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Hello chaps, haven't been following Saga for a while now. Any reason for the fall today? And what was the background please to the Caribbean cruise cancellations?
First covid, now Ukraine Someone upstairs is trying to tell us summfink? Don't know whether to top up here. Any suggestions?
Thanks.
Thanks for your response Taverham, I've been liquidating a couple of share to crystallise £24k CGT (between the Mrs and myself) so have stuck some spare back into capital into Barclays @£1.55p (incl costs). The rest goes into our ISAs and Sipps.
I'm thinking of coming back in. But quite apart from the uncertainty of future fines, there is quite a slowdown in Investment Banking due to the Ukraine situation.
I'm thinking if the price discounts all this. Any thoughts on this, anyone.
Thank you. All your assumptions are based on sp movements and (incremental) improvements in dividend per share. But all things beig equal I just see this as (larger than normal) fall on ex-div days. I still don't see it.
I'm just very surprised the Activist shareholder is not up in arms about this.
Could someone please explain to me what the benefit of the Capital return and Share Consolidation is for us as shareholders? It all sounds a bit of a financial engineering con to me.
For example, if we hold 20,000 shares. They return £20,000 in cash (@£1 a share). At the same time our holding is reduced by 5,000 shares (to 15,000 shares). In fact as things stand, our holding would be worth £21,000 less. To get back to our original portfolio weightage, we would need to buy back 5,000 shares @ £4.22 (for a consideration of £21,000).
If I wanted to raise £20,000, I could simply sell (just under) 5,000 shares. Or am I missing something obvious here?
Any answers would be much appreciated, with thanks in advance.
You still vomiting out your poison, Vankaway? A--h--e.
God. Biden is embarrassing... he's just delivered a rant that the Welsh windbag would've been proud of.
Just watched a bit of Al-Jazeera. Top class.
Theo, to be honest, I'm less than enamoured with 'Boom Bust'... they tend to bring on a gaggle of frankly eccentric cuckoo commentators. One has to watch RT (in the past) aware of its general anti- EU, anti- US, anti - dollar, anti capitalist, pro gold, pro bitcoin prism. Have never found it to be a Putin mouthpiece.
But its reporting of today's events has been excellent.
Another one which I like very much is Al-Jazeera, and (without watchig it) would have no doubt their coverage is also top class.
Have you tried it?
Is the chanel to follow. And no, it is not a Putin mouthpiece. Impressed by it's balanced, factual reporting.
That £3.50 figure is about right. What's really encouraging from the podcast is the confirmation that they're not going to get into M&A "at the top of the cycle". Show they've got their head screwed on right. The management sound quite impressive.
100
There there Gazzle... a couple of tablets and a cup of tea might just do the trick.
In fact , it's the Annual Dividend - not much different to 2021.
The Sunday Times is resorting to clickbait reporting. Very dissapointing.
Well, the Sunday Times has a clickbait report which works out at under £7.50 a share (including Special).... until you get through two thirds of it when it turns out to be Brokers' Consensus.
So there's the ballpark.
Might there be some stake building?
Just a thought.... Stan started Results day 5% down and ended up almost 2%. And up almost 4% yesterday. That's even before the buybacks have started.
By the way, so am I. Very overweight. :-)
And with these shares, which are the pick of the bunch, from a valuation perspective.
I did fix mine, Theo (through that Dragons Den thingy). Unfortunately my provider went bust, and was shfited back to Centrica at double the cost. They did send me a 3 year fixed offer, at an additional 25%-50% cost, fixed (can't remember the exact figure).
But my Centrica shares are up 56% in 6 months (in positive territory according to my Stock broker account, Scattergun). Not to mention BP and Shell - up 38% and 42% over 6 months, so am willing to grin and bear it and the lightly used petrol price rises.
Good point, TFE. I missed the "24 years". That's from 1998. He clearly has no knowledge of the 1970s and 1980s!
Heineken's chief executive Dolf van den Brink told the FT: "In my 24 years in the business, I've never seen anything like it, not even close. Across the board we are faced with crazy increases. It's kind of off the charts. "