We would love to hear your thoughts about our site and services, please take our survey here.
Looking Forward to the update on the 29th Hopefully it will be confirmed That the Company is Back in Profit
I have been in this Company A long time and Fundamentally Its a Excellent Business Model Should be well over £1.50 soon .
Following this announcement, the company is now considered to be in an 'offer period' as defined in the code, and the dealing disclosure requirements ... will apply," the board said in its statement.
"The company confirms that, at the time of this announcement, it is in preliminary discussions with one interested party about a potential sale of the company."
Couldn’t agree more I still hold stock When it was over£1.50 But have been nibbling at it in the low 60,s needs an excellent upbeat trading update
I have been invested here some eight years solid little company which has paid a very good rising dividend But I for one will not be voting to join the snake pit which is Aim If the goes ahead in favour it will be the end of my shareholding
I have lost ten years of my life waiting for the holy grail on Bowleven only to be cannon fodder for Hart and his cronies to milk it dry on over paid wages and Bonus plans As soon as this sorry tale of woe ends the better the chance of me getting back my average of 0.61 looks on the optimistic side at the present GLA
Sorry Gerry here is the last part of that Report That of course did not prevent the company from adding that it had experienced no discernible change in trading post Brexit (that is likely to come this winter as rising sterling import costs bite). Conclusion about value The consensus estimate is for a massive 34 per cent increase in earnings per share this year and 9 per cent next year. Given that the shares are now selling at over twenty times this year’s estimated earnings of 10.4p, Morrisons remains nominally good value, with estimated earnings growth exceeding the multiple number by some way. However, that is not forecast to continue into next year, which could begin a more difficult time for consumers’ real spending power in the UK. Hang on and watch for a profit taking price as short sellers scramble for stock. The share will probably have relative attractions for institutional funds meanwhile. My view is to take a near 15 per cent six-week profit when the scramble pushes the share price above 220p.
Morrisons: Leaner and meaner after turnaround BY ROBERT SUTHERLAND SMITH19 September 2016 Morrisons: Leaner and meaner after turnaround Wm. Morrison was a buy! You heard that message here last month ahead of these first-half results, and in the face of a massive uncovered bear position. (Clearly, too many hedge fund managers shop at Harrods and not Morrisons!) The grocer has managed to keep its customers happy, and the share price has responded in kind. At last, a UK supermarket you can believe in. When I declared my conviction last August that Morrisons was on the right track, the share price was 192p. Today, after the half-year results, the share price is (last seen) 216p. That is a spectacular monthly increase of more than one eighth. You would be forgiven for thinking that this was a growth stock, not a struggling supermarket retailer in a life-and-death battle with discounters and others for market share. So one asks the question: “Where have they gone right?” The Q2 and H1 results In follow-up to the theories I promulgated in my August note I now recite the facts from the company results themselves. First, Morrisons not only improved top line sales revenue in the second quarter (excluding fuel sales and VAT) by 2 per cent, they did so for the third consecutive quarter! That is a good pattern after a year or two of difficulty. On the back of that, the company turned in an 11 percent improvement in underlying profit before tax and a 35 per cent increase in underlying earnings per share, which was a little less than the 13 per cent increase in statutory profits before tax. A more efficient use of capital whilst cutting costs and debt Management also secured its stated intention to work its capital more economically by significantly reducing its level over two years. Net debt was also reported to have been reduced by some 37 per cent over two years, notably below the target set for such a reduction. As a result, the interim dividend was raised 5.3 per cent to 1.58p. All this is gratifying, if not thrilling, stuff from a company in an industry under the cosh of fierce competitive price deflation. More to come We are also informed that this is a process of continuing dynamics because cost savings will now exceed the £1 billion target set for this year. In an itinerary of attractive improvements we are told to expect £2 billion of free cash flow six months in advance of the previously stated target and further improvement in net debt – which is expected to have more than halved by next year. It is indeed an almost astounding contrast from what we might have expected from a business where lowering prices (or ‘investment in customers’, as we now call it) has been an unavoidable necessity. It seems that Wm. Morrison can do both. A differentiated business model There are two things about the Morisons business model that need to be taken on board. First, it is one of
This fills you with Confidence Perhaps its time to follow there example ? Jim Davidson 155 GBX 750,000 640000 17-Jun-15 Sell Trade Notifier Information for Petra Diamonds Ltd.(DI) David Abery 155 GBX 250,000 1979649 17-Jun-15 Sell Trade Notifier Information for Petra Diamonds Ltd.(DI) Johan Dippenaar 155 GBX 750,000 640000 17-Jun-15 Sell Trade Notifier Information for Petra Diamonds Ltd.(DI) Adonis Pouroulis 155 GBX 250,000 9564650
http://www.mining.com/petra-diamonds-shares-fall-on-lower-revenue-warning/
Japanese acquisition extends reach across Asia Harvey Nash, the global executive recruitment and professional services group, is pleased to announce that it has completed the acquisition of Beaumont KK ("Beaumont"), an executive recruitment company based in Tokyo, specialising in executive recruitment, leadership consulting and assessment services throughout Japan, Singapore and the Asia Pacific region. This small but strategically valuable bolt-on acquisition enhances the Harvey Nash Group's international capabilities and complements existing Asia Pacific operations in Hong Kong, Vietnam and Australia, as well as more than forty offices throughout the US and Europe. Albert Ellis, CEO Harvey Nash Group, said: "The acquisition of Beaumont consolidates our presence in the third largest economy in the world and builds on our existing office in Tokyo, expanding the portfolio into executive recruitment and consulting services. The acquisition of a strong team of consultants with expert experience in the technology and industrial sectors is highly complementary to our growing software development business. With the reform of Japan's labour markets, including promoting more women into the workplace and Japanese corporations adopting an increasingly international outlook, this acquisition enhances the Group's opportunity to grow both in Japan and the broader Asia Pacific region." Beaumont will trade as Harvey Nash Japan.
The stock is being shorted on a big scale just like last year when it went ex dividend , Look at the 30 day chart from 103.0 p - 89.95 Then look at the buy v sell volumes of this week , It needs Manny & the BOD to show some bottle and start using there dividends and bonus payments and start buying the stock instead of wasting shareholders money buying back stock
Hi, La Bourse how you doing MAN has already gone ex dividend This week , just needs the sp back in the £1.20 range and I can leave the ship at the next port . Final dividend (in respect of the year ended 31 December 2013) Announcement date 27 February 2014 Ex-dividend date 23 April 2014 Record date 25 April 2014 Payment date 16 May 2014 Dividend amount 3.19 pence per share
I agree three will be a retrace at some point but it is too soon to be cashing in the chips IMPO as a long term holder patience is the key I topped at 83p but I will hold the stock for the serious rerating EMG is due GLA to all selling a profit is all that is required and I appreciate that ,
Well the results are in FUM are down again by 5 % ,But pretax profits are up 8% , I would have preferred a special dividend rather than a share buyback , Final dividend in may 3.19 p Investment performance in 2013 was reasonable on a relative basis and flows showed modest recovery towards the end of the year after a weaker first half," Chief Executive Manny Roman said in a statement. The company said it had proposed a final dividend of 5.3 cents a share, and also announced a share buyback totalling $115 million.