Member Info for juyamah

Buybacks when deciding on cancellation or holding in treasury and what is ultimately the best depends on how the company performs after the buy backs, if the shares are cancelled this allows the remaining shares to have a larger NAV value, but as the link between NAV per share and share price is not fixed so the SP will do whatever the market decides anyway...the advantage I can see by holding the buyback in treasury is that they can provide a source of funding (if required) for take over acquisitions once the company gets back on a firmer footing, as shares in treasury have no voting rights and do not receive dividends, once they are in treasury they have no effect on future dividends to the Pi's holding the remaining shares, and should the companies share price double on recovery then the shares bought back will have doubled in value too, HAR are proposing to change their buybacks from cancellation to holding in treasury for this purpose and I cannot see why its not a good option.....though I could be missing something.

good idea Broomtree I'm dog tired too...

Sorry Dog but I cant see your reply.....just a green box..

The Dogfarter is the very first person I've ever filtered ( several weeks back).
what with relentless mindless ramping of Harl...there should be a league of top filtered uses as there is of top posters, he would be pretty close to the top.

https://www.msn.com/en-gb/money/other/ministry-of-defence-clashes-with-contractor-over-spiralling-cost-of-new-royal-navy-warships/ar-AA1a6Pff?ocid=msedgntp&cvid=20903bfabe554634a98b32b934d6bf06&ei=39

Sold out at 225p doubt there's going to be a second bidder, the way I look at it now is either a 15p upside or a 60p downside.
Only bought in at 195p as a punt on the deal so only made a modest profit, might get back in if the deal falls through.

The director sale was following a bonus related receipt of 80,000 (approx)shares which required a sale of 40,000 to cover tax.
there was a RNS detailing this

https://www.msn.com/en-gb/money/other/national-express-coach-sales-driven-up-by-rail-strike-hit-travellers/ar-AA1a3qzS?ocid=msedgntphdr&cvid=7b42a07d054f4c59b308c00d05c6afeb&ei=50

If this update doesn't lift the share price...nothing will, other than a takeover approach.

In the AGM voting paper there are 2
resolutions 18 and 19 ( if I remember correctly) that are pertaining to the company buy backs of shares.
These resolutions as I understand them are asking for the shareholders agreement to instead of cancelling the shares rather we should allow the company to hold them in Treasury to use instead of cash in the future should such a situation arrive that this method would benefit the company.
Personally I think holding the shares in treasury is a better idea than simply cancelling them, and have voted in favour of these resolutions.

Share price is up about 15% since last weeks trading update, which wasn't great, in fact I was pleased at the time the share price held firm after an initial spike down on opening and quick rebound.
Is there some good news coming???

Yesterdays rise was a welcome surprise to me too, after reading the RNS I thought we might be lucky to see the share price hold fast.
still paying a dividend of about 4.5% per annum, next Ex divi date is the 8th of June for next payment in mid August..

found this post from a month ago.
"Also watching the SP rise drop rise from nearly 400 in 2019 to where it is today, I have a lot of patience and confidence in NEX. Never sold at the right time but managed a sub 200 average. Still at a loss. Seeing the drop this morning I threw in 10k destined for DOCS…. then changed my mind and took it out and put it in DOCS…. them took 50% out and put it back in NEX … lol…. Couldn’t make my mind up guess HL was loving my indecisive day…"

It looks like half of your investment is doing fine...hope this half catches up soon.

The RNS today whilst being somewhat disappointing does suggest that the distribution issues are being resolved albeit slowly and at a higher cost than expected, pleased to see the share price holding firm at the open.

Baileybear.
Great price to buy in at, enjoy the ride.

Share price up 5% this morning, I think the trading update might be pretty good..topped up a bit at 143p

Nigel
yes I agree I can see why they censor rude wording but you would think it would be smart enough to know company names..
I tried to imply a while back that business lunches involved a lot of drinking, but it wont allow me to say they were out on a lunchtime ******....

https://www.bbc.com/news/uk-scotland-edinburgh-east-fife-65213646

Scarfell
The price will move higher once the acceptance of the proposed offer is approved by the BOD (assuming it is), then a formal offer will be made requiring approval of the majority of shareholders..
the reason the share price is significantly lower is because its not a slam dunk it will go through.....against that there is still a faint hope of a second bidder which will push the price up quickly....however if these options fail its very likely the share price will tumble...it depends on how certain you feel the offer will be accepted..

"After all if you eliminate 6.5% of the shares then each person who keeps his shares owns a proportionately larger share of the company".

Yes but as the cash to purchase the buy back shares has come out of the company coffers you have ended up with a lower asset value divided by a smaller number of shares.
however if you paid the equivalent cost expended on the share buy back as a higher dividend leaving the share count the same you would reduce the NAV of each share as the number of shares would stay the same with less cash in the company.