The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
5% - if you are seriously asking why on good news a share price does not zoom up and stay there, rather than inching up gradually. There are all sorts of reasons. The share price goes up when more people want to buy at the price than sell. Once a share price goes up there are some people who will sell to make a quick profit, bringing the price down. Professional analysts have a look at the announcement and give their verdict, That come a day or more later. Some punters wait for brokers' to say buy before they buy. Professional investors take longer over decisions.
And of course Keynes said, "Markets can stay irrational longer than you can stay solvent."
Just had a quick skip through them, so may have missed things, but they look good.
Income up 13%, Operating Profit up 43%, Dividend up 13%, Pledge Book up 28%, FX income up 11%, EPS up 31%, NAV up 8%, Return on equity up, on line sales up 65%.
Retail was only up 8%, and margins reduced, so probably the main semi-cloud. But it sounds like this has picked up a bit since new year, and a lot of businesses would be happy with 8% growth in sales.
Obviously the spend on new stores and refurbishments is draining resources, but the indications are that this will pay healthily in the future. With a debt to profit ratio of around 1 it is still manageable by most theories.
Surely this will push the share price up. EPS of 48.5. For a company growing sales & profits well into double figures to have a PE of under 10 is ridiculous. To have a yield of around 5% when committed to a cover of 2+ is also very cheap.
Let's see what Mr market thinks (I'm sure he loves disagreeing with me just to upset me!)
Thanks for that. I looked on the website but could not find it. I try to keep track of shareholders, and some of the %s I quoted may be quite old - the last time I'd seen an RNS about the shareholder's holding.
A lot of Private Investors - ith HL & II up there.
Ownership is mainly British individuals and funds. Ocean Infinity who recently bought nearly 9% is American. 2 Black Rock Funds each have over 6% of the company. I believe Simon Rogers the chairman is the largest shareholder with 11.7%.
So no obvious links with Israel. The Houthi Rebels could benefit from SRT's technology so they could identify what vessels they were firing at.
But any sort of major naval disruption like this (or the Sudanese Pirates) should help SRT. The more authorities can identify and track vessels the more secure their vessels and waters can be.
"which is a premium of 33% to the closing share price on Thursday." Someone is not very good at arithmetic! It may be 33% premium to where SMDS were at the time of the initial interest, but only about 15% to yesterday's close.
I hate it when strategic decisions have to be made because of bean counters' arbitrary rules and regulations rather than sound business reasons. Unless you're about to run out of money whether a payment comes in in March or April does not really matter.
5%: "What I really need is a shares or investment forum where can discuss wider issues than single shares"
Join SIGnet - https://www.sharesoc.org/signet/
Depends where you live as to how useful it will be. They are working on getting national coverage so everyone will have a group close enough for them. I've found membership very useful. It's certainly helped me get a lot more disciplined as an investor. (As I'm on the National Committee I can give more info if you need it.) They will have a stand at the Master Investor show on Saturday.
"it's crucial to understand that the ammonia in question is essentially green hydrogen in a more transportable form."
Absolutely - Hydrogen is a great source of energy; BUT it is difficult to store and transport. This is where ammonia comes in. Ammonia is relatively easy to store and transport, so if there is an economical way of converting ammonia back to Hydrogen, that's great.
ITM make hydrogen by electrolysis of water, which is an abundant product (too abundant in recent days!)
AFC's Ammonia Cracker makes Hydrogen from Ammonia, which as has been pointed out has to be manufactured.
It's hardly comparing like with like.
Tobacco Companies are seen by many as an unethical investment.
Let's see - they plant a lot of vegetation which takes CO2 out of the air, they employ a lot of people in developing and frontier economies, an analysis of the FTSE100 I read recently said BAT was in the top 3 for ESG Governance.
They also make a product which may be harmful, but a lot of people enjoy. There are plenty of other things which are harmful to our health made which people think it's OK to invest in.
Is it that much of an unethical investment?