RE: Christmas16 Dec 2022 17:59
Interesting to note that there is a big buyer in the market
Expect another holding announcement soon
But sellers won’t take 25p so the stock needed to rally today so the buyer could have a deal
All the brokers are lowering their price forecast and they have all spoken to the company so end of year results are going to be ok but costs have probably eroded margins and exceptional items still prevail
If they pay a dividend 1p per share would cost £7.5 million it would put them on a yield of 4% and a p/e of around 6 based on a profit of £30m
If anybody is forecasting north of this I would love to be cheered up