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Does anyone know where to go to get regular news, updates and posts on this company and opinions on this stock? Ever since the value of this company started plummeting and fell in to the FTSE 250 it has been hard to find regular posts and updates on this stock, something which wasn't the case when it was in the FTSE 100 and it's share price was more healthy. Now it seems no one ever even covers it. Where do you all go to get news on this stock?
nuri: Well good to have your holding transferred and your cash guaranteed of course. Hope you get back trading soon!
Maucha - yes, all covered by FCSA, which is great. Everything is transferred in one go to another broker. Re: good advice. I hope it is. I wouldnt suggest to others what I wouldnt do myself.
nuri: Not at all and thanks for the good advice. Cash aside, can I ask what happened to your share held with SVS...surely they don't remain in limbo and you must be able to sell these. Were they transferred to another platform?
Maucha - thanks for your kind comments - it is appreciated. My recommendation is that you diversify your broker. I am without funds since August last year and wont get access til May.
We'll see what happens tomorow. I have some dry powder to expend again if this thing drops more than it should on whatever comes tomorrow.
nuri: That's a bummer. To be without access to capital all that time and it could happen to any of us. I'm now thinking that I have too many eggs in the one basket!
If the results justify this fall it will be another example of the City leaking like a sieve.
Declines are too big for my liking. Even if they are being driven by shorts, I would be fearful of this happening the few days before the financial results and new market guidance for the next period.
I think their Q1 end was Friday just gone so there may be a view on the half year position and sales.
Cheap as chips still but there could be further down side.
August last year... nightmare
August last year... nightmare
nuri: How long is SVS taking to sort-out..6 months? You need access to your cash. Did they move any shares held or are these also in limbo too?
6x earnings and 10% yield feels like a lot of bad news in the price already? In addition, guidance in November was that things hadn't got worse. Price change suggests that this may have changed, but company worth $4bn generating free cash flow of about $800m seems to cheap to me. I've been buying at 990p this morning.
Thanks nuri. I've put in a few quid at €9.94. I was in here previously but took profit a few weeks ago at €11.30...one of my few recent successes!! I take your point on valuation so we'll see what the trading update brings tmrw.
Maucha - I would be more than happy to put a few £k in but very constrained as my shares in lock down at SVS. At 3 x earnings and in an industry that could see big growth over next few years, this serves as being very undervalued in my opinion.
nuri123a: I wonder if this is just nerves prior to update tmrw. I think I will have to take a punt at this price!
Wish I had £10k spare. My funds locked up in SVS. Have £20k cash there but cant get my hands on it.
3 x earnings. Wow - super cheap. valued at half the HP acquisition, and then there are all the other parts of the company.
Yesterday's move was entirely down to shorting - Jericho shorted 0.5% of the shares. This isn't a problem for me as it explains the reason behind the drop. What would be a reason for concern is if they knew something others on here didn't and that something is revealed next week!
I have been in and out this share several times. Currently I am out of it.
For me, this sudden drop is too big and too close to the next set of results and update.
If we start to see a recovery today maybe I will dip back in, otherwise I will probably stay out of it at the moment in case the Tuesday outlook is not as rosey as expected and still showing a material YoY decline in revenue.
Just my opinion.
Tex: Tuesday I think. Hard to know whether to get back in on this dip or is there a big expectation of a poor update!
Clearly someone knows something. When is the next update, Monday?
Could see further declines tomorrow.
istock.... I see swings of that nature almost every day... BT case in hand! RMG! Fresnillo! Marks! The list goes on...
nuri123a, I am not trying to deramping at all, I have been watching this share for months now... over 6% swing in one day... can't say I see that often at all.... anyway only few mins before close guess you will be able to find out soon enough, gl
istock. I must sell up on the basis of your authoritative post.... shares go up and down.... I won't be selling.