Ssp Share Discussion Threads

[philanderer] 03/6/2020 11:27

Liberum reiterating 'buy'

JP Morgan 'overweight' tp 450p

[kemche] 03/6/2020 10:22

So it seems to have all been in the price.

[kemche] 03/6/2020 08:58

1retirement - as you know this is not my usual kettle of fish as it is too boring - I am usually to be found at paradigm shifting companies!

[kemche] 03/6/2020 08:54

1retirement - love it!!

Genuinely made me chuckle. Thanks.

[philanderer] 03/6/2020 08:46

Fingers crossed.

Morning everyone.

[1retirement] 03/6/2020 08:38

I think it will turnaround "very, very, very soon"

[philanderer] 03/6/2020 08:32

Oh dear. Not good.

[typo56] 03/6/2020 08:32

Looks rather complicated. Could they not have done this via a scrip dividend option?

Given the shares will be issued at the closing price today, will it incentivise manipulation to twang the price down at close?

[rarther] 03/6/2020 08:21

Because they proposed to not pay the final dividend that was announced just moments before covid19.Then the institutions said "I don't think so, give us the money", and this placing allows it to appear as though a compromise has been made, when in fact the institutions have given the board a massive middle finger on their proposal.

[melody9999] 03/6/2020 08:16

if BOD don't feel they might need the money, why would they bother?

[kemche] 03/6/2020 08:15

Numbers pretty much as anticipated and flagged before. Outlook dire as flagged.
Priced in?

[rarther] 03/6/2020 08:13

So basically, shareholders refused the proposal of waiving their dividends and now the management have to do this massive workaround to still get the money whilst avoiding an embarrassing climbdown.They may well have just said institutional shareholders have refused to agree and now we are going to free up £30m of our debt facilities, instead of serving up said investors with cheap shares for money they won't even need for 6 month to a year from now.

[melody9999] 03/6/2020 07:49

this feels a bit desperate

[kemche] 02/6/2020 13:31

Break up or down for tomorrow?

[rarther] 01/6/2020 14:12

https://www.investorschronicle.co.uk/shares/2020/06/01/ssp-in-the-eye-of-the-storm/

[rarther] 28/5/2020 15:52

Each to their own, but personally I am using the 250p march funding round as a good guide as to the current intrinsic base value, so last week 210p was a very strong buy and yesterday over 320p a strong sell.See you again at 250p, or maybe at 700p if the FOMO catches up with me. Good luck either way!

[kemche] 26/5/2020 10:55

Nabbed a few.

[nw99] 26/5/2020 09:43

SSPG a better company

[montynj] 26/5/2020 08:33

MNZS now a big laggard in this space

[nw99] 26/5/2020 08:17

Buying chance

[rarther] 25/5/2020 15:24

Autogrill is a good barometer for SSPG. They're up 12% today on borsa italiana due to some positive guidance, while SSPG is not traded today due to UK bank hol. Big bounce here on Tues perhaps?"Autogrill prolongs the rebound that started last Thursdayof Financial Trend Analysis, published on May 25, 2020 at 13:02Autogrill, + 9.5% to € 4.67, continues the rebound started last Thursday. In that session, the stock had overwhelmingly reversed its course after a negative start in the wake of the results of the first four months (at 30 April) of 2020. Revenues fell to 963 million euros -33.9% y / y at current exchange rates and -35.3% on a like for like basis. In April the figure showed a drop of 88% y / y. EBITDA dropped to +50.8 million (from +178.6) and EBIT to -157.7 million (from -8.8). The group, however, reported the "Very first signs of recovery, especially in Italy and the rest of Europe, and in particular in the motorway channel, following the partial relaxation of the lockdown measures in the first half of May": probably operators and investors concentrated on the latter indication after metabolizing the sharp drop in data for the first four months of 2020. Banca Akros reduced the target on the share from 6.50 to 6.00 euros but confirmed the buy recommendation."

[nw99] 21/5/2020 07:38

Ezy restarts flights

[rarther] 13/5/2020 12:10

Does this imply major shareholders are refusing to waive the dividend?Hopefully i am misinterpreting it, as I seem to recall these same major shareholders calling out the SSP management for being greedy a year or two ago.