Member Info for Rich62

Agree about overhang - yesterday you could buy initially at 147.25, sell 147.0p, much tighter spread than shown on level 2.
However mid morning, the bid was dropped to 145p - seemingly without any major sells and you could buy £10K plus shares at 146.4p. Obviously someone had dumped a load or was selling in the background without it being declared by the MMs.
I fully expect price to be walked down by MMs so that they can blend in yesterdays big sell in as a "buy" at sometime over the next day or so.
Its frustrating as an Investor that share deals aren't more opaque - I guess we just have to read between the lines and understand the MMs little games!
Roll on next week's AGM - hoping for a positive statement over trading in H1

MMs did a lovely little tree shake in the last half hour - to finish down 5.7% on the day at 257.5p.
- they are such rascals aren't they....

Gives me a lot of confidence that we will see solid interim results on Wed 8th Sept

GLA holders, Rich

Added more £1.52.

Kept checking and market makers had no shares to sell in last 15 mins...
Hopefully someone's tipped this or there is a leak of good news?

Its like snakes and ladders.....deeply frustrating after a good update.
Hey ho, may just to have to buy some more when they drop further for the next bounce!

SIS covered by Michael Taylor in today's on line version of Investors Chronicle, but as a trade only....

Majority of trades after close were buys (not talking U/T here!)
Total 489k shares bought after close in range 291p- 298p.
Minimal sells
Perhaps expect a small recovery in share price tomorrow??

Funny old game - shares..
Obviously the Non Exec Director who bought 100k shares at 326p on 16th June, thought them good value after solid Q1 trading results, yet here we are below 300p.
Buy and hold at these levels, I reckon.

Premier Positives
- Focus on brands with higher margins (moving away from non branded cakes)
- More low sugar, healthy eating variants
- Investment in brands through TV advertising etc
- Debt being paid down and lower rate loans secured
- Pension restructuring.
- Growth in International sales and use of Local Managers and distributors who know the market
- Dividend restarted after 13 years..

However Risk and Unknown
- Elephant in room = How far will sales fall when people return to work / start socialising again going to restaurants / cafes?
- Inflationary risks to raw materials, labour costs etc.
- Can brands become fashionable again? (were regarded as very dated until people had to eat at home again in pandemic)
- Healthy eating and obesity- In a post covid world, will UK Gov regulation get tighter on sugar laden products?

There's many who believe PFD have had a "one off" bumper year with supernormal profits that won't be repeated again, once CV19 disappears. Hence the shares are still being shorted and the share price fading after the results...

I'm a believer in the turnaround story and recent success. However suspect the share price may fall back to low 90s and the 1p dividend although a start, but not enough to prop it up significantly.

Looks like the weak hands are selling up - in the immortal words of Kevin Keegan "I would love it" if Scancell bring out a cracking RNS tomorrow!
Long term holder since 2012, patience is a virtue!
Rich

Last year the trade update for year end was out on 2nd April.
I'm expecting this years update to be out at anytime. Have added more at 134.8 yesterday for my ISA.
- H2 results should be solid and we have seen decent sized contract wins in early 2021, which drove share price up to 165p.
More upside than down here IMO.

Strong buy and in good sector of market - more working from home and use of cloud etc. require stronger antiviral software etc.
Rich

You might get another chance on Monday - the Market Makers love swinging this up and down in opening couple of minutes.
I'm hoping for less than 230p again to buy another chunk!
Rich

If feels like something is happening here - the share price is moving in a really tight band, even when overall market is up / down significantly. This despite huge individual share trades going through on a regular basis.
Some Funds are obviously making adjustments...
Perhaps when all the business is done behind the scenes, it will start moving back up again?
Rich

MMs loving walking this down despite constant 4k share buys this morning.
I've added at 231.7p - seems a bargain at this level.
Hold a couple of weeks and see where SPT goes..
Rich

Added at 111p. Looks a good buy at this price IMO.
Current range 110-130p - hoping this will take off again, when full year results are out in May, along with progress made in 2021.
Rich

Great set of results and love the dividend + special dividend, worth approx. 22p/share.
At 360p this is a 6% return.
I've noticed this morning that someone is dumping 5000 share blocks around 350p, so share price may dip a bit.
- I will probably add (and average up) if share price dips over next few weeks on low volume,
Goes ex dividend 9th April, pays out 30th April
Rich

I think its just tech stock pricing dropping following correction sell off in US last week.
Concerns over inflation impacting earnings on high p/e stocks.
Personally think its overdone and have added more.
Rich

Nice to see share price recovered on Robbie Burns (aka the Naked Trader) tip.
Back around 110p
Rich

Pleased with the RNS announcement this morning about the US acquisition - Good, growth stock making nice profits.
Looks like the market likes it as well, with SPT finishing 6.6% up on a day when the US tech markets have been battered.
Hopefully we can now push on back towards 300p with the FY results to be announced on Thursday 11th March.
Rich

Added at 229p.
Full year results are out in a week's time on Thursday 11th March.
We already know the basic results from the trade update on 18th January
= Revenue up 4% at $522m
= Operating margin at 20% (previous year 18%)
= Operating profit expected to be $101.5m (range is $98.4m to $107.1m)
Obviously some fund is reducing, but looks like a bargain to me at this price with 30%+ upside to year high price of 311p
Rich

Share price finally starting to move back up!
141p paid
Rich