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I'm assuming this is just under the radar and will get it's moment in the sun one day! I'll keep adding.
If that second RNS doesn't show commitment and confidence then I'm not sure what else they can do...
Revenue expected to be the same as 2022... So assuming they pay the same divided that would be around 7%. They're also saying that there are delays not cancellations in contracts so the start of 2023 is likely to be very positive. People have read this news wrong IMO.
Last post and I'll get on with some work... The volume this morning doesn't justify the 20%+ drop. There may be a big sell order that's being filled or something but once the majority of investors actually read the update and see the price I think they'll be adding to their holdings.
Going all in with another 6284 shares. I can sit on this for some time if needed. There are so many companies out there with market caps many multiples of this while having huge debts, no hint of a dividend and next to no income. This seems like a no brainer.
"Timing on transactions in the Group's M&A focused service lines, which comprise 70% of its services, will largely dictate the full year outturn. The quality of the opportunities pipeline is good but the completion timelines are longer than previously anticipated."
Yea, this drop is a massive over reaction IMO. Looking at revenue similar to 2022 on paper but this is only because some of the deals will be delayed (not cancelled).
From what I can see from the previous reports they're quite open about the numbers so I suspect "not meeting market expectations" wont be as bad as this is being taken.
Seems too good to be true so I've picked up 1091 shares for now. See how it goes. The spread isn't as bad as advertised.
With the amount of cash in the bank, money coming in, current market cap etc this appears to be a fairly sensible bet even without knowing what the company actually do. Good to see a recent dividend too! Doing a bit of research here.
I've been keeping an eye on this for about a year now and have just bought in. I felt like the share buyback was keeping the price just a little artificially high. You could get a similar percentage dividend elsewhere. Now it's dropped back a bit and we're looking at 7% I've made the jump. Growth is nice but I like the easy dividends myself.
BTC is certainly having a good go at $21.5k today. It'll be interesting to see where the next stop is. They're never predictable as much as the "graphers" talk about resistance etc. Would be nice to see a close above 15p here today to show there's at least some base level of stability.