Member Info for Mulder

I make the book value to be 95.9p/share so it is now trading below book value. Shareholders' equity £651M; shares in issue 679M Market Cap £670M of which £90.5M is cash

7th different Director buys within the past 2 weeks.

Spire’s Valuation So what do we conclude? First Mediclinic clearly believes 470p plus is the real valuation of Spire, which will reassure bulls of Spire. Second, HCA presumably wanted to tie up the 29.9% of Spire before approaching its board. Two For The Price Of One? The alternatives now are to sit on its hands and let things cool off. Or simply go for an offer neither Mediclinic or Spire cannot refuse. One does not have to be a Champage swilling Mayfair “hedgie” to work out what this may be, higher than 470p. But as stated in the last update, Spire shareholders should be feeling relatively smug, whether the rumour has substance, or not. In effect, this means Spire has two potential bidders, for the price of one. https://wallstreetwires.com/spire-healthcare-update/

SP surging.

Dixons ****hone Yields Nearly 7% Dixons ****hone, the multinational electrical and telecommunications retailer and services company headquartered in London, United Kingdom. It was formed in August 2014 by the merger of Dixons Retail and ****hone Warehouse Group. Shares in Dixons ****hone were trading at 160p per share at the time of writing the article, representing a fall of approximately 25% which seems extremely harsh. After the profits warning today, the shares would be trading on a P/E ratio of 6 if profits come in for next year at the new forecast of between 360 and 440 million pounds. Analysts had been forecast a profit of around 500 million pounds before today’s announcement. The shares now yield close to 7% which is a mouth watering figure. At these levels, there are bound to be bargain hunters and predators lurking. The weak pound has hit profits and the impact from roaming legislation in the EU means that the company will take a hit of up to 40 million pounds Seb James, the boss of the ****hone Warehouse and Currys PC World owner, was optimistic at the end of June when the company announced results. He told investors that Dixons had seen no signs of a slowdown in consumer spending as it reported a 10% rise in annual profits. It is baffling to hear this news today just weeks after what was said at the end of June. Has the market changed that much? The shares are now trading at levels not seen for many years on concerns over a broad decline in U.K. consumer spending but the share price has factored a lot of bad news and the CEO was extremely bullish on the future only a few weeks ago. So today’s announcement is extremely baffling. There are hopes that the new Apple iphone8 will give a boost to sales when the phone is launched in September but that certainly seems to be ignored by the market today judging by the sharp fall in the share price. As Warren Buffett says “Buy when there is blood on the streets” – today, there seems to be plenty of blood! https://wallstreetwires.com/ronnie-chopra-dixons-****hone-yields-nearly-7/

Sainsbury’s unloved -why with such great defensive characteristics? The recent trading update by the UK retailer showed that it beat expectations in the 16 weeks to 1 July and that the company is performing well under the new CEO, Mike Coupe but not yet reflected in the share price. The company has a freehold property portfolio which is worth in excess of Sainsbury’s market capitalisation and this is what attracted the Qatar Investment Authority to bid for them in 2007 at 600p per share. The Investment Authority considered re-visiting for another bid in 2016 with CVC Capital Partners and Brookfield as the shares languished at low levels. However, the purchase of Argos discouraged the consortium.However, Qatar, still have a 25% stake in the company and there is still a likelihood that another bid could be launched as the shares languish at less than half the price of the 2007 bid which is extremely baffling 10 years on! There are signs that the UK food retailing market is showing signs of a recovery after a lacklustre few years. Earlier this week, the four big UK supermarkets showed that sales were at their strongest in four years with research from Kantar showing that in the 12 weeks ending 13 August, supermarket sales grew 4.0% year-on-year. Sainsbury’s is also undertaking a massive cost-cutting drive as more than 1,000 jobs at its head office are being cut in a 500 million pounds cost-cutting drive. https://wallstreetwires.com/ronnie-chopra-sainsburys-unloved-great-defensive-characteristics/

BlackRock, Standard Life and L&G are 3 of the top 6 institutional holders here. Movers Holder Shares bought Shares held Standard Life Investments Ltd. +21.01m / +29.19% 92.99m Morgan Stanley Investment Management Ltd. +10.01m / +215.99% 14.65m GIC Pte Ltd. (Investment Management) +9.47m / +53.34% 27.23m Newton Investment Management Ltd. +6.80m / +19.42% 41.79m BlackRock Investment Management (UK) Ltd. +5.82m / +25.08% 29.01m

Revenue up 22% Statutory operating profit up 45% Statutory basic EPS up 14% Interim dividend up 30% Clearly this business is heading in the right direction. I forecast FY basic EPS will be around 66p which gives an undemanding forward P/E of 14 which is low for a growth share and on the cheaper side even for one that isn't. 52 week high of 1119p suggests a lot of potential upside here.

31-Aug-17 Buy Trade Notifier Information for Avon Rubber Paul McDonald 948 GBX 6,170 6170 14-Aug-17 Buy Trade Notifier Information for Avon Rubber Nick Keveth 989 GBX 1,004 1004 09-Aug-17 Buy Trade Notifier Information for Avon Rubber Chloe Ponsonby 1018.63 GBX 1,000 2000 07-Aug-17 Buy Trade Notifier Information for Avon Rubber Nick Keveth 1006.3 GBX 15 0 15-Feb-17 Buy Trade Notifier Information for Avon Rubber Paul A Rayner 994 GBX 1,700 0 15-Feb-17 Buy Trade Notifier Information for Avon Rubber Paul A Rayner 994 GBX 350 450 15-Feb-17 Buy Trade Notifier Information for Avon Rubber Paul A Rayner 994 GBX 150 450 15-Feb-17 Buy Trade Notifier Information for Avon Rubber Paul A Rayner 994 GBX 150 450 15-Feb-17 Buy Trade Notifier Information for Avon Rubber Paul A Rayner 994 GBX 150 450

Given the ever-increasing tensions between North Korea and the rest of the world, my top pick for September would be high-tech gas mask maker Avon Rubber(LSE: AVON). The fact that the stock (trading on 15 times forecast earnings) is a lot cheaper than it has been for quite a while is even more of an incentive. Interim results in May were positive and I suspect the company's forthcoming update will highlight further progress. Aside from the above, Avon bears all the trademarks of a high-quality company. It boasts excellent free cashflow, a bulletproof balance sheet and generates consistently high returns on the money it invests. While a 1.3% dividend yield is unlikely to blow anyone away, it should also be highlighted that Avon has been hiking its annual payout by at least 20% for many years now. https://www.aol.co.uk/money/2017/09/01/top-stocks-for-september/

7th Sept.

http://www.telegraph.co.uk/business/2017/09/02/questor-look-past-uncertainty-buy-shire-growth-takeover-prospects/ Look past the uncertainty and buy Shire for its growth and takeover prospects 2nd September

Holder Shares % Held Old Mutual Global Investors (UK) Ltd. AS OF 06 JUL 2017 42.90m 6.09% Polaris Capital Management LLC AS OF 21 DEC 2016 28.28m 4.01% Capital Research & Management Co. (World Investors) AS OF 10 JUL 2017 28.22m 4.00% The Vanguard Group, Inc. AS OF 31 JUL 2017 25.04m 3.55% Wellington Management Co. LLP AS OF 23 DEC 2016 17.78m 2.52% Fidelity Management & Research Co. AS OF 30 JUN 2017 16.86m 2.39% Deka Investment GmbH AS OF 30 JUN 2017 16.67m 2.37% Schroder Investment Management Ltd. AS OF 11 OCT 2016 15.10m 2.14% JPMorgan Asset Management (UK) Ltd. AS OF 01 JUN 2016 15.01m 2.13% Norges Bank Investment Management AS OF 31 DEC 2016 13.81m 1.96% ********************************************************* No BlackRock listed as one of the top holders but interesting to see JP Morgan holding 15M shares as of 30/6/17

Think the Directors know this is very oversold at the minute hence the buying + also want to show confidence in its prospects. An RSI of 10 is extremely low for any share. [An RSI<30 is thought of as oversold]

7. Threshold(s) that is/are crossed or reached: Voting rights attached to shares for BlackRock, Inc. has gone above 3%

Bought in here. H1 growth was strong including international. A lot of blockbusters in H2 including Star Wars Episode VIII and Blade Runner. 2018 - MIB 3, Han Solo.

Greencore: buy on weakness IC View At 198p, the shares have recovered some of their losses and are trading on 13 times forward earnings, below our original buy tip valuation of 14 times. At the third-quarter update, group year-to-date revenue was 56.5 per cent ahead of the previous year (or 8.8 per cent on a pro-forma, constant-currency basis) to £1.6bn, driven by the food-to-go business. We think there is still room to grow. Buy at 198p.

29-Aug-17 Buy Trade Notifier Information for Greencore Group Kevin F O'Malley 197.6 GBX 19,500 19500

Approx 240p based on a P/E of 10.

Bought in here. Revised P/E still only 7. EPS 24.3p even if profits at lower end. Dividend yield 6.3% and cover 2x