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hat holding again!
I took my money out at 282 and have the shares as profits ..... so you could say the wind blew my hat off!
Temple, hat holding day today it seems!
ok. thanks
... but when CSN does move on the upside ... it will be quick and fast ... so hold onto your hat ;)
MMs are not charged for putting through sales on LII ... while an automated algo can happily pick random numbers of shares to trade .... what one needs to do in my view is look at the total of trades spewed out on buy versus sell side to gain a picture of long versus short ....
... difficult with CSN because the order book is light hence the volatile swings in price.
The real damage to the share recently was done by Millennium International Management LP last September ... it appears and shorts CSN every now and again ... probably still has a few short below threshold.
but 4 shares. Why?
HFT algo ....
What are all these A trades at 14.22.15 ? It it a conspiracy to keep a lid on the SP ?
2nd acquisition means this is back on 'beefing up' - I have held this share for over 15 years and its slow increase in share price and dividend has been fantastic.
Therefore, and only my opinion, I view the general decline over the last 18 months as an opportunity to bag a high yielding share.
As IC pointed out, if the price drops too low it will likely be bought itself by another player.
Back when I first bought it people were saying it was going to run out of business / cash - it was around £1.10 and paying about a 10p dividend (near 10% yield) - for the patient, it's always come up with the onions (or tulips perhaps in this case!)
Been trading between mid 260s and late 277s of late but maybe time to hold?
Acquisition is good news imv as it is earnings acretive from year1. Hopefully sp will climb back above £3.
any views on this acquisition?
CSN got to keep doing deals to maintain dividend/income
New 5 year low.. I think they can rename it to Chusnarb (anagram for Burn Cash) the way things are going.
sold some rsa to buy some more here , thinking the divi is fanatastic and a rebound just starting.
Apparently Chesnara is an anagram of Earned Cash - made me smile.
Grabbed a few.
Well CSN is up 4% so far which is encouraging as far as I’m concerned, if it finishes there is another matter but promising so far I’m sure you’ll agree.
Cash generation was way lower than last year, they blame it on "symmetrical adjustments". Not sure the market is buying it.
Not sure why sp not moving up ,company has proven it is ok in low interest rate environment.
Getting murdered lately at 5 year lows. Will have to wait for Thursday to see if things are really as catastrophic as the SP indicates.
gabster, I do not use a model . I have a target yield of around 5% as a benchmark, that is typically provided by the UK utilities like national grid which typically have a rpi divi growth promise. Thus any company that I see as equal or less risk than the likes of ng, should have a lower yield and higher sp. Greater risk requires a greater divi. So in this case CSN will produce a higher divi, have higher growth and imv carry less risk .Therefore by these measures the csn sp should be a lot higher. I also look at historic prices , debt etc and make my decisions. I am a buyer here below 330 and will sell close to £4 atm.
Taverham, how are you valuing the shares? The only way I found how to do it is using a dividend discount model (20.7/(9-3) = 345p) where 20.7 is the current dividend 9% id the required rate of return and 3% is the dividend growth rate. So at these prices it's about 15% undervalued IMO. I just added some shares today.
This is now a raging buy imv.
Another funny old day today .
Down quite heavily early on but up at the close on a poor day for the rest of the market.