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SP will recover the company just needs to be streamlined a bit. They need to concentrate more on the online sales side, get rid of the stores that are expensive to rent and introduce new ranges.
I think when the kids range comes online that will be a major catalyst here. As I said before, fund managers don't increase positions unless they are confident.
PS: Thanks for the update scooter on the divi
Ex divi next week I think. Nice to see the share price recovering, I think the important thing to remember is that SDRY is NOT the only high street retailer suffering. I said in my last post this was way overdone and the shorters have had a field day.
Not many shares in free float here and with fund managers increasing their holdings in SDRY that's a sign of confidence. Interesting few months ahead no doubt.
Agree with your points and lets not forget, SDRY are not the only high street clothing outlet whose sales have declined. They are paying a good dividend and this will turn around sooner or later, the drop was overdone and the shorters have made it worse.
When fund managers are increasing their holdings here what does that say ? I would hate to see newbie investors give their shares up easily.
I've bought a fair lump of these and when I get my divi's I get more free shares. Result.
I've no doubt we will hear soon enough what is going on here. Whatever way you look at it this is going to be a very interesting few weeks/ months ahead.
In the Red corner we have JD wanting his company back being backed by ? in the Blue corner we have the board members buying what they can to stave off a takeover from JD then, we have the fund managers buying as well.
AA nearly at 14%, Artemis over 5% JD @18% not sure what the board members own in total ? Fund managers don't increase their holdings in a company if they are not confident of a good outcome.
Very slow day here today thought we might get a bit more volume considering.
Yes all a bit quiet here I know your strategy LOL... be nice though to get a few extras for nothing but cant see it. Looking around today it all looks a bit quiet nothing really to get exited about unless, I have missed something.
Grays How long do you have to hold these to qualify for the divi payment. I guess as we have just bought in here we don't qualify. Is that right ?
Correct Moreforus my maths is shocking !!!
Just had a quick look on advfn at the trades for the day. I make it best part of 9 million bought, against 380k worth of sells. If tomorrow is like today MOG will start to move in the right direction.
I make that around 11 million shares does anyone know how many are left to go before they are cleared ?
I do like this bit from Sacoil's website 24th November 2011 : SacOil shareholders ("Shareholders") are advised that the Company is still in the process of considering various proposals and potential transactions, which if successfully concluded, may have a material effect on the price of SacOil ordinary shares ("Shares").
That 595000 purchase near close of business today was a buy. Maybe people are starting to see the potential here.