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Betterlife,
you haven't chosen that moniker well for someone with such a bad view of the future lol.
Woody,
I wouldn't recommend taking any advice from anyone on a BB (including me) because some will say hold for £7, others will say sell and bank the profit, while others will say buy more.
However... an approach that has worked quite well for me is to sell half of the holding thereby banking some profit, while keeping the other half in play in case of further rises.
Each to their own though!
I don't believe it is over-priced for a minute, but I definitely believe it is underloved/unloved.
Additionally the prospect of a labour government who are likely to use shares such as LLOY and BP as a piggy bank they can raid to fund their spending plans fills me with dread (not that a Tory government encourages me much more)
Hi Asp, can you put me down for 64p please.
There are only a few weeks to go until the much-awaited (by me anyway) January trading update.
Christmas trading results will be clear by then, and I hope/expect them to also give an update on dividend reinstatement.
I'm also hovering over the buy button at this low SP.
Waiting for funds to arrive then will probably dip the the toe in the water.
Totally agreed Wiscos.
I took yesterday drop as an opportunity to top up further on CARD.
Roll on 2nd week Jan when we should get the next trading announcement and if the dividend is reinstated, or at least a clear timetable to its reinstatement, I expect a significant re-rate.
Next official announcement on the investor relations website is Q4 res 3/5/24, however CARD have issued a trading announcement 2nd week of Jan in 2021 and 2022, so we should expect that as the next announcement of progress.
This announcement will include an update on trading including the key christmas period.
Yes, trading update Tuesday as per DLG investor relations financial calendar.
This should include an update about the sale of NIG
Steve, while its obviously your call, I think having an objective of selling in the 120s is incredibly pessimistic given the direction of travel.
I had previously expected the sp to be close to 150 by year end but with recent macro events the target for me is in the 120 to 130 range.
Christmas on the horizon should be a good driver for further improvement to company performance
With div return next year this has good scope for being a strong income and growth share
Agreed Wiscos.
I thought I had done well topping up at 94p recently and am amazed this has dropped to 90p.
In the mid to long term this SP will be viewed as an absolute bargain and once we have the dividend reinstated (around or just after july?) this SP will be a distant memory.
In FY 20 they paid a 9p div according to AJ Bell website and even if they kicked off the new dividend at half that rate, this would put the share on the radar of many income investors who currently are happy to sit on the sidelines.
IMHO
Oops, meant €500m Eurobond not £500m
EZJ moved from £670m net debt last year to £40m net cash as per today anouncement.
They are also paying off a further £500m Eurobond this month from the cash they are generating.
Also likely that there will be a further reduction in debt, plus (fingers crossed) mention of dividend resumption.
I would normally agree SUF but Carltt constant drivel is so disruptive I've just filtered him .
Boy that has cleaned up the chat!
Agreed Trendz.
There are a lot including myself that expected more positive news about dividend reinstatement which was obviously baked in to the pre-release SP, so when this did not materialise it triggered the drop.
3.8m shares traded today vs the 3 mth avg of 949k so 4 x the normal daily volume!
At the current SP this has got to be a buy for long term hold, and I will be topping up for sure!.
Based on current FTSE350 constituents CARD will need an SP in the 120p to 130p range which doesn't look too far off now.
All eyes on Q2 res announcement 27th Sept, and if that includes a timetable for reinstatement of dividend this will re-rate IMHO.
It could be a range of things but this share is currently way undervalued, plus there is only 1 month to trading update, results are expected to be good, debt could be almost cleared which could pave the way for reinstatement of dividend.
If the dividend comes back that would cause a big re-rate in SP.
Good to see the continuing recovery, and all the while we are heading closer to the next trading update on 12th October.
If the EZY update shows the high passenger numbers through the peak summer system have fed through to the bottom line, and debt has been further reduced, this could fly! (sorry, couldn't resist that).
As soon as restoration of dividend is confirmed this will significantly re-rate.
I expect that news to be delivered at that Q2 res on 27th September, for divs to recommence in Q1 next year.
My initial SP target for 2023 year end is 150p