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I expected results to be excellent as per the trading update end of March and was not disappointed, the divi up 50% is a bonus! Strange market reaction to a positive set of results and a great opportunity for those looking to invest IMO! As 5rule said directors also showing support at this price.
IC view today 25/05/2017 'We think the dramatic share price dip is an overreaction. Like-for-like sales are still growing and the margin has so far held up, as has the return on investment. Trading at around eight times forward earnings and at an almost all-time low, consider this an opportunity to get in on a growing business that is forecast to offer a dividend yield of around 4 per cent. Buy.' Not the full article and DYOR but nice to see a positive update, hopefully we'll see a rise over the next few weeks/months.
Jeffries International initiates coverage today with a Buy rating and 250p price target.
I bought in Friday staggered as to how the RNS update from Friday can reduce this company's value by 40%! 40%!!! Trading broadly in line with expectations, two bars that were closed for upgrades now should be earning, more bars opening and Summer around the corner! Bars are a difficult business to predict, high cash flow but high operating costs, just my opinion but this severe drop looks unjustified. I for one will be topping up if it drops further. On a side note the IC had this as a Buy at £2 as recently as 28th Feb.
Great company, even with the rejection/delayed approval of the generic Advair this has too many positives at this price, I had to have a little top up! Who knows what will happen short term but has to be a sound investment medium to long term.
Bonz1957 thanks for the example I didn't quite understand it initially. Effectively we will get the special dividend as we would a normal dividend in the form of a cash payment, however our original holding will be worth less in effect. I take it this will negate the need to reduce the share price by the value of the special divi on the day?
I could be wrong but Liberium must be rating a different share at 100p?! I can't see how it can be so far afield from the rest of the target prices. No idea about short term but an increase in production with both the sulphide and oxide plants fully operational combined with (hopefully!) a strong copper price should see us move north over the year. GLA
I acknowledge that I don't fully understand the way the notifications of major interest in shares RNS are formatted, however it looks as though Aviva increased their holding yesterday to over 3%, if anyone can confirm?
Given the unfortunate events leading to the drop in Acacia minings share price late on Friday afternoon does anyone think it'll affect our share price? It could even provide us with an opportunity to capitalise from it?! IC still has us as a Buy!
Financial Times -Inmarsat shares climb as a focus of takeover hopes 'Charlie Ergen founder of US Dish Network said there is "probably going to be M&A activity out there in the future" and that a recent swap of assets between Dish and EchoStar, its sister company, "aligns the asset in a better way to participate". Analysts have long identified Inmarsat as a potential target for EchStar, as the companies' spectrum licences could dovetail to create a global hybrid mobile-and-sarellite network.' Looks positive, nice to see a decent rise over the last few days! An interesting week ahead! GLA!
Watched the market most of the day without any significant changes, missed the last hour to find an email informing me of the 30% drop! Who on earth thought it would be a good idea to update that late in the day?! Escrow Division doing well with potential for growth in the Assurance Division does sound positive, but how they've got it so wrong up until now is beyond me! Surely with this sector in demand there will be some recovery after restructuring the business?! Does anyone know off hand roughly what percent Assurance to Escrow is of the business?