Member Info for JJBC

Kkr bought spectris at a 96 % premium . American companies have so much cash to spend that they won’t hesitate to pay for a terrific business .

28 pounds was the price of the share was the bid was first announced by Corpay . So 52 £ a share could very well on the card . Alpha board of directors won’t let the company go cheaply … that s a certainty .

I totally agree with you

A company cannot be well managed if it allows to grow a cash pile without finding a good use to it . The management lacks imagination . Furthermore it reduces the return on the equity which is such an important measure by all account .

So up to the new ceo to find a way to use this growing cash pile . Rebasing the dividend and a much bigger buy back is what need to be done . Second , more acquisitions like cobase would be a good thing …

The market is taking the result very well so far . Share price up

You are probably absolutely right .

It s all down to perception..

the market needs excitement and optimism..

there was no news about any return of capital too .

We have been so used to amazing trading updates … this one fell short …

What a bland trading update…

I am not surprised to see the share going south , but I suspect that the price will recover in due time as time goes by.

You are probably right . 12 millions buy back would be a very good start .

The law of supply and demand is such that it would pull the share price quite significantly over weeks and months. It is certainly true for the alpha group plc .

Another important factor is to be committed to do it year after year . You would own a bigger slice of the pie .

Yu can’t find anything to buy . Seems to me that there is going to be a huge amount of cash accumulating in the bank account and you can’t just let the cash pile to grow and do nothing with it . They have a duty to shareholders to bring value to shareholders .

Either , you buy a business to grow , bigger dividend , or and share buy back , or it can be the 3 of thoses.

Capital allocation is the most important decision that a board will make .

Bobby has started this process by growing the dividend , there is no doubt that he will want to carry on this process too .

Re : they need more shares …

Depend what they want to achieve I would say …

A share buy back would be the most beneficial thing to do at this stage . Would enhance the share price , no end .

Most effective way to redistribute spare cash .

Https://www.youtube.com/live/88t1PrefCAw?si=61R9_mAa3vuJlyaD

You are spot on

Patience is a virtue