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Evening buddy, yeah stocks arent as responsive to changes in personell as perhaps they should be. Who knows whether the next chairman will be any good but you would expect a certain calibre. I think i looked into phtm some years ago but didnt buy, will have another look and post some remarks. ATB
Looks like my initial pessimism was unwarranted, all being well I'll be fully loaded again by Friday. If I lose a few pence here or there I'm not bothered I'm gonna' stay patient and alert. Is phtm on your watch list by any chance. D.
Hi Soleman I haven't given up here I am just waiting to see what effect the top man leaving is going to have in the short term, I check all rns's before market opens, I thought yesterday's news may have caused short term dip and I sold hoping to take advantage but alas " no dip " Will buy back hopefully lower than I sold. Two ii's selling and chairman bailing it is worth close monitoring under valued or not. D
Yes bruce the price is not right, many large caps are overvalued imho. Imagine where the ftse goes if wall street moves into a bear market. I still wouldnt be surprised to see ftse 5000 in the next few years so caution is the name of the game for me with large caps im focussing on individual stories its a stock pickers market atm. I havent been buying just waiting for the fruits to ripen. Genl seems to have woken up today and should start its ascent. We will have to see how it pans out but i feel you may have reduced at precisely the wrong time. ATB
I expected more of a reaction to the news of the chairman leaving. He's been in place since Advent's takeover in 2010 and came out of the ipo with 4.8 million shares. Joe Soap he's not. Perhaps mm's haven't the room to initiate a major retrace on what appeared to be bad news, "I wish." We need to tread carefully here me thinks sir just in case he and his bosses decide to get out of dfs altogether. Reduced my holding by half yesterday just in case. Watching carefully to see which way we go. Nothing new for me Soleman I've a few on my serious watchlist but everything is just to expensive at the moment. D.
Morning badger, yesterdays no news was pretty boring. It seems we have built up a decent chart support in the teens here. If we can close blue today it might initiate the start of a move to 260p in short order. Breaking 210p invalidates that. Have you bought any new stocks this week? Tight loins, sole
That would be Advent's man going then. D.
There has been a reasonable rise on daily volume here over the last 6 weeks I'm hoping that interest does not suddenly evaporate. I agree the recovery could be slow, however. This has been seriously on my radar since final results and I have noted substantial peaks and troughs since, not all were related to the initial ii dump. I've also been looking at scs who like dfs seem to be undervalued. If you fire up the yearly chart and compare both companies there is an uncanny shadowing of us and them. It makes no sense but I'm beginning to think that owning a share with a decent yield is pointless, seems to be it's only supplying ammo to mm's to disrupt the price of relatively stable companies. I know they need to do this to stimulate the market and it's up to us to deal with it. Maybe I need to either get a strategy or change the one I'm not sure I've got. D.
There are always pitfalls, i looked at all those dusters when they were pounds but there were definately red flags. Theres money to be made from even the worst though two of those i double bagged from the bottom and gpx twice. Think if i were a retiree i would stick to the western world. There are some decent buys around but nothing compelling. Theres no harm in sitting on your cash until the market or sectors turn down. If i were to put more into this space it would probably be scs to balance the risk between them, 150p looks like reasonable entry. Im thinking dfs will have a slow low vol drift up into the new year as it is december but flat would be fine then next year game on. Yeah this time nexr year rodders!
Hi Soleman I only got back into stocks late July this was one of my first picks. The last time I was trading was the heady days of gkp, xel, des, rkh, gpx and many more who then were multiple pound shares. I seem to remember gpx turn down a couple quid a share takeover from India !!! Your right patience required for this game. You obviously have to do a bit of homework before you open the wallet but no matter how much you research there are pitfalls everywhere. A wee bit disappointed at the finish on Friday, should have expected it I suppose. I think you said two to three weeks usually to recover from divi retrace, I can wait. I am prepared to buy again if the price falls further but it's not really something I really want to do but I've nothing on my watchlist that looks better value than dfs. " This time next year Rodney we could be millionaires " D. .
Morning badger I also had a night at the pub, you squeezed a better average than me then @220p! If your retired stocks are a nice distraction from watching countdown so cant be that bad. I think your right in buying companies like dfs. Any largeish cap thats trading considerably under book value with a fat divvi will pay you to wait without too much risk. Just a question of avoiding pitfalls and im sure youll do fine. Stocks really can be addictive, i find the biggest danger is becoming au fait after making decent gains and taking unnecessary risks so just have to go by numbers and rules rather than emotional trades. ATB
Been monitoring the price closely this morning just in case the bad boys tried it on. So far so good. Will pop in for a quick look before off to pub at three ish. Retirement has it's benefits. Don't know what's happened to Steello he used to post quite regularly but of late not so often. I can see me being in this one for a while, averageing 219p ish with £500 to come in divi. So not really on a great return for my 15k. Forgot how addictive this game is started out in July with a plan of 10k maximum over 4 shares, well that's long gone now. D.
I totally agree, i firstly would like to see the debt payed off then money put into growth with scs a great target. The special divident will create gyrations in the stock price but with no real benefit as we lose capital value after the payment. I think the special divvi should be cancelled and the regular one frozen for a few years thats all thats required to get the balance sheet rock solid to go forward and create growth. ATB
I've reservations about the possible buyback and special divi payment agreed at the recent agm. Acquisitions I suppose are always possible but I was disappointed they were not mentioned specifically in the itinerary. My opinion only but I'd rather excess cash and credit available within the business be directed to a positive acquisition policy. Is it so crazy to see us buying scs, it would certainly widen the spectrum. Their fundamentals are sound, debt manageable, cash in bank. A lot of there business is done profitibly through outlets in House of Fraser, that's an avenue we don't have. I'm probably missing something wouldn't surprise me. What do you think Soleman.. D.
I agree with what you said about the sepu board its the wild west, lacking meaningful information to say the least. I like the genl board but theres a few destructive posters coming on board recently which is a shame. They will probably just melt away with the next price increase anyways. I find most large ex divvi gaps get closed in fairly short order giving a target price to sell if inclined. Scs really did get slammed but its a fat payment. Im still thinking of picking some up there but not above 150p so it may never happen. At some point within the next few years i can see a very nasty downtrend happening to biff. Hard to predict a bottom valuation too without chart history and negative equity makes just about anything possible. Of course my opinion is just that so dont take it as gospel i wouldnt want to be responsible for you missing out. BOO seems to be weakening, needs to breach 115p though for the flood gates to open but looks like a great short candidate for 2017. Tight lines
I'm really glad the ex divi, due divi day pallaver is behind us it's usually a coin toss whether to sell on pre divi day rise then rebuy on post divi day retrace or just hold for divi. The difference is usually minimal but can be substantial in some cases. Check scs they got murdered ! I've freed up some cash just in case mm's have a go. Apoligies if it appeared I was ******* of sepu pi's in my previous post it wasn't intended. Lot of sentiment on there. For what it's worth doubled up my holding this morning only up to 15k shares now nothing compared to a lot of guys on there but it's enough for me. Biff on the back burner now haven't got a price in my head where I would rebuy enough going on at the moment. Good hunting sir. D.
Morning badger! I only just got the ex-divvi price right but better to be roughly right than precisely wrong. I think selling biff was a sound decision, its all about putting reward in favour above risk but i didnt think the balance was right there. Im still holding sepu, generally when T/O talks go on and on it pans out in the end and even if not im very happy to hold on for better times. GENL hasnt performed yet despite all the positivity flying around the oil space but thats my top pick now for 2017. I fail to understand how the market can value such a profitable business so poorly but watch that space. CPI looksinteresting at the moment, chart says 400p should be big support, 300p would be a conviction buy price on valuation. Im just watching for now theres no point chasing falling knifes and runaway brides! I was also surprised how well this performed yesterday, it opened just 2% down and didnt close too much further south, im just hoping it stays stable to year end then upwards into the new year. ATB buddy
Thought our ex divi share price held up fairly well guys, I was half expecting a major blootering' by the manky' makers today. There's no doubt they'll stick the boot in at some point before this thing settles, if they do the badger's ready I've been down the Nationwide for more ammo. Anything aproaching near 215p's and I've another thirty bob ready to dive in with. Soleman. There must have been a few strokes and heart attacks over on sepu today the supercalafragelisticexpealadocioust's had there heart set on the rns today. Ah well hopefully good news tomorrow. D.
Good morning Soleman Yes I did notice gpx took an almighty hike yesterday, this game has a habit of kicking us even when we win. Don't do the speculative stuff anymore, I know that's where you can make the big money but the risks outweigh the benefits for me. If it's not got an order book it's not for me. I did another study of the the biffa books and decided you were right it is to expensive at the moment took my 5k out at a tiny profit and put it in here till I find a home for it. Congrats' on getting the ex divi date price correct I think we all had an idea of what it would be but you were the only one brave enough to put it out there. Sepu soon " it does have an order book " don't read their board anymore, can't stand all that guess the price pallaver. Time to read all the interesting company rns's before breakfast D.
Good evening, yes lookinga bit brighter. Of course we must drop into ex divvi but its the first fat pay check for us. Its always nice to get payed while we wait for the capitol gains. A little bit of a dissapointing day for me seeing gpx breach 12p so soon after selling @6! But then i did sell it twice for double money at 6p before only to see it fallback to 3p. ATB
Things a tad healthier since your last visit. 10% rise. Hope all goes well with house moving. Ex divi tomorrow so I expect a retrace to around 220p ish by weeks end. Personally I won't be cutting back till we hit mid 240p's. Mid January hopefully. Got a bit carried away in this one, lesson learnt !!!!! D.
Ok fellas great rise for sp today im out at the moment moveing house returning from dublin to gt manchester so wont be on board for a while good luck and ALB mike
Think you've made a sound decision. As you know the price usually drops after ex divi date so it's a bit of a gamble if you don't take some profits prior. For me I've got my average down to 219p, not decided yet if I'm going to reduce my holding, we'll see how price is during the course of this week. Lrd just a nibble for me took my £200 loss put the money in here. Would have held on there but £185 mill. Seemed an awful lot to raise. Will see what happens there after dilution. D.
Morning old You're half right. I took half my money out, I just got a bit lucky with that jump up. I still have half here so it's still just over £60k. I wanted to double my holding in 88e before things build up to the next news. I've had the lurgy all week. It absolutely floored me. I hope all is well with you I won't mention Laird but I did think of you when I saw that drop. I think you'll be fine there, it'll just take a bit more time. Ste
Where are you mate thought you would have been on here tonight. I'm hoping and praying you never abandoned us. Spent the whole week averaging doon' believe they call it Steello disease. Next week ultra important. D.