Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Yes damn the Dow Jones I bought at 405 recently never thinking I’d get the chance at 375 again but I’m in enough now and it’s batten down the hatches waiting for 7 Nov
hi guys. Hope youre all well. Bought back yestarday...should have waited. What a day for everyone!
Actually announcement that they cut holding to 4.99% on RNS today
Meanwhile in other news I bought some but not that much
I think the financial sector is struggling today due to Trump impeachment threat and Brexit uncertainty following SC verdict as my STJ also down 2% and have been falling steadily over past few sessions
I cant honestly make sense of any of my stocks atm.
The market is completely unpredictable and shares prices rise and fall on a whim.
I'd say PFG are being played for some reason. And Woodford has got a lot to answer for. I'm just pleased I never went near any of his funds.
GLA
Am I reading this right? BR are increasing their stake but SP falling??
Plus an ordinary trade buying 1.4m shares at 424
The £16 million UT BUY suggests not everyone takes notice of Canaccord.
Any opportunity to rubbish PFG after NSF,who they supported, lost the takeover.
In June they rated a sell and we went down over 100p based on a forecast in 3 years time,
All other brokers around 550p HOLD.
Did same to Burford Capital. All brokers around 2400p BUY, Canaccord 570p SELL
Anyone know what broker forecasts were?
Can’t make sense of SP target below current level unless earnings fall?
Look forward to receiving your comments (or disdain at Canaccord!) on this, Theborn!
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Down at the other end of the index, Provident Financial led the fallers as analysts from Canaccord cut the stock's target price from 430p to 378p and slashed their EPS and DPS forecasts by 5%, 11% and 17% in FY19-21, respectively.
Provident Financial led the fallers as analysts from Canaccord cut the stock's target price from 430p to 378p and slashed their EPS and DPS forecasts by 5%, 11% and 17% in FY19-21, respectively.
From Share News
Not sure wtf has happened today. 10% dip from nowhere still with strong buying and competition either up or flat. Hopefully holds low until dividend then goes on a run up to trading update. Crazy needless fall. Slightly annoying after some good consistent gains. You just can’t trust it.
Thanks Theborn
Interesting and no I hadn’t seen that before
CSR is important and though it doesn’t always positively correlate with SP the management being able to build a sustainable business must in the long term pay off. Like you I welcome a chance to pick up some more as felt I’d been left behind by recent appreciation in SP which I’d not expected to continue so far ahead of announcement on 7/11
Seems a sector dip today. Hopefully can close 430p. To be honest I wouldn't mind a short term dip ahead of Thursday as I'll be looking to immediately reinvest the dividends.
Not sure if you guys have been tracking but in the background PFG have been announcing a couple of positive non-financial pressure articles in the last two weeks. Last week was about helping set up and fund a charity to help young kids from poor backgrounds get a step up. Then today: https://www.providentfinancial.com/media/newsroom/2019/2019-dow-jones-sustainability-indices-results-announced/
Concerted effort from management I think
Had a run
Profit taking?
No big sellers yet at least and TBH I was beginning to feel it may have gone a bit too far too soon so will ignore volatility and wait until 7 Nov
If it goes back to £4 I may pick up a few more but knowing it’s a big risk
Agree fingers crossed ??
It's more or less holding its own each day and maintaining a gradual upward trend. That's good enough for me right now, Barrie. Let's all keep on hoping that 7/11 doesn't rock the boat.
Usual caveats but good to see 440 bid this morning
Sorry Rockmill I posted about sale on separate thread not having read your and subsequent posts but whatever the reason it’s pleasing to see the SP respond even if it turns out briefly to small buys
PFG making headway in early trade following Invesco reducing its holding
I got out of the Woodford Equity Income Fund three days before he gated it at slightly more capital than I invested, and having achieved very little income. I'm one of the lucky ones. I wouldn't back another Woodford branded fund with Monopoly money.
RNS yesterday
Cut from 19.7% to 18.9%
Thanks TheBorn, This makes sense to me now!! So the time to buy in might be when his fund re-opens, guess its always gamble but would expect big sells by then!!
I think some of Invesco's funds are facing some redemption issues (not on the Woodford scale), but they still hold >18% stake. Given Invesco thought NSF takeover was a good idea I'm not going to worry myself why they have sold a tiny portion of their holding yesterday.....I'll just embrace it.
The more I've read on Woody the more it seems he's re-positioning his funds to undervalued, listed investments. PFG is listed and on a fundamentals basis, probably the most undervalued of all his holdings. So I can't see him selling any of the PFG stake until the funds reopen for redemption in December and there will likely be a big run on it then (particularly if SJP pull their backing). This is when I see him dumping another large holding. The irony is, when Woody has finished the re-positioning he will have well diversified and liquid mix of stocks, many of which are undervalued due to the effect he's had on them / Brexit / China-v-US. If investors just hold their nerve when it reopens then they would probably be better placed leaving their funds with him as they'll probably do better than putting with another manager. Still, I won't sleep easy until Woodford is <10% holder in this.
It's bizarre but just a amateur here don't understand the mindset of institutions!!