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
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.
I hate to say it...
...but i told you so. Just wish people did proper research on here before recommending buying @ 440p Didn't expect it to go this low mind you.
good share to SHORT
profit warning re coaster crash
23 Jul '15
Not long now
Half year results day soon.... expect average results but very challenging outlook stated with last months numbers extremely worrying. uk customer numbers down massively. shares to drop 20% within weeks. small declines already kicking in.
17 Jul '15
RECOMMENDATION BUY TARGET 448.50 The Major trend of MERLIN ENTERTAINMENTS GROUP PLC it is showing strength for buying .If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 443.50 then it can test resistance level for the target of 448.50 with the stop loss of 439 CHART FORMATION:- Stock is trading in a range and trading near the trendline. Breaking the resistance line will lead to upside movement. Stock is trading above the 50 DMA with positive bias. INDICATORS:- RSI is trading near to 61.57 level with positive bias, in upcoming session upside movement is expected. MACD and Signal line is sustaining above the zero level line. Skype tayal.smith1
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