Arm is expanding rapidly. It obtained planning permission for a very large new building on greenbelt. I raised this with someone I know at Arm and to put it in perspective he said there were a lot of smaller offices dotted around Cambridge so it was not all for expansion.
I attended a talk about two months ago with Mike Muller, Arm’s CTO. He said at one stage there was an issue with regard to culture in Arm as more than half the staff had been with the company for less than a year. Because of their recent expansion they were beginning to have the same problem again.
I asked him about 5G. Verizon is starting to roll this out next year and AT&T is following shortly after. He explained it was essential for the IOT and explained why. I believe 5G will mean a new generation of smart phones.
In my view the troubles Apple is having is not as significant for Arm as some of the hooray henrys make out. Their products are overhyped and overpriced and naturally they are suffering at the hands of competition who generally use arm designed processors but also Arm Mali graphics. Apple uses Imagination Technologies for their graphics. A lot of sales of smart phones are in China and the developing world.
Simon Segars presented a very positive outlook but to show balance he made an insignificant remark which the analysts seized upon. It is in the analysts’ interests for there to be uncertainty and volatility
There a quite a few org that make contrarian calls serving no other purpose than to accumulate. It stinks but it's true. GS do it a lot as well.
As for this I see strong possibility of a run up to 940/950 as shorts close out but with quite a bit of resistance in that area. A leg down after that but by then 830/850 will have been tested many times
Hi CM45, Scoop Great idea. I only see them in Building and here. All their predictions have been wrong. I wonder what the performance of shares they recommend is? Mebbe it is a deliberate idea to mislead? A British General stated a long time ago, "The Infantry don't understand their orders, the Cavalry disobey them and the Artillery have their own agenda." For me it is clear their Analysts are not fit for purpose and should have been sacked years ago. Unless they have their own agenda!? Bol
I am thinking of constructing a share portfolio to buy what liberum are panning! They do seem to have lost the plot. They write this garbage with impunity to gain publicity, but the author doesn't get fired when proved wrong down the track. Crazy stuff.
I would like to know what planet this lot are on? Target price £6.50 - Goldman Sachs £15 - the difference just doesn't add up. It didn't take them long to come out with a load of negativity when referring to end of year figures and even picked holes in some of the words used by CEO when being interviewed on Bloomberg. They seem to have a real downer on Arm full stop!!
400p off its high. But let's not get stuck on the semantics of distress. The point is for a buyer that shareholders will accept a lower exit price from 850 than from 1250p. Which is why megadeals often follow a rout.. That's all.
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