Member Info for Corryvreckan1

AGM was in July, so December Newsletter looks like it.

Just to clarify as my previous post could be misleading, it’s where the company is registered that is relevant for SD rules, not necessarily the HQ location. TUI Group is registered in Hanover as well as HQ there.

Another example would be IAG where HQ is in London but it’s registered in Madrid, so no SD there either, but if it was the other way round then SD would apply.

Hope I’ve got that right now :/

Although the shares are traded on the London Stock Exchange the company is German with HQ in Hanover, so SD doesn't apply.

Directly above the 1.6% yield value quoted on here is the divi value field in which LSE state 2.1p. That was the 2021 interim divi so it's just LSE not updating their data promptly. If it concerns you enough then email LSE Admin, they are normally quite good at updating when notified of something incorrect.

Unfortunately not the best day to issue an update along with the UK retail sales announcement.

Good to see FY guidance maintained, so also still on track for the Divi to match last year. Q4 now in the hands of the macro.

IT separation programme was forecast for 2 years and had a £12.1m impact in the H1 results with more expected in H2. Programme due to complete by Spring next year so the subsequent ‘saving’, in terms of reported profit and FCF, will help offset the higher energy costs after March. Also, once complete, the IT systems are leverage for the new store opening programme.

Oil trend flipped to up from Wednesday so seem to be in line with that rather than intraday movement. And Canada SP drifted up into close yesterday so along with weakening FX that's maybe pushing UK up today.

Stay with the optimism though, it is the weekend :)

Strangely enough, ‘okay’ was the same single word description I added to my calendar beside TP this morning. I mentioned them from a broad sector read across, I’m not sure the de-merger was long enough ago to de-couple the two in terms of impact on the SP from either one reporting anything significant.

In terms of customer I think there is still some overlap. TP’s update included “some slowing of demand through the period in the smaller trade customer segment although demand from larger repair and maintenance contractors held up well.” Be interesting to see tomorrow if that slowing of demand may be due to Wickes picking up more market share through their TradePro offering - they indicated in the HY results that that was going well – or if it’s a wider problem impacted by macro events.

And Final Results on 13th December.

https://www.rws.com/about/investors/financial-calendar/

Excellent, it needed something to get going, I'm getting seasick watching the SP bounce along aimlessly.
FY guidance being maintained would be key I think.

TP update the day before may impact direction of travel, KGF don't report until mid-Nov.

It’s a useful link for quick access to some general market news. The Alliance News reports in there are often timely, although their Broker updates are very brief so the ShareCast notes are good to add a bit more narrative around them (usual caveats around Brokers sometimes talking their own book).

The Broker Ratings link above normally updates the day after the news is issued.

If you haven’t already done so then worth setting up some watchlists on here for all the shares you have an interest in, that way you can create a dashboard to get a quick view of every red dot alert throughout the day and quick access to all the forums and RNS that you want in one place.

It's in the RWS Share News section at the top of this page, red dot with a 1 in it.

Looks like a reaction to Canaccord Genuity downgrade today - seems to have spooked the market/investors/their customers, heck it's probably even spooked other spooks and it's not even Hallowe'en yet!

It's not in an RNS and it's not from the London Stock Exchange. It's just a media report from PFC.

The spread quoted on here reflects all the MMs prices, but some of them won't yet want to engage with where the current action is happening, as per the numbers Stas20 quoted, hence the outlier prices on the bid/ask. You can also often work out where the real spread is by looking at the list of trades on the link above (ignore the buy/sell column as it can be misleading).

I'm not with iweb but surprised to hear your trade not showing up as I understood that all trades should be published direct from the market, not from the broker. May become late reported and appear tomorrow?
I have next update as HY results c.9/16th Nov so not too far away :)

Nominal value is £0.000010
So 150% of NV is £0.000015
Suspended SP is £0.000160

Not expecting an Oct update this year as the 9 Sept update included:
"The Company will provide a further update when the FY23 Interim Results are published." - due mid Nov.
Agree this should be higher over coming months.

A bit more info on the buy/sell discussion:
The stock market never reports the direction of a trade - whether you are buying from an MM or selling to them - it just reports it as ‘a trade’.

The Buy/Sell section on this site, and many others offering a similar service, is just running a simple algorithm to compare each trade price to the mid point of the reported spread at the time of the trade. If your broker got you a price below the mid point of the spread then LSE will display it as a 'sell', if above it displays as a 'buy', if bang in the middle or late reported then it's normally 'unknown'. It's just a guess/indication that works some of the time but by its nature is of limited use.

Looking at the trade prices instead you can often work out where the 'live' spread in actual operation is.

They will be published at 7am tomorrow, per HSS website.

https://www.hsshiregroup.com/investor-relations/financial-calendar/

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