The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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yes, definitely broken out of range
no chance of 90's again... but who knows tomorrow?, initially up.
Good luck.
Undervalued and getting closer to the Ocado partnership which comes into play in under 2 weeks. Fully expect to see June highs before then. Share movement was so predictable for a while but once broke 102 momentum changed. So many people will have been caught out trying to trade it once it hit over 100 hoping for drop back into 90s, bet they're panicking now. Exciting times ahead
Tawse, you might have a point with that?, ...I don't know...but it feels a bit like when Ocado has a big, fast rise with shorts getting out. Obviously the tie-up is now featuring in the media and it's peaked people's interest over the weekend, just seems a bit surprising to me too.
Sell and buy volume is only estimated and only shows an indication to trades being made closer to the bid or ask price. Many a time I've had buys show as sells and sells shown as buys, usually when the trade has been made on exchange rather than quote.
Brilliant day today and rise continued into close, same again tomorrow ;)
Was today mainly shorts covering?
By close we had about 4 million quid of shares bought and 10 million sold.
The rise the past week from mid 90's has taken me by surprise. I was not aware of the Ocado news. But I would have expected the rise today to have seen more buyers and not sellers - what am I missing? (Genuine question.)
https://m.marketscreener.com/MARKS-SPENCER-GROUP-PLC-9590119/charts/
Yes agreed Chilting, I have 3 pharma equities now, these I have for dividend income and I watch their progress with great interest, the vaccines will be a suite of strains and meds to treat symptoms, and as you say when they start to come through the 2 nd phase with 80% success it’s going to move markets and specifically retail/pharma. Vaccine can’t come fast enough for places like Myanmar (Burma in my day) my son is plumbing in water facilities there at the moment, the poorer countries are decimated by CV19. Really sad. So predicting SP is near impossible for the Unknown’s you are of course correct, part of the ‘unknown’ and not yet built into analysts numbers is Ocado/M&S success, costs are of course and a sales forecast (probably low) if Ocado start to announce large LFL increases in volume-that’s a game changer too as I suggested in my earlier post . We have to wait and see but that’s the fun of this equity! The journey!!!
You have to watch the macro Neil - a Covid-19 vaccine will change everything.
Shorts will be aware of that and will probably reduce ahead of an anticipated launch - could be a big game changer.
I think that makes it impossible to predict where the SP will be at anytime over the next six months or so.
Quite possible Chilting, however there is no resistance to 126 now as we’ve broken the 106, so shorts have got caught! The analysts have also got caught out napping on the job so expect some upgrades shortly! On a serious note the first milestone has to be delivered yet 1 Sept deliveries out with no hitches, then trading statements from Ocado on LFL % +\- would be the most important thing, with large increases of last year’s volume we could see a steeper rise but I’m staying with the 135 by Christmas (unless we get large + trading statements) good luck all 112 next step up.
June high was 122.7 on 10th June, fully expect to see that soon. There was a lot more press about the marks and spencer and ocado partnership over the weekend and expect more of the same. This isn't just any partnership, its a Marks and Spencer partnership ;)
The shorts could have borrowed shares anything up to the June 9th high of 120.5 so they could come back into play at some stage after giving the SP freedom to rise.
local lockdowns and restrictions on restraunts and pubs means more people eating in therefore more home delivery required - just in time for 1st Sept - bring it on - £1.50 by Christmas no question about it
dyor etc
Staying above 106 will move it quickly to 125-126 as there is very little resistance.
It’s a hard to see beyond 126 atm.
Aimigo, completely agree. And after the launch can expect it to continue rising in the lead up to Christmas when it could be 140/150p. JJ
Looking good for a rise back up to 120s, seen in June, before Ocado partnership comes into play on 1st September. GLA