The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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very pointy
pointy hat
ahead to maybe £11.01 looking good
pointy h4t great minds think alone lol
Short position opened at 9.20 hoping to see minimum 8.20 from here
who know?? Share prices generally tend to rise sharply when a stock buy-back is announced. Less shares on the market means less dividends to pay out, lower capital etc
is it a good time to buy?
I would like to invite the analysts from Citigroup and Liberum to a lunch (my shout) and listen why 8 days apart they came out with such opposing views on the future sp £9.75 versus £3.60 How is that possible? There should be a table of analyst accuracy predictions, a sort of shame league or even a body that regulates/invites them in to explain how they arrived at their prediction. I see these wild predictions plastered all over the market. And to think large institutions who control billions are taking advice from these muppets. Imagine a doctor making such wild diagnosis, they would be struck off .....
Share price will go up slightly cos the ex-dividend date is a couple of days away, then no doubt it will drop later in the week...
look like brexit is going to bite
from today result Operating cash flow increased 52% benefitting from tight working capital control, lower cash incentive payments and the weakness of Sterling. Our cash conversion increased to 104%
Pearson has signed a 10-year deal to provide online degree courses for Manchester Metropolitan University as it seeks to shift attention from its faltering US higher education division.
Any reason for today's fall?
Hoping that BT can do the same. Market reactions are often overblown, these FTSE100 companies are the cream of the crop and they will have contingency in place to steady investor anxiety
Yep finished up every day I think since the day of the big fall and doing well on the NYSE.
Apologies if info on this anticipated move has been posted here before http://blogs.wsj.com/cfo/2017/01/18/sale-of-penguin-could-leave-pearson-debt-free/
Just checked in here and count myself really lucky. I bought at 790p and sold at 825p to put my money elsewhere. I bought on the dividend yield and Motley Fool (I think) tip of their '5 safe investments for 2017' Phew. Might buy them back now
OK I sold out too. All best if you think share price will recover. I got concerned, on reflection, that there is a conflict between the sale of books and rentals, as they are competing against each other.
I know that i said hold, bought second trench @ 568 this morning but as people say every little helps so out for the time being with a little profit all gone :-)
The most important thing about investing is NOT to lose money, therefore it is vitally important to know all the risks before opening your purse. This is a hard lesson for many PIs who only want to see the sunshine. I've been watching PSON for a while, so all inputs are to be noted. Unless you've got a few million £ to invest, your pittance will not make the slightest difference to the sp! Neither will most PIs investments as it is a big boys play. See here: Liberum said Pearson's major profit warning and accelerated plans to recover from the US higher education challenges to protect the dividend were "too little, too late". The FTSE 100-listed company said it intended to exit from its 47% stake in Penguin Random House to beef up its balance sheet, announced it is expanding its US higher education rental offering and, "for the first time", Liberum said, explicitly recognised the structural problems in their US higher education market. Pearson said it still expected to make £630 adjusted operating profits, but for 2017 guidance for adjusted EPS was slashed to 48.5p-55.5p, far below consensus 63.5p. The broker felt the "key point" was that US higher education courseware fell 30% yoy in the fourth quarter and 18% for full year, estimating US higher ed is roughly 45% of profits. "Our main area of concern has always been PSON's US Higher Education business and that students were no longer paying for expensive textbooks and moving to cheaper options, particularly book rentals," analysts wrote. "This has now proven to be the case (despite Pearson citing inventory issues, which may be another way of explaining the problem) but it has taken PSON management several years to publicly accept the impact. Analyst Ian Whittaker said reducing e-book rental prices by 50% might not be enough to take share and, as has been seen in the music industry, "there is a question of association for students between the publishers' title and the book they want to buy", while the new rental plan may put Pearson at odds with their important bookseller customers. With the monetisation of PRH leading to significant earnings dilution, Liberum's 'sell' rating and 470p target since last year were looking ever more prescient.
hedgies - with respect - do you own the shares or not!? why are you trolling aboutthe company? Yes its had profit warnings and the management need a slap - but how do YOU know its on its last legs? Why bother sitting here telling people its doomed etc unless your a shorter and just being a pain. Personally at this level i think its a medium term buy - and have added to my sipp. For what its worth go somewhere else;) thankyou.
What's funny is when this went from 1200 to 990 early 2016, there were people looking for a bounce then ....
Having said what I wrote below ... for scalp trade on the 1 min chart I saw the 8 EMA cross over the 34 EMA which is a trigger sign for me so I have bought 868 shares at 572p
To £6 I think
tend to agree with Hedgies on this. On the technical it is oversold ... RSI on the daily chart is below 30% and to be exact around 10... that's oversold ... but as we know shares can remain in the o/sold zone for quite a while yet as a falling sp finds it level .. it is in unchartered territory right now as you would have to go back to 2008 for support at a similar price. My conclusion is if u not invested .. sit on the sidelines and wait ..... for the RSI to come out of the oversold. just my own perspective. Borgy
To be fair I wasn't making any claims about fundamentals or the company, my bid was merely a gamble about a dead cat bounce. Didn't pay off so sold with minor loss. Hey ho