Reflec Share Discussion Threads

[philmac56] 10/11/2017 19:20

&£-£

[knuttie] 05/10/2017 18:56

Interims posted today with a pledge to continue quarterly dividends. If they manage 4 x £7 that's obviously £28. A 5% return suggests a value of £560, a lot different to the £200/250 showing on the matched trades.

[romanrory] 29/9/2017 12:32

lovely jubbly

[twodegrees] 29/9/2017 11:30

Thank you reflec another cheque in the bank... £7 dividend.

[philmac56] 30/6/2017 16:39

I am not invested here anymore.
Pop in now and again.
Out of curiosity do you see Reflec relisting??
Surely at some point the directors may want to get their hands on their 💰

[twodegrees] 30/6/2017 14:37

Philmiboots as they cancelled shares, reduced from 14601 to 13601 that would be the reason why the dividend rises as well as what they were going to pay.

[philmiboots] 30/6/2017 13:43

Blimey! £7.00 per share first interim divi for 2017-18 just been paid out.
Onward and upward.
SP still seems to be around £250 given recent small trades (last in March).

[twodegrees] 01/6/2017 19:19

Did anyone go to the AGM and wish to share any news.

[twodegrees] 31/5/2017 18:10

I have e-mailed the company as can find no NEWS on reflec website concerning the AGM

anyone any ideas?

[philmiboots] 04/5/2017 22:22

It says "the company" is buying 1000 shares from the EBC so that the EBC can "repay its liabilities to the company". Didn't the company previously lend money to the EBC to enable it to buy shares? The company would be getting the shares on the cheap (£150), whereas the EBC would appear to be effectively short changed if the shares are actually "worth" circa £250. Why would the Executors of the EBC sell 1000 shares at a low price? How is that benefitting the employees (the effective members of the EBC), is it really in their best interests? So the company hands £150k to the EBC who then promptly hand it back again? Why, just to increase the share price and divi payments by roughly 7%.

More detail and clarification is required IMHO.

[philmac56] 04/5/2017 21:19

Clocktower..you still around, not so anti Reflec these days!!!

[philmac56] 04/5/2017 21:18

Twodeg, I sold my whole holding here.
If less shares in circulation, Divi could be higher, if same Divi value applies.
Ask yourself, who has 1000 shares to sell at £150, the listing does not suggest that.
Are the BOD buying them??

[twodegrees] 04/5/2017 21:04

I work it out that if the £175212 divided by 14601 =£12, if the shares are reduced to 13601...new dividend would be £12.88 is that a good enough reason to support the resolution.

[twodegrees] 04/5/2017 20:56

the year end report says... consider the potential share buyback of 1000 shares from the Employee Benefit trust in order to enable the Trust to pay its liabilities to the company... treasury shares do not receive dividends, so if approved this resolution would provide the benefit of reducing the number of shares over which dividends are to be paid..... so how clocktower would that be to the benefit of the company....

someone please explain this....

[twodegrees] 04/5/2017 20:53

Clocktower I have sent an e-mail asking for some clarifications.

[clocktower] 04/5/2017 18:56

By putting them in treasury, they can use them as they wish to ALL employees advantage or the companies good, or on the other hand to reward themselves with them, in due course. The more out of circulation the more power to the main holders on the board. Why not ring them up and ask them?

[twodegrees] 04/5/2017 18:17

54 299 300
55 29 275
62 1 300
63 2 300
64 2 270
65 1 300
66 10 290
68 8 290
69 2 300
71 8 280
73 24 300
75 26 295
78 2 300
79 50 240
80 25 250
81 4 250
82 3 200


can someone explain why so many people are asking for +£250 to sell shares if the company are only going to pay £150 to take 1000 shares out.... has the vale of the shares fallen dramatically or am I missing something.

secondly...if the shares are reduced by 1000 does that mean that the dividend re the 13601 shares that will be left...does it rise..

[twodegrees] 04/5/2017 18:12

knuttie or philmac56

any comment on the fact that they are proposing to buy 1000 shares at £150 and put them into treasury reducing shares in existence from 14601 to 13601 I believe...

[twodegrees] 04/5/2017 18:08

Did anyone else get a year end update and voting card in the post today.

[knuttie] 12/4/2017 21:08

sorry I am unsure what element of sales are exports, but it seems unlikely that currency variations would cover the scale of improvement.

[twodegrees] 12/4/2017 20:40

knuttie could the exchange rate have something to do with the figures

[knuttie] 12/4/2017 17:36

Nobody has commented on the fact that H2 must have been very good as the company was behind after H1. H2 of the previous year showed a decline as well so it seems to me that we have a considerable improvement. Temporary or sea change?

[twodegrees] 03/4/2017 15:40

We are pleased to announce that the expected year-end net profit before tax will be in the region of
£415,000 (2016: £340,323), from a turnover of £2,165,000 (2016: £2,177,035). This equates to an
estimated earnings per share of £28.42 (2016: £23.31). These results may be subject to change as a
consequence of the audit process and will be finalised in the Report and Accounts which is expected
to be published towards the end of April.
Dividends paid quarterly in the 12 months before approval of the Report and Accounts will amount
to £175,212 (equivalent to a total of £12.00 per share).
It is the Board’s objective to continue quarterly dividend payments. The board has considered the
current level of operational cash generation, capital expenditure requirements, along with the
reserve and dividend policy. Other things remaining equal, it is our expectation that there will be
sufficient cash reserves and dividend cover to enable payment of quarterly dividends during
2017/18.

[twodegrees] 01/4/2017 09:44

Another cheque just arrived in the bank. £3.00 Dividend Rate.

[twodegrees] 29/12/2016 15:23

philmac the company having released its recent dividends have not given any indication at to the share price valuation. It should be noted however lots of 4th dec trades at £250.00 so we are £50 a share off the high from last year....