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Real-Time news about Chrysalis (London Stock Exchange): 0 recent articles
Just be aware that after dividend the share price will sharply fall and the basis of Chrysalis workings is to £1.06.
But that does not suggest the market will drop the price to this level, I think if will be far lower especially as results geared to later part of the year, and current market state.
I am hoping for a rise leading up to the ex date and then I will decide if to take the dividend or take value in share price.
Hopefully brokers will jump on today/tomorrow pushing price up.|
Does anyone greater than I, have any comments on this announcement today re return of capital,I am just a little lost at the moment on the effect on the share price 2 morrow.
|a44: I have asked senior managers, the company's registrar and had emails from the company secretary. The short answer is the date has not yet been set nor has the payment date so I am told, I am sure this fact is causing the share price to be so deflated as a minimum 53p will be paid as a dividend and that serious undervalues what is left i.e. the music business.|
|lbo: Yesterdays Sunday Telegraph!
Last December, we tipped Chrysalis (175p) , the radio and music publishing company, as a buy at 218p. Clearly, the shares have not performed as well as we expected and last week the company, led by Chris Wright, the chairman, issued a profits warning on the basis that a softening in demand for radio adverts would mean that revenues would be "at best, flat for the quarter". The news was particularly striking because the company's management had earlier predicted revenue growth of just under 10 per cent for the quarter covering September through to November.
The question now for investors is whether they should hold or sell the shares. We think they should be patient. Although the outlook for radio is uncertain, this is fully reflected in the share price after the recent fall. Meanwhile, the outlook for company's other businesses, such as music publishing, looks encouraging. There is also the prospect of a merger with Scottish Media Group, which owns Virgin Radio, or a takeover by Guardian Media Group. The shares are likely to rebound, and now is not the time to sell.|
|adorling: Anyone explain why this share price goes down when 3 Directors buy more shares and trading has a strong outlook for 2004?|
|colombo: Bob hope for your sake & my sake the share price fall.I knew mate its my luck whenever i go short the stock price goes up.lol|
Chrysalis share price data is direct from the London Stock Exchange