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Richie agree with you back in here this time for the long haul gla regards jack
Had a little top up down here while there's some bad news about. As long as the plan is 2-3 years minimum I think it's a great recovery play. Not a massive holding with 5% of my portfolio but I'm still a believer that this will come (very) good in the end.
Good luck to all holders
Year low today, just when i thought it was safe- last monday.
This is taking a real hammering, back in the 80's
I think the SP was forced down by the MM’s early doors today in anticipation of a possible lockdown in Germany, when Bild announced that wasn’t happening this afternoon the SP rose (along with other cyclical stocks I hold). I think the panic in the market was that where Germany lead the rest of Europe follow, happy days that they’re pushing the “get vaccinated” narrative now :)
Maybe? Would have hoped for support @107, shot well below that. Being manipulated/pushed down, how far to go though?
By that RNS one fund dumping and another getting a bargain, blue day tomorrow per chance?
Odd trading patterns, sharp drops, large spread throughout the day, any ideas how so?
Hi PRN. I agree, nothing to be concerned about and I think that the 121 acquisition is a very good move. I just saw the RNS and it explained the drop which I found a little surprising after the 121 news. This one might be a bit of a slow burner over the next few months but I think it will come good for us in 2022.
Good luck
Hi Richie,
Amiral Gestion have reduced too, by 1.2% of the company, the drop in SP is understandable now.
I’m not concerned tbh due to the fact that Hyve raised 29 Million last Thursday to facilitate the purchase of 121 Group & 121 Partners from institutional investors and “ Strategic Value Partners “ at an average of approximately 110 per share, sure does make the current price look very cheap (I purchased a good chunk today at 104) , fingers crossed the results on the 16th Dec
are favourable.
All the best and good luck to all long term holders.
RWC Asset Management sold just over 1% of the company so roughly about 2.8m shares, hence the drop
Previous holding 11.83% - Current holding 10.75%
Conversely, every time I sell hyve, it shoots up way beyond my sell price, without fail!
Beach, we have all been to blame many times for dropping a share price simply by taking a position!! Weird how it happens right :) Decent entry price so I wouldn't worry too much.
There's been pretty good support for a while at 105/6 so not sure what's happened today. Maybe the Covid news around Europe? Who knows but I can't find anything specific.
Really looking towards 2022 for a recover IMHO so I'm not too worried about a few pence here and there in the meantime. I'll probably buy a few more on payday at the end of the month if we're still below my average (same as yours).
Results next month so will be interesting to see what the state of play is and what they are going to build on next year. Bit of a quiet board this one so be good to hear some opinions or news if anyone has anything?
Good luck all
I bought in at 106.4, hence the dramatic price drop below. Alwaus the same