Member Info for ftseexplorer

This has now dropped below the £1.22 odd that the directors waded in at so I am tempted to make a top up. There's c. 20% margin here based on recent highs!

That was my thought too.

I would have offloaded the Dowlais shares over the Melrose given the FCF forecast over the coming years! Suspect he has his reasons...

I don’t follow them as such but it was merely a personal observation. Undoubtedly, Begbies is a more rounded business so if administrations remain below pre-pandemic levels then as I say we should be better placed.

I remain a holder and have an average below £1 so I’m happy to take the yield at the moment and feel my capital is pretty safe.

I actually agree with some of Alas_Smith's questions about whether the acquisition strategy is yielding above expected results. The beat today is hardly spectacular given the economic backdrop and I suspect the city agrees.

I subscrive to BSR which shows daily administrations and insolvencies - and although it appears that BT have increased share of both (from 10-11% and 12-13% respectively) I would not say that this is coming through on the BSR service. In fact FRP looks to be winning most new business. Business recover is BT's bread and butter and I would expect should be shoiwng stronger growth.

That said, BT's hedge on the property segment may acually come through if indeed the UK are in for a softer landing than originally forecast at the start of the year.

Jeffff,

For the first time ever I've read a sensible take on this whole charade. I have been shocked at how this company has sucked in so many unsuspecting and inexperienced investors in the hope of a quick buck.

This company is a hotch potch of companies which individually stand a chance of doing well but are categorically failing to do so as a group.

MM is attacks the city but he is deluded at what he thinks the company is worth in its current form.

That said, I am on this board to profit and I am waiting for the next bottom having sold out a little early ay £0.87 a few weeks ago.

Gwm - current annual dividend yield is c.56p I believe..the 5.9% is based on the dividend before the Haleon split.
You are quite right, i was being lazy and haven't calculated my yield based on my ave.purchase price.
I am in VOD too and am much less satisfied with my return there with a purchase price of about £1.75! Wouldn't touch it with a barge pole now but hope that it gets split up for a better sum of the parts than its paultry 96p today!!

I want to believe this too but having been a long term holder it always seems the promise of "jam tomorrow" with GSK and for whatever reason it doesn't come to pass that it realises it's true potential.
That said, I am a LT holder and have a weighted average <£12 so with a 3.6%+ yield I am not unhappy at the moment.

Good to see management putting some of their own money into this with 1.7m+ director buys yesterday!

Or they are hoisting the 'for sale' flag....?

https://www.investorschronicle.co.uk/ideas/2023/04/20/should-kape-technologies-shareholders-accept-a-higher-offer/
Disappointing but looks like we are in the final throws here now....
As a non-Isa investor if I were to leave my holding in place in the belief that Sagi will do a buy and build and sell/refloat in the next 5 years,apart from limited protection of minority interest what other risks are there?

I'm not aware BEG has been subject to a takeover offer but I believe consolidation in this mid market financials space is inevitable. Maybe you are thinking of K3 Capital who were also NW based but were bought out recently?

RonR, shares have been credited and adjusted to my AJ Bell account. I think we are up c.5% versus last mights closing price cumulatively across the shares 3 x £1.63 = £4.89 versus £5.14 cumulatively for MRO/DWL but my maths could be wrong.

I can't talk from knowledge on hydrogen but I understand it to be early days and not hugely revenue generating yet.
I like the story behind the revenue potential and DWLs role in electrification of vehicles.
This presentation sold it to me in 2021 https://www.melroseplc.net/media/2756/melrose_investor_day_2021.pdf
Hydrogen slide 31-37
Automotive - slide 62 says it all!

We've been there once Robina - I sold a tranch at £30.50 March last year and rebought in at £19.84 a couple of weeks ago.
Patience is the game on this one but nice divi in the meantime.
Great to see Shares giving some love to this hidden gem this week https://www.sharesmagazine.co.uk/article/time-to-buy-under-the-radar-and-reliable-uk-tech-business-computacenter

Inaugural post on this new company's board - I have high hopes for the newly split MRO/DWL.
Just a matter of waiting for the two shares to settle down to see if I was right to hold through the consolidation rather than selling out after the dividend earlier this month!

Seems a bit of a fudge this - shouldn't it have gone to a shareholder vote to extend the options instead of the company unilaterally doing it?
On the other hand it may be a sign that they expect some positive news within the next 3 months to make it worthwhile buying at 4p...clutching at straws I know!

What a difference a few weeks makes!
I don't like the sound of the split and I wish I'd bailed on this a year ago.
Please someone give me some glimmer of hope........

Good question - certainly both Melrose and Dowlais should be valued at c.£4b and c.£3b respectively but I am guessing those values fall just short of the FTSE100. Just a guess.....

On its own a 25% reduction does feel a huge move. For a family if 4, which is probably their core market, I would not necessarily decide to buy 2 packs unless there was a volume deal.
I suspect the bit we don’t see in this move is that they will have to ease it in with heavier promotions in the short to medium term until inflation abates

Given these results show significant progress and no surprises these shares should bounce back at least to where they were a few weeks ago.
A few highlights for me:-
US already accounts for >50% of net sales
There's a commitment to return at least 10% of market cap by way of a shareholder return no later than the end of 2024
Pre-booked orders at year end up 130%
Since there's a move towards US listings for some companies I wonder if this or a dual UK:US Iisting would bolster valuation multiple?
Either way this company's track record should justify a PE of 18+ which would put it at £30+