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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
I'm also in at 600 and 574 GLA
You're making a classic mistake thinking this is oversold. Look at the fundamentals of the company, it's clearly a company with a past not a future. This will continue to go down. Every time investors have thought the last profit warning was the last it hasn't been.
I bought in this afternoon at 580, anything that drops >15% is typically an over reaction (I hope!). Hoping for a bit of a bounce tomorrow
Assuming eps 2017 is 50, we are at 12x 2017 earnings. Assuming divident is cut to 60% payout its gonna be 30, so a 5% yield at current prices. 2016 valuation is appx 10x eps, and final dividend yield of more than 5% Its a risky bet, I'm averaging back in from today.
That equates to very nearly 6%. Not bad for those who buy in at this price. Tempted to have a decent size nibble in the morning. I see the SP is holding firm at around our closing price Stateside at the moment. Over reaction today - we'll know soon enough. DYOR.
bounce first before heading down to 500p, best wait for the next results before getting in imo, gla
to sell some assets like Financial Times, The Economist Group and PowerSchool like last year so the balance sheet shows a profit then sp will not drop when they release the next results in feb otherwise they will be making a loss imo if you see last interim results gla
:-( did not go down to what i wanted to only got one trench at 570 but still lol , thanks for the forward thinking queenelvis :-) .xx
Indeed digital is the way forward and whilst you don't need to read a book or newspaper, you still have prescribed reading lists when you are studying. I heard some old buffer this morning talking about famous print journalists and I had never 'erd of any of them. You don't get fame like Robert Fisk seven times British International Journalist of the Year these days do you. Anyhow 34p final dividend so might well see denby's price prediction fulfilled.
PSON should accelerate its digital reform.
mistake rise back up to 700 p
pearson will drop to 520 and then recover in the short term > 650 after it gets its act together and more education spending it will rise back to 3700
by the industry's cover. Just read this article and it seems the company is pretty switched on about tranisition to digital needs in education. Apparently sold FT anticipating falls in newspaper readership. Watched a programme last night about circulation drops in Scotsman newspaper so Andrew Neil seems to have realised the bbc will be there for a while yet but print might not. GLA
Lets see how much they get for their 47% stake....
wouldn't jump in to quickly, that was not good reading. imho
Be back up there soon enough
I totally agree digital education is a big challenge and there may be structural issues but it is difficult to know for certain with the us at full employment - the proof one way or another will be within the next. 2- 3 years I guess as unemployment ticks up ( it can't go lower!) and if the democrats take the White House and congress and its spend spend spend !! For now I am giving them the benefit of the doubt - PRH is probably worth 1.5 to 2 b dollars and they will probably look to offload in the next couple of years
They're trying to bat it away but you only have to research the last few announcements to see this company is suffering structural issues not simply cyclical. I used to think a new ceo might change the horizon but I doubt anyone could now make a go of this. There's simply too many changes happening in education and the earnings outlook is highly uncertain with emphasis to the downside
At this price cant be much more downside and IF the board deliver year end results perhaps a bit more faith in their pronouncements and ability to deliver Could also be an upside if the democrats sweep congress and the white house as they will spend a lot on education
Buying this share depends on your opinion of the board - if you believe guidance it is significantly undervalued. If you believe the whole structure and delivery of education for Pearson is in danger whichever is absolutely arguable then it is a sell. I just have a feeling that the board surely they would have guided down if they weren't pretty confident of hitting the numbers and will look very very foolish if they miss at least the 580n target
The share was up from the late 700s to about 830 at the end of last week, ahead of this announcement, so the 10% to be taken in context. At 750p it is trading at 13.6x 2016 earnings and 11.5x next year. My view is that the dividend is fairly safe at around the 50p mark, so for the final div, i am hoping for at least 32p = 4% yield. Not the best or most interesting investment out there. But then, individual stocks generally are all over the place at the moment, and at least Pearson is a mild currency hedge against more sterling weakening. Did a small top up, but most of of my holding is at about 820p.
10% overdone if full year guidance reiterated ?
Apologies for board hopping but- The petition is going quite well; ~5100 signatures so far. Although it really needs a turbo boost. https://petition.parliament.uk/petitions/112044/sponsors/frRbCOsOLO6QqIN82UOX This petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016. The FCA don't even reply on the matter, now is your chance to have your say. If you hate seeing buys reported as sells etc!!!!!! Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog. My local MP supported this petition by writing to the petitions committee to help un-stall it. There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go! If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond. We are currently getting approx. 100 new signatures a week, but need 3x that amount to reach the target with only 15 weeks to go. So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so. If each person who has signed can get just one other person to sign then we will double the total immediately. I have posted to all aim listed gas n oilies, currently doing the footsy 100. But I can only do so much to push this. Really need you guys & gals to help. Thanks to all who have signed so far.
I think most of mine are all long term, especially SXX and UKOG. Pearson shares could easily go back to the highs of £12 but again that depends on John Fallon's performance over the next couple of years.