Member Info for richred_uk

Just as I know we've both followed CTAG - take a look at G4M - that *is * in the middle of an interesting 2 days - I watched it last year and missed out on getting in at around 1.66 and it went all the way up to 7's very quickly - now it's down to the low 5's - must admit it's tempting me, but also niggles me as to whether GAW could follow the same path - G4M is probably closer to GAW than CTAG in that it's a real physical business, but like CTAG it's been massively hyped as the next big thing (in this case the next ASOS).

I'd be surprised, but then it's been surprising me all the way for the last 9 months. If they can turn out 75p + dividends this year (and that's a big if) then I could just about see it if people think it's sustainable.

iii co uk/stockmarketwire/395279/broker-forecast-peel-hunt-issues-broker-note-games-workshop-group-plc?context=LSE:GAW

That £10 a share is actually looking feasible rather than the analysts pipedream I thought! If it does get there I'll be close t o'bagging' on this one which I thought was pretty much penny share territory (in fact I think I'll get there at £9.90 if I exclude stamp duty and fees).

Just seen you also post and follow (but I hope didn't invest in) CTAG Dan. It's been an interesting lesson (from the sidelines) in the difference between a small but actually operating company like GAW and a vapourware startup (is that really the right description as they have been around for about 5 years?). Cemets my approach to only go for tangible companies at this point.

Ha and in comes an RNS to contradict my 'trigger' price straight away. Have to say that it does seem a very scatter gun approach for this buy back, and seeing as they have bought back before these shares go ex-div, what happens to the now unpaid dividends? Does that get added to the September pot? I'll keep watching/ holding for the moment, but I'm not sure I'd have bought in today with this strategy.

This was known already though. If it helps, the reduced share count means that the September payment starts at £1.005 (roughly) rather than £1.00. It seems that the 'trigger' for the buy backs is a price under £28.50 - when it's been above that there's been no buying (apart from the very first buy backs in January). I'm not personally a huge fan of the buy back here and hope that that SP stays high enough not to be used again, but I think the impact has been fairly low level, and if you held until the end of the current shareholder payment plan period you'd see about 1/3 of the spend come back in improved dividends at this point - whether the SP would increase by enough to compensate you for the 2/3 spent is the point for discussion I guess.

Any thoughts as to why we hit £9 SP today? That's starting to really test my resolve to hold, in a good way ...

Puff piece on Motley Fool: fool co uk/investing/2017/02/16/2-big-yields-and-growth-potential-for-2017/ Nothing that we don't know but publicity won;t hurt the SP

Just a clarification - my maths make it that currently the £1/ share that was expected in March will be reduced *to* £0.85 rather than reduced *by* £0.85 (assuming that no more buy backs happen). On the plus side, thanks to the power of rounding, my spreadsheet now shows that future dividends (Sept 17 on) will be £1.01 rather than £1.00 :) - it may not happen though as it really shows £1.00542/ share.

Tip of the hat to a very honourable and generous post. I only added in March 16, but thinking back to the company's actions in June 15 and AoS, I don't think anyone could have predicted the turnaround that has come very quickly (I certainly didn't - I intended to buy in at 5.00 with an eye to selling at 5.50 and repeating as the company bounced around, holding for divi's inbetween - it's just bounced so far so fast that I didn't ever implement the selling side).

L&G used to own above 3% of a company called SSP (14M ish shares), they now own less than 3% of that company (maybe they've sold some/ all shares, maybe more shares have been issued diluting L&G's holding).

No Shame in taking Profits :) Hope that the cash can work half as well in it's new home (any tips?) as it did here (or better).

By my reckoning, currently £0.85/ share if they didn't buy again. Every £1.3M spent takes about another penny of the next dividend (roughly).

If you go to the RNS section, read the half year report on 2nd December, it's all in there. Brief version is it will be declared in Feb 17, paid March 17, £1 per share less the impact of the buybacks. My maths currently has it at about £0.87 per share, dropping with each buyback.

All the publicity I've seen from it has been in geek groups anyway, but it can;t hurt :) I have to say that as a hardcore vegetarian, lovely liberal type, I can usually see what PETA are trying to achieve in a slightly cack-handed way, but this one ... nope, I've got nothing.

I think the next Divi is expected (but not yet declared) to be paid at the end of May and go ex-div at the end of April and will be 20.6p/ share (see the Trading Update RNS 8/12/16). Nothing until then.

2.7% lfl growth. Based on last year having been very strong and the store numbers growing I'm happy enough to sit and collect the divis.

Fingers crossed it's a good one. SP been taking a mild beating the last few days as I suspect people got a bit jittery. Hopefully it will push up with a good update as it did last year.

Including today's RNS, they've spent pennies under £13M to remove 457k shares. Based on 138.8M shares which is what the dividend pool of £277.7 M per year is supposed to be based on (IIRC - please correct me if not), the buy back means that the March dividend of £1/ share will be reduced by about £0.09. Subsequent dividends from Sept onwards (if the whole thing froze right now) would be higher by about £0.003. By my table, based on the pay out plan to Sept 2021, the scheme has a net cost of about £0.06/ share so far. Whether you think that the SP has been supported by more or less than £0.06 I guess is the crux of whether this has been a sensible use of shareholder funds. Personally I am leaning towards thinking no and I'd rather the SP was allowed to find it's own level and if I thought it was undervalued I'd buy more. That said, if the SP suddenly jumps up into the 30's then I might see the buy back as having been genius :)