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.
Hi Very true, but you know what they say, facts are stranger than fiction. IMO, the sub 2 quid is possible if the governments get desperate and want to buy voters with cheaper gas and electric and put further restrictions and taxes on companies like this. CNA has often been in the bid specs for a number of yrs and recently. It can also make a mistake with finances or poor investment/etc or competition. IMO, as things stand if SP went down to lets say about 230p, bid dpec would push it back up. IMO, most SP are over priced and a stock market crash or massive correction is on the cars as nothing goes up in a straight line. ATB DYOR
Below £2? You would need a severe market meltdown (not a correction) for that price range to be hit. Are you making that prediction?
15 Oct '14
RE: Keep the faith.
Chins up. IMO if this falls below 2 quid, may trigger a bid? A few months ago a lot of spec re bid but never materialised. Poss a good long term hold for divs? DYOR ATB
15 Oct '14
What will it be in a couple days time, that's what important (in the current volatile market)
13 Oct '14
Keep the faith.
Good divi + a well run service provider - I predict 330 by Christmas....hold me to this...
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