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Has anyone wondered why the share buybacks have stopped last Friday?
Funnily enough the same day that it was reported in the Times that there were whispers in the City about possible TO by Mastercard through separate business, and another PE also taking a look. They concluded with City were talking about a 500 valuation despite it being 650 not long ago.
Would a company suspend buying back shares if it was in talks?
This is starting to look strong now 3 million uncrossing trade and passed the 300 with ease, been here before but hope this continues a bit then I can bale out lol
They started this afternoon, they really are the s--m of the earth.
Poxy share manipulation or what
Could be shorts reducing with any luck, it was unexpected and seemed to surge at one point.
Unfortunately, mine has quite a way to go as I never averaged down,but still can't grumble, waiting with bated breath as you dont usually finish 12% up for no reason unless it is this share
Yeah has to be, half my holding got sold out at break even!
Must be something brewing with a 15% rise this afternoon,
Even with a buyback, it's a laughing stock for them, so easy to drive price down on small algo sells, stock like this after that update and the share buyback to be 6% down today on no volume, its just appalling.
Back to the games to bring it down to 200p
I was tempted to buy here,but it's looking like the US/UK markets have changed direction. Holding off now.
This is just a B------t share, 4% down on f all.
Hopeless for a shareholders, private and institutional.
It's meant to be a good thing and companies do it when they're undervalued which is one of the reasons.
But I've been watching the trades today and it's so easy for hedge funds to drive the price down by several small sells.
Also the fact that capital reduced their holding by 4% doesn't help.
Time will tell.
I'm with Lloyds and after £1.5 billon of the buyback the price has still not passed the high the date buybacks started.
Buybacks seem to take time to work and with less shares the dividend money should increase but not in the case of Network as we don't get one.A bit disappointed the share price has not increased more since interims as the market has been on the rise
Unless they are smart how they purchase the shares, I cant see how it will increase the SP .
Today at 14.46 the price was 2.46, by 15.06 approximately 20 small 3 figure sells by shorts had dragged it back to 2.41.
These shorts will sell small but very often to always prevent the sp from rising.
Imo if they are going to buy say 300000 shares per day, it woukd be much better to do 100 x 3000 buys or even 1000 x 300 buys to prevent this happening every single day.
It's infuriating
Their results have been impressive for some time now bar the obvious covid year, just look at full year in March, but every time the price is driven down by shorters with their small sells, and sp has underperformed considerably over the last year.
Problem has been imo very limited PIs buying, but maybe this time will be different because of the share buyback. They had to do something because the price clearly didn't reflect or behave in a manner of a company maintaining father growth forecasts.
And lastly, in March when the results seemed as good as these interim, there was not any mention of inflation, interest rates etc, and sp spiked for a few weeks to 2 90 then has plummeted ever since.
I hope this time is different, because I am overweight here and still under water!! But much more confident now
Based on interim results, I do believe that this is a mega share to be invested in and have just done so. GLA
I would love them to do this buyback by means of hundreds of small purchases to counteract the constant daily small sells that shorters do everyday to drive the price down.
The markets seemed to have liked them !!
Not the best at reading results but looks very good to me and loving the 100 million share buyback along with this
Network is a high growth business, having announced another strong trading period with 31% y/y H1 2022 revenue growth. This is supported by the acceleration of digital payments growth across our markets and successful strategic execution.
Network is highly cash generative, having generated USD 81 million in underlying free cashflow1 in the twelve months to the 30th June 2022
My only share not to bounce today, totally rubbish investor relations, absolutely now real volume most days, most of the ATs are in the hundreds, but because there are so many the price falls.
It's the most illogical manipulated stock around.
Been very quite on here no real movement on the share price and interims due tomorrow. Lets hope they are better then the market expects ,Slight drop in the shorts as well.Not been a good investment for many up to now
Small uptick in shorts again. I wonder where they want this to settle?
I guess the only real positive that is evidenced is that 1) shorts gave significantly reduced in recent months, was over 4% recently 2) IIs have increased their holdings recently, Norge twice, and 3) a company like sainsburys which is a defensive stock during inflation, is profitable, increasing revenue and pays a decent dividend has 4% plus shorts which I can't understand really.
What we don't know is if these shorts are also long and with other companies like Blackrock, they hedge short against being long.
My fear is NETW's about to see competitive price pressure in their home market - I don't have any evidence of it, but short sellers will have done their research so I'm worried; they're so sticky with this stock, it must be something fueling them. Known unknown or unknown unknown? Or maybe everything's just dandy and we're simply witnessing a bear market...