Member Info for Nacho99

It's easy to think a shorter term profit margin reduced from 9% to 7% is only a 2% drop but that's not the case.
If that's your profit margin, it's actually a lot more like 22% drop in profit. I think that may help rationalise the drop over the last two days.
I'm still positive on NEX though.
Return to dividends will help when they are actually announced.
Also the profit margin could easily get back to the historical 10% sooner if this current inflation goes down.
Like I said before:
"The Directors Deals on 17th March:
Chris Davies purchased 33,802 @ 236.21
Jose Ignacio Garat 55,440 @ 236.21"
show at least some management think todays price is good value for any buyers.

There is a large seller which is pushing the price down.
There will be a big uncrossing trade which will change the buy/sell ratio after 4:30.

I should have waited. I went all in around 231p.
Can't complain though.

I'm with Hexam.
Well said.
Too may people looking at daily and hourly movements and panicking.

I've been in and out a few times since the pandemic. With dividend payments around the corner there is no need to worry for the anyone who is happy to hold for the longer term.
The price is just being pushed down by a large holder who is reducing their holding (and that could be for many reasons not even linked to NEX).
Once their selling is done, this will start climbing again and and some more people will have picked up a bargain.
Pandemic lasted a lot longer than I anticipated dividend payments should fix a lot of the problems with the share price.

If they start paying a dividend next year (like they say) you will be fine well before 2025 unless your average is massively over £3.

Looking at Directors Deals on 17th March:
Chris Davies purchased 33,802 @ 236.21
Jose Ignacio Garat 55,440 @ 236.21
So todays price seems like a good deal for anyone with the spare cash.

Can't believe it's down 40p in 2 days without actual bad news. It's just crazy.

Revenues are recovering well and good news on the dividend.
It's the news on the margins that has pushed this down today.
Currently around 7% but they expect to climb back to 10% by 2027 from what I can make of it.

"The Group's intention continues to be to reinstate a dividend in respect of the full year 2022 results."
They will decide on the amount after they know the full year results at the end of 2022.
If they go by previous years, payment should be made in May with an ex dividend date in April.

Also some news : www.londonstockexchange.com/news-article/WG./director-pdmr-shareholding/15480827
ROY FRANKLIN (NON-EXECUTIVE DIRECTOR / CHAIR) picked up 22,000 shares on Wednesdays price drop at 220.5p

Thanks Walt, I'm not working and already got a busy Bank holiday lined up.
£2.50 was just the starting bid. I would expect they get pushed to above £3 by the end. Hopefully £3.50.
Think of all the money BP could save by buying PFC instead of paying Windfall tax.
Come on BP, we are here waiting for you.

OK, lets get the ball Rolling. I was thinking 250p would be a good start.

That would be nice.
I've never had a take-over bid on a share while I was holding it (always come after I sell).

Share price jumped from 200p to 240p when the asset sale was announced on Jan 13th.
Yesterdays fall may have been because some expected a higher price or the downbeat comments "working capital outflow in our business in the first half is expected to lead to net debt being higher at 30 June 2022 than at 31 December 2021".
Decent contract wins are needed to push the price up.
Could also get a nice bump up (or down like PFC) on 22 June 2022 with AGM and trading update.

I'm so glad that there is an "r" in your name.

Aucuba, what do you use to monitor the share price?
When you said "its approaching 5%", it was actually over 6%.
Data on this site is delayed 15 mins.
I use Hargreaves Lansdown which shows live prices but Google is pretty much up to date all the time.

The sale is a good thing but not sure the market will like other parts of the statement. "Excluding the proceeds from the sale of our Built Environment business, we expect no improvement in net debt in 2022 compared to 2021," it said. "The typical working capital outflow in our business in the first half is expected to lead to net debt being higher at 30 June 2022 than at 31 December 2021."

Market caps around 2pm today:
Centrica........£4,671.61m
Unite Group.....£4,668.95m
TUI.............£4,445.45m
Convatec Group..£4,406.13m

Just had a look at the current market caps and it looks Centrica will be back in the FTSE100.

https://www.ig.com/uk/news-and-trade-ideas/centrica-shares-could-soar-when-its-re-promoted-to-the-ftse-1000-220530