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Started by J08PNB Aug 10 2010, 15:45

Forum

J08PNB
Power Poster

Aug 10 2010, 15:45

Have just gone to my stockbrokers website to view Greggs stock as they have declared their interim results today. Under dividends they are showing an interim of 5.5p but after that it shows 16.6p as ROLLING. What do they mean by this as I have not come across it before? Can anyone enlighten me?


Posts: 114



Forum

raysor
Moderator, Team

Aug 10 2010, 15:57

It just means the full year is 16.6p. That's 5.5p interim and possibly 11.1p for the final next April.
Basically the company will recommend the annual dividend and pay a small interim and a larger final to make up the total (so the final can be adjusted if necessary).
I suppose ROLLING because that was the total dividend last year.


Posts: 1011



Forum

J08PNB
Power Poster

Aug 10 2010, 16:04

Thanks for that info. Normally the divi section shows the previous divi and one is left to work out the future divi from the forecast amount. It's just that I have never seen it entered like that before.
Worse than that for a lot of these foibles the brokers don't have a list of expressions that you can look at to make sense of them. Perhaps they don't want us on a DIY basis!!!


Posts: 114



Forum

raysor
Moderator, Team

Aug 10 2010, 19:16

There should be the start of a Glossary somewhere on the website (although I can't find it!). Will have to ask the webmaster. If you want to know what certain expressions, jargon, even foibles mean then just ask. I will give you the answer and add them to the glossary. Also anything you would like to see on the website, company profiles etc. we will try and accomadate.


Posts: 1011



Forum

davids355
Moderator, Power Poster

Aug 10 2010, 19:24

Glossary is here:
http://www.shareworld.co.uk/index.php/glossary/

Link to it can be found at the very bottom right of every page.


Posts: 155



Forum

J08PNB
Power Poster

Aug 11 2010, 10:13

In answer to your reply yes please - A fuller explanation of the broker terms would be greatly appreciated. Although I think I know what they all mean an actual technical explanation would be far better.
Upgrade - Downgrade - New Coverage - Reiteration - Outperform - Under Perform - Equal Weight - Underweight - Overweight - Neutral
Thanks in anticipation


Posts: 114



Forum

raysor
Moderator, Team

Aug 11 2010, 11:05

You should have something like this attached to the research note. Although as a Retail Client you probably won't get research from your broker.
Note that you should not take brokers research at face value and also they are usually long term analysis.
New Coverage and reiteration are just what they say. New coverage could mean there are a new set of clients potentially buyers (assuming the research is bullish).

Distribution of ratings
Our research ratings are defined with reference to the amount by which we expect the absolute
return to change over the next 12 months:
Rating Definition
Buy Absolute return expected to increase by more than 10%
Outperform Absolute return expected to increase by between 5% and 10%
Hold Absolute return expected to change by between -5% and +5%
Underperform Absolute return expected to decrease by between 5% and 10%
Sell Absolute return expected to decrease by more than 10%


Posts: 1011



Forum

J08PNB
Power Poster

Aug 11 2010, 15:04

many thanks for that info


Posts: 114







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