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I just received a further bit of information following the "Rumer" info 2 weeks ago. The up date info seems to be as follows:
Progress has been very slow due to COVID & the desire for SFO to proceed along the lines of a DPA (Deferred Prosecution Agreement) with PFC since SFO do not seem able to uncover any further criminal activity knowingly involving PFC. SFO aware of the effect on PFC business but hoping this may bring PFC to the table to proceed with a DPA. However PFC have resisted and it seems to be a case of" who blinks first". The DPA would involve a financial penalty together with a contribution by PFC on the profits relating to the case in question and the SFO costs of £2.65 mil. The longer PFC hold out (as they have done so), the more SFO push for a DPA.
Lets see if the Rumer of Dec / Jan was correct ?
Please do not press me for the source since as I said before its via a reliable third party.
I have not opinion on hold / buy or sell. I have already commited myself.
Warthog. I was the one who posted the SFO Rumer. But I had heard it second hand (obviously since I dont have contact in SFO).
The Rumer was that SFO intended to tidy up the PFC file and end it hopefully before the end of the year. However I would think due to the mess up with daily changes on how people can move about and various restrictions, I guess it may now be in early Jan 2021. That`s if everyone behaves over Xmas. I was hoping for the SP to reach 200p before being released from the clutches of SFO so that we could have a decent jump up to the 600p mark but todays report has prbably put a halt to that.
This move upwards has nothing to do with the SFO. If as I mentioned (The Roumer) the SFO intend to wind up their investigation by the end of December, I think we would see very steep climb in the SP of approx . 200%. However it would be nice for the SP to get close to the 200p mark before the SFO make their announcement since then we could easily see a climb to the 600P mark.
Interesting to hear various comments. The "recent Trades" on the platform could have been missleading if not correctly annalyized . Since the information supplied to HL from stock exchange sometimes showed a trade as a "Buy" instead of a "sell" and vise-versa. I have observed the same issue on other platforms so it was not specific to HL. The reason I know about the inaccuracy is that I would monitor / observe my own personal trades at specific times. I know it sounds over the top but I did the excercise because I was curious. So I agree with HL to drop it for the time being until more accurate information can be fed to them and subsequently to us.
I have over the past 10 years had cause to contact HL personally by telephone approx. 7-8 times . All calls were answeaerd promptly , efficiently and accuratly, so I`m very pleased with their service. So much so that I actually invest in their shares.
At present their SP is a good bargain and can rise to 1950 with great ease. A solid , reliable, profitable, well organized company with a bright furture. Having said the above publically, can I now have an extra bonus from HL ?
Signed: A loyal customer.
TSCO have said thank you, but , no thank you to the government. I now expect the same sign of good will and manners from the government to say " No thank you" and for TSCO to keep the money for all their hard work arranging deliveries etc and assisting in keeping the country fed during lock down`s. So the Business rates relief ends up as:
"Thank you, but , no thank you, but thank you" It is at this point when us shareholders can turn up and say: Since no one feels worthy of receiving this money, we will and bye the way: Thank you.
I hear and read all the views on this subject. However just to show what strange times we live in.... SBRY closed over 4% up today !!!!!! So what is the motto hear ? Give away a chunk of your finances for no return (except reputation) and you share price goes UP by 4%... This sort of market movement was unheard of until COVID. Another strange movement was earlier in the year when some companies cancelled / suspended their Dividend, and guess what happened to their share price ? Yes, it went UP as soon as the announcement was made.. .... I`m baffled.
I think the government should advise the supermarkets to "hold fire" on voluntarily returning the money they received to assist with COVID until one can determine the effect of "BREXIT" on their business since surely there will be one.
We need a BREXIT fund .. so Rikki.. get that cheque book out... Again.
I`m in two minds about this return of Money to the government. There was definately a cost to Tsco due to COVID and this cost (as Tesco have announced) is clearly known, therefore why did they si9mply return the difference between the amount they received from the govrnment and the cost due to COVID ? Surely that would have been the justified, Ethical thing to do ?
Alternatively they could have added the £585 to their coffers and given it out to us deserving shareholders as another dividend ?? I hope they change their minds... why would a company give away money it was seen to deserve. The increase in their business is neither here nor there. I want my dividend. Also as already pointed out this move is paving the way for a payout on the sale of the far east branch... but I thought the flip side of the coin was that the share price would be adjusted accordingly and although shareholders would receive approx 40-50p, the value of shares would drop by the same amount .
Am i correct on this issue ?