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This News does seem to be on the favourable side which can only be good for the share price. I think I'm right in saying they plan to return the proceeds from sales to shareholders, through buybacks dividends etc. Im sure this will be welcomed by a lot of shareholders who have really taken a bath on this one and should also create some new buying interest.
Friends Provident, which is selling off divisions as part of a restructuring programme, is believed to have entered into exclusive talks with a UK-owned trade buyer for Pantheon, the wealth manager it bought for more than £17m in July last year. The deal is thought to be worth about £30m and could be announced as early as Friday if discussions progress as quickly as expected.
Yeah, interesting, difficult to predict the effect on the share price though. Hopefully it should have a boost given that lots of positions will be opened on Tuesday, hopefully not short ones though! Would like to see them heading up to the 118 or 119 area, what do people think the chances of this happening are?
... this is well worth a read http://uk.reuters.com/article/businessNews/idUKL2386116120080523?feedType=RSS&feedName=businessNews
... me thinks so too. I took a few on board at 113.5 and sold at their high this morning only as i do not like holding over a long weekend , especially when the dow looks nervous still. Anyways , always an oportunity to buy in with FP at these levels and not regret it and as you say , a good foundation to start next week , lets hope the DOW and the bank holiday newspaper rounds do not do too much damage , gl
Fp's done well today considering the downward trend of FTSE100 index. Hopefully the start of a recovery into next week.
always nice to get something back , well worth looking into cfd's , I got the RBS divi the morning it went ex-divi from IG markets , every one to their own and all that , worth a look though , gl , enjoy the bank hols.
Yeah figured that it was 5.3p after checking what the RBS info was like as I got my divi from that today (nearly 2000 quid so a nice little bonus to make up for some of the stress of the last few months!)
5.3p is the divi , always the last entry at the bottom. I think all stocks go ex-divi on a wednesday and in order to qualify for a divi , you must hold the stock on the tuesday and overnight into the wednesday trading session , so in the case of FP , anytime pre close tuesday 15th April holding into the trading session of the 16th.
As you have no doubt realised I'm a bit of a noob at dealing.... Just want to check my understanding of the divi info. The divi per share is 7.9p. In order to be entitled I need to have ownership of the share in whatever T+ format on the 16th April 2008 when they went ex dividend... Please help confirm this understanding or correct me.
to you Mark Expat!
Anyone know when the divi is paid and how much it is this time round?
.. miners are rosey , a quick profit take over the last few days happened but bouncing back nicely... a play off against financials and minerals is the latter part of the May trading period , financials lost. If you are just re-entering , imo , financials will outway minerals in June, you had a good trip?
hi think last time we talked was in the nrk board.just wondered....do you know by any chance why merril lynch world mining shares have stayed the same for over 3 days now? am i missing something
... you should realy look into CFD trading. IG markets are , for me , the tops. But , always have 2 accounts , TD Waterhouse is just a another , but the pair are good. They are the best at what they do , forget others , but take up offers ... there are many that will lob you a £100 or so , but never pay for a dealing platform , the likes of IG will throw it in for free , subject to your addiction...
Got in at 115.7. Am in for the short term and have a tight stop loss at 109. Was thinking of moving on to CFD's myself seems like a very efficient way to speculate on share prices. Sainsbury's would be laughing now if they'd done a deal at 600! I can understand how tree shaking works with smaller stocks with market makers deciding the price. But with FTSE350 stocks i thought it was SETS that decided the price hence less interference and unfair prices? Maybe tree shaking can occur on this stock- who knows what goes on behind the Stock Exchange's closed doors. Thing that puzzles me is that their have been more buys than sells today (Digital Look volume charts.) Surely the fundamental supply/demand law has been violated, which suggests tree shaking.
FP will dispose of various aspects of its organisation within the next few months and will then have itself to profer. How far can FP drop , why not say to 100 , it should never happen , but you know the old saying , stay away in may , try CFD's as opposed to holding.
.. I need an answer to the tree shaking theory too. I like FP , as a cfd day trader this one is what I would say , a potential shooter. If you are in , great , but at what entry price. I average iro 10 trades a week with FP. There is alot of bother over some aspects of insurance that was profitable that might not be any longer should proposed government shakeup's be forthcomming. Insurance heads have met up , had lunch , have gone to no11 , had lunch again , etc... this , to me, has upset institutional investors that have not been invited. Bottom line , I like undervalued insurance companies that make monies. OLM , RSA , LGEN , all good stuff. The problem with FP is that they are easily criticised over the fiasco with resolution and pearl. The other problem is the killerweed FP placed upon flower power. Both are negatives to some and with financials being dragged down in the trapping , FP's SP dwindles. It's a bit like Sainsbury's, they could have done a deal at 600 but dithered and markets swung against them whilst they did so. For Sainsbury die hards, when they see 700 , no doubt it would be worth the pain they have now have to voluntarily endured. With FP , however , they are smart. They do not have family issues , like sainsburys , FP know what they have and what it is worth. Ok , they have invested monies in companies that drop in value as the companies they have invested in drop , but , FP has a few jewels too that increase in value.
Bought back in after making a small profit a few weeks ago. Currently down about 1.5%. Anyone got an idea where the bottom will be? With the chances of a bid quite high I don't see how it can be much furthur away. I understand that "tree shaking" is when the price is deliberately dropped to get people to sell. Can anyone confirm this is the correct definition? Cheers
FP are basically undergoing a reshape. They have alot of interest in their prized assets , have recently offloaded their own pensions fund and , imo , are shareholder focused , unlike many companies on todays market. Some brokers are somewhat concerned that FP has not done enough as quickly as they could have done. My personal view is what they have done thus far is well thought through and I have absolute confidence that there is will be a 50% return at todays SP within the next 6 months. If FP's slips further it will be marginal and a likely continuing offload by those that FP put the weedkiller upon , gl.
Any advice - are these worth holding on to? Doesn't seem to be any positive movement, I don't mind being patient but how likely is it that they will have much of a rise in the near future?
Thats a very good point actually. Also, Deutsche bank have increased their stake and I think Lloyds TSB own a stake of around 7% now. Thanks for your advice,
They were hardly going to turn down Flowers bid if they had some awful in the pipeline, so can't see it being bad. Bought a few too over last couple of weeks, am thinking too few I was hoping to get more this week, but this will all happen before I have some maney.