Reasons: SP not far above year lows, CNA's massive share buyback ought to add future value, profits ought to be decent again, esp with seasonal factors, until possible increased regulation after May's GE.
In this climate this could go lower again before climbing, but nothing without some risk in short-term.
Target, more mid-term: circa 310+, though will reassess staying in for 320+ if upward momentum good. - GLA.
Just had a quick look around the web and found this statement. If this is bang on then this will go up as the temp goes down...............
UK Winter 2014/15 Model Conclusion. It’s hard to argue with that fact that most of the long range models are in some sort of agreement, that there will be a blocking event this winter. However, this pattern will not be dominant all winter, there will be breakdowns to milder conditions at times, although the transition will be difficult as cold air is notoriously difficult to displace. It may also be possible that the blocking set up will return, after any brief mild incursion. So from what the seasonal forecast models are predicting, coupled with historical data, the conclusion at this moment in time, is that winter will indeed be colder than average. The pattern being predicted is likely to produce some lengthy cold periods, which will no doubt produce periods of snow. - See more at: http://www.ukweatherforecast.co.uk/uk-winter-201415-weather-forecast-predictions/#sthash.RMDY4O6W.dpuf
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