Regardless of overvaluation15 May 2019 22:11
at £2 or whatever....this is an opportunistic slam-dunk to fulfil shorts at 0.7% declared. There is no evidence that Stobart will slash dividend ( again) like Vod at 40%. They already dropped 50p for doing so. 1.49 to £1.22 in 3 days on no concrete news is market manipulation via algo-trading. Just watch it happen during the day. One can read too much into valuation when it is simple profiteering. I am a holder on a loss of course. Stobart are confident of f/y profits and Ebidta and will not annihilate the dividend. They could be prosecuted for market abuse if not as it was in Monday’s RNS. I expect more share fun and games to any level before results. Merian Global will milk it. So it may be 2 weeks of pain.