I decided to get in if it went below 400 again, which it did at around 3:15. Tried buying with H*L eventually got an offer after about 20 minutes of trying for 469p, which I accepted. Now I have no idea how long to hold these for!
The standard behaviour would the SP follows close to the NAV, so £1100, £1200 at a push? The dividend is about a month away, and under 2% at these prices. LTI doesn't appear to have a standard behaviour.
I was expecting the SP to pop up after the Unicorn buy was completed, but it seems to have fizzled, the 99p buyers taking their profits? I think I’ll keep my position for the dividend.
We wish to express our gratitude to all of our colleagues, who have achieved a huge amount during the last year to give XPS a strong platform from which to grow organically and inorganically. The Board expects total revenue growth for the Group of mid-single digit percentage in 2020 with Pensions broadly flat and other divisions showing good year on year growth. Exiting the discounted TSA early and bolstering central functions will benefit the Group operationally but will cause a cGBP2m per annum step up in the cost base. In combination the change in the mix of business and the one off increase in central costs is expected to temporarily impact the growth in profits for the next 12 months.
The Group has traded in line with these expectations in the first two months of this financial year.
Yeah, 1st Port. I only recently moved my Group PP to a SIPP and started playing with funds but left a bit on one side to play with interesting movements like this.