Member Info for jaffjoon

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.

Yup, were following suit. So lets see who`s left that will not tow the line by end of the week.

Just seen that Sainsburys have also decided to follow suit. So probably by the end of next week the grocer that has not offered to pay the money back will be the odd one out.

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 ?

Sorry about my Speeling, ,.. its not briliant (I cannot see a speel check here !). I`m hoping what i heard yesterday is true and
SFO wind up their investigation within December.

I`m afraid the source of "the rummer" has to remain annonymus but suffice to say it was via a third party. There are always people who will ramp up and ramps down in this casino so its a personal decision. I have just loaded up again on that basis.
Whether I am throwing good money after bad remains to be seen but once things settle PFC should be around the 870p as long as POO remains near the $50 mark .

Seems others are also aware of this hence the climbing price. I`m holding since I was buying at the peak prices several years ago.

rummer is that SFO will will be closing the case on PFC and we should hear from them in December. !
I hope its true.

why does`nt anyone ask them about future plans for a dividend ? Surely any answer would be better than avoiding the subject.?

So what happens to shorters if the SFO makes an announcement next week which is not a negative one ? What do the shorters do ?

it must be the shorters getting out since Enq & PMO are only marginally up in comparison. The shorters have smelt something.
My other observation is that normally this site is very busy with comments and in the past 2-3 hours it has gone dead quite !!
Does this indicate that a fair % of the commentators here may be shorters and so busy doing their bit now that they have no time to comment ? Come on prove me wrong .

Seems everyone wants to buy this now and demand is very high. Does this mean the shorters are trying to buy this to repay their loans and get out of it before they loose even more money. They must know something. Its awfully quite on this site at the moment so I assume everyone is trying to buy and not sell.

Okay, its operational now and just topped up with loads more. Come on 50P

Is there an auction or something , since I am unabel to trade TLW at the moment seems something BIG is happening !

Russian business sale. Does anyone know if there was any mention of distributing funds to share holders following the sale of the Russian arm of the business at any time ? I cannot seem to find any info on it !

Seems very similar to the moves of Halfords who yesterday also posted good results and spiked momentarily only.
I consider KGF have done the responsible thing regarding the dividend due the the present global situation and are holding onto as much funds as possible since we do not know how / when things will return to normality.
But out of all other retail businesses except food & Halfords, KGF are probably a good bet for investment and as this gradually dawns on investors, we should see a steady climb in the sp as more investors come on board.
Personally I can see a sp of 360P easily within the next 5 months.

Apologies everyone. I was referring to another share. Please disregard my post of 07:29 this morning.
Sorry.

Just read it and although it looks exceptional, i cannot see anything about dividend. I suppose they are also being cautious in these difficult times which shows responsibility.

I suppose the reason they have not paid a dividend is that they are being cautious in these difficult times globally and preserving their reserves which is what I would have done. But I think this makes them even more investable since they have adopted a responsible approach. The drop is due to sellers & profit taking but it should bounce back to say 290 - 310p