Member Info for Wanderer100

The RNS explains why he's sold. Selling 40K shares out of a 35 million holding isn't what's causing this near 50% drop.

There's still a lot to be wary of not least Trumps trade tariffs if he decides to apply to the UK. Having said that, it's good to see £10 breached albeit it's fallen back slightly. I bought in at £9.61 a couple of weeks ago and am hoping for a return to £12 PS by next summer.

Sadly not! 40% of the share price evaporated in 3 months. It was on the decline well before the Chancellor announced the NI rate increases although major employers saying they won't take on more staff isn't going to help matters.

Another £25 million (about 18 million odd shares) to be bought back after completion of the first £25 million worth. I wonder what the share price will be once this next tranche are fully purchased? Is £1.75 achievable?

Having bought at 0.56 and then seeing the share price drop to the 0 .20s, rise to 0.60 and then drop back down to 0.25 at the start of the year I never considered selling. The share buyback was a game changer and showed how confident of the future the company was.

Yesterday was a very welcome shift in momentum after 3 months of bouncing around the £1 mark. I sold half my holding at £1.24 and will watch the next 12 months with interest. £1.50 was my original exit price but I now think it may go higher. Well done FCH. It's not often you wake up to an RNS containing such positive news.

I agree. £2.50 at todays issued shares total would value the business at £800 odd million which seems high.

I think a £1.50 valuation is a lot more realistic and that's the target I'm holding for. A few ups and downs between now and then no doubt. Deutsche have been rating a few of the drinks suppliers as well and seem very ambitious with some of their price targets there as well.

I'll be happy if this gets back to £1.50 which is where it was when it first came on my radar. I have no idea why it dropped as low as it did but I'm very pleased it's back to close to my average and I'll be holding in positive anticipation of it returning to its value of 18 / 24 odd months ago.

This mornings RNS is as close to an admission of failure as you are ever likely to see. The companies US venture has cratered the value of the business over the past couple of years and whilst I'm sure there are vultures circling I can see this going south of £0.6 before any recovery starts and even then, what is going to trigger a recovery? I bought at £1.20 last year and sold at £1.70 a couple of months later and never thought I would see the share price drop to this level.

Some big buys reported after hours again. That's £1.4 million in after hours buys in the last 2 trading sessions.

Schroders adding again and now holding nearly 16%.

The movement has been positive over the last couple of sessions. Hopefully more to come.

Schroders add. The share price drops.

A depressingly familiar set of results.

Someone has lost patience and dumped 5 million shares for less than 27p each.

It got to 67p last year at which point I thought it would continue to £1.00. Instead it sank to the low 0.20s. I expect it yo get further this time round.

One week until the full year results. The share price seems to reflect a very downbeat sentiment.

Not today we won't!

Someone's just dumped about 18 million shares. I wonder who it was. I expect a TR1 on Monday.

1 billion turnover.. 1% profit.

Someone's buying big. Not seen those size of buys for quite a long time.

Not Henry Spwin but Schroders increasing their holding to above 10%.

https://www.schroders.com/en/global/individual/about-us/who-we-are/

It's grim! Next year looks like it's going to be tough from an economic perspective. The share buy backs seem to be having a negative effect and with no good news on the horizon the share price will be stuck in the doldrums for the foreseeable future. The only hope is one of the big recruiters buys them out at a premium but that's probably wishful thinking.