Like you, I bought in 2007 and have watched it slowly improve, well done John Talbot and his restructuring. I'm averaged out at 21p having bought from 50p downwards to 9p so it's been quite an adventure! I made a commitment to three years and see the max it will get to as 50p give that at it's average it was approx £2.50 per share and they've diluted the shares by 5 so the most it will get to is around 50p. Good enough for me! What are your thoughts?
Here's my advice, don't take my advice and I'm not trying to give advice, it's all a game, all you are trying to do it lessen the risk! Do the research and convince yourself. You've invested in a company so read all you can about it, you can get their reports from their site. No idea where it will end, I see no reason, if they keep steady that it would go north though! I think this though, when it was stable the shares were about £3-4 each. there were 50mil shares then, then it was diluted to 250mil shares with the rights issue. So i guess whatever it used to be, it will be that divided by 5. So you're looking for it to top 60 - 80p a share when it's back to normal with a dividend of perhaps 3-6p per year. That's just my thinking based on previous results.
I've got 232k shares and have been following the group for a couple of years watching then just before John Taylor took up post as interim chair and then took over. The video was taken prior to the sell off of Johnson clothing the rights issue, both of which were a success. With the drop in interest rates, the stabalising of the oil prices and the restructuring of teh group bringing the MDs of the different divisions on board and linking bonuses with shares, I think they have a good formula for success. Like always, if you want a quick win go to the casino, if you want slow and steady growth and a long term investment I'd go for JSG...and in fact, I have! : ) i woudl very much encourage you to do the research and read the past two annual reports.
Well, if it was just this company then it would be a worry but as its happening across the board I'm happy to wait this thing out and look to the long term. Just sorry I've not got the cash to take advantage of the low price!
Well, if it was just this company then it would be a worry but as its happening across the board I'm happy to wait this thing out and look to the long term. Just sorry I've not got the cash to take advantage of the low price!
It was indeed the institutions who can, after all, take a long term view. Not comfortable that the price has dipped below the open offer price but hey ho! Long term we know that markets go up as well as down.
Well, 20mil shares can't be bad! At least its shoved the price back up a bit, gotta make these shares rarer. : ) Let's face it, these guys are in for the long term, they know the buisness is sound, they have faith in the people running it and unless the board dies in a freak oil based cleaning fluid accident the only way is up! : ) That positive enough for you OG? ; )
Well, maybe but how do you account for the 400k bought and only 30k sold? I'm not too sure I understand it unless the market is trying to raise money by selling off the left over shares and increasing the companies worth? As I understand it, the market sets the price according the the rarity of the share and the payout per divident, yes? I suppose that before the price of the share will go up they need to be scarcer than they are! Still, divident promised in Dec 2009 but will it ofset the amount of interest lost if the money was tied up in a savings account.
Like you I was a tad disappointed however, the press loves to give a company a good kicking! That anaylyst chappy said it was very resiliant and had done well. Interesting once again that there is more buying of shares by directors. John Talbot is very much going down the liine or insentivisting the managers of each section to do well by bringing them on board and them having a monetary interest to do well. I notice in teh figures released that they have slowed the loss. I'm looking forward to the year ahead...but yes, it would have been nice to see a leap to 60p at lest today! : ))) I have by 202k shares and I'm keeping them safe for the time being.
OG, yes, that looks very positive! Like you I wonder what will happen when the results come out on Tuesday. I'll be getting my extra shares on monday. The fact that 80% took up the offer is encouraging as is the companies that have come back into JSG. Things look positive I think. If they can declare a dividen, no matter how small, i think it will stop people abandoning the company as soon as the share price goes up, which I'm sure we all hope it will!
Well, I can't see there being any movement until after 26 August when all the open offers are in and we'll see what the uptake has been and then after Sept 9th when the results are out and the shares start trading. I think that the fact the companies have bought in and little is now being traded shows folks are waiting to see what will happen and the stock market is fairly positive about the impending results hence no need to drop the price to sell the shares. If the share price goes up mind you, it will be interesting to see how many sell up for a quick profit, hence their promise about divies next year. These are my thoughts, not the facts of course!!
Nothing new my friend... it was written in the stars and on the plan http://www.iii.co.uk/investment/detail/?display=news&code=cotn:JSG.L&action=article&articleid=6772113 I'm just glad it climbed back from 19.75p Mind you, if I bought my shares cheaper would it matter if I didnt' do it via the offer I wonder.
Sooo...I have 112k of shares, I have an option to get 89k more at 20p a throw....shoud I do it? I've got the cash, can I afford it? Not really... but if it's already up 2p from 20p then I make an immediate profit. Hmmm. I've always been into this one for long term adn all the signs to me look good.. Any advice or thoughts? I WANT to do it...but thats probably cos I'm an inherent risk taker!!
Hi everyone, thought I would join in, I've really appreciated the posts I've seen over the past 6 months or so. I'm in to JSG for 112k shares averaging at about 28p at the moment. In for the long haul. Things seem to be happening, with companies and directors buying in. I'm looking forward to this time next year!