Ssp Share Discussion Threads

[jamielein] 25/1/2019 17:42

The price is currently 662p. If this is the price the day before it goes ex-dividend and consolidates then:
It'll go ex-dividend, so will fall to 662p - 32.1p = 629.9p
The consolidation will then happen so you'll end up with fewer shares and the price will go up to 661.4p, which is approximately where it is now.

Essentially you'll have been forced to sell some shares for your dividend.

For anyone interested, if the share price was 674.1p then the resulting share price would be exactly the same:
hxxps://www.wolframalpha.com/input/?i=(x-32.1p)%2F20*21%3Dx

[essential] 25/1/2019 15:07

So the price will move up to 724 post consolidation?

[philanderer] 24/1/2019 17:54

'SSP Group to open Beer House bar at Norwich train station'

[sogoesit] 23/1/2019 16:40

Yes, you're missing that the intention is that the value of your holding pre- and post- consolidation should be the same.

You have 1,050 shares pre-consolidation at 690p for example.
Post consolidation you will have 1,000 shares at 724.5p.
In theory.
(It isn't really a dividend. It's a return of your capital and chargeable against CGT in future disposals).

Last year the share price fell, probably on fears that the company was disbursing too much capital. That hasn't happened this year... so far.
There's about 3 months during which the situation can change 'tho.

Hope that explains.

[essential] 23/1/2019 13:43

So the specialDividend I given in 1 hand but our shares are reduced by the same proportion making the value of the shares less. Am I missing something?

[sogoesit] 23/1/2019 13:16

Yes, it's the travel side which does well.
Even EZJ is trading up.

Curious to see what WHS "new concept" stores are the next time I pass through Heathrow.

(I've recently bought into DTG (Jet2.com) although I've been out of EZJ for a few years. May think again as EZJ chart looks at bottom of cycle).

Otherwise it is now the usual annual ratio adjustment for SSPG ;-)!

[philanderer] 23/1/2019 12:03

Good report from WH Smith travel arm.

[philanderer] 22/1/2019 20:28

Nope, I called it right :-)


Special dividend 32.1p

20 new shares for every 21 held



Record Time for Special Dividend and Share Consolidation
6.00 p.m. on 12 April 2019

Effective time and date of the Share Consolidation
8.00 a.m. on 15 April 2019

Payment date for Special Dividend
26 April 2019

[philanderer] 22/1/2019 10:34

So much for my theory ;-)

[philanderer] 21/1/2019 17:34

From memory the special dividend details were released the same day the Annual Report and Accounts were posted , which is tomorrow.

[sogoesit] 21/1/2019 17:15

On basis AGM held for end February?
Possibly this week; not sure about the day 'tho.
(We had a bit of a sell off last year if I recall).

[philanderer] 21/1/2019 11:48

Maybe get the special dividend details tomorrow ?

[philanderer] 18/1/2019 18:46

SSP Group: RBC Capital Markets reiterates overweight with a target price of 775p.

[philanderer] 18/1/2019 10:04

18th jan JP Morgan overweight tp 775p

reiterates

[philanderer] 18/1/2019 00:31

'Firm still “high-quality play”, says broker'

In a note to clients, analysts at broker Shore Capital reiterated their ‘Buy’ rating on the stock saying SSP was “a high-quality play in a structurally attractive growth market”.

The broker also reiterated its guidance for the 2019 financial year, forecasting pre-tax profits of £199.5mln and earnings per share of 27.5p which were predicated on a 20 basis point improvement in operating margins.

Analysts added that their estimated could prove “conservative” if the company continued to outperform on both net new contracts and margins.

proactiveinvestors.co.uk

[philanderer] 17/1/2019 13:44

Liberum note here..

[philanderer] 17/1/2019 10:20

17th jan ShoreCap buy -
17th jan Liberum buy -

[philanderer] 17/1/2019 09:48

It's blue and that's good ;-)

[sogoesit] 17/1/2019 08:33

Pessimism before news.
But still reasonable growth... looking good for the year ahead.
And dividends to come.

[philanderer] 16/1/2019 17:31

Fair few sales today before tomorrow's update.

Fingers crossed.

[philanderer] 11/1/2019 11:11

I was lucky last time , seemed to divide with a round number :-)


A true taste of Toronto at new Billy Bishop Airport restaurants

SSP Canada, a division of SSP Group, has opened three restaurants at Billy Bishop Toronto City Airport, offering an expansive range of locally-inspired food & beverages.

The new restaurants – OBISPO, Balzac’s Coffee Roasters, and Market@416 – were officially launched at the newly-designed airport lounges developed by Nieuport Aviation Infrastructure Partners. Each concept features menus that showcase local, vibrant flavours and dishes reflective of the region

[sogoesit] 10/1/2019 07:54

Let's hope they pick a reasonable ratio this year so I dont have to round-up again!!

[philanderer] 09/1/2019 18:08

Special dividend details were announced a couple of days after last years Q1 trading update ; looks like this year it could be on the 22nd january when the Annual Report & Accounts are posted.

[sogoesit] 09/1/2019 17:19

Q1 Trading Update - 17 January