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Ken mitchell's Latest Comments

I’m sure they didn’t expect the share to fall to 50p and presumably they also thought buying back would make that unlikely. I’m not convinced by your wanting XLM to “use the money.” Surely they didn’t “use the money,” but (admittedly with benefit of hindsight) they wasted it. That happens so often with buybacks. Hence my bemusement at Graham’s great enthusiasm for them.

Thanks for the reply doublelutz. Surely the people who no longer wanted to hold and who sold their shares at 90p and others who sold ahead of the big share price falls were the ones rewarded by the XLM buybacks and NOT the loyal shareholders who are now down over 30%? Or am I missing something?

Graham. Hope you don't mind me questioning your positive views about XLM buybacks. You say "Credit where it's due ..... with XLM doing the right thing by continuing to buyback at these levels." And later you wrote "It would be a red flag for me if the buybacks were cancelled or reduced." Checking out their buybacks since starting the $10 million buyback programme last December,…

Positive Market reaction to IG update, with 63p/14% share price gain. (But similar market response to Galliford's update yesterday has been lost already with 50p share price drop today so perhaps a good chance of getting in lower if interested). I'm currently keen to find shares not likely to be badly affected by Brexit, Corbyn or trade war worries and would welcome info on any…

IG GROUP (LON:IGG) trading update today looks reassuring. Ditto the strategy update. Share price fell from £9.50 to below £5 as ESMA regulations hit trade and profits, but update today suggests they are now coping well and adjusting to ESMA. And first 3 weeks of May show improvement too.  Key attractions are the 43.2p dividend which they have again committed to maintaining (yield over 8%)…


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