GreenRoc now on the EU radar after presentation on Amitsoq at the Greenland Business Mission. Watch the interview here.
I agree, I think it is a great move.
Any idea on the figure paid? The only mention on the RNS is this: 'The acquisition will be funded out of existing financing facilities and will not materially impact our leverage position.'
Whilst the company maintained guidance, it now included earnings from Hibbert which were previously going to be in addition. So effectively, guidance for the year was reduced.
Add in Nikes decline and the currency issues ( which have been slightly reduced since yesterday morning) and there are a few reasons for the drop.
Also, I'm getting the impression people are a bit nervous about putting their miney into UK shares until we know what is going to be said in the budget at the end of october.
Nike down 6% in after hours trading.
Nike Inc. reported better-than-expected earnings, yet its stock dropped after the company announced it would be withdrawing its financial forecast for the full year and postponing its first investor day in seven years. Read across here could be bad for JD.
If you click the More.Information bar just below it brings it back up but I agree it was nice to have it there with notification in red so you could see any new RNS that day.
You can still see all RNS by click the menu button in the top right (3 little lines) and going down to News/RNS.
Excellent set of results IMO, FY guidance upped and great execution of strategy. Fully expect another share buy back soon and a big increase in the divi next year.
Slightly disappointing to see the share price fall in early trading but we have had a good run recently. Should hopefully be some broker upgrades coming in the next few week which might take us up towards 3000p.
Sompo are definitely trying to grow in the UK so wouldn't be surprised if they made a move.
Generali are one of Italy's biggest insurers and are frequently linked with big moves into the UK market although their footprint over here is relatively small.
With Hiscox having undertaking a complete review of the business following the covid losses, but the shareprice still undervaluing the company, the timing would make sense.
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