So you predicted a 5p drop.... Anyway, I too see this needing to test 350p before it gains legs again, Im not too sure what catalyst there is for short term price movement being anything but drifting downwards.
12 Aug '15
@tayalsmith you hardly need a crystal ball to make that prediction, considering the SP has already fell to below your prediction today already. How about an actual prediction of where this might bottom out? My prediction is 350, looks like it may be floating down to August 2014 levels.
12 Aug '15
SELL for TARGET 394 Trend of MERLIN ENTERTAINMENTS PLC shows selling side. Support level of 398 Stock is trading in a range and trading near the trend-line. Breaking the support line will lead to downside movement. Stock is trading above the 50 DMA with negative bias. RSI is trading near to 46.68 level with negative bias, in upcoming session downside movement is expected. MACD and Signal line is sustaining below the zero level line. Skype tayal.smith1
31 Jul '15
Alton Towers empty
Took the kids to Alton towers yesterday and was shocked to see it was pretty much empty. We didnt have to queue for more than 10mins at any of the rides. Even Oblivion had very little queuing. Lets hope their other attraction numbers can compensate until memory fades on the AT debacle.
31 Jul '15
RECOMMENDATION SELL TARGET 405 The Major trend of MERLIN PLC it is showing strength for selling .If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 411 then it can test support level for the target of 405 with the stop loss of 415 INDICATORS:- RSI is trading near to 37.77 level with negative bias, in upcoming session downside movement is expected. MACD and Signal line is sustaining below the zero level line. Skype tayal.smith1
28 Jul '15
Merlin’s fragility: Visitors are always looking for new thrills and attractions. This is offset by strong cash generation. However, when times are bad, maintaining a strict balance between capex, depreciation, revenues and cash is much trickier. That is clear in Merlin Entertainments’ warning on Monday. Earnings before tax, interest, depreciation and amortisation from its theme park division will, it seems, be about £45 million shy of expectations for the full year. This follows the accident at Alton Towers in June that left people badly injured. Merlin’s attractions in the U.K., which range from Madame Tussauds to Legoland, were already wobbling slightly as the strong pound stopped overseas tourists visiting the U.K. and lured Britons abroad. Then it had to close Alton Towers following the accident as well as rides at other theme parks. Worse, the accident occurred just as Merlin had staffed up for the short summer season and was preparing to go all out to promote its theme parks. That didn’t happen and visitor numbers plunged. It is hard to be certain, though. Rival SeaWorld in the U.S. is still struggling under the adverse publicity following a documentary in 2013 on the treatment of its captive orcas. The problem for Merlin is not just the immediate effect of having to close the theme park down and the hit to profits this year. It also has to restore the faith of visitors in Alton Towers while offering them bigger and better thrills without spills. And that will be in the teeth of the British weather and whatever currency headwinds blow next year.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.