Member Info for Owl85

Looking at this morning's RNS there's about £27m left in the kitty. 334m shares bought back since April.

Fast food - I believe there are regulatory issues around doing that. The amount being bought back massively outstrips the number of new shares issued for sharesave schemes anyway.

Chesh - I have to say at first glance my eyes rolled at the sight of the dreaded acronym of CLN being used, however as you say on further reading there are caveats attached to these. It might just make the SP a little sticky in the short term around the agreed levels dependent on the market they're being traded on.

Need to get some PR going in the runup to the AIM listing, drum up some interest, drive some volume, and clear them.

Could well be, the SP activity suggests as much. Maybe a tick back up from here on in, but I'd expect a quiet few weeks now.

RKB - any cricket involved during your trip?

Another extension, this time till Monday. From what I gather it isn't a lack of interest that's the issue, it's more of a lack of access for those interested at a PI level?

As far as I know, there's a daily and annual limit to prevent excess SP inflation, but theoretically yes, you could continue to buy back until no shares are left.

Got to say, this was coming from a mile off. No trading activity of note late last week. Still think this will come good but as ever it will take time.

A stumbling block may be it's listing on Aquis, not all trading platforms give access to that market. I've a substantial holding in MDH and they're moving to AIM to widen the investor pool.

That being said it seems to be generating a fair bit of interest even with limited access for private investors.

Could be 9.99%, could be 0.99%.

In for a modest amount @ 4.2. Nothing that I can't afford to lose if the SP doesn't meet the hype. Lets see what happens..

Trades flying in...

(watches tumbleweed blow by)

I'm torn on it.. on one hand the buyback is getting steady results in terms of SP, but they're now able to buy back far less shares per £ than when they started, making it a costly exercise, and the SP rise is also putting pressure on the yield.

On the other hand, committing to increased divs may push the SP into another bracket entirely as it makes tsco even more appealing to large investors, but it's also a position that is very difficult to unwind if profitability takes a hit at any point.

Unemployment rate up.

Buriedtreasure - 100%. There's some around who would be better sticking to betting on football and horses.

Just checked, the rolling total at the bottom of Friday's RNS indicated there's still a further £350m in the kitty. Maybe just pausing for now?

I did wonder the same with the lack of an RNS, I seem to recall that they tended to indicate this in an RNS in past instances though? Sign of strength in the SP if it is the case however, it's barely budgedbeven without that additional buying pressure.

Today is gonna be a good day, albeit just the warmup to the main event.

I'm gonna go 3), the market always knows.

The headline SP performance today is really overblown on here when you look at the actual trades. Down? Yes. But nobody has sold sub-3 despite what the bid/ask suggests.

Got to admit that I considered a short term trade on B&M when it fell heavily, however the instincts kicked in around catching falling knives so I stayed on the sidelines. The SP recovered a little but has started falling back again since.