Member Info for NickRubens

Any figures or details of the terms in the revised pay offer? Trading update due on Tuesday 11 October 2022.
Feels like most investors are awaiting this to decide how Interest rate rises and consumer spend will affect RCH.

Well, the sale of the freeholds isn't going through, however I now note that Sainsbury's were going to use the proceeds to buy freeholds to some of it's other stores. I'm somewhat relieved to hear it and hopefully it won't sell any freeholds in the future ( except to purchase other ones).

"It noted that on Wednesday it said it would have used proceeds of the sale for the purchase of 21 freehold Sainsbury's supermarkets from the Highbury and Dragon portfolios. "

Yes cheers Kingalf definitely making it's less attractive to a predator, but remember the VC leeches would have to bid for the company and relieve current shareholders of the continued under performance and then work hard/smart to recoup their own investment with a return. It would be the new owners, that get saddled with more debt, being the VC's themselves or anyone they could eventually sell the company to. I certainly wouldn't by buying it from them and not sure I even want it now.
IMO Sainsbury is likely already unattractive to VC wolves. Not enough real NAV in store/land ownership and possibly diminishing further unlike Morrisons had.

of nearly 20 stores from what I read online. I would try to block that if I was a shareholder unless the proceeds went directly into a special dividend, which I don't think likely and instead a balance sheet structuring/strengthening move but IMO it's not good to sell the family silver, so to speak, and rather should address trading/profitability growth issues. It's a short/medium term move that helps the balance sheet but will increase long term liabilities (additional leases) for shareholders.

for Sainsbury's It's not just potentially supermarket sales and with competition from the two discounters but also the electrical/home goods market with Argos.
Today's 4.24% fall is a sign the market is concerned. Is it possible we might even get a profits warning? Is the dividend safe? Tesco and Marks and Spencer are also close to 5 year lows in their share prices.
There seems to be quiet alot of price matching which hopefully can help keep Sainsbury's customers in the stores and I expect there is still a margin on those products.
I'm still a buyer of Sainsbury's own brand products as i'm sure the quality is better, but I do get other items from Aldi and Lidl and they are really good quality.

If so, not long to go to get an update on what's happening and the state of the finances.
This must be a record low for the company valuation, and certainly I've never seen the mkt cap so low.

Despite my own skepticism (of any listed plc) there is a real chance of this Phulbari development going forward and the additional environmentally friendly measures are a genius idea for the project.
Looks like coal fired power is coming back in fashion to Europe quite soon too.

Yes, bit of a pullback, but just shows how many are on the side watching and must have panic bought, however reality setting in again as we need the strike action resolving and hopefully not at a pay offer which can put shareholders at risk. It's a risky business already being a shareholder and responsible for wages, pensions and other benefits.
I lost money with my JPR holding. All those years as a listed PLC to be taken down to zero.
Bond holders took over and I note it's seemingly relisted again or some portion of it with a different name but I have no stake in it anymore.

and Silver price is falling daily too. Are the US Hiking Interest rates to 10% or something? Strange recent falls from the precious metals.

Rising record print price costs, falling advertising demand and now rising wage demands to the point of strike action? This is why the SP is falling. No one knows how bad it will get but the energy price rise is set to get worse.

Looks like the market is nervous today, that's a pretty big fall this morning.

We know they are going to make around £40m operating profit, according to last trading update. Not sure what that will look like as pretax profits? More important will be any forward looking comments and especially about the Grosvenor Casino's.

It's not very bullish, hence the SP fall today. Conditions deteriorated since the beginning of the calendar year and the important Christmas shopping season is coming up. Dividend still expected though.

"That’s….. uncrossing trade" Cheers Jandialbi, always wondered what UT stood for. I always thought it was a big order being worked.

Some huge after hours trades showing up, including a massive 1,575,800 shares buy.

Jatwf "financial performance in 2022 in line with market expectations."
Does anyone know what the market expectations are. Interim's coming in September, which will give an idea of first half performance and for me it's profitability I'm looking for and not just revenue growth.

J1osf Having taken another look at Petards history, it seems it was once called Screen plc and got into difficulty, with shares trading at 1p back in 2002, so there does seem to have been a consolidation. I should have taken a more detailed look prior.

j1osf Looking at the historical share price chart there doesn't seem to have been a consolidation, and it's likely you would have received a new share certificate also. They usually happen when the Share Prices get into the fractional (.1p etc) share price levels. However they were trading around 100p back then.

Nothing new in there, but mention of inflationary pressures and pay rise for employees. Interim results due Sept 21st and EBITDA of £100k expected. Not sure what the full year will look like or if there are any forecasts, but I would expect some more significant orders are needed ahead, for investors to get excited about which is attainable and would likely feed straight to the bottom line.

A little bit of buying today, at what looks like a new low in SP, though diluted from the last placing, done at 45p.
Some interesting institutional shareholders on the register which makes it hard to write off, even though disappointing so far. Have a few in the bottom drawer.