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Exane have downgraded this to 90p according to BBC website. Apologies if already mentioned
Having been in this for the last 2 1/2years, i have seriously considered bailing many times, at a huge loss. Finally though, with the departure of Alison Platt, there may be a small chance of recovery. Obviously it doesn't change the problems the company has, falling income/profit and huge debts but if the right person comes in maybe the staff will be more appreciated and perform better. I would hope the new CEO's deal would be more incentive's based on performance rather than loading the wages with non performance being rewarded. As we need someone to come in with a positive plan and if it works we will all benefit. Harriett Green is still available as far as i know and she did wonders in her last role at Thomas Cook. I just hope sentiment can change as well as the balance sheet.
Oh dear much worse than expected. Share placement of 9.9% shares and no final dividend. Wish i had never seen this share. Big drop expected today maybe around 15% drop? Long time for a recovery. Wish i had as much faith in their digital roll out being a solution to their problems as they do
Alberto12126 If you believe the divi won't get cut and the company is sound, then now is the time to invest. Especially as the divi is around 9% return. My average is £1.98 and fully invested elsewhere but would like to bring that average down if i could
Nice lift today of 5%, as i write, when there is so much doom and gloom surrounding the banking sector. Cannot find a reason for it, no news alerts or upgrades to speak of.......be even nicer if it holds for the rest of the week
Surely the Form 8.3 is just ADN informing the stock exchange of holdings within other companies as part of their portfolio, or have I got this wrong. This would have very little to do with the share price fluctuations. Please correct me if I'm wrong
With the recent increase in the Sainsbury share price at the current price of £2.655 this makes the deal on offer for Home Retail Group to be around £1.68 per share. 2.8p div 25p for Homebase 55p cash from Sainsbury £2.655 x .321 = £0.852p 85p + 55p + 25p + 2.8p = £1.68
Expect all sorts of rubbish to be written in the papers this weekend about secret meetings and talks on the edge.......I hope the Walmart rumour BruceJamieson talks of is real. I have seen one mention of this last weekend but dismissed it as a quiet news day. To get any short term lift we need a realistic offer of around £1.75 which might tempt both sides to agree, this would include the 25.6p due to be returned to shareholders from the Homebase deal. Without a bid by Tuesday, i fear we return to below £1 within 2 weeks.
So Toscafund sold 10m shares as they think the offer price is unlikely to be much higher than £1.30. Why if they are so pessimistic do they retain a 7.5% holding. Surely if they strongly believe this they would sell the lot. I wonder if this is a subtle way of forcing the bid a little higher? I am not confident a bid will come and sadly fear the share price will drift down below £1 once again. Hoping for anything @ £1.64 or higher and i think i will then bail out.
I was wondering myself but surely the bid would include the value of the Homebase sale as that would be an asset of HRG. A bid of £1.85 would then include the 26p. There might be a case for the new owners not paying the special dividend and using some of the proceeds of the Homebase sale to improve the rate of Argos sales within the the new Sainsbury group
Looks like your stop has been hit testpack3. Markets are volatile and unpredictable but 25% drop in 4 weeks for no apparent reason???? I am looking to get back in but want to see if there is another reason for the drop. Dropped nearly as much as oil stocks in the last few weeks
My understanding is, if agreed the £200m will be returned to shareholders via a special dividend @ around 25p per share. I had hoped for a little more of a boost to the sp today but i suppose the trading update didn't help. But with the proposed sale of Homebase, it would make life a lot easier for Sainsbury to take over the Argos part of the business without having to find a buyer for HB. That said i wouldv'e thought they might want to use some of the £200m from the sale to help with funding the integration of Argos into JS
Answer my own question. Just seen that the update is now due tomorrow, which is probably why the SP has dropped over the last 2 days. Would be good to get a positive report and one which gives investors confidence for the next 6 months