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Here’s one....up over 15% from last Friday;)) cracking weekend all.
Do you have any other earth shattering opinions?
I think SLA is on a uptrend now from £2
Bodes well for next month. I really cannot see this falling much further. Mind you I am nearly 14% down, so probably best to ignore my views.
One of the few shares I own that did not dissapoint on payment of dividends.
I expect a steady move up to £3 over the next 6-12 months.
Well it appears that for whatever reasons a lot of heavy II’s are reducing their holdings in SLA
It could be that most are under stress cause of heavy loses due to CV 19 or its that silly time of the year when these II’s have to balance their books and thus request daily selling which the RNS’s tell us
Or the more telling reason could be that these guys have got a upfront info that SLA under new cost cutting crazy CEO are planning to cut the next years final divi, now that if true will most certainly put the banana skid under many of these II’s as they invest in high yielding companies with people pensions and any indication that the return as DIVI might be under threat will most certainly result in large dumps as we are seeing day after day
The SP just is not able to absorb such intended sales as is the evident on daily basis
So I could see sub 2 quid not far which is the time for screen buy
A bad time to sell, A fantastic time to buy. imo
Some chunky trades coming through lately, lots of declarations all the while the company picks up cheap ones off the market.....could be a nice recovery play if all goes well. All IMHO of course;)
I can see from today’s RNS’s that II’s are back buying this stock which has taken a hit for no reason at all
I don’t know how this market works, here is a sound financial company paying nearly 10% divi and having over 600billion of assets under their portfolio management and having tangible assets like their value of investment in largest insurance company in India and host of other UK, US,Canada, Far East etc investments which are all solid and cash positive
And yet this daft UK top 100 market decided out of the blue and with no negative news out to mark the shares down by 50P only in UK !! In US this company will be valued at least twice what it is in UK
One day soon this sleepy market will wake up and value this solid company to a proper valuation it deserved
A rise of over 3% today, Monday. So perhaps it is not all bad. I cannot see why we are heading back to the lows of early this year...
Something seems to have spooked the markets for SLA shares there are no negative news out and company actively buying back shares to cancel them
The price currently matches almost March April lows
And many other FT 100 companies have somewhat recovered from those months lows
So why is there a constant mark down of SLA shares
We are all in the dark and company does not give any news either
If there are no bad news then the company should calm the markets and say so
Or maybe the company is loving this constant drop as they are a big buyer of these shares
Either way I cannot believe there is no reason for this daily drop has anyone got better info please share
Thx
And mine - plus Aviva, Lloyds & a couple of blue chip REIT's
It seems investing for income/dividends in supposedly sound UK businesses with low ish multiples and good div cover is for dummies. 100 plus earnings multiples was the game to be in - go figure
Is there any point in buying FTSE 100 companies when the American markets have such an impact? This is getting ludicrous.
zac0_4, Welcome to my world :)
Hopefully over the next couple of years we'll see some reasonable recovery in UK listed shares. Once my holdings (SLA, LGEN, BP & RDSB) get back to levels where I feel comfortable selling, they're gone!
It's taken a crises such as this to finally convince me that investing for dividends in UK listed shares is a waste of time!
Luckily the largest proportion of my portfolio is held in global equity funds. Had it all been in the above I'd be suicidal!!!!
@Alavib, I think the day you mentioned that it dropped around 17.8p was when it went ex-div on 20.08.2020 - granted the div was 7.3p but also the FTSE dropped around 100 point that day as well, so that could have been the reason for the big drop that day, but yes its not good the fall since then!!
Well second RNS informing a major share holder showing another II loading up to over 5% of the company’s share capital!
Could it be that the market held the price down for this massive order to be filled?
Although I very much doubt any LTH would have sold out to enable the MM’s to fill the large institutional buy order and it looks like the buy order is not over yet as despite the RNS which on any other day would have pushed the price higher the SP is almost 3% down yet!!
What a game these MM’s play
Well in MHO the market have got wind of something like Few stressed Ii’s planning to off load shares to cover CV19 loses as one day couple of weeks ago it dropped by 17.8 P without any news
And has been on slide down ever since
Also there was a suggestion that the new CEO may start trimming the divi’s as he is well know for cost cutting and what better way to start this than take cash off the table
This most certainly would have spooked the Ii’s who rely on the Divi to pay pensions etc
I hope I am wrong of course as the company had specified they would pay the 7.3 interim
But the big question is the final divi would the new CEO start the cost cutting by trimming the final ?
What do you think?
Can’t see any logic to it, I keep loading up as it drops, playing a long term hold on this one.
What a shambles the UK stock market, certainly FTSE100, is!
Can anyone tell me as to why the SP has taken such hit coming down from 270 to 227?
Today it was announced that an II has added and the company is paying interim divi and overall paying 21.6p divi not to mention the daily share buybacks
Is it to do with the new CEO coming on board?
Any suggestions will be much appreciated
In my experience share buy backs benefit directors and hurt shareholders.
0)
Really surprised to see this price again, thought all these share buy backs would have moved this up more!!
Thanks Schjmh, an excellent account as to why companies buy back their own shares.