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Hi ntnyshares
How do you know there will be bad news for moneybarn and higher costs for the group?
Is this genuine, is there any supporting evidence to this?
Thanks
Thanks ntnyshares I m glad you told me this just thought it was Woodford related, Cheers mate!!
Moneybarn news that won't be good and higher costs than anticipated
Whats happening on 7/11 please is it Brexit or Woodford related? Apologies if its a silly question!! Desperately trying to free up funds elsewhere, Good luck guys!!
Quite. He still has a lot of shares to shift but it’s positive that Woodford is down to 15%. We could do with some other ii’s picking up tranches of his holding
It’s probably a bit soon to breakout the champagne as a lot of shares were up today on some sort of Brexit euphoria that could easily shatter a bit like the on off trade deal between China and USA
If Woodford is forced to liquidate all his holding that’s going to give the market indigestion
I also remember the SP hitting 420 + then sliding so I’m reiterating my stance to hold on for 7/11 with fingers crossed
Well somebody’s confident ... unless he’s a lottery winner I seem to remember not so long ago the CEO buying circa half a million pounds worth of shares at 4.50
so do we think that's the reason the SP has risen sharply today now word has got out that he's had to reduce his holding? I hadn't particularly planned to, but I'm glad I bought a fistful at 385p a couple of weeks ago. It seemed like a good opportunity at the time.
good news! Barrie looks like our late buy the other daay was a good :)
Looks like he’s down to 15% now
Me too let’s hope 7/11 doesn’t become 9/11 ??
I’d be very surprised at anything other than what we’ve been told on every Trading Update for the last two years. Noise out of HQ is that the home credit side has been haemorrhaging customers to the point where field roles are being pared to the bone, Moneybarn still has its FCA issues and the cash cow Vanquis’s growth has plateaued. I agree in part with Echo1 re sentiment, but the Board have simply failed to turn this around and should go.
This is certainly a long term hold for me. I’m fairly convinced the price is being depressed not because of the company performance but of other factors. I’m sure the Q3 update will be solid. But market sentiment has to change towards this sector before we’ll see any decent price shift.
GLA
What’s the general consensus or opinion with data/info/ trading update on 7/11
I'm assuming it will just hold firm pending the update on 7/11. I don't really want any more shocks as I have too much tied up in this now! It'll be interesting to see who sold and who bought when the RNS' come out.
think the SP has held up well this week considering. Hopefully this is good news also
Yeah a sale of 1,888,912 shares and a further buy of 1.1 m so looks like shares being moved between institutions with small net change in position
But hasn't that been the case several times recently, Barrie; significant buys outweighing sells, but no real movement in the SP.....unless you call the polar opposite downward trend real movement. Frustrating.
Just seen significant buy of 1.4m shares so my trades screen all blue at the minute but no real impact on SP
Just seen ordinary trade go through which is a chink of change
Will be interesting to see disclosed holdings
(sigh)**
It has been a rollercoaster ride and I cannot see that changing anytime soon! (sign)
Think the SP fall was reaction to market shock in US as I also hold STJ in financial sector which is a much stronger company in terms of market cap and it fell sharply to below £9 for first time in ages and is recovering slowly but I know what you mean as it doesn’t take much negativity to knock a company in this sector that’s had shall we say a chequered past!
excatly the same as me Barrie :)
20-Sep-19 Canaccord Genuity Sell 430.00 378.00 Reiteration
They got their wish....