Member Info for Divhunter

Interesting that there's been no trading update since November. Full year results due anytime now. With the share buyback continuing at pace even with the small recent rise I reckon they're holding back the good news as long as possible. Anticipate strong full year results & an increased dividend and rising SP.

RICCA private placement

Size of the Offer (before costs) A$7m / US$5m
Offer Price Per Share A$0.175
Existing number of Shares 145,352,664
New Shares to be Offered 40,000,000
Total Shares on Issue after PP Offer 182,352,664
Market Capitalisation Up to A$32.4m

From Ricca half year report released on 31 March, "The Company is currently finalising the recent pre-IPO private placement and is working towards its admission to trading on the ASX, on track for H2 2023. " Pre IPO private placement was at 0.175 aus dollars in Feb/Mar.

Yes, I think 320p minimum if an offer were to be considered here, just based on last year's rejection.

I wonder why?

"The Board confirms its intention to maintain payment of the planned interim dividend of 1.4p per share, as announced as part of the Company's interim financial results on 4 May 2022. Beyond the impact of the McColl's administration, underlying trading continues to be in line with expectations and, given the Company's on-going cash generation and strong net debt reduction, the Board continues to expect to be in a position to recommend a final dividend for FY2022 up to the full distribution permissible under the Company's current banking facilities (£10m per financial year), for payment in February 2023."

248m shares in issue, planning to pay out £10m in dividends for the full year. 4p per share. Interim divi set at 1.4p, record date coming up, expect final divi to be 2.6p. If I'm right that's a whopping 12% return on today's SP for holding for the next 7 months. 4% nailed on for holding until 9th June. Sustainable? No. Short term gamble? Worth the risk. Opportunistic buy now, take the profit if it rises beyond 40p.

Must be that one sentence "- Business conditions worsened in the final quarter of the reporting period." Nevertheless I've added at this price, hopefully bottomed out today!

Actually lost more than 20% since the turn of the year. I'm adding on weakness so I'll be well set when it eventually rebounds or somebody comes in with an offer. Long term although I will take a bit of profit when it gets back to 250p if they don't reinstate the divi.

Finally back to my entry price and wishing I'd had the confidence to add more on the recent dip. Only one way now I think with these results and the dividend hike.

134. It will peak Tues/wed while Divi is being reinvested & then fall back to where we are now. As for why sell when it's trending up, well it's about calling the peak. Never get it right but I see more upside elsewhere. Keep the core, gamble with the excess.

I buy & sell in tranches of £2k inclusive of costs at £7.99 plus stamp duty. Only do it when there's excessive movement in opposite directions. My rules are that I have to increase my holding in one or both without using any capital.

Well I've sold a few today & I don't consider myself a mug. Having sold a few PFC at 151p to increase my holding here recently I've now returned the favour here to buy back in to PFC at 117. With no excess capital outlay I'm now the proud owner of 102 more VOD shares & 366 more PFC shares than I was earlier this year. That'll do me & if they keep on moving in opposite directions I'll continue to reduce & add accordingly whilst keeping a core hiding in both. Be interesting to see which has more upside in the next few weeks, could go either way. JUP by the way has been a bit of a disappointment so far since I got in at 260p, might have to do some trading there.

The share price will peak for those reinvesting the divi in the next 3 days or so, then fall back. My divi is staying firmly in my pocket for a while or going elsewhere if I see an opportunity. Experience tells me this is not the time or price to be adding! In fact I may even cash out a few if the rise continues towards 140p.

No problem here. It will soon be back up & divi is safe. It fluctuates, just time your buys & sells or buy & just hold. Capital invested may fall from time to time but will always get back to where it was.

Finally! Been a long wait for the good news but my biggest single holding just got bigger! Let's get back to where we belong.

No RNS showing here?

Doesn't really matter whether you're in profit or loss here. If you're holding, there's absolutely no point in selling unless you need the cash or know of somewhere else where you will get a better return. Trading in the expectation of a fall & buy back will cost you. The momentum is up.

I'll take a pound for each RICCA share anytime Oscar747, I think 12 months might be a tad optimistic!

Interactive investor have given me my entitlements in my trading account, ISA & SiPP. That will be interesting when they have to transfer them out & assign a value! I would expect the nominal value of 5.48p per share that I paid for the offer shares to hold until they list.

II also saying that RICCA has said it has no intention to list in the future & as I read it no entitlement shares, just an "open offer" to buy 1 RICCA for every 8 held. I think they have it wrong, must challenge it.