Yes, I guess that can be classed as improvement, we just need to see how the bottom line looks like however that will only happen at the end of March.
I strongly think something drastic will happen before that. It might just be me with my tint foil hat.
JG68..... I know we sound paranoid...It just makes sense more than anything else.
It might be because we have both held this for a while and we are in quite heavy, and on top of everything we do not see any improvements.
I guess we have to hold this for a lot longer.
JG what is baffling is that they give a dividend just to take it off 6 months after.....then they provided an earnings date just to cancel it 2 weeks after. They must have known what is on their accounts...I don't know it just looks like there is a hidden purpose as I don't think anyone can be that much of a f up.
Maybe is just me however it all looks planned.
At this point Garat is just Cosmens puppet, they run the show.
I just want to see if they increase their stake in the next few weeks.
I think they will keep buying to avoid a low ball offer as many other uk business did.
I have a long time view however it is frustrating having one bad news after another ....it's exhausting and it just makes you wonder how bad can they be at running this. It's not that hard, if you are that useless just copy what FGP as that shows you its not all about the macro.
Anyway......just a long wait now....still adding slowly.
There are not a lot of share floating around anymore just by looking at the volumes in the last few weeks.
To generate more sells something needs to happen.
lets say that Cosmens want more share....where are they gonna get it from???
Guys...seen this before.
don't you see they choose to make this announcement just before earnings...either Cosmens need to buy a lot more at a lower price or something is in the works regarding a takeover.
Don't panic...
It all depends on your time horizon. I will keep my shares unless something drastically bad happens.
I don't think the share price will jump to much as nothing major is gonna change....I just want them to meet their lower guidance and give a decent outlook form price increases. Definitely not a dividend and maybe an outlook on how the sale is taking shape. They disappointed quite a few times so I don't know what to expect.
I have kept adding, will see if it was the right decision.
Good point Poker and if I was wearing a a tin foil hat I could say its was all planned to announce it and then cancelled it to lower the share price for "someone'' to buy around 10% however it is all speculation isn't it.
Even the profit forecast....you can announce something and declare something completely different blaming it on the macro or fuel or weather or the price of coffee beans.
We don't know what is going on however what we know is the numbers and they do not show any improvement and I doubt they will show much on this earnings.
I hope I am wrong.
I know what FGP did and that proves they are managed better.
MGC could have done the exact thing and just don't issue a dividend as it is in our detriment anyway and all of this this just shows the difference between a good mgmt and a crappy one.