Member Info for luddite

Over a decade ago when I bought SVT a 300% increase was not anticipated but thats what happened so its not unreasonable to expect a share price of £50 within the next decade and a dividend of £2.50 a share . This is the projection that Longriver are making but they want it for themselves quite naturally so they will do the company down as much as possible just like when someone is buying a second hand car kicking the tyres and telling the hapless owner its a heap of scrap but they just happen to want to buy it for some reason .

Longriver Partners can go and drown themselves are they idiots ? I cannot see any point in them making an offer at £22 when they know they are just wasting their time which I dont care about but I do care that they are wasting the time and money of the shareholders of SVT who have to waste time fending off this stupid offer . Why dont these idiots just come up with an offer of £30 and then see if enough people are interested , I wish I could be in negotiation with Longriver so I could castigate them .

I bought SVT at £7 because they appeared to offer good growth potential and steadily increasing dividends . When I bought them they were being tipped as potential takeover targets so the shares have lived with this hanging over them for many years so in my opinion this steady state takeover threat should be discounted when trying to evaluate based on what you think future growth and dividends might be . I will be voting against a takeover , the pension funds etc can go and stick their £23 up their respective back passages I want a proper price , I expect if they do succeed its more likely to be £30 + than £23 + . I would not be happy with a £30+ offer but being pragmatic thats the level that might succeed . I am hoping no offer will be made and no doubt the price will drop back as it has many times before because we are running out of companies like this that the ordinary person can invest for safe income and growth . Long term 8 to 10 years its not unreasonable to see SVT at £40 to £50 and paying out a high dividend perhaps £2.5 , this is why the pension funds want this company but its the same reason long term holders should say no to a takeover . And even if you are a short term trader you should still vote against it because if it goes you have one less opportunity to trade the ups and downs .

Sahreprophets had Medusa as a buy at £2.15 a few weeks ago based on technical analysis , so much for TA , seems to be in freefall . The yield is showing as 3% above , is this figure adjusted upwards automatically as the share price drops ? The fundementals appear sound , so if the price drops to say £1.20 the yield will be about 5% or will the company then reduce the dividend payment ?

I became a reluctant shareholder in RTN in the days when it was called Belhaven Brewery , I did not want to own shares in a restaurant company but the reverse takeover happened in the days when I read the financial news once a month and then it was too late but thirty years later I can say its been a good long term investment , its up 82% on its 12 month low point and seems to have made an upward breakout from the recent £4.80 plateau . The dividends are good and have increased most years . Shareholders get 25% off vouchers , useful if you can withstand eating in Franky and Bennys etc , not fine dining but better value than wutherspoons . I made some recent distastrous forays into the aim market on the reccomendations of the pundits, like AVM , AEY etc , better avoid the pundits they know nothing , basic boring companies like RTN nearly always do better. Where is the price heading , make your own guess , the pundits have no real idea .

Was expecting the price to drop from 1435 to 1410 yesterday for ex div which it did immediately on opening but it then dropped by another 30p and bounced a bit . Was this due to ch exec , I doubt it but maybe had some influence , I think more about traders and market makers jockying about unloading speculative positions , always seems to happen around ex div dates ? At around £14 its yeilding nearly 6% so seems to me reasonably priced , I dont follow the pundits trying to deramp it to £11.80 , that would be a yield over 7% and there is no sign of any issue near term that will affect the next dividend payment unless there is a fairly large overall drop in the FTSE100 which could drag it down .

whats going on with this company , have had a broker trying to persuade me its a good investment over the past week and its about come good , looks like crap to me ?