UKW has very much weakened its equity base by aggressively buying back its shares and paying generous divis. The bill has now arrived in a collapsing SP. Surely it should have been using its spare resources to invest in what is a growing industry.
RE: Still a steal below 130p.... expect more bidders to surface15 Nov 2024 09:06
CMA will block this, hence SP well below offer price. It is now in nomansland, split between falling back or going up waiting to see if somebody else steps in or not.
Should you believe the SP of Diageo is depressed, suggest you buy them rather than LTI, more especially if you think the Donald will spare the Scotch industry his tariffs.
Coz of more ugly extraordinary items, which are not extraordinary but an ongoing cost of business from poor decisions, plus big cash outflow, some of which self inflicted from buying back shares.
There are lots of wrecks in the financial services industry. They cannot keep up with the US big boys and their cheap trackers. Even LGEN struggles to compete in the tracker market, despite being the first mover in the UK.