Member Info for Russellba

The repurchase of shares programme talks of paying for the shares from cash generated from operations amounting to 34million quid. If they are doing it I assume they are generating cash and therefore profits.
Also I assume company will make a profit on these shares when the options are exercised at hopefully a higher price than the price they are buying them for now. Just a couple of positive thoughts

Donations were approved. Someone on yesterday’s thread just said that there were more votes against this resolution compared to the others.

Only up 3% on last year but ahead of budget! Are they budgeting for flat or negative revenue? What’s going on?

I think he meant 1750 DT shares!

The buyers of 25m shares in October at 750p are now underwater to the tune of approx £45m all together! They will be asking some serious questions

Yes - so dilution coming

The share dumping might be because of the late RNS feed where another 1.2m shares have been issued as a result of share option exercises. You would have thought these would have been factored into share price evaluation but it seems all very jittery at the moment

It is relevant as the 3 major placings in chronological order of 620, 750 and 580 set the various benchmarks

Yes - there have been 3 placings. This was on 1 October. See the RNS feed.

Hold on - the RNS says it’s a sale but the Directors deals shows it as a Purchase. What’s going on? Looks like they used the forms submitted yesterday and forgot to change the Sell to a Buy?

Thanks - well reasoned views and commentary from both you and Sage

Good point because most share prices would fly on the back of yesterday’s trading update.

Aren’t they locked in for 60 days?

Last placing was about 10% discount to previous days close. If same happens could be in the 570 area

They fiddle around with the spread a lot. Currently 9%.
Agreed though that it is a solid company and conservative in their outlook. The indicators from latest results indicate that full year will beat the latest forecast but they are sticking to the original full year estimate given. Expect a lift when full year results come out.

Agreed. There must be a wealth of experience here from different industries and past and current backgrounds. Let’s share this knowledge, research and musings to help all to do the best they can

Thanks Charles. I just looked at the lengthy prospectus of Vanguard’s FTSE 100 tracker and it seems to say that they ‘Rebalance’ quarterly in March June Sept and Dec. So this indicates that there won’t necessarily be a huge flurry of activity tomorrow if other funds are set up similarly.
On the other hand it indicates they can use derivative techniques to reduce risk which might mean they start investing early to avoid having to come in at a higher price on Rebalancing day.

I don’t see any significant buys going through if Tracker funds and the like are all going to fulfil their requirements by tomorrow. Or do these show up somewhere else? Just asking as not sure how that part works and therefore the information we are looking at it incomplete?

It almost had the feel of an IPO waiting for it’s listing tomorrow! (Albeit free 100)

I didn’t expect it to go down so much and so fast today. So I topped up early doors in the high 800s and kept buying in on the way down! Crazy day