Not withstanding the fact that many other sp dropped on the VW news, one might imagine the MMs now have a bag-full of shares they want sell and don't want to buy anymore? PS, broker targets: is this just another MM ruse to prevent selling at an obvious sp top?
23 Sep '15
Exactly and totally agree with you. Yet another example of irrational or perhaps intentional manipulation of a share price. This kind of thing happens all the time in various sectors, associating a link with a company making news headlines for the wrong reasons.
22 Sep '15
In my opinion today's share drop in GKN makes no sense. Why should the misfortunes of one car manufacturer affect GKN. Will the public buy less cars? No. Surely GKN is a global supplier to all the car manufacturers with their advanced driveline technology etc. If someone buys a Ford instead of a Volkswagen I'm sure it must have the same GKN bits inside. Feel free to tell me if I'm talking rubbish, I'm just puzzled by these irrational moves. Before this Volkswagen debacle I had the impression that automotive sales at least in Europe were going rather well.
19 Sep '15
Chan and Panofscouse
I've learn't not to take much notice of these so called "expert" analysts and don''t generally trust them as I believe a few are attempting to manipulate prices. I had to laugh at the time of one of them in March 2014 from Barclays justifying an ASC target price of £80 when it was already on a lofty rating with a price of £60 at the time of the forecast. Look where the price is now - £26. Plus you have the irrational behaviour of those influencing market indexes, one moment it's concerns about rising US interest rates then when the authorities don't indicate a rise it switches to concerns about the global economy because US rates will not rise in the short-term. Onto GKN. The market hasn't really liked this share much usually resulting in a P/E lower than its peers. I think the main concern is that GKN has still to address its pension fund deficit. I do like the emphasis though of moving more and more into the civil aircraft business sector as I think this will be a growth area for years to come and compensate for other cyclical segments they operate in.
20 Aug '15
GKN did not stay at number one for long, it is now 6th.
20 Aug '15
Re: Analysts / Broker Updates
Forgot to add that BlackRock, Inc reported that they have upped their stake to above 5%. Which follows the recent Fokker purchase and a solid six months of trading. So, who's playing the fiddle ?
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