Member Info for tomglan

A lot of negative sentiment was already incorporated in the share price, results were in line with expectations and contained no nasties. Also a positive statement about LFL sales in last two months. Div increased and hopefully start to see benefit of Worldstores filtering through next year...

Sell my Plus500 2 days before next dividend and buy back on ex-div date. Simples.

I'd guess it's people selling (or hedging) to avoid paying the 25% dividend withholding tax prior to ex-div date. I had ESOP send me the forms and they are a pain in the behind!

Just hit an all time high - nearly $5000 per coin now. I've never been brave enough to buy any bitcoin (I prefer companies where I own a tangible, cash-generating asset). However, I'm happy to own Plus500 and sell shovels to the crypto gold rushers! Looking forward to results in late October?

From what I understand your buys are matched against another persons sells within their system. Any net exposure (e.g. more people buying then selling) is either hedged or limits put on future trades until such time as the exposure reduces. Therefore there is a good chance no one actually had to sell/buy bitcoin for you to make your profit. I welcome anyone to critic my understanding, I'm just going off what I've read from their reports

Not trying to de-ramp here but has anyone actually looked at the financials? The company only generated cash flow of £5.8m in 2017, however it has short term borrowings of £12m to pay back this year. How the hell are they going to pay that back?! Also, even more alarmingly, it appears to have a negative cash balance of £10.7m. Just look at the dash near Cash and cash equivalent and then go to note 4 to see the breadkdown. No wonder the board halted the dividends, they had no choice. You guys need to look at the financials or risk being seriously burned. Any else agree/disagree with this? - also posted on AVFN in hope of reply

Agreed, the covenants are now an issue unfortunately. Personally I'm going to wait until the tide turns and the ME starts green-lighting some of these projects again... even if that means I need to pay a bit more for the shares.

Has some good news been leaked prior to the 2Q on Thurs? :)

Weakening pound, poor results from M&S, continued pessimism about retail sector, and so on... good time to tuck some away for the future

I sold out between £0.80 - £1.00 after having picked up shares all the way down to £0.15. The board was very quiet when these were selling for 15p too! My mistake was selling too quickly after finally breaking even after so many months in the red. Good luck to all current holders, very good company. Just keep an eye out for too much money being held in Ukrainian banks ;-)

They are giving shareholders more options by paying a special dividend instead of conducting buy-backs. Shareholders are free to use the special dividends to purchase additional shares if they wish or they can keep the cash in these uncertain times. That's the idea anyway

Maybe they read the cash flow page where Next expects to return almost 9% (ord + special dividends) and still reduce net debt by £45m this year. Given they just hit their estimate for this year it gives more weight to those payouts also being met. That's what made me purchase a few more shares anyway

Need not get out of bed this morning for work after buying a big chunk of NXT shares @ £39 just after open. It's on fire today!

Usually the ex-dividend is about a 3-4 weeks before the payment date. Therefore you'd expect Next shares to go ex-dividend in April prior to the May payment of 45p. I expect we'll find out the exact dates on Thurs 23rd March (full year results). Happy to have picked up some more shares today with an 8%+ dividend yield due to these additional payments :-)

So let me get this straight: BXR Group is the second largest shareholder apart from the CEO in FXPO? They are looking to sell half of their holding (70m shares or 12% free float) to institutions for 110p a share... although the amount they sell may ultimately change. The RNS has certainly scared off a few buyers today!

The same Moody's that said the toxic assets that caused the 2008 financial crisis were 'safe'?

Are you trying for a hostile take-over? :-)

Next plc buying back big chunks of shares again at the current market price of around £45. That's 66,200 less shares to split the dividend by as of today... that's what I call a good use of cash :-)

Kinda guessed this would happen with the CEO selling off a big chunk at 50p. Waiting for low 40s or 30s before I buy back a small position. Still can't quite believe the speed at which the original shares I bought for 33p rose to 49p! Still very cheap by all accounts but need to take into consideration the considerable leverage this business has.

Let's hope it stays below £50 for a while longer - I'm starting to build a decent holding now... I remember wishing for something to cause the price to drop when the SP was £80... thanks brexit.