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Whilst it may well be that it is the same buyer there has been no regulatory 'notice of holding' filed, at least so far. It could just be someone who thinks that it is a good little business and wants a decent holding, after all it does pay a dividend that is higher than an average bank deposit.
again this morn looks like the breaks are off
agreed more 5000 buys at 90p wonder if same buyer if so are they trying to increase holdings without bringing too much attention/movement sp here? who knows?
The chart is possibly correct. However if there are other factors involved then who knows?
looks like it on the chart might not get past 92p if you believe all that TA nonsense was hoping to break major resistance at 95.5p
; )
delayed trade I guess
100K at 93.8p 'Fat finger' - or what?
No complaints - I'm a big holder and long term, and increase my investment regularly. I just observe these slightly irrational jumps (up and down) and am trying to work out if there is anything behind them other than normal market gyrations. You could get 'em for 70p a few weeks ago!
FallingKnife, In view of the kezzman posts below am now beginning to wonder when you will see your buying price of under 75p. It may take one of those shockingly bad days with everyone bailing out of everything.
paying well over bid someone wants these babys
in 5k chunks here what do the know?
monkey off the back
looks like same buyer ticking up nicely
that big worked sell or buy? seems to be allowing it to move freely hopfully get some upside now its cleared
100k 93.8 is that a delayed sell from months ago? sp might move a bit now with that monster out the way
Any ideas on why the sudden jump? I thought the SP rode out the results niceley. The reduction in renenues was expected and pre-announced, but I can see no reason for the big jump up over the last few days. My 'top only under 75p' policy is still in place! I spoke to some of the sales guys at DSEi recently, and they seemed happy - they feel they have good stuff to sell.
Looks like my prophecy was correct, Storm. Its faded back to where it started. Could of sold at 95 and buy back now at 75, but like i said, I'm a LTI with this one. Will only top up below 75.
Some holders may consider substantially reducing as it appears that the UK government is about to look at labour related matters and UK employees rightly could get much better terms. I do not think that sick pay will be bendable as some companies do. Such as paying a bonus provided that you never go sick. Only an opinion.
FallingKnife, And it pays a dividend.
I am a long term holder here - I know this company well as a customer/partner/competitor and they are respected and well run. i think the recent flurry has probably put the SP into 'over bought' territory. I expect future growth to be steady rather than spectacular. However, long term it is a sound investment, cash in reserve, spending wisely on development (essential in their business). If i was a trader, I would sell now to buy back when the excitement wears out, but I'm an investor, very long term. I'm even taking into account that this investment is IHT exempt if you leave it for 2 years! Morbin, I know.
Thanks Pinkers, I have along with others been a shareholder here for a number of years and often wondered why very few seemed particularly interested in investing in what is a good little business. It was always a bit of a 'no brainer' that if a seemingly bellicose Mr Trump were to be elected it would be good for 'defence' stocks including us. What ever anyone thinks of Trump it has to be acknowledged that so far he has done good for the CNC shareholders and now it seems has Mr Lee. All we need now is for the company to firm it up by making a few stunning sales.
John Lee pointed out that CNC should benefit from increased US spending in the defence sector. In the same column he tipped Quarto and that hasn't moved at all. Lee is extremely well connected, on the inside track. Holding a small number of small-caps he has been pushing in the FT for years, both have featured many times. In the long run, he usually gets it right. And when he doesn't, he never mentions the stock again: Christies support is a good example. I checked it out after he tipped it and was put off by its weak balance sheet; the stock has since lost half of its value.
Pinkers, Please will you be kind and expand on this. Please why do you think that the Trump effect is involved? Many of my shares have benefitted from Trump but the majority are now beginning to weaken. Even so a number of them did not rise at all on the back of Trump and their prices remain mostly unchanged. With many thanks.
Mr Lee has been banging on about CNC for years. I do not believe that his most recent coverage is solely responsible for this phenomenal rise in the last few days. However, as Mr Lee has pointed out for the first time, the Trump effect may well play a role.