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Let us establish what happened in the general meeting vote a major share holder voted against the 1.6 pence dividend being paid in a preference to a buy back. There is not going to be a buy back? So are we to assume that the dividend is just going into the coffers to add headroom or hold or preserve cash flow?. Well I think it is a shambles I have lost a lot on this company
Oh well there you are even more dismal news. No buy back, no profit, no Christmas upturn , that is me finished with Works.
When I say "negative Announcements" in my last message! Can anyone remember when they last said anything positive or optomistic? It's almost like they are trying to milk the shareholders dry. Everytime it's like doom and gloom. Come on now works lets see some "works done" and lets have some good news for once. Oh and when are these share buy backs happening ? I am sure we all agree. GL everyone.
The results have allready been discounted by about 30% the shops have been incredibly busy since the last negative announcement, I think I have seen more customers buying this year than last year. There have been long queues at the tills monitered regurlaly over the last 2 months. If the results are negative I think there is something not quite right here. Because I predict an upside of at least 5p based on the oversold November statement and the current customer base.
Looks like the buy back has started , if so not before time. The shops have been rammed with customers and the discount period was short lived, a bit during Black Friday week and a 20% if you spent £20 for a few days. It looks like they have done a good job priced it just right in these difficult times. GL
The big players in the market mms often sell 5 shares & another 5 & 5 & 5 & 5 & 5 & 5 which starts to look like a big short sell off but in reality they are trying to lower the share price? and then they buy 25000 and get a lower price. The reason that the mms can do this and Joe public can't is because they don't have to pay £11.95 commission on every deal, savvy gl.
It is because the price range is wide so the system sometimes can't seperate a buy from a sell so a buy might show as a sell and a sell might show as a buy esspecially on days of low volume. So if someone buys 1 at 30p and then someone buys 5000 at say 29.6 the false trade is the 1 at 30p but the quantity buy (5000) at 29.6 would then show as a sell.
With the 1 million dividend money they could buy back 3.3 million shares at about 30p leaving only 59.5 million shares in the market. I don't get it why they haven't done it at these prices.
This has been an orchestrated sell down . But the charts show the big W upturn is due, so sit tight keep your shares and watch this next week and bear in mind the 11% dividend, this is an excellent opportunity for everyone. GL
My Graphs show Metro Bank is due a major North direction, a high support level above 40p so we can see 60 - 80 within days IMHI . GL
I am not dependant on High Street banking, but I like the presence of a Bank that you can go into and do business. So I am pleased that Metro Bank are opening branches, also their logo gets seen and people go in and arrange savings, loans and Mortgages. However as regards the SP with 1 Million more shares bought than sold, just what is going on here ? 0.15 % up selling at 49.85p maybe someone with a better knowledge of buying & selling might explain or have an opinion. It would be greatly appreciated. I am sure many investors would like to know what it is, is it MMS holding the price down, or maybe the Short sellers closing deals, getting help to hold the price down while they buy the shorted shares back. Or is it that the shares are only worth 49-50p . GL
The Business is 6.3% short by tonights numbers. I can see my dream come true here, there is going to be a rush to buy back and close the short positions. Ding Dong at last the general public shareholders will get something.
Well I wouldn't want to be short on this share. It was only a day or two before the outlook changed positively.
I think it is good that they are opening more branches. There are a lot of people aged 65 to 90 that like to walk into a branch and sort their finances out on a 1 to 1 basis. Some can't even work a computer.
There is a Halifax Bank near me and they always have a long queue.
Have you ever tried using online banking to sort a problem out? DOB , ACC number, Address, You are in a Queue, waiting time 20 minutes, "Donald" "How can I help you" " The conversation has ended" " How would you rate the service we provided" " Can we interest you in some insurance" GL
I might joke about Gladstone shorting this company by .5% but I dispise them, they are like locusts in the market. They sell half a percent of a company with shares they do not own, which in itself creates a panic and then ordinary investors start to sell because they don't want to lose too much, hence creating a downward spiral. We can only hope that some institutional investor will buy as much as they sold and make them buy the shares back at a tremendous loss. One day this will happen and I hope it's here. GL
I am so glad that glad is .5 % short on this let us all be glad about glad, would you want to be 0.5 % short on this? With all these shares to buy back. Not on your Nelly or is it glady. GL
All the brokers are positive for this stock. It is far too cheap so I have been buying in today. I can find no reason not to buy at these low prices. GL
After todays SP we could all do with a £10 note.
Here we are as I have commented previously, The Works is doing well and the price is rising it will be 65p/75p in a matter of time.
Wilko used to sell some good stationary and packaging materials. It is a shame Wilko went under but the top and bottom of it is you could buy their products cheaper elswhere, even with the closing down sale prices.
But I always bought Brown packaging tape from there and other of their stationary range. A lot of students buy their stationary from Wilko.
So it would be wise that The Works concentrated on the stationary side to pick up on the Wilko product range and see where they might capitalise on this niche in the market, and maybe some other products that they sell/used to sell.
GL
My prediction post dividend tomorrow is £5.25 because this FT100 share is worth much more than it's current price. JP Morgan might put in a pathetic £5.00 value, ignore that this will be £7.00 in a matter of weeks , this is an FT100 share that is going to BOOOOM SOOON gl everyone. Harry
The short seller's will have to pay the 26p dividend on all of the 1.3% shares they borrowed, so if the market does not discount the whole divi which I don't think it will, the shorters will be a bit short themselves.