hodgy2108 - your aunty sure does give you a lot of precise information. Does she give you this information on demand, or is it something she casually shares with the whole family over Sunday lunch?
If that data is correct, I'm fairly certain that CF can identify exactly who your aunt is from their internal records. They may not be best pleased with non-public information being shared with you and by you on a public forum.
Of course it may just be b*ll*ck5 in which case your aunt is in no danger of getting sacked.
Fingers crossed for tomorrow. Sincerely hope we've seen the back of the 50's.
I don't see the interims as being too far ahead of expectations but you never know. If the figures are not too exciting we could see stop losses being cleared out resulting in a bit of a drop first thing in the morning. I'm still hoping we end the day in the low to mid 60's at the very least.
The bigger impact on the SP will be the elephant in the room. It will be interesting to see if there is any detail on the debt position.
The lack of a special dividend has hit the SP quite hard. There has been some discussion elsewhere about the sustainability of growth post Covid but that issue didn't hold back the likes of Dunelm, which shot up 10% on results day.
Dunelm did announce a special dividend following a covid boost. It's disappointing that KGF went down the share buyback route.
The May 2021 RNS stated: "Subject to prevailing market conditions and upon taking independent advice, the Company intends to use its best efforts to raise net equity proceeds of £70m to facilitate these prepayments."
To my mind, "net equity proceeds" could mean net proceeds from the sale of new shares. Not sure why else they would be taking account of "market conditions" and "independent advice".
It is ambiguous wording, open to all sorts of interpretation, but it does point to an equity raise IMHO.
cneighbour - no idea why you think I can't read charts? The bid price was in the high 50s most of the summer then it spiked to 66 toward the end of last month. Since then it's been falling back from 66. That was the false dawn I was referring to.
I've held CARD since February 2021. Got in at 49.4566 so really have no desire to see the SP go down.
It is a fact that the company said in May 2021 that there would be a 70m GBP equity raise and this is why the SP fell back from the mid/high 90s in Q2. No ramping or deremping on a share bulletin board is going to change that.
I'm holding tight for now but look forward to the update at the end of this month. I hope that they can give us all some more information on the equity raise, if one is still required.