Member Info for testpack3

of 0.5p so decided to get back in and look forward to doubling my investment within 12 months, or sooner if there is a co buyer out there.

The co. announced an additional $27M share buy back on 7Aug., in addition to the previously announced $10M programme. The last sbb rns was on 14 Aug, at which time a total of c 942K shares had been repurchased.- by Liberum. The cash value of this figure is somewhat less than the $10M sbb that was initially announced. Although the total of �37M sbb has until Feb 2018 to run, no further purchases have been made. The Co stated that it has no jurisdiction over the sbb, and it is the sole discretion of Liberum. It has not bought any since 14 Aug. By my 'back of a cig packet calculation' there is still another 2.5M shares to repurchase at an av price of c�9. which is c 330K shares a trading day 'til 1 Feb 2018. I have previously explained why I am not a fan of sbb. and reducing the no. of shares from c114M to 110M will mean little difference in our cash divi payout, whereas $37M devoted to the sbb would have been a cash payout of 25p ps, less IWT. I would rather have had the 25p now than a 2 or 3p better off each year.

Agreed Botak. Typical AIM ( although there are some that are legit), feeding the masses 'jam tomorrow, which we have now had for at least 4 years. Toyoto producing EV's, and not a word of any tie-up with IKA. Also, an exciting area of research for me was in H2 FC technology which I see as a much greener path for EV's. What is happening on this front. Also, the metal anhydrides for H2 storage in H2 FC EV's, what happened with this research.? All in all, a bunch of muppets, out for themselves and lining their own pockets. Shameful.

Agreed perkylad, I think this is a bit of 'Chinese whispers', and bodes very well for next week.

It was stated that the current programme is to buyback $10m by 31 Aug. To date, and the last purchase being 14 Aug, the figure stands at c$9.4M. 2 days to repurchase $600k or c51K shares @£9.10. Only 51K shares. As previously explained I am not a fan of these bb programmes. There is a benefit if the shares are placed in Treasury, and these are used if BOD 'awards' itself shares under profit sharing or whatever, thus avoiding dilution. But with a further $27m to be repurchased by end of Feb '18, totalling $37M, that's a a lot of incentive. Now bear in mind, that this programme is included in the 60% payout to S/H as divis. This means that when completed, S/H will have missed out on 25p's ( less I W T ) worth of divis over the next 12 months., just to reduce the number of shares in issue by c3,4M shares or c 3,6% Doesn't help the S/H, unless you are going to be here for 20 years. ??

Sorry about that. Should have read first b4 posting. 'may not be wise since you will (may) be buying after spike when Divi is announced' gl

As all of you are aware now, after the ex-divi date the so will fall, probably returning to its previous RNS level. I would point out, that trying to sell at the market open price, hoping to get 16p, will result in disappointment since the MM's are not mugs. However, please bear in mind that the co has stated it's intention to close, or monotise all investments and not perdue any further ones. There may be an outstanding amount owed to the co. from Fields, from whom the £10M was received to pay this recent Divi. There are still 11 O/S investments, which may provide further income before YE Hence, selling after ex-divi date may not be wise since you will buy after surgery he spoke when next Divi announced

MrBB Last year it gave us a Notice of Results on RNS for RNS on 25th for FYR. I expect the same this year so as not to be caught with one's pants down. lol

yes, and at £8.77 will give us a £1B ( is what you meant, not £1m Polefox) MCap. I would like a FTSE250 entry since it would reduce my margin requirements on CFD.

Oh, and one more thing. Low volumes and the algos have the share to do with it as they please. get the proper traders returning and up it will go. imo of course. GL all. I keep topping up at, what I believe is near the bottom, 10K shares now, but 6K on CFD's.

Hi. The fall in sp of GVC I do not see as Paddy Power related! Their 1/2Y results were decent. OK, The CEO, Breon, decided to exit the co,. but not until the acquisition has been integrated, and Peter J, the succeeding CEO, has got his feet under the desk. I believe and hope it's the holiday season, and I fully expect a v good rise going into 1/2Y results in October, when a divi will be announced. All IMO of course

I like the £146M FY after tax profit suggested by Poolefox, This would have given us a FY divi of c 78p. However this figure would be reduced to c62p by the $37M share buyback programme, which is only accretive after 8 years as previously explained. I am not a fan of SBB - give the investors the money.

A quick move over from PLUS.!! What we need here is a sale of crates to Amazon, who I believe are moving into Home Delivery of food?This will have a big impact on Ocado and MS. As you know I sold out here sometime ago since I believe the FY results will be disappointing. JG said next year will be stellar, and I agree if he can get Amazon business.Will keep my powder dry and wait 'til FY result. GL

the BOD stated that the cash expenditure on the buy back programme is $37M, This will be irrespective of sp and means that the co is now buying less shares. The shares are being placed in Treasury, and not cancelled ( a better option for me). I presume the shares will ultimately return to the Register when the BOD award themselves stock options. It should have done last week.lol

and not something I'm going to use again.lol. In the £7.40's this has to be a screaming buy for a 20% uplift b4 YE. The CEO did state officially in a rns that the divi would return in 2017. Below is copied from rns Nov 2016. 'Absent of any significant capital allocations or investments and consistent with maintaining appropriate capital ratios, the Group plans to adopt a dividend policy of distributing 50% of annualised free cash flow, commencing financial year ending 31 December 2017. It is expected that payments will be biannual with an approximate split of 40%:60% between the interim and final payment. Furthermore, the Board will also consider returning any future excess cash to shareholders in the form of special dividends and/or share buybacks. Excess cash will be determined by the capital requirements of the business, together with the trading outlook at the appropriate time.' The FY'15 divi was 56Eu c/ or c 50p at ER 1.11. Since then of course BWin was bought and gave a significant uplift to profit in 2016 from 46.4M Eu to 93.8M Eu. The divi however, is payed on annualised FCF as indicated above, and with the acquisition of Bwin, and interest payments etc, and not being an accountant, I have no idea what the AFCF will be. Any A/c's out there willing to have a stab at AFCF, but with little info to go on, maybe not. However we will see a divi in Sept, but how much? Something to entice a move N I suggest.

will soon have a Billion pound MCap. . Happy days ( happy face emoji removed) lol

There are no disclosed shorts on SOU. Under 0.5% does not have to be disclosed. Also, fyi, when a short is closed, shorter buys, not sells.

Pleasantly surprised the sp is still heading N. Lots of profit taking at above £8. The question I raised yesterday was, would investors sell b4 the x divi date, expecting a fall after it, and forego a c16p after tax divi, expecting a bigger fall post ex divi date? Sorry that's convoluted. Post ex divi date, and in the run up to the finals, prob announce prelim. FY finals in Feb '18, I expect sp to be heading N again in lieu of v strong finals. Last years finals were comfortably head of 2 x interims. On that basis, I expect FY '17 to be ahead of 2x interims just announced. Last years net profit was $117m. Recent interim profit was $90M !!. or 77% of FY '16 !! If I say FY '17 will be $150M, and 60% divi payout is $90Mand 113M shares =79c = 61p less the 18p 1/2 y Divi = 43p less 25% tax =32p., and 47p for the year after Tax.Last year the co also paid a 'special' divi of 27c or 20p . If co maintains this, then FY '17 payout would be, less tax, 62p. If the sp then is a tenner the yield , after tax would be 6.2 % And think of the yield if you are holding with av sp in the 4,5,6,7,8 £'s. Still cheap IMHO.

Will be interesting over the next few days to see if shorters will 'cash in' their excellent profits. Check with investegate web site. google if required.. I wonder who the shorters 'borrowed' the shares from. Oftentimes a major investor who gets paid a commission on the value of shares 'borrowed;. When returned at the lower price - oops.

Or gas price, are inextricably linked. BTW great find for BP today ' prolifc gas find in shale in New Mexico' I'm of the view that H2 FC is the future, not batteries, since charging requirements take the C footprint back to the power station and the sourcing of battery materials. H2 can/is produced from Methane. Shell are the Worlds largest producer of H2, mainly from cracking Naptha. H2 can safely be storedin vehicles in plastic containers containing a metal anhydride which liberates H2 when stimulated. Containers , say weighing 10 Kg can be bought at 'garages' and old empty ones left for re- filling. No need for potentially dangerous liquid H2 filling at the garage. The one main drawback for EV's as I see it, is pricing. Tesla has recently announced it's mass market car, - what, at $35K + another $5K for basic needed upgrades. A mass market car needs to be under $15K. There is an expense with the technology, since with both battery and H2 FC EV's, technology companies have protection with patents and want a relatively quick return on their considerable investments, however, if amortised over say a five year period, and with increasing volume production, it should be a small cost per vehicle. The size I would suggest would be Ford Focus. One final point if u r still here, is this. Do Car mfrs want a car with a power unit costing much less than a P/D engine, requires far less maintenance, far fewer spares, all bad news for the lucrative Dealer Network. No. But they will still want to increase their shareholder value yoy by overpricing the EV's.. End of