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Dividends are important for pension funds and old pensioners like me on a fixed income.
Dividends are important for pension funds and old pensioners like me on a fixed income.
I think you're right bluedreamer, fair media coverage is definitely what's needed. Clearly the negative articles haven't impacted sales, so they're now just being pushed by tabloids needing a headline and those wanting to drop the share price.
Good to know thanks. Hopefully the Sunday papers will help too. I'm not selling anyway so I don't mind if it takes a while. I think we will get there.
Thanks Snowwoman with regards to people not being ready to pay over 400, apparently the order book at open had bids upto 450 waiting to be filled. I'm not sure whether today will have changed that, but it seems there was at least some demand at those levels
ps. re dividends I would be concerned as it would signal to me that they were no longer investing in growth. I would rather they keep growing and don't pay a dividend.
Honest opinion think only two institutions sold off some shares when the bad news came out, the biggest being Aberdeen, the biggest holders Jupiter didn't sell any as far as I know. They gave sold a few since but only to stay in their own 10%=parameters. To be honest if Aberdeen where my pension providers I would be mightily p..ed off with them just dumping shares instead of waiting to see the responses, I also think only their ESG find sold any shares not all the Aberdeen funds. Might be totally wrong in memory but a lot of sleeps since then.
Just been on the local BBC North West news about Boos profits, also mentioned the Leicester allegations but also mentioned Boo were not found complicit, now that's fair. Hopefully it kicks on tomorrow to the promised lands of 500. GLA
Agree with you longer guy. A fair few bought for a medium term swing trade and if they all try to sell today it will dampen the price.
Also we need buyers above £4. I wonder if maybe people aren't quite ready to pay £4.00-4.50 for this just yet. It will come though in time. Hopefully some broker upgrades are on their way. US growth is very promising long term.
I can understand the reduced trust, I imagine we're all a bit nervous now. If they announced dividends that could help because many stocks have suspended them
I hope so too. But this could take longer to come to fruition. I think B has lost all trust with the big funds and it will take time before they come back and embrace the colourful characters at BH
So the results were better than expected and the price fell, but this could just be delaying the inevitable:
Many people bought in at 210 or at least the 200s and this has been the day they've been holding out for. They've been well rewarded in return and sold at a healthy profit today, but that counteracted all those people looking to buy as a result of the strong financials. Now those sellers have hopefully gone, it means anyone else who wishes to buy will need to pry the shares off those of us who aren't so keen to sell.
I had a similar situation on a smaller scale with NEX. After a heavy fall they announced a strong financial update out of the blue last week and the price rose because the update was unexpected, however the next day it fell about 3% as people took their profits from the previous rise. The day after it rose even more than it did on the first day. That second day was just delaying it.
I really feel the positive impact of this update is just delayed, this is a company that's growing in a climate where most things are declining. I'm not saying this to ramp and it's partially in hope, but I bought more today at 385 as I'm convinced there's still a lot of value in this company yet and immediate gains to be had as ii's try to buy back in