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I'd blame Gideon. He's a chap obsessed with budget deficit reduction. Mind you we've got £1.5trn of debt which is about the same as the balance sheet of RBS. Debate which one is most screwed? Hmmm let me think.
Am reinvesting my dividend, maybe after ten years I might recover my losses, don't blame the company, I blame the government, I wonder if their friends were informed before the budget.
Well the brokers won't upgrade they will downgrade for the LEC loss. But the shares already incorporate (I think) the new earnings but I'm interested in what they can do with the dividend. I assume it'll be cut 20% but they might slash it to reinvest the cash for growth. Else they might cut costs and try and hold it - I doubt that frankly. So what do the EBITDA then EPS look like (that's reasonably easy) but then dividend and capex plans. Project finance mkt is screwed due to legislation so that'll be a point of interest too.
tuck away the diviends at these price, and wait !! Lets see we can all comment later ok !! Buy .... until stronger more expansion plans .... hope the brokers upgrade soon
I agree Parkie mm's are crooks and shisters lol. Did i mention I was mugged for over 10 k from these mm shisters in 1 afternoon. investors beware. These mm shisters may have stopped manipulating the SP for the moment but as soon as they go up you can guarantee they will bring it back down again. Thinking about mm's are worse than muggers, A mugger would have got my wallet & phone not a third of my savings !!
No I said that there are still people operating in the city who are crooks and shisters. I didn't particularly accuse mm of that felony. Anyhow, this is getting boring now. I remain of the view that Infinis is good value at this level barring no more idiocies from Gideon and so we will see what they say re earnings, dividend and capex.
mm's actions, who can? especially when they just manipulated up but mainly down for their own ends, (as you indicate). That has been my viewpoint all along. Unlike you I stick to mine. Your're the one who calls them a load of shters then roll over and defend their actions. (Strong buy when the mm's decide or made to act correctly for the good of all not just themselves and those associated.).
There hasn't been any! It's the earnings hit from the LEC and the ongoing renewables uncertainty. Nothing more.
Think i have learn't a bit about the market from Infinis Share manipulation. As a PI we have no way of knowing when a MM decides to manipulate the SP down for their own interest. One would need to be in the Deli in Canary wharf when the MM announces to his chums he is doing a raid on Infi this afternoon !!
Erm its not manipulation! If a mm buys say 5000 shares at say 78p and has a buy order at 79p for say 500k shares he can take the stock on the book and aggregate a raft of other smaller orders to fill the big one. Or he can keep his book level by selling on the shares he bought at 78p at 79p say to keep his book level. But that is day to day trading and the mm will have a P&L that he will have to make money from which is the spread between the buy and sell. He wont risk capital buying at 78p in the vague hope he can flip out at 79p. That is ridiculous. You clearly don't understand the city, you certainly don't understand how to value a share and you clearly shouldn't be allowed to risk your own capital. Give it to someone else to manage before its too late.
own words ""They might be working a large institutional trade or might be keeping their books level at all costs as they don't want to get caught with stock if there is an RNS"". What is this if not manipulation!!!!? (Strong buy when mm's do their job properly).
I don't agree with you at all. MM have risk capital to deploy. They wont take a large position in a stock like Infinis that unless they are working a large order perhaps. You seem to fail to understand why Infinis has fallen. It is not because some scheming Machiavellian market maker has it in for you and all other private investors. The dividend is not going to support a share if it loses 10-15% of its eps the day before it goes xd. It just isn't. The simple reason why Infinis has lost 20-25% of its value is because it has lost tangible equity value being the discounted flow of future cashflows from the LEC plus a slightly more intangible additional amount for the uncertainty of what the Government might do next. It was the same for Drax but the strategic review news has helped that share recover some of its losses. I simply don't know why you are sticking to some ridiculous conspiracy theory around the market makers. That has nothing at all to do with it. So I don't agree with you. At all. Sell the baloney that is RBS and buy back into Infinis.
"They might be working a large institutional trade or might be keeping their books level at all costs as they don't want to get caught with stock if there is an RNS". mm's do manipulate then. Furthermore, dividends are the lifeblood of many ii's. And No good you trying to joke saying "You can't just read off LSE or III or another delayed service", as the 5 buys to 1 sell was at the end of the day. So we cant trust anyone, is that it? Obvious I could take a few lessons from you about being obsessed, that's for sure. (Strong buy if the mm's do the job as they signed up to do).
What has an xd got to do with it? You don't think institutions or books will give much of a stuff about dividends if the company is about to lose 10% of its earnings? That really is demonstrating financial illiteracy! You don't have Bloomberg and you can't see the proper trades. You don't (and I dont) know what the mm are doing with their books. They might be working a large institutional trade or might be keeping their books level at all costs as they don't want to get caught with stock if there is an RNS. You can't just read off LSE or III or another delayed service and extrapolate what is going on. Over time a share price is the result of discounted cash to equity. That's it period! Focus on that instead of obsessing about the supposed injustices of mm. You might make some money, you never know!
It is certainly crazy that despite 5 to 1 more buys than sells the SP goes down 18% inside of one afternoon on July 8th despite there being a pending 12.2p 6% dividend the very next day. The mm's took full advantage of the news that the LEC issue, (that affected Drax & Infinis alike), and dropped the SP's regardless of the next day dividend and the 5 to 1 more buys than sells. Therefore it is obvious to normal people that mm's alone were the factor of Infinis's SP downward movement on that day. (Parki,"Nova". Is a loss of sense of humour synonymous with being obsessed with siding with mm's so much?).
No the real damage to earnings and thus potentially the dividend was done by the (idiotic) retrograde removal of the LEC which no one foresaw. That was the big lurch down.
Would the share price go down if there was a demand for the stock. Some crazy people on here.
Not sure I agree Parkside. Everyone knew the Tories were pulling the subsidies yet the mm's waited until XD before hauling down the SP. The SP was then taken down despite there being more buys than sells. If you an believe the buy and sell prices on Hl and I've seen my buys and sells on there many times the SP has been taken down several times just when it looks like it is going up eg 85 # buys 15 %. Why else would a SP fall when there are more buys than sells?
Nope that's about right!! It's not a conspiracy; honest!!
It's Terra Firma by way. No because strategically Drax is important to the UK and might be useful as an adjunct to an existing or acquired supply business. More so than Infinis which is tiny by contrast. Yes they both announced at the same time because the Gov withdrew the LEC at the same time! But since then Drax has announced a strategic review whereas Infinis hasn't. Terra is an overhang whereas Drax's many minority shareholders aren't an overhang as they are not selling right now.
difference in reclaiming losses.. quote "they might be putting themselves up for sale". unquote. Parkside you do have a nerve in asking me if I deal in shares. Well Well. Just to remind you that BOTH Drax & Infi were both affected by the RO & LEC, at the same instance. Furthermore, Terra Nova has being trying to sell their shares in Infinis with the same response as what Drax can expect in the present circumstance, unless they want to give Drax away. Which obviously Terra Nova do not want to do with Infinis.
The mm were holding this stock down artificially, they wouldn't have enough stock as everyone would be piling in.
Would have thought if the price was too low then this stock would be bought until someone was tempted to sell, and an equilibrium would be reached. Or am I missing something.
No you wont because by the time you want to switch RBS will be 290 and Infinis will be 175. Constraint payments are made to all dispatchable generators. Its part of system balancing in the UK.
I am betting you will see 175p on Infinis rather faster than you will see 390p on the heap of overgeared excrement that is RBS. You simply cannot value the equity given it has £1.5trn of assets for gods sake and what's is its equity - £23bn or something like that? That is ridiculous. The economy downturns again all that equity will get wiped. It doesn't even pay a dividend and why on earth hold a bank if not for dividends. That is why dear George is selling it even at a loss. Because its a pile of poo.