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If they've been dumping it, surely the share price would have been going down as they sold it off. Or tanked this morning. But it has been rising steadily and it's holding now above 250. Reckon there's a good chance they've been in talks to sell 5% to someone as a block, so others have been buying in stock. Could it be the first steps into play? Not sure. Either way, there should be an announcement very soon. 5% is a big wodge to go missing.
dumped half their holding
profit taking time
...and a great month too.
Un-glamourous company seems to be delivering the goods
Clearly, things were well received yesterday.
An eye-watering spread - someone has been caught short of stock.
...on the 11th of September should clarify the position. Expecting no change to full year advice, but that should underline that this is cheap at these prices.
Well, so much for that theory.
Very nice of Biffa towards China.
https://www.theguardian.com/environment/2019/jun/25/uk-waste-firm-exported-offensive-materials-including-used-nappies
https://www.businesstelegraph.co.uk/uk-waste-firm-exported-offensive-materials-including-used-nappies/
https://www.youtube.com/watch?v=FqH8-rpGxhY
https://www.bbc.co.uk/news/business-48756180
https://circom.co.uk/biffa-convicted-of-sending-contaminated-waste-to-china/
if the theory is holding we should see a dip now and then another rise.
What about that big volume on Friday?
brief... then up to 2.60ish. There's always a lull before Bank Holidays and then we're back for the results. Again, just my thinking.
I hope your wrong, as I bought a load more on Friday and would like just a quick profit on them!
there'll be one last brief push down to 2.20 this week. There's no stock around and they'll try and knock out the stops to get some. The stops will have reset to 2.20 by now. Could be wrong!
By a Goldman affiliated company is nearer
Got a bullet up it’s arse this morning
275 target
Good call. Wish I had managed to buy a few more!
the theory seems to be working. GS have now flipped for the rise...
Well, I was also encouraged by L&G's announcement today about the importance of investing in planet-friendly companies... so their recent 6% invest in Biffa shows that this must tick the right boxes for the Eco-focused investment funds. I think people will soon wake up to the fact that this isn't quite as boring as it seems. It pays a dividend and that's even better from my POV.
Hi Riffgo, thanks for the analyses. It sounds plausible. In this scenario buying in today, there is a 20% swing, so a nice profit. Aside from Goldman, I expect the results may add a new level of resistance to the price as they announce progress on some of their long term projects such as the recycling facility. Long term I see growth for this company.
Just about every bin lorry I see these days has Biffa on it. That might say more about the share price than the games below.
Goldman are flipping their holding in and out (not selling) and my thought is that it's to push up or down the price as they require. So, recently they flipped out of a direct holding, pushing down the price after that rise to 2.30 at a time when we'd had news. Now we're heading for the results and more news and dividend, so they are positioned out and can buy it in and help the rise with a bit of squeeze. If I'm right, I expect them to help it to go up into May and the results. That way it should touch 2.60, before they drive it back to 2.30 in August, but the level is then settling at 2.30 - 2.60. Like I say, it's only a theory... but there's not much of this stock around, so it may overshoot.
They have lent another 3.2%
Might be a short going to occur??
Hey Riffgo, what are Goldman up to now. I dont understand those announcements, have they bought or sold? Whats your sentiment now, looks like we have stabilised around 220.
Biffa are lined up for lower debt-costs while they expand. It also secures their dividend policy. They will be the big player in the recycling market. Big fish, low price... for now. They've been down to the resistance level, now (if I'm right) they should rise... to that 2.60 ish mark. I'd then expect 3.20 when that recycling plant opens in 2020. I reckon, this is a perfect ISA share.
Keep posting the theories. I am considering buying more, i would be very happy if they drop a bit to assist that.
if Goldman's constant switching of holdings is a good time to buy for small investors. If that's the case, they are now going to short it back down in the short term to about 2.15ish before they switch back and take the rise. They make money both ways. If so there may be a good moment to buy in again soon. If not, then bang goes another theory.