeah, I know, don't go there) in USD it will have different tax implications at that time. But tax is variable to personal circumstances so I'm not going to comment further on that.

I think any details on Q1 and also the promised summer outlook will be key, last year's results already trailed as being solid and middle of expectations.

They have followed a similar pattern to previous years with a trading update in April ahead of FY results, so not expecting another update before then.