Member Info for richred_uk

£36.74 as I type versus a close yesterday of £36.86 on here, £36.81 on Google - so the ex-div drop almost wiped out in a morning - think the company will be issuing a buy back RNS tomorrow? As a side note, when I tracked the last quarter's buy back, I couldn't work out what had happened to the dividend from shares that were bought back cum-div (23-28/2) - I reckoned £188k roughly of dividend that the company saved but didn't seem to add to the latest dividend distribution - anyone else look at this and find an answer?

A post of ADVFN says announcement tomorrow, but I can't confirm that on the investor relations section of the website. That does say that the record date for the dividend will be 25th August (on the Financial Diary Tab), so ex-div 24/8 and announcement tomorrow would seem to fit that timetable. HTH

There's some excerpts from the law suit documents being discussed on Dakkadakka - to be fair to the plaintiff, he comes across a little 'challenged' "GW ‘Investor Relations’ webpage betrays their criminal intent (as well as socio-pathology to ethics regarding the Great Debt they owe to the America Stores that made them" "Their aforementioned deceptions and lies manipulate the market to increase demand for little plastic pieces that cost 3-cents to mass-produce. They over-hype product and limit its supply to create the illusion of an over-demand condition. Defendants create pure artificial demand. They pre-sell items to Plaintiff. Then they short Plaintiff Store’s pre-purchased supply – stealing it back to re-sell Plaintiff’s property at their absurd 50,000% marked-up prices."

The change in dates was announced in the half-year report 2/12/16 when they announced that the £10 per share would be split between dividends and buy backs: "In February and August each year, the Company will announce the dividend to be paid at the end of March and September, respectively. This will be calculated as the absolute value amount to be delivered in the six months (£138.8 million based on the current shares in issue), less the cost of any share buy-backs undertaken in the relevant period. Going forward each subsequent relevant period begins on the date of announcement of the dividend for the previous relevant period." Just for reference, the SP was £27.60 at the end of 2/12/16 when they announced the buy back and about £35.50 today - a gain of roughly £8.00 a share versus a loss to date of roughly £0.55/ share in dividends (and a gain of about £0.02/ share for each of the future dividends if there were no more buy backs). I'm sure the gain isn't solely down to the buy backs, but overall I can't say I'm unhappy with the performance.

Indeed - today's bump means that if I include divi's, I have tripled my money since the end of Mar 16 (sort of makes up for Carillion in my portfolio). Every time I think how are they going to keep it going, they seem to. It must steady at some point, but it's a great ride to be on.

Good man, I bought 2 of the made to order Vampire BB teams last week, with sales like this we'll see 15 so before too long 😉

Are people getting over-excited buy 8th Ed 40k? Or am I under-estimating it - if it is causing a lot of excitement (and more importantly, spending) would that justify the gains? Seems a stretch for me, but one I'm happy to ride.

bbc co uk/news/uk-40357280 "Survivors of the Grenfell Tower fire are to be rehomed in a luxury housing development in the heart of Kensington, the government has said. Sixty-eight one and two-bedroom flats have been acquired at the Kensington Row development, it added. The apartments are "newly-built social housing" in a complex where the price of private homes starts at £1.5m. At least 79 people died and many more were left homeless after fire engulfed the west London tower block a week ago. The complex includes a 24-hour concierge service and a private cinema, the website of developer St Edward's says. The Department for Communities and Local Government said extra public money had been found so the flats could be fitted out more quickly. It said the "expectation is that these new properties will be offered as one of the options to permanently rehouse residents from Grenfell Tower"." This is one of Berkey's recent developments - berkeleygroup co uk/property-developers/st-edward/our-developments

Very quickly scanning today's RNS, it looks like L&G used to hold over 5% of Mears group, but now only hold 3.72%. They have to announce that they are below the 5% threshold (and IIRC would have to do so again if they went below 3%). It's more of interest to Mears shareholders than L&G IMO (unless you are an avid follower of L&G's investments).

Just been told by my broker that the IPO was scaled back to 15% which is too low to think about just cashing in and flipping, so I'll hold the tiny amount I get and add as and when the price is good or there's further discounted offers.

No, I've seen this described as a "get rich slow" trade and what I'm investing is with an eye on 20 years' time to take the returns, so that works for me. Seeing as the price has held well above the 136, the 'cash in' was more a question for me of what (if anything) I'll get allocated and whether to take the profit available now to invest elsewhere, or to file them away as a core holding and continue to add whenever the price looks attractive.

Cheers for all the feedback guys - useful insight into the market thinking on this share - I've stuck a small-ish IPO application in - will see if I get any/ all in a few days and then it's either a slow build up on price drops/ future discounted offers or a quick cash in(but most likely the slow build).

Thanks Johnbri - that makes some sense - the premium to the offer price is essentially the price to guarantee stock, the offer is a gamble of being scaled back/ left out. Easy-Livin - correct I own none right now, but I can apply through this offer via AJ Bell - it's just I am not guaranteed to be accepted for the volume I apply for (or any at all), existing holders get 1 guaranteed acceptance per 11 held iirc.

I'm thinking/ intending to apply for some shares in the offer next week, which would be my first shares in BBOX. I would get these at 136 a share, no Stamp Duty, no Dealers fees. Why would people be buying shares today at 141 rather than buying into the offer? I know that there's a divi attached to the current shares, but that's only 1.5 ish pence iirc. Is it purely a premium to be guaranteed of getting shares whereas the offer isn't guaranteed and could be scaled back?

Credit Suisse started covering a bunch of insurers and listed LGEN as underperform with a 215p target - that will probably have contributed.

After yesterday's buy back I make it £0.855/ share, but that assumes that the dividends that were 'attached' to the shares that were bought back pre-ex-div (£188 k) aren't added into the dividend pot. I now make the March 18 divi onwards £1.016/ share. All assuming that the buy back on 5/4 is the final one ever. Just to note, the first buy back totalled a touch over £21M, the second tranche so far totals £22M.

Gosh it doesn't feel like the buy back was raiding the dividends in order to boost the share price in advance of this sell off at all! I was fairly neutral on the buy back in isolation, but watching a tumbling SP doesn't fill me with confidence that my interests are anywhere near the board's top 10 priorities. Convince me that I'm wrong and just grumbling at a red numbers day. Please :)

I'm split on the message to take from the Shadow War / not-romunda sell out. It lasted 19 minutes on the UK web store. If GW intended this as an ongoing gateway product to their range ( and I think they should), then that's horrific amounts of cash left on the table unless they bring out a very swift reprint. Shows huge market demand, but an inability to maximise the turnover/ profit from it. I don't so much mind the sell out, but I want to see the company move swiftly to capitalise on the disappointed customers. That will be a real test of if the new management has developed past the Kirby mind set.

Blimey - I'll take that thank you very much (do you think the board knew it's my birthday?) - in a little over a year, this share will have yielded about 20% of it's purchase price in divi's. Now why did I put my other investments into other shares diversity be damned!

The comparative figure for last year's dividends has been adjusted down to account for the bonus element of shares in the rights issue. Essentially if you took up the rights issue you got some 'free' shares, and last year's dividend comparative has been spread across your number of shares last year plus the number of 'free' shares you got.