Member Info for Sirius50

If I hear (from others, not on this BB) "the results are already baked into the share price" one more time, I might just jump off the nearest cliff.
Let`s hope not!
S

March 15
Today, the Board of Directors of Columbus A/S has decided to propose an extraordinary dividend payment of DKK 6 per share. The distribution takes place with earned profits arising from the proceeds in connection with Columbus’ divestment of To-Increase BV (cf. company release no. 2/2021 of 26 January 2021). As a result of this extraordinary dividend payment, the Board of Directors has decided not to propose distribution of ordinary dividend for the fiscal year 2020. The proposed extraordinary dividend payment must be adopted at the Annual General Meeting which will be held on 27 April 2021.

The adoption is a formality. As for the spread: bid of 14.92, ask of 15.01 on HL.

Notice to convene AGM March 22:
The Board of Directors proposes that the Company distributes an extraordinary dividend of DKK 6 per share. The distribution takes place with earned profits arising from the proceeds in connection with the Columbus’ divestment of To-Increase BV. As this transaction was completed in January 2021, proceeds were not earned until after the end of the financial year 2020. For the fulfillment of the requirement in section 183 of the Danish Companies Act about presentation of a balance sheet, reference is made to the attached interim balance sheet of 31 January 2021.
The Board of Directors recommends that the extraordinary dividend payment be approved.
S

Hargreaves Lansdown : Yes, same day.
T212 - No not yet.... You get what (you don`t) pay for

I don`t normally usurp boards to ramp other stocks and won`t do so now only to share with those on here what is in my view a no-brainer. COLUM go ex-divi 28/04. May 3 is pay out at DKK 6 per share. That is 68.8p at today`s spot. The close today was DKK 14.98 or 171.9p. This is then a 40% divi.
Withholding tax is 15%.
The risk here is that a sell order after May 3 won`t be filled (as people exit). Other than that, there isn`t any as I can see. This is a windfall divi following a divestment of a subsidiary. The CEO was removed by the Chairman following a collapse in the share price which has now stabilised and bounced back and this is a further attempt to woo further investors.
GLA
S

Ah I see - okay - thanks .
Well, whatever works for you L means you are doing something right!.
ATB.
S

A return of 3.75% annually seems awfully low when the 10 year USD risk free rate is 1.7%.
Assuming a beta for SLP of 0.9 and an ERP of 7.6%, my discount rate is 19.75%: (1.7 + 0.9) * 7.6
(This is South Africa after all.)
Higher the discount rate, the lower the valuation so I`m being conservative.
S

"And they with all that, SYME still managed to increase there client numbers. Not bad hey!!
Just looking at the numbers grow every quarter, only suggests the company is doing something right?"

Yes Alessandro. Absolutely. What ever you say.

"Heaven is cold, without any soul, it`s hard to believe, I was so in love with you"

https://www.youtube.com/watch?v=hyjGWgpU7hA

"For clarity, the gross origination also includes commercial opportunities postponed or lost/ not eligible."
Add to that someone under a fk NDA.
Feel some sympathy for any holders of this stock. AZ is laughing at all of you - it`s that stupid Cheshire Cat grin he always seems to wear...how many more red flags need to be waived.
Equity raise and dilution will be here by Q3 would have been here sooner but for the suspension.

Wow, who would have thought a close today at exactly the same price as yesterday 112.50. A day of very strange price action. Still, todays huge long candle forms an excellent hammer at the bottom of a downtrend, hopefully indicating a reversal from here, or at least a good solid bottom for now.

Wow indeed!
Stu - calm fella!!
P

double top predicted the fall to the hammer and gaps up today all good news...
https://www.tradingview.com/x/fJofmkNl/
S

The stochastic is (for me) the most reliable indicator.
https://www.tradingview.com/x/MO6AvfYh/
Last time SLP hit oversold (and it is bang on) was back on July 3 2020 and look at the trend since then!
A more logical reason for this fall is nothing to do with the business or the fundamentals, it is a seller profit taking. If I have a million shares to offload who will buy them at 130p? Answer, no-one. Or 120p?...(hmm maybe), 115? Now ya talking.
Just my feel. I have no evidence of that. I could be wiped out if this tanks. Bought into PMO when it was at 118p back in Q1 of 2020 and watched it swallow dive down to 10p 6 months later. I finally exited with a 15% profit counting my lucky stars.
This isn`t PMO. I have this fair value at low 220s. Happy to wait, hold, and no loss of conviction here. Just Mr Market doing his thing.
The SLP ol` timers on here have seen it all before and no doubt are as relaxed as I am.
S

Topped another 2,500 (shares). Top holding now.
Conviction never stronger.
This has been a gem. May it continue.
GLA
S

Bang and TBTT - thanks! Food for thought there.
S

So, THS is 144p (PE of 11) and SLP 115p (PE of 8).
What valuation or pricing method are you using to conclude THS is better value than SLP.
Genuine query.
S

38% divi if anyone interested. SP = DKK 15.5 . Divi: DKK 6kk. Price holding. Pays out in a month.
Withholding tax is 15%.
Quick in/out 25% no brainer.
You`re welcome
S

Assuming capital of £1,500 with HL there is a transaction (in/out) fee of £23.90 bring the principal amount down to £1476.10 their bid is 0.178 = 8,292.7 shares their ask = 0.173 so if sold immediately would be a sale of £1,434.60
with T212 on capital of £1,500 their bid is 0.1828 = 8,205.7 shares, their ask is 0.1702 so if sold immediately would be a sale of £1,396.60 .
A difference of £38.03 or 2.54%.
HL lags the real-time price. T212 doesn`t. As I was writing this ,T212 bid price went from 18.08p to 18.28p with HL still at 17.8p
S

In other words, more than £1,550 to spend?
Go to HL.
If less, go to T212.
(At current prices.)
S

So atow the difference in price is 0.28p with HL bid at 17.8p and T212 at 18.08p so that means a 8,534 share buy makes no difference. More than this use HL. Less than this use T212.
(Does not include stamp if applicable. Assumes a non-frequent trader with HL so max fees of £23.90 - £11.95 entry/ £11.95 exit applies)
S

https://www.tradingview.com/x/a2cPKXod/

indeed!

I have "Security Analysis" on my bed-side table (one day I might finish it)! which page(s) is this set out?
Not sure that is what these legends of value investing thought. The point is simply surely that you cannot take a risk-free rate derived from a long term (say 10 yr) sovereign bond and use that to value equities. The two are completely chalk and cheese. Equities (obviously) carry much, much more risk than bonds. The risk free rate (sovereign bonds) is added to the Equity Risk Premium (depending upon the risk profile - Venezuelan IT start ups = 25%, FTSE blue chip = 6%) to give a cost of equity.
If there is debt, you bring in the cost of debt and put the two together to form the cost of capital which is your discount rate back to NPV
One can also use a price multiple.
But I don`t know of any method which uses a risk free rate to value equities without adding in some form of ERP.
Anyway, what works for you works... so that is all that matters!
S