Member Info for Sparks21

I too voted against but feel forced to accept the offer which will mean a decent loss for me too. Don't be put off. Quality companies, lots of time in the markets and lots of research and you will do OK I reckon. :)

In hindsight, this one was a higher risk lower quality company for me and they unfortunately appear to be screwing over the shareholders for their own benefit.

Rookie Girl: If you have tendered your shares in the recent offer then you will get over 6p per share (6.27 if I recall) around the 24th December. If you have not tendered your shares then I believe they will potentially be untradable on AIM after the 23rd of December. - Liquidity could then be severely restricted.

- Options:

- Hold shares privately, with limited disclosure and uncertain exit opportunities.

- Explore off‑market transfers if a buyer can be found (often at a discount).

- Monitor for any future corporate actions or exit offers from the company.

Personally, I'd just be selling them before they are delisted. But others may disagree and ideally you would seek out professional advice if you are unsure.

Reassuring to see some timely director buys.

Though disappointed to see the share holder value being destroyed like this, I'm glad to see all validly tendered shares are being accepted and bought back. Draws a clean end to owning this dog.

Morning Trotsky. I agree. I'm not suggesting they borrow additional money to facilitate a buyback. More debt is not the answer.

The one year short chart looks interesting. Looks like it could be a change in direction.

Those who didn’t tender are left holding stock in a company that may soon be unlisted, with limited liquidity and uncertain exit routes. That may well tend to push prices down as some investors scramble to sell before the delisting.

Of course everyone invested here would like to see revenue and margin increase. That is the turnaround we are waiting for. At an effective interest cost of about 4.5%, paying down £100m of debt would save roughly £4.5m per year in finance charges. That’s a steady but relatively modest benefit, improving resilience and freeing up cash flow gradually.

Buyback: Using the same £100m to repurchase shares at ~156p would retire about 64 million shares (roughly 6% of the current base). That would lift EPS by around 6–7% immediately, taking FY25 EPS from 31.8p to about 34p. At today’s depressed valuation, that’s a much larger “return” in terms of per‑share earnings accretion. Buybacks would also reduce the annual dividend cash outflow by nearly £10m. A couple of years of 100m buy backs would be a good use of funds imo, then, when the MCAP has recovered and the sentiment has improved, debt reduction would make more sense. I'm not suggesting we don't pay a dividend or reduce debt, we can do this too along with buy backs. Simply saying buybacks don't work is rather hollow unless you can back it up with some solid researched ideas. The move from Luxembourg suggests it's on the cards either way.

I'm really struggling not to keep topping up here. Just sold a third of my BP shares to facilitate.

If B&M were to carry out a £200m buyback at the current share price of around 156p, it would retire roughly 128 million shares, cutting the share count to about 872 million. That alone would lift earnings per share by nearly 15%, taking FY25 EPS from 31.8p to around 36.5p, and at today’s price the P/E would fall to just over 4. If they doubled that to £400m, the buyback would remove about 256 million shares, leaving 744 million in issue, which would push EPS up by more than a third to roughly 42.7p and compress the P/E to 3.6. A more aggressive £600m buyback would retire close to 384 million shares, leaving only 616 million outstanding, which would drive EPS up by over 60% to about 51.6p and drop the P/E to just 3.0. In each case, the effect is highly accretive, and at such depressed valuation levels the buybacks would highlight just how cheap the stock is relative to peers. Obviously any buyback may well be more conservative but I'd be happy to see a cut in the dividend to help fund this.

I don't suspect that 6.27p is in question. The issue is, what percentage of the shares that they offer to buy from you, as they may not buy them all. This is probably the cause of the share price slip lately too. I suspect this is an unknown as no one really knows how many people will opt in for the share purchase.

OK. Confusing as info on this site conflicts with other sites. I think you're right though.

Guys: Isn't ex dividend day today? 12th is the payment day.

These results look good on many metrics though I think the lift in share price will be mostly based on the 21% increase to the NAV. Hopefully this undervalued stock gets lots of positive attention today. Gla.

I'm liking this RNS. Share buybacks are a great option imo given how undervalued this appears to be. Shows confidence in the company.

Interesting that they are rolling out the use of AI to optimise how they price their holiday and flight products. The solution utilises a wide range of data points including search demand, competitor fares, and an array of external market data to create the optimum price. Sounds a little like the dynamic pricing used for Oasis tickets! Joking aside, this could potentially really pep up margins.

There's a surprise = late bookings still mean bookings! Good update. Hopefully a good rise today.

I agree. This company has real momentum. Topped up to double my holding here at SP of around 4350 today. Results out in Feb should hopefully see this closer to the 5000 target.

Half year results out on the 13th I think. Probably some nerves around this. Fingers crossed for a solid update following the uncertainty around Trump tariffs pre trade deals etc. This looks cheap to me.

Not the best update but a 11% drop seems pretty extreme.

Thanks for the guidance. I have also complained to the FCA.