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The shares have been taken out on loan - that does not necessarily mean they have been sold and also explains the fall over the last 10 days on very small volumes. The price is being wound down to meet an order perhaps (let's face it, the drop over the last week has been significant on very low volumes). Some shorting has almost certainly taken place; people have also panicked and dumped their shares, even though the fundamentals remained the same. Similar thing happened 5 weeks ago when the SP fell from 25p to 20p (shares on loan again) before the big jump Upto 32p. Question is, when will the buy back start this time?
Data exploreres is showing 4m Thorntons shares out on loan since last week. Someone is driving the price down and scooping up cheap shares. This is getting interesting, wonder if they are buying in anticipation of next weeks Update?
Cassic shorting going on here! Must mean good news in the run up to RNS next week.
You lot worry too much. Take it from an old a seasoned investor like me. Its not the daily, weekly or monthly movements you need to worry about, but the yearly ones. The 5 year graph - yes, go to the icon with graph on it above and Select 5 years and straight away everything will become clear. Only a matter of time before dividend. Takeover would be a bonus. So just relax you lot, take it easy, lock your shares away, don't worry about them and enjoy life!
20 stores closed to date. 30 more to go. Employee numbers have fallen from 4377 to 4205, after cost this this equates to a saving of £1.8m (this year and every year from now). Further cost saving will follow with further store closures - so there strategy is firmly on track The chairman had increased his holding in the company to 2.77%. Henderson Global Investors have also been increasing ther holding over the last month - currently today at 9.91%
Fundamentals Income Statement 25 Jun '11 26 Jun '10 27 Jun '09 28 Jun '08 30 Jun '07 Revenue 218.26 214.55 214.80 208.12 185.99 Operating Profit / Loss 0.85 7.58 9.74 10.33 8.85 You'll notice that 2011 profits falls off a cliff, but income (sales) have increased. So profit for the year including dividend has been taken as a one-off cost to sort this business out. Since this is a one-off cost, once the turn-round programme is complete, profit (and) dividend should return to pre 2011 levels, where it averaged over 6p per share over the previous 5 years. Plain as day! Even with all the transition, you will notice Thorntons still managed to make £850,000 profit. And not a loss as many people have been suggesting.
I agree. Good range of views on this board. Lots of potential with this share. Too many youngsters wanting to make fast money on the markets, when all you need to do is pop shares like this in your Self Invested Private Pension or ISA and leave it alone. I'm investing here, because the brand is very good, fundamentals of the business are very good, and at long last the company is tackling it business issues which are all indicating to a recovery. They have a strong funding lines from the banks until 2015 so cash is not an issue, and they have made a commitment to return to a progressive dividend. This for me is a no brainier to invest in. I'm here for the long term and waiting for the dividend. No hurry.
This looks like a classic crash and recovery company. I've seen this many a time over the years. My advice, is don't just look for making a quick buck by capital appreciation (share price increasing) that you will almost certainly get here, selling at 40p/50p/60p etc, but, instead look at the longer term dividend option. The company has announced in its last trading statement that they will be pursuing a progressive dividend payment after recently cancelling it to focus on their new strategy. Now consider this: I could buy at the current price of 30p and if the dividend is restored to it previous levels of 6p over the next few years, then that would give you a 20% return. Even if the dividend is restored to half it's original level, then 10% is fantastic if you want to hold it long term in you Self invested private pension. Not very many opportunities like this present thselves, so I for one will be balancing my pension portfolio with Thorntons!.