Connect Share Discussion Threads

[turbocharge] 13/8/2019 13:16

One of the few holding I'm happy to be patient and hold for the longer term....

[mitch74] 13/8/2019 12:57

This is a share for the patient investor only!

[scotslass76] 13/8/2019 12:35

Thanks TurboCharge!

[turbocharge] 13/8/2019 12:02

TR-1: Standard form for notification of major holdings
13/08/2019

FORUM Family Office Value Fund have been buying and report crossing of 7% to 8% threshold:

Prior to notification: 7.85%
Resulting after crossing threshold: 8.03%

[turbocharge] 13/8/2019 11:56

Connect Group Second Half Trading Below Market Expectations (Alliance News)
13 August 2019

Newspaper and magazines distributor Connect Group PLC on Tuesday said overall trading in the second half is "slightly below" market estimates due to a slower turnaround performance in Tuffnells parcels unit, offsetting stronger performance in Smiths News division.

The company, which was formerly called WHSmith News, also said a potential sale and leaseback of up to 16 freehold and long-lease properties within the Tuffnells estate is unlikely to conclude before end of its current financial year due to current market conditions and outlook.

"The proposals received did not meet the board's expectations in respect of value, economic return and timings," Connect said. The sale was expected to raise up to GBP35 million for the company.

Connect expects second half net debt to remain flat on first half at GBP77.5 million. It plans to release its results for the year ending August 31 on November 6.

[scobak] 13/8/2019 08:44

cardfactory?

[scotslass76] 13/8/2019 08:39

What update is that, This_is_me?

[this_is_me] 13/8/2019 06:56

Not a complete disaster of an update, but not good either.

[turbocharge] 07/8/2019 21:44

A very astute observation this.

[this_is_me] 07/8/2019 19:54

Trading range from February 37 to 39p.

[kazoom] 15/7/2019 16:51

Oh that.

I'd rather trust my judgement than theirs.

[turbocharge] 15/7/2019 14:01

Surely these funds must have doe some research before adding/topping up their portfolio with CNCT?

[kazoom] 15/7/2019 13:51

What drives your increase confidence Turbo? Seems to me that the next TU is still a coin-flip.

[turbocharge] 15/7/2019 11:52

Beginning to feel more confident about holding this for the longer term, may even top up...

[turbocharge] 15/7/2019 11:51

TR-1 Notification, 15 July 2019

FORUM European Small caps GmbH has been buying and has now crossed the 3% threshold.

They now hold 3.01%

[turbocharge] 10/7/2019 11:27

TR-1 notification showing FORUM Family Office Value Fund (SICAV)holding up from previous 5.8% to 7.85% (threshold crossed on 09/07/2019)

Wonder what the track record of SICAV is...

[riverman77] 22/6/2019 09:27

Such a shame that they are determined to keep the loss making Tufnells division going. This is never going to work out and will just drag on profits for years. Smiths news is doing fine and I'd happily own as a standalone business.

[newshound1] 03/6/2019 20:28

Take advantage big style?? - isn’t there normally a maximum amount you can save in the scheme

A 20% discount of 38p that’s less than 8p a share.

Not sure your going to go big style on this one

[hotdawg] 25/5/2019 05:44

Sharesave scheme coming up , may take advantage big style @ 20% discount

[turbocharge] 02/5/2019 17:52

DavRos, wasn't quite decided on buying more when I posted, was thinking out loud...

[davr0s] 02/5/2019 17:07

Don't post on here saying your going to do it - just do it !

[turbocharge] 02/5/2019 12:42

"...we are now beginning to see traction in a number of indicators. Performance since February has improved, and we are confident of further material improvement in H2 leading to a positive run-rate as we enter fiscal year 2020"
Jos Opdeweegh, Chief Executive Officer

Thinking of adding some more to my long term holding....