Member Info for Couerdelion

Probably time for them to leave. As the MKS board we expect as much from the contributors as we do from our stores and the quality is simply not up to scratch with some. I reported the last offensive post and suggest others do them same so we can clean up things around here.

I was following the SP down today in the hope I might have the chance to pick up a few cheap sausage rolls next week. PE multiples of 11x are ridiculous.

Belief that the SP reflects the value of the business is a simple mistake to make. It is simply what the "average" buyer will pay for that share now and you can speak to former tulip owners from Amsterdam that things don't always pan out how you expect them to.

For the record, it's probably a bit more accurate now.

Oh that's great. Now we are going to get a never ending stream of posts on Monday (and before). Just be happy it comes before the rain.

I was assuming that the figure for tax losses was something to offset against future PRE-TAX profits and BEFORE any taxes were calculated. Is this not the case?

Be careful what you wish for. If my reading of the JOG valuation is correct, a sizeable piece of this is in the tax losses which would fall in value if the EPL were reduced - though admittedly not by too much if it were scaled down a little.

Please note, this is not a view on the tax regime or the EPL itself, simply how it might affect JOG.

I think most investors here are confident that the dividend is supportable and I won't expend much effort trying to convince those unfamiliar with the likes of LGEN, that a 6%+ dividend yield is a not a flashing red warning sign. The company generates healthy cashflows and the business needs are such that can distribute most of this as dividends and buybacks.

For LGEN, the buyback volumes offer an extra layer of comfort. If circumstances were different they could redirect those funds to other sources whether that be some sort of investment or perhaps debt reduction or just to replenish solvency coverage after a market shock. The dividend is likely to be further down the list of "efficiency measures" here and even then one would suspect any cut to be short-term. But enough of the doom and gloom, these are just contingency measures that exist across the industry.

How does TEK give you a "multi-shot" if its SP doesn't reflect the value of the subsidiary companies? SALT represents a major part of the TEK portfolio and you should expect TEK to rise when SALT increases. It's as if shareholders in TEK don't believe it makes much difference to them.

Unless the "news" propels the SP above 4p, I'm not selling none of my shares.

More likely it's just trading factors and most of the sub 3-3.2p sellers have sold down

Having said that, I've now moved to underweight here after the DY dipped below 4%. Gives me a little powder for any dips.

Looks like a break out here.

Feels a bit of a drastic decision there. While the price might be at recent highs, it's still paying a fairly generous dividend which you can supplement through some "buying on the dips" for a healthy double-digit annual return.

This is an encouraging start to October. Well on course for returning to 250p ahead of the results.

I must try to get up to London for this. Anyone else thinking of going?

I think both companies that I mentioned have a sustainable dividend so I'm not worried about that - cash generation being the key metric here not earnings. In addition, the LGEN buyback alone would support a 2% dividend increase because of the reduction in share count while PHNX dividend has to come from increased earnings.

I think a large chunk of the reduction in costs will have come from the launch of GNIP who will have taken staff previously employed by TEK to perform that work in-house.

Could be interesting watching the SP today.

I'll take the dividend uplift over market sentiment. Not really interested in the share price movements when you can sit on the shares and collect the dividend instead.

Rather brave of you to be trading here. You need over 5% profit just to clear the bid-ask spread.

Anyway, my slice of profits sold at c122p, got put back in at 102p and there's some more waiting if this continues to fall anywhere near the prices we saw before the new contract RNSs.