Member Info for OracleofOldham

I think you are all looking too short term.

Over 12 months Boohoo up 10%, CCL down 66% Easyjet down 50%.

Would you prefer to be in carnival and be 3% ahead on the one day?

If you are just short term trading then yes you made a mistake either cut it or wait for the share price to improve.
Cyclical stocks might do better for you in that case like travel, miners, banks.

If you are longer term then you're being very short-sighted.

this might be getting confusing so to make it simple, as an investor you can ignore the record date, this is just for administration.
All you need to care about is the ex-dividend date and the payment date.
The ex-div date (today) is the date you have to buy shares before in order to be eligible for the dividend.

The reason the record date is not the same date as the ex-div (in case you wonder) is just because it can take up to 24 hours for the details of who owns a share to be updated and so companies give themselves that headroom (actually by stock exchange rules it can't be the same day precisely to avoid mistakes).

If you decided you want to sell shares on the ex-div date then you WILL still receive the dividend because what the company will be recording is who held the shares before the market opened today (this is why today is called EX-dividend day).

If you buy today you won't get the dividend because you weren't a holder of those share before this morning's trading so to go back to the start of this post the record date is completely irrelevant to us.

nope it's today so you had to buy before the end of trading yesterday to get the dividend.

ebm.bmj.com/content/early/2020/08/11/bmjebm-2020-111492

Always knew smoking was good for you.

it goes ex-dividend tomorrow so you need to own shares by the end of trading today to get any dividend on them (hence tomorrow being ex-dividend).

It looks like we will get the money on 28th January for this dividend but that is not a set period.

www.ferrexpo.com/sites/default/files/attachments/Dividend%20Letter%202020%20interim%20special%2028%20Jan%202021.pdf

not sure if this link will stick but if you go to Ferrexpro website and then 'shareholder services' and 'dividend information' you will get more detail.

You have to hold the stock before the ex-dividend day to be eligible for payment.
So you can buy it anytime up to close today (about 30 mins ago).

If you currently have shares at this moment those are the shares you will get div on, anything you sold today or anything you put a buy in for tomorrow will not count.

You can sell your shares first thing tomorrow if you choose to but the share price will drop by the amount of the dividend (because that is money that is no longer counted as company money even though it won't be sent out for a couple weeks and therefore the market cap will drop).

Depending on trading the the actual share price may not drop as much, or may drop more than the dividend amount but that is separate.

Hope that adds a little clarity but just google 'ex-dividend date' and you should get a better explanation.

People are worried that the stock will drop on good news because they worry that stellar growth can't be continued.
ASOS today is doing ok as mentioned but a slightly longer eg is JD Sports that jumped higher on Monday from good sales but is now almost back where it was.
THG was up on good results yesterday but back down lower today.

It is also a lot easier to take profit off the table then crystalise losses (mentally) which is why after a run up you see stock drop on good reports, whilst prices can jump on 'less bad' results or losses because the sellers are usually already out of those stocks and most people holding have decided to ride the dip out which pushes price up for new buyers.

IMO :)

China are having some lockdowns which I expect is having an effect as they are the only decent economy at the moment so if they shutdown the demand will too.

Maybe already shared but from Proactive investor.

"The key metrics aren’t so much December like-for-like sales, but rather customer relevance and market positioning.

In this regard, ASOS has been delivering lower growth compared to its peers, a concern echoed by Liberum which stressed inventory skew over last quarter may not have been optimal, due to long lead times in wholesale, which may have resulted in too much occasion-wear relative to casual/loungewear, bringing risk.

Conversely, boohoo has proven hugely popular during the pandemic and it is not expected to slow down in the new year, although its ESG credentials have been put in to discussion after last summer’s supplier scandal and may remain a headache for a while."

@luckyluciano I agree with you we should be looking to put some of this money back to work rather than send it out of the company.
It's been a bad year for div so nice that one company is still paying but even buying back shares at this level makes sense before another special dividend.
Of course if they are paying this and have a new enterprise lined up then I'm very happy

the 'benefit' of the pandemic (and why Saudi and Russia flooded the market last year) is that it has done huge damage to the US shale industry. That means once as the world returns to normal there are less competitors around to supply oil so painful short term but should lead to higher oil prices in future and larger cut for Shell and others that are left standing.
Also companies will be less likely to go back into shale after this so should be good mid-term future here and at BP.

looks like democrats might win both seats in Georgia.
If so should be good for us as they will no doubt go all out on stimulus without needing republican votes.

the AstraZenica-Oxford vaccine is basically an empty shell of a virus (chimp flu) which they then fill with the DNA to create the spikes (coronas) of covid. When the vaccine goes into your body it make some of your cells grow the spikes which your body reacts to. That's why when/if you get covid later your body already recognises it and has the antibodies, white blood cells, etc to kill it before it is able to multiply.
AZ already said when asked about the new strains that it would take 4-6 weeks to update the vaccine.

TBH I'm more unimpressed/concerned how UK have decided off their own back to leave 12 weeks between shots when the vaccine companies are saying they haven't trialed it at that length gap. Also we don't know yet how long the vaccine will make you hold your immunity so that will be important too, though flu vaccine is available each year so maybe this can become 'normal' each autumn to get your shot.

Back to Shell, I think you have to be bullish at this level long term though in short term it can easily get pulled down by general FTSE but in reality lockdowns in UK doesn't affect us, but a lock down in US would.

I guess oil prices which seem to be up today (also why BP and Shell are up big).
OPEC+ are having a chat so hopefully means they are not increasing the amount they are producing.

yes ignore that bit, you can't delete on here which is kind of annoying when you make a mistake

@thetwopp thanks for this, very useful.
This still looks like it should come good to me, even if just because the pandemic is going to force so many more potential customers to become more digital.

I didn't expect the big jump in share price over last couple months though (obviously or I wouldn't have sold so low), and get the impression MF is like a python that has just swallowed a deer and it will take a long time until it is fully digested.

The push of companies over next few years towards digital transformation will at least help get the debt down and recurring income from licensing should make it easier for management to plan their budgeting.

I have a long time frame so would probably prefer getting debt lower to bringing back dividends quicker as feel there is better use of the money than just sending it out of the company.

not bad considering we only make about £160k in annual revenue.
I know we are ethical but don't see any reason not to at least take enough to cover this years and the likely next year's profits.
If things pick up quicker in the next few months we can always pay some back.

bit of a drop today, though the grant of £9,000 per property should help assuming we decide to take it up.
98 UK stores so almost £900k if we take it all.

@Thetwopp you seem to have good knowledge of the company having worked for it.
Interesting after reading your previous posts that despite leaving MF and feeling/knowing it was doing badly with HPE you still put your money in here.
Was it because you felt confident that MF would turn it around or just that with the drop down to around £12 it was sure to go up because "How far can it go?!".
Personally I'm in around £8. Actually was lower but sold some off earlier in year and lovely loss to fund other investments.
I am torn TBH as this 'SHOULD' be a great investment at current price, but I have already put a fair bit of money here and think it's always wise to question your investments to make sure they are still sound.
Anyway I think you said you still do work for them so though might be hard to know yourself, do you feel confident they are turning things around or only hoping?
Also do you have much insight around Vertica, IDOL, ArcSight and Fortify and their future benefits to the company?
thanks

The FTSE 100 is up so much today because of miners and that seems to be people expecting inflation and so the price of iron, copper, coal, etc to go up. Also miners seem to be the one area that has not really been effected by the pandemic and the far east is open for business.
Any stocks who do a lot in the UK are not fairing so well (I know we have big rise in US but we are UK centric for now) so IMO that is why we aren't up.
Fundamentally nothing has changed so no reason to sell Boohoo at moment and maybe you'll get to add more at a discount if you wish.
No point trying to guess what may happen to stock price one day (or even week) to another but in longterm there is no reason not to expect this higher.
At least it's not a travel stock!