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Back to 59.4 live price, so no I haven't bought yet. Let's keep watching though. Dow also showing signs of recovering but again early days..........
this is holding strong i can see 70p in a few days :-)
yeh and me its opened well so far :-)
Dow done 1% already
Live price 58 and falling. Good luck everyone.
Used to work for FP - sold all my shares from options to 'play the markets.' Have looked @ today but FP shares have struggled for some time. Maybe the Tesco tie up is just what they need. Just watching from the sidelines as think more value long term elsewhere in the market @ the moment. GL to all that are in ....just my opinion as always DYOR
i should of sold at 60p n bort bak later hmmmmmmmmmmmm confusion!! lol
Falling again quite quickly and the New York bell hasn't rung yet. Hold tight, it could be a rough ride...................
1.10 +
Defo worth buying for long-term investment without a doubt. BUY NOW!!
what price you in at on FP? I got in yesterday at 62.5p holding 2.5k.
LONDON (ShareCast) - Friends Provident has agreed a deal with Tesco’s personal finance arm that it hopes will repair some of the damage following a 40% slump in first quarter sales. The insurer said conditions remain tough, but that the deal with Britain’s largest supermarket will “significantly” extend the reach of its protection products. Charles Stanley analyst Nic Clarke called it a “shot in the arm for morale”, but admitted “it is hard not to appreciate the size of the challenge the group still faces.” Qatari what you make of the analysts statement??
whats the reaction of fp on dow opening usually, ive never traded in FP before, barclays usually reacts to the dow and will head further south today.
Dont u rekon the price will fall when dow opens?? dow futures looks terrible. I might sell now and buy back around 3???
You may well be right (live price just hit 58.9 so back to opening price) but I still think there is a good chance of a fall again this afternoon and if I did buy now at 59p and it goes back down to 55p (my gut feeling). That would be another big loss on this share to recover from....
And as long as the results for the other 2 insurers on thur n fri are good.
The whole market is generally down due to swine, if the results were really that bad i would of expected FP to fall to around 50p, so i guess in the next few days FP will hit 65p once the swine news has been full absorbed! Come on!
Well that's two of us who think there will be another substantial low point this afternoon (55p for me) and a close of 58.5p (for me). There has been a really large volume traded today already compared to recent averages, which usually indicates a strong price movement. Just hope 55p is the real rock bottom for now.
i rekon it might go down to 56p max when dow opens but shouldnt fall below that. Should close aroung 58p
I bought this share last Tuesday (15,000 @ 63.5p) thinking it had slid enough below what looked at the time a safeish support level of 65p, hoping for a return to 70p. I saw it fall each day to lows of 61.7, then 59.9 and 59.2 and it seemed to perform poorly each day versus the rest of the sector. Sensing possible further drops this week with the announcements due (remember the last Aviva drop on worries about its dividend!) I got out late on Friday afternoon at 64p and made a stunning £8 profit (could have done slightly better as it turned out on Monday morning I know). But I'm so glad I did get out then. I will come back in at 55/56p though. Will I get that chance again today I wonder?? I held off buying this morning for fear it could test 50p !!!
i personally think its the swine thats brought this price down more than the news. Even pru is down. Damn swine!!
The insurance sector as a whole is down today (indeed most of the market!) so it's hard to determine how much of today's drops are due to ecomomic concerns (swine flu & US bank stress tests etc etc) and how much the Friends Provident price is falling on top of that because of their statement today. Aviva spoke yesterday and it was fairly positive, FP's statement today to me is fairly negative, so the sector decider may well be on Thursday when Standard Life throw in their statement. Pru and L&G aren't making their statements until early / mid May. Whatever happens it truly has been a pig of a day....(pun intended)...!!
The deal is signed and will begin at the end of the year.
Yes thats very true sales is totally different. There is no really bad new for fp, therecurrent strategies look to a positive future.
I thin 58.5'ish is where it will close today but there will likely be another test of todays lows (54.8p) after the US opens and falls before then.