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Agreed , there is nothing mystical about 300p .
The difference between 299 & 300 is not worth worrying about, but 400p where this share should be is well worthwhile hanging on for . If it takes two years whilst paying a strong div on the way who cares ?
ATB
Don't worry about it .
This has had a decent rise over the last few months so probably just bit of extra profit taking , the LT trend is still up as it should be for a stable well run company on a silly rating paying an almighty div.
When Brexit is sorted out ( if ever ! ) we should get a re- rating.
ATB
all the retail woes these are very credible results . Ignoring the interim & special divs just the final div amounts to a yield of approx 3.5 % .
Trading is sometimes a bit thin so shares can be hard to get , my shares will certainly not be offered to the market .
by the fall from recent highs the market was expecting a flat update .
Taking the div into consideration this now deserves a re-rate to new highs , don't suppose it will though with the negative projections for world trade.
I certainly should have added on the earlier lows.
Fred very succinct post.
I had written off my holding here a long time back and they most certainly will not be screwing me for more cash
ATB
a begging letter from the chairman in the post, imploring me to support the deleveraging plan.
What a neck ! If the directors who are recommending it are not going to take up their allocation how can they expect the rest of us to cough up ?
Good money chasing more losses .
On a quick glimpse the results look excellent.
Most importantly a div increase. Looking ahead the macro environment does not look very promising , but the company have shown that they can handle change and the business model is moving to accommodate change.
Deserves a re rating , having a strong balance sheet and div which at worst should be sustainable.
I don't suppose there will be a sudden rush to buy but I will be adding on any dips.
I was interested in taking up the open offer shares until I noted that the directors who are recommending it will not be taking up their entitlement . Unbelievable.
If the Coltrane deal gets rid of the directors ( without recompense ) it would be a huge step forward.
Be nice if that was the case..
The " regulations" are a farce pitched deliberately weak and open to interpretation . More shenanigans go on in the London market than just about anywhere in the world , that is one reason why it is so popular for new listings.
Just compare the financial kicking meted out to Musk by the US authorities for a dicey social media comment , with the interview in Parliament meted out to directors and auditors of Carilan having issued totally fictional statutory " regulated " results by the " british authorities "
What a joke.
ATB
The reason is manipulation pure and simple .
Yesterdays close was 191 so why in the absence of an RNS or any other input did this open 3% down @ 185 ?
Because the MM's are looking to trip stop losses and sweep up some cheap shares . With it's limited trading volume they can allow this share to trade anywhere between 170 - 200 .
This is probably one of the most manipulated shares on the market.
Yep today's fall seems overdone . I still hold here, not too bothered with the sp because the total div / yield is approx 6 % and it is likely to be maintained .
A lot of negativity around at the moment with trumps myopic trade disputes / government shutdown / Brexit concerns / some director selling ,so I will hang on before adding , we could yet see another market downturn and the mm' s will mark this down with glee in a thin market.
GLA
Entirely up to yourselves whether to sell of course.
My outlook here is that the yield including spec divs is +10 %.. Smarmy carney I can guarantee despite his bluster will not be raising rates any time in the near or medium term , so the yield is very attractive..
The company now have sufficient stores to stop the roll out ( except perhaps overseas ) and rationalize the structure while maintaining / stabilizing income . So this IMO is a solid hold / buy. Just as an aside have a look at the chart taking note of the very erratic/ occasional huge daily volume and it is pretty obvious that the sp has been manoeuvred in both directions
GLA
ASOS had a high of +7000 this year so it must have had a PE of + 75 whilst barely making a profit and paying no div
( figures very approx ) .. It is still on a rating of 26.8 even after the fall
Whilst this company in the same sector is on a PE rating of 9.7 making a good profit and paying a strong div.
It's a mad mad world . Admitted that growth is factored into the rating , but I know where I would rather park my hard earned .
ATB
Welcome , I have held here for years . should hopefully stabilize around here .
If you want another good entry point check out my two posts today on CARD
ATB
Without checking out the whole of the index difficult to know .
If it does it will have a minimal impact . I will be holding here for the div even if it is cut 50 % it will still be pretty strong .
The short positions are being cut , now down to 1.4 % so the shorters are getting wary.
ATB
So the retails travails now extend to online and ASOS issues a profit warning while plunging 40 %
The hard pressed " consumer " must be really cutting back , about time too, there is no need to change your wardrobe contents every couple of months.
Seems to me that CARD has been unfairly caught up in the sector plunge . The hard pressed " consumer " will not cut back on the socially ingrained requirement to send cards ,but he / she will feel obliged to seek out value by purchasing at CARD.
Want proof of this ? Check out your local shop .
purchase today which is encouraging . Lets hope the new management can stay more focused.
Also encouraging is the potential for a general election and new referendum which should add very nicely to the revenue stream.
Yep just caught up in " events " in a weak market . The weaker £ will impact margins , but they probably have hedging in place so who knows ?
Yes fair update , the SP does not really concern me" investors " are apparently ignoring the fact that this is a profit making company paying what could be at least a 5% sustainable yield .
Hard to find elsewhere. Good luck all..
"
Yes indeed, just look at the virtually instantaneous financial kicking Musk got for posting some dodgy info on social media and compare it with the penalties handed out by the "authorities " for posting utterly fictional audited statuary results at Carillion .
Just an interview in the House of Commons !!
As is usual the wrong people were in the hot seat , the law makers should have been facing the grilling for allowing the existence of such slipshod " regulation " . That was in the main market at least here the shambles was on AIM
ATB