Really like this company, however share price rarely moves |
Good update (results ahead of expectations) this morning highlighting long term share performance against indices, the buy backs continue. |
Is that increase due to their being less shares in issue? |
I see that Ruffer have increased their shareholding from 17 to 18 percent.
Good news coming on top of the company’s relentless and ongoing share buy back programme over recent months |
Looks like they are lining up a big acquisition , little impact from employers NI |
Very encouraging news below for DAB+ in the EU's largest market, therefore very good news for Science Group/Frontier (click on the English translation option in the top right hand corner of the page):
I particularly liked this part:
"Digital radio on the growth path
The special analysis of ma 2024 Audio II shows that 75 percent of radio listeners in Germany now use digital services. Digital radio, whether via DAB+ or the Internet, has become an integral part of the everyday lives of 49 million people. That corresponds to three quarters of all listeners. Web radio and - by far the most popular - DAB+ are very popular. While DAB+ is used heavily by middle-aged groups in particular, web radio reaches listeners in roughly equal numbers across all age groups."
PS. Happy All Souls Day. |
Just a thought
Yesterday’s leading front page article in the FT was about the benefits that will accrue to companies that operate in the Aerospace and Defence industries because governments are spending much more on defence due to the increasing volatility in the world.
In a small but nonetheless significant way it is presumably possible that the Group’s CMS2 division is benefiting from this. The division’s performance was certainly very well written up in the recent interim report.
But, as I say, just a thought and DYOR |
I can only reiterate what I said some weeks ago and since then we have had more share buybacks and now the Chairman buying shares.
All seems very positive and the share price does not seem to reflect the underlying value. Remains a long term hold for me.
But DYOR |
Radcliffe owns ~20 milly of Science stock , he didn't buy 45k worth of shares to make money . You'd hope he's just giving a little wink to shareholders to say this is a good time to buy the stock. |
A week ago, the company announced it was allocating £5 million for share buybacks.
One week later it has already purchased shares worth roughly 20% of that figure at prices up to 435p/share.
Difficult not to see that as a positive sign which suggests that the current share price levels are very attractive and probably don't reflect the real underlying value.
But all IMHO and DYOR |
I was actually looking at the increase in net funds so maybe I have got the interpretation wrong as against the cash position? |
Net cash 33% up by my calculation but solid results, as you say. |
Pretty solid results all round.
A promising outlook for the full year, an approx. 60% increase in the net cash position and a substantially increased £5 million allocated for further share buybacks.
Seems the company remains below the radar on many fronts but happy to remain a long term holder.
All IMHO and DYOR |
Some upward movement in the shares at long last and rather long overdue I suspect.
The company has recently been repurchasing shares at up to 418 so perhaps we shouldn't be too surprised |
...comment could mean that a take private is on the cards... |
Broker note MIA |
The whole company doesn't make a natural acquisition for anyone as it's a bit of a random hodge podge of businesses . They'd have to sell parts of it like a revitalised TPG maritime business to unlock value |
Two 50,000 buys have gone through to-day which presumably is either the company repurchasing more shares or a PI.
Whichever it turns out to be, it is good news |
Two 50,000 buys have gone through to-day which presumably is either the company repurchasing more shares or a PI.
Whichever it turns out to be, it is good news |
The guy won't even talk to his house broker to update forecasts :) . Quite handy that he's a bully though when we're engineering cut price takeovers of struggling companies |
Not sure I agree with all of those comments.
Ratcliffe has run the company pretty well and its good to have a big hike in the dividend.
I do however agree that the company should have, and deserves to have, a higher market/public profile which would help it enormously.
Let's hope that happens sooner rather than later
I remain a long term holder.
All IMHO and DYOR |
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