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it difficult as to what to think about this company. Mcap is a third of what it was, but it has a good order book. The divi is good at the current SP, but it still looks like a falling knife, doesn't it? Surely we can't be far from the bottom, which makes topping up seem attractive, but I can only imagine the FY results will be very poor, meaning further falls. If this hits 300, I doubt I'll be able to resist.
And a new lower close. It didn't go lower than this when oil was in the 20s. Must say , this stock behaves more like an AIM stock than a 250. Or is it 350 now?! The algos certainly seem to have utter control over this share. As you said, kenj, it's not just an oil play - it has many areas of expertise . Feel that by late 2017 you could be looking again at a £8/9 price?
Dduck, I have had a quick look at the website you posted. I like the links to HMRC websites to explain things, but I can't be bothered to reformat my spreadsheet data to fit the program. I have developed ways to double check my workings so am quite happy with the results. Just prefer to keep it simple by buying back the same number that I sell if within 30 days. A split trade is a pain if the shares are held for a couple of years before selling up.
the 10%...it does seem utterly detached from its peers in the way it seriously underperforms them. the next low I can see on the chart is 282ish in august 2006. I wonder if that's where they want to take it now? wouldn't surprise me in the least, even if that does give a market cap. of £1.1 billion. usually confident of seeing some sort of bounce from positions like this, but wouldn't surprise me if it closes 10% or more down. remind me why I tried to trade this again? haha
I'll have a look at that site later, got some work to do now. I agree that AMFW is very undervalued. It is being pulled down by the oil price, despite not all of its business being in oil. People are not looking at fundamentals any more. So much trading now is dependent on what the graphs predict. I may buy some more tomorrow if it gets any lower.
have you tried http://www.cgtcalculator.com/ ? am sure there are others. surprised that more traders don't see AMFW as worthwhile - it's certainly volatile
Dduck, I agree with you that many posters appear to either know nothing of the 30 day B&B rule or simply choose to ignore it anyway. I use my own spreadsheets to keep track of my profits and losses and CGT. I don't refuse to do B&B trades, but the calculations can be complicated, especially if you sell 1000 shares then buy back say 1127 shares. You have to split the trade, including charges and tax, into a 1000 share B&B trade and a 127 share (Section 104) trade. Consequently, if I do a B&B trade in my main account the number of shares sold and purchased will match. In my ISA account, I can do as I please and need declare nothing to HMRC.
is 328, so looking like that will be hit imminently. no idea if that will act as support - could be gone by the time I have finished writing this?! certainly looks like they want to take it down 10%, if only for a few minutes?
just out of interest, put off by what exactly? the complexity of matching trades? I use a great free website that matches all your trades and works everything out. you just need to enter your trade data on a spreadsheet.
Hi Kenj, you do get the impression from reading these boards that lots of people haven't got a clue about the 30 day rule, don't declare any gains, and just see what they can get away with . this share is crazy with its movements
Hi Dduck, I have previously been put off trading by the 30 day Bed & Breakfast rule. I am holding AMFW shares in my main account, but will day trade in my ISA, which is exempt from any CGT.
results are due out on Thursday 10th march, so should provide direction for those with a medium to longer term perspective.
like you, Kenj, gone in solely for a trade this time. was invested before and got stung, so having observed the 30 day rule, bought in today around 345. this moves up and down so much that it'll hopefully provide a quick bit of profit.
I agree with you MikeMoney, these shares do look like a great long term buy. However, the market seems to want to play with them, so they are looking an even better short term buy. I have just bought some more at 349p in my ISA account. I will sell these the next time the sp enters the 390 - 400p range, and then hopefully repeat the exercise. It is not my wish to day trade, but I am sick and tired of watching as they go up and down like a *****'s drawers.
It's a falling knife. Senior people are leaving the ship for the competition, indeed looks like the Titanic...
I'd hate to think where the SP would have been without that big contract win today,at least they're active beyond the miserable world of oil etc! GLA
...for someone who wants to buy them at these prices
It seems to me that the recent drop in the share price represents a great buying opportunity. Many brokers still have targets of around £6 a share, and the company has had a very reassuring start to 2016 with over 5 contract wins, especially outside of oil and gas, of which Amec Foster Wheeler has many interests beyond. With a recent change in CEO, the company should prove a very decent long term investment
The usual vertical plunge. 2015 in line and 2016 in line currently, and all gains given up.
And now down 20p. Traders must be loving this level of volatility in stocks.... Investors less so
Of vertical falls is repeated time and time again. The markets are so rigged
Again. So utterly predictable . Nice work for those short
Down almost 3.5% on below average volume. None of its peers are down anywhere near as much. This share should be on AIM!
Mms get away with with this stock ..... A complete joke
More buys than sells and we enter yet another vertical drop. So predictable and so manipulated, like most other stocks in London