Member Info for Da_Matser

My bad. I thought the £1.3m was the difference between the consideration price of 84.78p and the 'guaranteed' price of £1.25, which we already knew about.

Having run the maths I can see that it is indeed the difference between 36p and £1.25. So I'm not sure why CRL did this when they used the shares in good faith at 84.78p. Seems the Emma Hardie sellers have had their cake and eaten it.

It was a badly worded RNS as the £1.3m was in the paragraph relating to the original agreement.

So apologies to all and thank you shadypants2 for shedding some light on this badly put-together RNS, which I am sure was absolutely not intended to mislead us. Either that or CRL have dropped a major b@llock with their calculation.

@schwee Earliest the Board will consider recommencement of dividend payments is January 2024.
Slide 12 of today's presentation

Nice to see the Chair and a non-exec dip their hands in their pockets

https://www.lse.co.uk/rns/MONY/directorpdmr-shareholding-a34mkgeag4um2pt.html

£4??? Oh, I have sympathy for him alright. Poor chap.

They have grabbed back the 1.6m shares they used to fund the acquisition at 36p (they used them at 84.78p), so that's a bit of good news - albeit they will be held in treasury rather than cancelled.

They have also now paid the £1.3m penalty for the SP not reaching the forecasted £1.25 so all done & dusted. Let's see what Bernie and the team can do with the brand now...

https://www.lse.co.uk/rns/CRL/update-on-emma-hardie-trading-in-own-shares-tvr-56he5t6e3qg5n9k.html

@Manfor What are you smoking?

Tony,
The fund is denominated in USD whether you buy RMAU (USD) or RMAP (GBP) so you need to take into account the FX effect. That said, the net result should follow the gold price in GBP but we could be paying FX fees.
I will look into this when I get chance and report back. Thanks for the heads up on this.

Looks like Stadium are not sliding away as quietly as they'd hoped thanks to the neurotic MM's.

If management only buy 18,733 shares per day, they'll never spend that £7m down at these prices. Have they not heard of dollar cost averaging? I think I'm buying more than them.

As comprehensive as usual. In line with market expectations. They have no idea what my expectation is.

Probably so they can now sell heavier without any further RNS alerts, thus somewhat protecting their sell price.

Gary bought in at 10:20 today @ 1868p

Do China not fabricate?
Perhaps someone else can offer a reason for the recent rise & fall in SP?

Going back a bit now, but can anyone explain Jason Honeyman's partial reversal on his sell late last year:
22/10/2021 Sell 4364 @£31.82
29/11/2021 Buy 3373 @£31.61

Tax reasons?

Jefferies cuts Severfield price target to 101 (108) pence - 'buy'. Well a quid is fine by me at the current price.

For anyone still wondering about the recent SP boost, I believe it is down to China's current rationing of energy due to their heatwave, which will hit China's steel making capability.

AIM:RFXR Ramsdens

Used to love 808 State :) Had yank-style plates on my MG Metro with "808 State" as my chosen 'state' on the bottom.

Sorry to go off-topic but have been topping up last few days, hence checking the board. Looking forward to the interims...

@Christopher1955 Interesting that your very first message on LSE is to recommend a strong sell. You don't say whether you have just sold or indeed if you were a holder previously.
You are obviously some kind of good samaritan that registered on LSE just to warn us naive folk.
Thanks but no thanks.

Look at the trades. Overwhelmingly red :(

Badflaw (how apt),

You profess to have gained your knowledge from The Naked Trader, but all you do is quote his newsletter and follow him like a sheep.

I am sorry, but sitting outside a Card Factory shop does not constitute robust market reseach and predicting performance. Any in case, my local shop is continually rammed and the staff their provide a very positive trading update whenever I ask.

As Lorenzo said, this is not a highly leveraged company at all. Look at their net debt (yes net of any long term lease liabilities) to EBITDA. As Lorenzo also says, considering lockdowns, they have paid chunks off the debt - something Ms Hubbard never dreamt of doing as she continually milked it dry. Since her departure, the BoD have been prudent by suspending dividends and building the balance sheet. In FY23 you will begin to realise the power of this cash cow - one that can happily raise their budget prices to combat inflation as proven by their testing.

If you think greetings cards are dead - or sorry, no, that was the newsletter talking? It's difficult to know if it's your opinion or copy & paste - you are hugely mistaken. And since 'you' mention MoonPig, every time a MP advert comes on the TV or radio I rejoice as it promotes the general giving of greetings cards - not that cards are CF's only offering, of course. Does your mate know their full offering including balloons, which are booming?

I have a checkilist that I run through when buying a stock. I will not be divulging my research but would say that it is based on fundamentals largely centred around price ratios and leverage. Yes, I dabble with technicals when topping up or taking profit, but it is always on solid fundamentals with a company headed in the right direction.

Short who you like, but some friendly advice: DYOR and don't copy a portfolio or newsletter.

Not had a proper look, but at a P/E of around 25 for erratic earnings with an horrific balance sheet, if WTB put in a bid, I would be selling my WTB faster than you can say bankruptcy. If I wouldn't own them directly, I certainly don't want to own them indirectly. Add to that the question of funding the acquisition...

I would obviously take a proper look at SBUX's balance sheet first to see if something like IFRS 16 is at play and whether synergies really could produce perofrmance greater than the sum of their parts, but at first glance, it's a no from me.

Two wrongs don't make a right.