Member Info for Ejackson

And the second RNS strongly suggests the Board are happy to express the same sentiment as my last post.

Really pleasing to see such collective confidence being demonstrated by those in the know and hopefully the market will now start to reflect the same.

Steady and broadly very positive.
For me, there is nothing in there that suggests the SP should have fallen as far back as it has done.

I think you are right 1GW.

In addition, I can't help but think that the SP been taken down to accommodate Credit Suisse?

Time to start delivering. Enough said.

All things considered I think the numbers are pretty good and the action they have taken in regards to the offices they have closed suggests management are taking the necessary, if difficult decisions, to maintain their position.
As an investment, I would rather be here than CWD.

I topped up slightly higher but have been somewhate alarmed at the continued slide. if I wasn't quite so committed, I would be following you 1GW as on balance I think the market is behaving irrationally.
Fingers and toes crossed we are right.

This is now either one of the best buying opportunities on the market or someone knows something rather nasty is in the pipeline.

It looks like Schroders have a bigger sofa than I do and topped up accordingly.

How does the market respond ...drop the SP by 2%

Discuss.....

Not quite sure what happened today but it could be time to have a dig around the back of the sofa and top up....

.....Copy and paste my last post from a month ago......

Below is extracted from an interview with Paul Kendrick, MD of Studio. after the last RNS.

“We have employed 70 new members of staff recently, mainly in the IT sector and in merchandising roles. Studio’s eight per cent growth rate is brilliant, and we are hoping to top this next year”

Agreed 1GW. I would have thought there would have been some more activity too.

My sense is that the market has priced in the 'steady as we go' and 'no surprises' RNS and given the Board a platform from which the SP can push ahead off the back of a strong set of interim figures in November and I would hope, coupled with a 'trading ahead of expectations' statement with regards to the lead up to Christmas.

Glass definitely half full but with each solid RNS, there becomes a sustainable pattern of a well run company going places and if we can sign off on the customer redress programme without any further contributions, together with core debt being further paid down, things really do look very rosy.

I also caught sight of an advert for Studio which looked very good indeed.

Findel’s pre-Christmas peak period has started strongly over recent weeks. Management retains its guidance for the full-year results and we retain our forecast of c 6% earnings growth. Past negatives, which have complicated the investment case, continue to be resolved: turnaround is on course at the smaller Education division, financial services redress is in the final stages and the balance sheet has strengthened further. We see no reason to change our valuation of 428p, which is c 60% above the current share price.

Good to note Heronbridge making a debut investment of just over 5%.

I would like to believe they would have done so following a meeting with senior management and drawing confidence from that. This, coupled with the weakened share price over the past few months, would appear to have made Savills a good investment case.
Sadly I am unable to divert funds in a similar fashion at this moment in time but would be following suit with a top up if I was in a position to do so.

A good TU and one that gives us a solid platform for the all important run in to Christmas.

I like how they are managing expectations with a timely RNS leading up to the interims.

It would be good to have an update on how the previously highlighted pipeline is maturing together with general sales activity.

...and it would be nice to think that news of Education having a good run leading up to the start of the new school year has reached the right ears...
I am very optimistic for the future.

Decided the SP has fallen too far to ignore a good buying opportunity so have acted accordingly.

I think Philip Hammond’s comments on taxing e-tailors (aka an Amazon tax) is weighing on the e-tailors SP’s. What concerns me is how we might get caught up in a knee jerk tax that should be aimed more specifically at an entity such as Amazon where they seemingly abuse the system without redress. On a wider view, how short sighted to potentially stifle such a growth area that is providing jobs versus propping up the high street where customers have voted with their feet over what is on offer. My market town has seen real success and support for more niche retailers across a spectrum of offerings. As a thought why doesn’t Hammond introduce a moratorium on business rates for the first year of trading and then taper it for the following say five years for businesses with a turnover of less than eg £250k. IMO this would breath life back into the high street and provide more employment and therefore tax returns for the Government allowing both high st and e-tail to sit alongside one another rather than ‘robbing Peter to pay Paul’ and prop up an out moded shopping experience.

Not quite the usual cut and paste from Jeremy Helsby but good enough given the bigger picture. Enough confidence in the pipeline to reiterate their expectations remain in line for full year and a helpful increase in the dividend to underline this. The board appear keen to want to increase their global footprint in areas they don’t currently operate in which should help future earnings not being too reliant on any one area, Asia being the obvious example and which has driven the results so well over recent years. Happy to hold but some downward pressure on the SP is more likely than not so top sliced.