Northern Recruitment Share Discussion Threads

[spiritbear] 28/9/2005 17:32

Thanx guys - all makes sense now. Still worth hanging on to don't you reckon?

[angora7] 28/9/2005 14:57

Always causes confusion. Most record dates nowadays are Fridays and most ex-div days are 2 days before that (i.e. Wednesdays). You have to hold the share AFTER close of business the day BEFORE the ex-div day. So holding on Tuesday morning and sellin in afternoon won't do it. You have to hold on Tuesday and carry on holding until after the market closes. So earliest you can sell is Wednesday am when the market opens. Hence the opening mark down this am in NRG share price Hope that helps.

[momentos] 28/9/2005 13:24

Needed to hold them yesterday, you can sell today I think!

Most xd's are on Wednesdays.

[spiritbear] 28/9/2005 12:39

I presume one needs to hold the shares as at 4:30pm inorder to qualify for the xd? In which case, why has the price dropped so much already today? Or is it that punters are selling up at a high share price than rather wait for the Div payment and share price to go down lower than if they waited?

[wilbur] 27/9/2005 22:01

should be tomorrow 28th.

[momentos] 27/9/2005 19:22

When are we xd? Says record date 30th of September.

[wilbur] 23/9/2005 10:10

It's had it's rest, now onward and upward until.

[mr.oz] 10/9/2005 10:18

Just how much further can this go - keeps on earning me money , that big fat divi is looming large too, nice!

[gorse] 08/9/2005 09:18

232.5p mid-price - an all-time high, I think.

[huttonr] 06/9/2005 15:28

Good report from Hays today - temps business doing well in UK - which presumably explains today's rise.

[angora7] 05/9/2005 07:32

Wilbur
I guess if a company was highly leveraged you could argue that paying a div would make it more likely to suffer from cash flow problems and so the market might down grade its sp, but that would not happen on ex-div day, it would start happening as soon as the div was announced which would normally be well in advance of ex-div day, and might continue for several days, until the market was happy with the amount of down grading. As DesWalker says,The mark down on ex-div day should be just the div amount, +/- any 'normal' mark up down due to news/sentiment/late trades since the close of business the day before.

[deswalker] 05/9/2005 07:22

Price is marked down by exact amount of divi so no arbitrage possible across xd date. Then the share starts moving from this lower level as usual. NRG will open 18p lower on the xd date than it did at close of day before. HTH.

[wilbur] 04/9/2005 22:07

Hi Steve
I know very little about the ex divi procedure, but, what criteria do the MMs use, it seems to me there must be some structure to it. I can't believe they pluck a figure out of the air or just always lower the price by the dividend value.

[stevemarkus] 04/9/2005 16:22

FIrstly, the fall on ex devi day is normally down to the market makers marking the stock down. Secondly, NRG has net cash.

[wilbur] 04/9/2005 16:00

I know it's all conjecture, but is there any truth in, the more debt a compamy has the larger the fall on Ex divi day as the dividend reduces the companies value.

any accountants out there

[wilbur] 04/9/2005 15:54

all
whats your view on ex divi day down 18p or more, or less,

[momentos] 30/8/2005 15:26

Must be the Michael Owen signing.

Perhaps he's on a temp contract through NRG?!

[davpat] 30/8/2005 15:03

More welcome movement north due to the chairman's buying no doubt. I was surprised to read this is his sole holding.
DAVPAT

[gorse] 25/8/2005 12:06

Decided to add a few to my wife's ISA. Relying on dividend income and the cash and confidence of the company are reassuring.

Now my 3rd/4th largest holding behind SIA, FWY, and BBC.

Gorse

[momentos] 22/8/2005 18:35

Yes, D77 and for reference Chronic Investor had it at Good Value last Friday..

[david77] 21/8/2005 08:41

The current issue of MoneyWeek has a bit on 'expert' investors.

When Peter Lynch was in charge of Fidelity's Magellan Fund - between 1977 and 1990 - it posted an average annual return of 29%. No other manager has ever run a fund of its size ($14bn at the end of that period) so successfully for such a long time.
....
Having spotted a possible company, Lynch looks at three criteria: profitability, price, and whether or not it has a good business model. He likes companies with strong assets backing them ... He prefers firms with strong growth potential, but at the same time is wary of those with unsustainable growth rates.
...
---------
At the end of the article, there is a bit headed "What the gurus might buy now"

Peter Temple (FT writer) suggests Northern Recruitment NRG.

[momentos] 18/8/2005 13:45

Shares Mag Says: "Special Dividend Offsets"

Mixed results bla bla etc.

Usual in depth analysis!

[momentos] 16/8/2005 12:35

Hmmm, Back to sleep again.

Not many interested in the 18p this year (8.7%) and the rebased dividend policy.

At current share price the yield at divi of 7.5p is 3.7%. And the cash pile remains around 5m.

All we need now is Ms Moran to sell 10% to funds so she no longer has 50% plus holding. After all her divi for this year is over 1m! That'll be a nice holiday for her then... not such a little fishy in a little dishie for her (dodgy "when the boat comes in" reference for those too young to remember)!

[momentos] 15/8/2005 08:46

They are 50% private and 50% public turnover.

The contracts they get from Government can often be National. There is the North East Mafia effect of Tony Blair. 1/3 of the Cabinet used to be North East seats.

Leo Finn as Chairman (ex Northern Rock Chief Exec) and the f.d. of Greggs as a non-exec all help.

Ms Moran has an impressive range of contacts with major players in the North East and in Government, which seems to help no end!

She is on the Teesside development Board and a trustee of the Northern Rock Foundation as well I believe (that nice Mr Finn again).