Member Info for MattTheBrave

Except they don't call it a special dividend. It is officially called a 'Return of Capital' which is what confused me about your post. Anyway, what you have to understand is that paying out a lot of cash doesn't necessarily give the shareholders a higher return, it just means you get more of your return from income and less from capital growth. The main advantage comes if by paying out the dividend, the Company is left with a more efficient capital structure (ie if lower equity versus debt is indeed more efficient).

Stock like this, which has lost lot of trust in the last few years, will always take a bit of time to recover. As the market is unlikely to give the management the benefit of the doubt, stock will tend to react to new news, and then trade sideways for long periods. Next news, half year report in early August. GLA

...Tecso and Lloyds today in smallish size and will look to add further into any weakness.

All right GS, no need to bamboozle me with all that complex analysis.....;-))

Thanks GS - Yes Tesco is definitely on my radar here, with sales momentum now stabilized, and new management initiatives in pace. What's your target and why?

Thanks GS - Yes Tesco is definitely on my radar here, with sales momentum now stabilized, and new management initiatives in pace. What's your target and why?

I tend to agree. however, when one does post something based on critical thought which happens to be less than positive, one receives a wave of abuse which is difficult not to respond to. Not sure what you mean by 'lost argument but I certainly don't feel that's true in my case given the share price...

I'm fine thanks Power - remember, I don't actually have a position here currently, so nothing to feel sad or bad about!

So by 'Special divvy' you mean the Return Of Capital when the deal closes right? However, when this paid, the Company is worth less by exactly this amount, as once it had it, and now it doesn't. It just means you het more of your return as income and less as capital growth. Only connotations here are tax ones.

Actually MH, where are you getting your numbers from. The divvy has been raised from 67 cents to 88 cents. There is no special divvy. You a bit confused?

So they're paying c$60 per share? Think you have your decimal point in the wrong place MH.....

Brad - I don't have a problem with people being positive, but why do people have a problem with me when I am simply applying critical thought and backing up my views with numbers. GCC - you used to post technical and commercial reasoning..???..ha ha ha ha ha etc etc. No-one here is going to believe that. If you believe I am posting under numerous monkers then please report me,. The Board can tell due to the IP addresses used. However, when they find you're wrong don't be surprised if you are banned for being malicious. As to the 'it's not worth posting proper analysis anymore' I think it's rather obvious to the more discerning amongst us that having been wrong for so long, it is clear that all your so called industry knowledge is meaningless without a proper understanding of company financing structures and commercial business models. I guess you're all rather embarrassed, and to be honest, I would be too if I was you. Try admitting to your mistakes occasionally - you might find it quite cathartic (can someone explain that word to GCC please.) and actually learn from it as well.

just bought a few more at 59.5p. Ha, it's like betting on the horses!!

yep - picked up a few more at 68p early afternoon. Stock now at c60p, so aiming to pick up a few more if it falls below. Fortunately I've just been nibbling as it falls, but certainly is a hairy ride!!

...stock now on less than 15x last years' earnings!!

....at £20 today. figs look fine to me, and I'm prepared to back the management on the acquisition.

You're reading too much into the statement IMO anghardy.

What I'm saying is that I'm accumulating a position into weakness. As I don't know for sure how much the stock will fall in the short term I want to spread my purchases. So I placed a number of 'limit' orders with declining prices ie broker not allowed to buy the shares until they fall to this price. So I placed a limit order at 80 p, and when the stock fell to 80p, the broker dealt. I then place another order to buy at 75p. So I'm not predicting that the stock will fall to these levels, just saying that if it does, I'm happy to, and will, buy more. That make sense?

Put another order limit in at 75p. Market in full panic mode at the moment - in my experience this is where there's money to be made on the other side. clearly high risk though - what fun!!

.....to add at 80p - nearly got there - having added some more at 89p!! Anyway, I'm happy to wait this one out now, unless of course there's new news. Based on fundamentals as I understand them today, the stock is now extremely undervalued IMV.