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Clearly more buy than sell, so I am holding
Yes, disappointed me too ... I decided to follow my own advice and get out -- what really did it for me was the dividend cut. With the divi only 50% of what it was, this share no longer fulfills the criteria that I need within my high yield portfolio and so the inevitable fall this morning just finished it off for me. A long time ago, back in the 90's, I was working in an office ... and in the next office along was a guy, my investment 'buddy'. The interesting things was that over a long period of time I consistently bought 'better' than he did, and he consistently sold 'better' than I did. I always got them cheaper and he always sold them for more. Recently I've seen that I'm still bad at getting out ... still good at getting in though! I just need to tighten up my resolve once I know I need to be out. Good luck ... I'll be watching how things go ... if I was into the recovery/takeover thing then I'd get back in within a couple of weeks of now. With the market capitalization as low as it is now, and the brand name of Farnell as strong as it ever was ... it will be an interesting time! Mike
As usual, market over reacted. Ideal time for long term investors to top up. Bit disappointed with dividends though
So what do folk make of the results posted this morning? To me they don't seem to contain any surprises. Pretty much what I expected from the trading update that was posted just before the tumble. Given the great increase in the free cash flow I'm disappointed by the dividend cut ... Seems unnecessary and is bound to affect sentiment badly. Also the the restructuring of the board seems a little chaotic and until a new CEO is appointed a little without direction. What with the Akron Brass sale as well PLF is looking more like a takeover target than ever before. Pity is that I was in for the long term for the dividend stream! Mike
Tomorrow ☺
Share price already showing signs for growth
...this Thursday coming, the 17th.
I'm glad that I bought some! Nice rise today - interims due soon. Speculation of take-over maybe driving the price but it had looked oversold..
Glad I didn't go back in yet! Surely must be near the bottom now? Going to be a long, long haul to get my money back! I was going to say 'some you win, some you lose' but today it's just some you lose....
Probably about now - yesterday's sell off was evidently, errr, early knowledge of a broker downgrade that came out today.
Looking forward to see a steady growth from this point.
That'll be the market makers making the market
Vol. Sold: 496,896 Vol. Bought: 929,006 But share price goes down...
Another big drop today, when do we go back in again? 130?
This is an opportunity to average down for early investors. So what, if the price is down, it's only on paper, the worst thing to do is to sell and crystalise your losses. If you can sit tight and are willing to wait then just collect the juicy dividends and wait for the price to climb or hope for a takeover bid from Electrocomponents plc. GLA and DYOR
No one would sell at this price and we can witness more buys today. Price should rise but it may not rise to a level that could help early investors.
I'm in here and yes I've lost on paper ... of course selling would crystallize that situation and make it real ... staying in (and the brokers are now targeting 180) gives a chance for recovery and profit and the dividend. But leaving all that aside I just love the way the market makers work ... there's *TWICE* as many shares being bought as are being sold --- and the MMs are still marking the price down. So what are they up to? Mike
Hope he wants some more, he can have mine at that price! Long, long-term hold now i think.
... and it goes on ... another buyer just took 80,000 at 150 (the market closed officially at 138) ... now that's someone who's keen. Mike
Well look at that ... five minutes after the close of the market someone bought over 500,000 shares ... There's been a lot of selling today, but every sell (and more) has been balanced by a buy. Despite the negative sentiment there's a lot of folk have confidence in the longer term and a lot of bigger players who want in at this price. Tomorrow I get the cash from some sales placed today (I'm ashamed to say they were some unit trusts) and at this price I know where I'll be putting some of it. Mike
Anyone who has ever bought electronic components will know that farnell is one of the biggest and most reliable names in the market. The slight delay in Pi 2 production and shipments will come through in the next half and it will become clear just how overdone the drop is at present. Probably due to people nervous about what is happening in china, but PFL has basically no exposure there !
Interesting to look at the trade lists this morning ... Lots and lots of small trades ... mostly sales ... interspersed by some largish buys. There's a lot of small players in this share who, not surprisingly, are being shaken out by the marking down today -- there's also a number of bigger players who are taking advantage of the lower price and the selling to top up their holdings. I'd expect this thing to be unsettled for a few days before coming back to a more sensible level -- I'm staying in. Mike
not my best decision .. bit of a punt ... but really not good Lost nearly a grand...
What! 15% drop not great results? Are you sure? wish i'd never heard of them! F*** the dividend!
& yet more not great results! Not sure now if they will offer the juicy Dividend when they report the Interims in September? 'Already gone sub 140p so we may well get to a bargain basement price of sub 130p??