Member Info for Da_Matser

@SailorBeware Unfortunately, the BoD gave away most of the proceeds from the Costa sale as a special divi, hence the £1B rights issue a year later!
Also, the recession was caused by huge QE, which inevitably led to inflation and thus interest rate rises. This is what happens when central banks put the printers into overdrive. Everything is blamed these days: Brexit, COVID, Ukraine... ...what next? There are chronic issues in the developed world.

Thanks @chilting. Here's another one from today:
JPMorgan raises Whitbread price target to 4,200 (4,100) pence - 'overweight'
https://www.lse.co.uk/news/WTB/london-broker-ratings-socgen-raises-severn-trent-to-buy-44oy0ei7zxjwwfb.html

Thanks for the ammo both. I'll have another go...

Our Nigel's at it again: https://www.lse.co.uk/rns/WTB/directorpdmr-shareholding-f47duxa8wmvxvpq.html

@princeofdarkness I hold significantly more than the prerequisite 64 individual shares in my ii SIPP account. Here is ii's response to my complaint:

"Thank you for your secure message of 9th May 2022 about the shareholder benefits for Whitbread Plc. I am sorry that you had reason to raise a complaint. 

I attempted to contact you by telephone on 18th May 2022 at 11:23, however there was no answer. I have detailed below the investigation and outcome of your complaint. As I have been unable to speak to you, should you wish to discuss the outcome of your complaint, please contact me on the details below. 

My understanding of your complaint is as follows:

·      You are unhappy we have declined your request to send you a Whitbread Plc shareholder benefit card.

My findings are based on my understanding of your complaint, so please do let me know if I have misunderstood any aspect.

In November 2021 we asked HMRC for clarification on whether shareholder benefits on SIPP accounts are likely to be treated as unauthorised payments. In December 2021 they responded and advised based on the information we had provided, the provision of such assets to a member of a registered pension scheme are likely to be treated as unauthorised payments. Following this, we deemed all SIPP customers ineligible for shareholder benefits from 25th January 2022.

I am aware my colleague Jessika advised in her secure message to you that she had logged the request for the card to be sent, however, this request was declined, Jessika sent you a further secure message later the same day to advise the reason the request had been declined. I understand you have received the card previously, however, going forward we are unable to send them.

You advised that Hargreaves Lansdown do forward these benefits to you. I hope you can understand that we are unable to comment on the policies or processes of other businesses.

Our SIPP Terms of Service (6.8T) state 'You acknowledge that any facility to receive shareholder communications and benefits may be made available by us to you only after a request from you and with the consent of the relevant company or registrar.’

As we are following HMRC advice, I am unable to uphold your complaint.

I do need to provide you with a final decision letter. This is determined by our regulator so that you are aware this is the final step within our process. Therefore, please note this is our final decision letter and my overall decision is to not uphold your complaint. "

Does anyone else hold their shares in an ii SIPP and have manged to obtain a card?

So it seems strange that PDMRs were dumping shares in November.

07/11 Nigel Jones 5286 @ £25.73 https://www.lse.co.uk/rns/WTB/directorpdmr-shareholding-o202gn93dzkdnbs.html
15/11 Mark Anderson 3000 @ £25.46 https://www.lse.co.uk/rns/WTB/directorpdmr-shareholding-ho8prk94xzjw3hw.html

Tax planning or just a bad call?

@darrenp Did you get your card? I am also with ii but they told me to whistle as it against SIPP rules. Do you have a SIPP, ISA or trading account?

Any regrets yet @Rpmcc?

No, I don't think so. Which broker you with and what type of account is it?

Good to see the Board being prudent with their appointments. Too many of my companies are top heavy with unjustified remuneration costs, which I am always out-voted on.

https://www.lse.co.uk/rns/CARD/directorate-change-li2wqldp1s7c0gx.html

This, on top of cutting the dividend to reduce debt is a far cry from Ms Hubbard's 'milk-it' 'live-for-today' attitude. If they can pull-off the growth plan, the future will be bright for CARD.

This time I've check my grammar! When will LSE allow us an edit function!?

Just be to Sutton Coldfield, W Mids amd CARD was probably the busiest shop in the town. As others have said, Clintons, which has a HUGE store had about 3 people mincing around. CARD and GRG really are becoming today's high street landmarks - often with more than one store each!

@youonly Don't forget to vote against unjustified remuneration proposals on your next voting form in April.

FM?

And another £140k today. Who’s starting to get worried?

Ka-ching!

Not huge but Duffy has just purchased 11,242 shares @ £1.769427 on the open market.

@Nick1234 Where did you get the £700m forecast from please? And is it operating profit, EBITDA, PBT or net income?

Agreed Peaky. Above my prediction. Dividend yield of over 10% on today’s price (34% payout ratio) and still not halfway through the buyback.

Looking to take market share and I’ll certainly do my bit when I re-carpet and upgrade my sofa!

@lord I bought and sold roughly then but didn't get anywhere near that return because of the awful spread! And that 10% dilution will certainly "devour divvies"

@Bill I agree with you. The metrics were far superior in 2020 and was it trading below NCAV. Way too late to be buying or holding this counter-cyclical and the falling price of gold is another nail.

I did enjoy holding this though.

Very strange behaviour by the Market Manipulators.
Oh well, I managed to top up at 118 so all's good. SCS also getting a cracking deal on the buyback.

@Peakybinder Fair play, you called it. Now 50p. And as I said, I'm now filling my boots :)

Remember, the infamous Kwarteng has vowed to push through 138 infrastructure projects as we seek to build our way out of recession.

RIP Coolio