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Just seen on ADVFN that betaville are suggesting a private equity fund is interested in taking out equiniti at 3-15 to 3-25 ! Make of that what you will
Nice value support for A Bell listing.
I absolutely refuse to believe that Panmure Gordon deliberately and in coordination with the shorters write a hit piece on Equiniti after all that would be unethical and probably illegal . It was probably just a coincidence that just happened to coincide making the shorters loads of money . In any case PGs estimated share price is looking rather stupid now .
The shorts went from zero to about 5% between April and july supported by a negative analyst report from panmure Gordon.. hammering the share price . Then the shorts covered their positions reducing their shorts back down to 3% making huge profits. Looks like the share price is just being manipulated.
Company on charm offensive in the City, apparently. Seems that brokers/analysts believe whatever the company's saying.....
good rise again today.
pointy
Anyone any ideas what’s been happening here the last few days?
My arschloch, Bob Diamond a very corrupt individual
Best numbers of the week!!!
Profit guidance up by the next quarter one would think ????
This is a buy back to the highs !!!! GLA.
Have it on good authority that there's at least one problem with Panmure analysis. Apparently, easy to check the director share dealings and work out which has been incorrectly analysed/interpreted by Panmure.
Whilst I don't know about all the other concerns Panmure have raised, the fact that one of their claims can, supposedly, easily be rubbished doesn't really give lots of confidence to the rest of it.
We're in a closed period, so not much management at EQN can do right now to refute the claims, I suppose.
Anyhow, wtfdik???
Well from a chart perspective then there is solid support at 200p and in all of my years i have never seen a broker target achieved (either up or down)
Also most of EQN trades are automated 'A' trades that are Bot generated.
With the results due on the 27th, then i guess price wise will depend on how analysts take to them and the general slowing of the service sector.
If things are generally good then a 5% rise on the day could imho be seen
If we see sub/circa 200p before the results then i may well take a punt
As an aside I’d also just like to say that years ago I held a share which was covered by Panmure Gordon which over years gave glowing reports and an ever increasing sp forecast . The company went bust due to massive borrowings which the directors gouged leaving investors with nothing.
ABSLOVECHILD: thanks for your research . That analyst report does sound pretty negative and whether the weaknesses identified outweigh the expansion ongoing through buyouts (Wells Fargo ) I cant really tell but if it results in the sp falling then as a “trend is your friend” investor I will reduce accordingly.
Panmure Gordon have initiated coverage with the following sell note ! ....
● Panmure Gordon started coverage of Equiniti, the share registration services provider, with “sell” advice and a 163p target. It cited 15 “red flags” including disappointing organic growth, a sharp increase in net accrued income, “endlessly recurring” exceptional charges and a deteriorating cash margin. The broker also argued that Equiniti’s use of factoring — selling invoices to a third party at a discount — “is flattering cash flow and associated reported metrics” and said the company’s capitalisation of software costs “leads to multiple concerns”.
Equiniti’s revenue visibility “rightly commands a premium in a sector bedevilled by significant, frequent and often ruinous profit warnings”, said Panmure. However, the maturity of Equiniti’s core market means growth appears to come mainly from cross-selling to existing financial institutions, predominantly Santander and Lloyds. “While the technology investment has, we believe, provided an historical competitive advantage, we cannot conceive of an industry more at risk from the development of blockchain technologies. To compete, we believe Equinity will have to materially accelerate investment,” it said.
All the news is good yet the sp is being hammered. I’ve noticed a 4.5% increase in short positions since June . Do the shorts have inside information ? If they had I’m sure it would have surfaced by now. I’m disappointed the bod hasn’t issued a statement like “we see no reason for the erratic movement in the sp” . I’ll be buying more at these discounted prices .
Courtier : I’d be happy with your forecast
Target price for EQN is 345p. however their today's target for Lloyds is laughably cautious at 55p but this being a new coverage may have been better researched, especially as both EQN and Lloy could be similarly affected by Brexit. As I have frequently said my broker is called courtier and is expecting 330p by June 2018. You read it here so it must, probably will, possibly might, be right.
It is good to see the price over�3 again, after weeks in the high �2.
Can be found here... http://www.lse.co.uk/share-regulatory-news.asp?shareprice=EQN&ArticleCode=uzyiz0ex&ArticleHeadline=Trading_Update
Trading Update is due Tuesday 21/11/2017, fingers crossed for good news!
What a load of rubbish I speak. The number of shares in EQN has actually fallen so the price has risen.
I open my ISA account daily and look particularly at EQN. So far the 3000 EQNN Rights Issue shares I was given/purchased have cost me 5700 pounds. I was given 1372 and purchased more for 5700 pounds. The money has gone from my account but no new shares have yet arrived. It looks like they will finally arrive early next week. The new shares will not qualify for the next dividend as EQN went ex div on Sep 14th, to be paid at 1.75p on 26th October. Meanwhile the share price continues to rise to 309p meaning at least I should see a good profit when all is done. I find it fascinating that increasing the number of shares on the market can increase the value of those shares. I will attempt to post a percentage profit here when/if I gain one, probably mid week..
Should I expect a dividend of 1.75p on all my shares including the redeemed Right Issue shares? It's all a bit beyond me...
Was I right to expect my rights to be redeemed today, 11th October?
I'm assuming from my last post the shares are already listed and the initial drop last Friday was the temp drop......
The New Shares, when issued and fully paid, will rank parri passu in all respects with the Existing Shares, including the right to receive dividends or distributions made, paid or declared after the date of the issue of the New Shares. Applications will be made to the FCA and to the London Stock Exchange for the New Shares to be admitted to the Official List and to trading on the London Stock Exchange. It is expected that Admission will occur and that dealings in the New Shares (nil paid) on the London Stock Exchange will commence at 8.00 a.m. on 29 September 2017.