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I think its just tech stock pricing dropping following correction sell off in US last week.
Concerns over inflation impacting earnings on high p/e stocks.
Personally think its overdone and have added more.
Rich
Absolutely no idea but it allowed me top-up at 4.26
But the shares are down more than ÂŁ 1 from January for no apparent reason.
Nope - seen nothing, heard nothing. Seems odd after showing signs of recovery last week, but hopefully short-lived negativity.
Anyone know why the SP is dropping?
New holder here - 1500 at 439p. Seemed a fair set of results with a decent outlook to me.
Glad you are not my Financial Adviser, Mr.Smarty
Thanks Contrarian, I agree, crazy not to hedge. Puts a real damper on the results and future results until it's hedged. Not surprised to see the sell off. :(
Hey Cliff I make it 62.1 M according to the below. In my simple mind they should have hedged knowing the volatility of EURUSD and EURGBP pairs. Why they don't seem to have is beyond my comprehension!
he Group further reduced its term loan by the repayment of $200m from the USD tranche in June and September 2020 (see Note 27 Term Loan). As of 31 December 2020, the total Gross debt13 of the Group was $901.0m and the total Net debt13 was $725.6m. The decrease in gross debt since 31 December 2019 is attributable to $(200.0)m voluntary repayment of borrowings, $(61.9)m of mandatory repayment of borrowings, and $(0.3)m decrease in lease liabilities, offset by negative unrealised FX loss of $62.1m on the EUR tranche of the loan.
Any idea of the size of the " significant unrealised FX loss arising from Euro denominated loan" ?
SP is spooked this morning. Hopefully support around 440
Flat start. Think everyone waiting for budget announcement. Fingers crossed no on line tax
Yes, true. Fully agree with that statement.
I guess it will just come down to market open and how bullish equities are today.
Solid results, as I expected no real surprises, they are giving FY 21, increasing dividend, reducing debt, increasing revenues etc..... all positive in my eyes but whatever happens today, there is no reason why this wonât be trading in 500s and beyond in near term
The question is how does the market react.
Operating margin is expected to be unchanged in fy 2021 even to wage inflation and transition to cloud based servers.
I really like the cloud based transition part. Fixed based storage and processing isnt the future.
Another 6 - 8% organic growth is significant considering how impressive 2020 was
Think we will be over 500 tomorrow. Good day ahead :-)
I feel numbers will be inline with guidance, therefore any positive price action will be driven by FY 2021 guidance/forecasted growth.
Whichever way you try to pick to spin, this is a very good entry.
Anything positive IMO would give this a clear run to 510-550 range and still would be cheap for a growing tech/cyber company.
Of course there is always downside risk, however, company is stable and in a good sector.
GLA for tomorrow
Any thoughts on what you guys think will happen tomorrow?
I bought quiet a lot yesterday, seeing the price wonât drop further.
Canât really read anything from EMA graphs and no technical price indications on the graph. So everything hangs on tomorrowâs results.
Only really positive thing I can think of is the new potential in Latin America from direct billings.
And also the fact that hopefully they grew paying customer base.
Expecting some solid results reported Wednesday. Hopefully get the SP back up where it belongs
Glad the brokers are on the same page as us private investors
Yes nice RNS with potential to add 400m customers!
I also like the 2nd RNS - appointment of joint brokers. Now why would AVAST need 2 brokers? Hmm LOL
Rich
The partnership means that Avast's subscription-based solutions will be available via direct carrier billing for over 400 million customers of PMovil worldwide.
Thatâs a lot of potential new customers!!!
Honestly you can see a quick shift from tech sector, like all US tech stocks including Apple, Microsoft. I think this is a big opportunity.
Avast isnât a COVID stock like zoom is. The virus market is expanding, and therefore this company should do well after all lockdowns are lifted. Also they are reducing their liabilities.
The upcoming dividend is also a very positive note.
PE ratio is below 20 very cheap compared to US stocks in tech sector.
Markets moving money into bombed out stocks eg travel, based on economy reopening..
Quick trade for some, taking money out of solid stocks that have performed well eg BOO, CLG, AVST, BME etc for quick trade into recovery stocks.
Personally I know what I would rather own longterm..
Opportunity to buy more sub 450p tomorrow??
Rich
I added yesterday. Markets currently moving money from solid stocks like BME, BOO, AVST, CLG back into bombed out travel companies etc., for quick bounce trade, in and out.
I know what I would rather own long term..
Worth taking advantage to buy more at low prices. Will take next bite sub 450p.
Rich
The usual sector issues. Some drag expected on earnings from last few months, but work at home is expected to become part of 'return to normality.' Looks over sold to me so adding again