Member Info for Gerry557

I don't think is was, polls had it close with remain the outcome. OK they got it wrong but no one had it as a dead cert. I wasn't surprised. Nigel maybe believed the polling.

Why not go the whole hog and have no divi at all? Keep all surplus cash to invest and grow. OK your going to upset all those that bought for the divi but ........

Trump more of a water than a sore ...... Oh wait .... That's all politicians'

Allowing SPD to buy on the cheap ...... A tad cynical perhaps. Ia magic mike still using them as his investment vehicle? I thought SB was brought in to sort out the clicks not bricks? Another 10 sheds for the chop plus some overseas. On line growing. Remake it Debs Blockchain then it will take off. You won't be buying me flowers then?

Bigbadbaz, you might think the rate rise is priced in but does the rest of the market? I knew we wouldn't be leaving the EU the day of the Brexit vote result but the market apparently didn't

danielh, sort of. My last buys were 203 and 193 but that is not a recommendation to anyone, just my own mullings and putting my money where my mouth is based on my own circumstances and PF. There were probably 100's of better shares to buy at the time and I actually advised someone else not to buy Vod shares "because I was buying them" but their circumstances were much different. Its more difficult to value vod now and outside influences could add or take away value. A Liberty bid or a EU price cap??? I suspect vod is worth a tad more but the market can be irrational longer than I can remain solvent. A market crash around now would make things interesting!

Lokash, I agree some would not vote to sell @ 80p myself included but I dont have a controlling vote. Yes the bigger shareholders have greater sway and sometimes you dont get what you voted for, see half the country on Brexit! Still the vote could go against and I could be forced to sell. I suspect those trackers would have reduced as the SP reduced or they are not tracking! I dont know how the bigger holders exit if they wanted too .... they might push the price down further and devalue their remaining holdings. Do they collect the divis and keep selling small ish parcels?

It would be great if you could tip the wink and get your SP reduced just as you announce a buyback, so good on em for any manipulation. I would be more upset had they been buying higher. I suspect they might just sit there and be used for bonus and share pay schemes, says having to go out and buy them for same said reason. Yes it enhanced EPS, and the cynic in me says that the boards pay will be linked so nice easy bonus (good job we have those shares!) Why is it not good for shareholders? As for the Special dividend, I wish it all was a special, you can now buyback all those shares you were made to sell almost a quid cheaper. They were under �9 earlier too boot. OK they might go even lower yet so maybe they were doing you a favor after all. I have bought mine back and want to add a few more ..... maybe when rates rise next week.

Why �1.50? I suspect small premium circa 80p would get the job done, in fact that is not small. He already have access to a largeish stake via his options things anyway so I see now reason why he cant get upto 30 percent of the company on the cheap first anyway. Does he really want it?

n1shares, the new broom is not that new as he has been there a year or so now. I dont know what low hanging fruit you think there is to grasp? I'm sure his predecessor already grabbed that. Its not all bad news, pension in surplus, generating cash and debt was even down a tad. OK guidance says that is likely to rise back up to �300m so extra costs and less profit going forward but investment in the strategy/company continues. So will it work? Its looking on track so far, closing some stores, even if it costs a bit now might allow more time later. Online and overseas growing counters a falling uk atm. Interesting comments by SB on effect of small delay when using your phone to search website and results now its been speeded up. I like the gym idea although not sure if it really works, hopefully I'm wrong. He seems to be using data better to find ways to optimise shops they are keeping and changing others for the better longer term ie 20 persent reduction negotiated. Maybe he can turn this around after all

"We are delighted to announce another successful and materially oversubscribed equity capital raise" Sounds more like it will get scaled back. Depends on how many tranches they were expecting to raise that �500m ..... its open for the rest of the year.

char333, SP's rarely equal true value and that value sometimes takes a long time to materialise. It wasnt too long ago that Voda's Verizion holding was valued at zero as it didnt pay Voda any divi. OK there might have been some gamesmanship going on between the two boards on how to progress forward but there were all sorts of sensational headlines once the deal was announced. The SP moved from 170 to 240 on the news ...... but was the company really any different? "Price is what you pay. Value is what you get" said Buffett

Only a 6% to 8% sell off ................ I thought it might be bigger

http://www.telegraph.co.uk/business/2017/10/21/debenhams-demands-immoral-supplier-discounts/ ment to add this too

Did they win?

If Mrs G was allowed to spend �400m she would actually spend �800m. No CFO post for her!

Garydav2, well according to the media over the weekend a 20% fall in profits being bandied about and headlines on "immoral" supplier discounts. Still its not all bad news, talk of opening stores down under and this comment "But Bucher insists all 165 stores at the �2.3 billion chain remain profitable and that finances are �solid� give hope. More in this mail article http://www.thisismoney.co.uk/money/markets/article-5004223/Debenhams-undergo-major-overhaul-a.html

Yes always nice to see a divi in the pot. Not sure I will be investing it just yet, well not here anyway. SP seems to be 25% more than pre deal although it seems to be staying up at this level. Kiss of death now I have said that!

selling the Toon! Wants �400m ....... wonder what he will do with the dosh? Debs shares are getting cheaper! 2+2= 3, 4 or 5

Chate, there are normally limits on the volume of buybacks so unless the market is buying NG's broker cant buy as many as they might like although I have not been following this closely or been on top of the parameters of the buyback. I did my own "buyback" today to cover those that I was forced to sell earlier and added a few more for good measure but not a full tranche as there might be more to come yet but didnt want to miss out either, so hedging my bets really. Mulder, RR did a buyback when the shares a tenner but were not buying when they were down to a fiver. How much lower will this go? .