The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Back in here this morning, probably a £3 end to the day but of course I'll take £3.30p. Given where this share has been of late I think 330p-350p is more like the target for me this quarter.(Imho of course). Either way there must surely be a profit here.
Drop overdone - good entry point for the stock
Completely agree..once this passes 300p it won't look back
Understand his concern about management credibility. But this is a cutting edge business in a very competitive environment against a challenging economic backdrop. The management have to be allowed a certain amount of tolerance wrt guidance.
The update is not that bad & certainly market has smashed the SP. I think there's good upside here IMHO.
DYOR etc.
Without having to smash!
Nicholas Hyett, Equity Analyst at Hargreaves Lansdown: “There are a lot of problems in this announcement, not least the fact that management guidance once again has proven overly optimistic. The networks business looks like it’s running into real problems – and while there’s some positive noises on recent product launches, there’s little in the numbers to back that up.
"Our real concern is that repeated cuts to guidance. Little in the way of explanation raises serious questions about management’s grip on the business and has perhaps irreparably damaged the group’s credibility with investors”.
Totally agree - will see a recovery here
this price doen't tie up with that RNS overdone im in.
Dud quarterlys - probably claw back some of the drop later as they were more dull than disaster....
IMHO
WOW this is getting hammered this morning 277p now , no position here.
Ditto.....took the money out and put it into Thomas Cook yesterday afternoon (was way oversold over the past 2 days).
Gamble paid off.....I've just taken a £3,200 profit this morning on a single trade...put all the money back into my IAG shares.
I sold up earlier today
Markets are not great today....appears to be some confusion re: Trumps tariff agreement with China plus the U.S markets are also closed tomorrow - hence a sell-off in the U.S markets.
As for the FTSE + the Brexit vote on 11th Dec....good point you raised. The £ will certainly drop on a 'NO' vote - which in theory should result in an increase in SP for companies where majority of earnings are made outside the UK.....BUT.....will this be outweighed by the panic selling on a 'NO' vote? I think it will.
I'll decide by Friday on what to do.....my head says the markets will over-react on a 'NO' vote, which could be a great opportunity to pick up some stocks on the cheap.
I agree with that, the £ will also take a hit so not sure whether to sell up prior to then or not and buy back in again. I'm sure there must be a plan B somewhere but markets could be hit until it is effected.
So far so good.....Sophos still holding up well considering the state of the market this morning.
The big issue ahead for the Sophos SP will be the House of Commons vote on 11th Dec (can't see any outcome apart from a NO vote). A 'NO' vote will more than likely result in a hammering of the FTSE100/250.
I'm also assuming a market sell off prior to the vote (on the basis most investors/traders are predicting a sell off due to a 'NO' vote).
Next week will be very interesting.
I sure hope you are right FTSE
Elise & Trend.....I suggest Tuesday will be more of the same. Another day for some positive movement for the Miners.
I would not expect any major upwards swing for Sophos on Tuesday as I expect the day traders will focus on making a few quid on the Miners.
I would still expect Sophos to continue upwards (albeit in small amounts) - I certainly expect Sophos to gain some momentum over the next few weeks. I realise it's annoying when you see some stocks with big daily gains whilst Sophos is making very small steps.....but, Sophos will continue to increase.
Thanks for the insight FTSE12 very useful :-)
Thanks for your thoughts FTSE
It won't matter how much either the Dow/Nasdaq/SP500 are up this afternoon....it won't affect the Sophos SP much.
It's just a day where most traders on the FTSE 100/250 are following the money....and today it's just the turn of the Miners.
Dow futures v strong
SP depends on the FANG's
I'm already £1k up on Evraz today.....all the traders have jumped into the Mining stocks today, this is just the way the market moves.....people follow the money. You can't blame people if they think they can make far more on Miners than they would on Sophos today......it's just the way the market moves.
It doesn't mean people are nervous about Sophos. On a good day for Miners - they usually go up 5% - 8% in a single day, most traders know this, hence why people reallocate their funds.
Well I think it's pants, dow due to open 400 points up but will Sophos rise, nah
I wouldn't worry about the small dip in SP. I suggest it's just a case of day traders/investors just taking a few quid out of Sophos to make a few quid on any Mining stock....all the miners are up so can't blame people taking advantage.
It's likely that miners will also be up again tomorrow, so I would not expect much movement in the Sophos SP this week.
I never hold shares long term as it rarely pays. I sell when there are better opportunities elsewhere.
I would be surprised if the Miners don't continue their momentum this week. Can't see any negative global news that will cause Miners to re-trace over the next day or so....It's not beneficial to Trump to come out with any stupid tweets this week. I've jumped back into Evraz today. (I wouldn't touch KAZ as it's far too volatile).
Considering the FTSE is flying high today it's disanointing to see a regression on SP. Is this a sign of things to come or are ii's making easier gains elsewhere i.e. in Kaz today?