Member Info for Wiscos

I expect many have noticed, but from the FY24 report (Moody's section), he clearly states that the company has a 'progressive' dividend strategy with broad boundaries, that the 4.5p dividend about to be paid includes an element that makes up for no interim dividend having been paid - strongly implying that an interim dividend will be paid towards the end of this calendar year for FY25, and states that FY25 is on track after about 25% of the year, so I suggest we can be confident of a payout of at least 5p per share for FY25 or even 5.5p, split 1.5p - 2p interim payable late 2024 and 3p - 4p final payable in just over 12 months. All assuming no horrors or exceptional good news of course!

Just reading the SAYE and directors' and managers' share schemes. It would appear that a lower share price at time of grant is rather beneficial to the staff so at present they might be inclined to hold the price back. I wonder? Quite a few shares being created to dilute the rest of us. However should only be a blip!

Unless they also have a long position or have done a 'deal' with someone who will lend them the stock. This usually signifies something along the lines of a company trying to build a position cheaply...

A lot of good sense and considered info in this thread. Hold hold hold and - if you can - add a bit on the under 102.5p sp. Even if this drops a bit after xd it will rise as some reinvest the div and there is a likely further 7.5p a share payout over the next 13 months. Possibly more if a special div is announced and always the chance of more 3rd party deals on an acquirer... Don't fall for the tricks - with almost no debt and plenty of cash being generated this business is in the best shape it's been in probably ever. Just UK tax that's a lot worse!

Maybe a competing bot is now buying. Better last hour than I expected...

Actually, my take on this is Wace is doing this alongside another long investor who's effectively reducing their position ahead of the div. They will borrow stock so no div to pay, just less to receive. Either because they expect a bigger drop after xd or they are helping an acquirer build up a position cheaply. Whatever, it's dirty tricks and I never fail to be horrified that regulators take no interest in these practices that used to be illegal.

Would be nice if some investment house actually took a long it longer position in Card. Ahead of the UK ISA and the anticipated move into the ftse350 I am sure this is a great strategy rather than another scumbag shorter trying to wreck decent businesses. Hold hold hold. I'll take my div, and the next and the gain that will eventually materialise.

Errr... That rather depends on what Sell orders are in the book!

Little faith in Retail, taxes on companies, energy costs, Council taxes, Brexit, little interest in UK from overseas investors, interest rate issues, long term growth prospects for UK, e-cards, poor management until 2022, loaded with too much debt, cost of stamps, decline in Xmas cards! Etc. However, I am a big holder and believe this is a great company now with good management and have a personal target price much nearer 200p than 100p.

I think most on these pages believe Card is undervalued at anything near £1. A few whose intentions are unclear may be concerned by the recent downward travel. Looking at the patterns of trades it's hard not to conclude that the sp has been driven down rather than just having sellers who think £1.03 or similar is a great price to sell at. Especially when a likely 6.5p approx should be paid out on each share this calendar year. The Algo nature of the trades and the holding on prices back whenever purchases come through reinforce this. It seems that today the pattern is starting to change as we start to get closer to xd date and more buyers see the value proposition and likely contribution of value increase as well as the declared dividend.

Good attitude! Some on these pages seem to enjoy wallowing in self doubt and desperately seek to sell! Precisely what the tricksters want! Be brave and await 150p a share.

Refer you to Dark Arts thread. I agree with that 100%

Blimey, there are some very odd views in this trail. Yes, there are some players trying to get the weak to sell cheap. Yes, the UK market is crap. But whenever I've fallen for these tricks and sold I've regretted it. At this price someone or multiple will either invest, increase as already decent holding, or look to acquire the business. If you sell now you are the mug! With 4.5p coming soon and probably another 2p this year and perhaps 5p in just over 12 months I'm going to take the dividends and top up where I can. At some point this share will fly (unless everyone falls for the tricks and panic sells!). Fortitude!

Yes, it was clearly declared as the full year dividend for FY24. Other statements allow for the expectation similar or great to what you suggest. Pending trading results and other cash usage...

There are tax implications as well if you have a significant holding.

Xd 31/5 Pay 28/6

Maybe Islam cards have replaced them given the media has ignored Christianity and Catholicism for so long. Hopefully the comments on Labour are correct - High Streets and town centres desperately need attention and help. Might make up for the tax rises elsewhere - dividend taxes, cgt, wealth asset taxes!

Yes, can only mean someone is trying to buy a lot of stock cheap - possibly a takeover. This is the sort of thing regulators should be watching out for. But they are useless at best and possibly just as corrupt as the shorters who are regularly destroying UK businesses.

Games games games. We know this will rise substantially before 31st May. Don't be fooled into selling cheap. I've just bought a few more!

I find that's true with declining shares, but not growing companies or undervalued shares. Take your pick - I will stick with it, take the div and look forward to the next one.