The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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I agree 100 % that they have kicked the can down the Thames and now it is time to go shopping for real bargain companies to show up and make good on their deeds. interesting weeks ahead for potential T/O for sure..
Stronly!! A few beers too many, a good day to celebrate!
Looks like our market is set to fly on Tuesday. A nice change, and perhaps there’s news coming for Phoenix!
Got to be in it to win it.
GLA for those that are holding.
Absolutely.
FWIW I think that now the worm has finally turned there will be a number of t/o approaches with London valuations so low.
Wow, something is cooking that was some volume spike of 10m shares the highest volume traded for the past 3 years 👀
Legal & General is touted for its dividends and you can just about guarantee it will drop by more than the dividend. At least more often than not.
Well, most of the time, only always, lol. 😂 😂 😂
Yes deepjoy, I also like selling shares before they go ex-dividend as well. Most of the time, the drop will be bigger than the dividend. Buying them back afterwards usually is a little better off than staying to take the payout.😂😂😂
Seen-it... I did the same before GCP divi day last week as the last three times the ex divi day went badly and led to solid selling. Guess what this week it didn't it held the level... things are changing in the market that is for sure and with a £3m UT trade to close higher than the ask; this has legs (i hope)
Rest of the week average was 1-2M/day.
This is not normal!!
Will buy my shares back when it settles down later.
Sorry, summit too early by mistake...
Usually the SP always will fall back after a sudden spike. So, I took the opportunity and sold @524.5.
Usually the SP would always fa sudden spike
Also US jobs report came out way before the rise. Don think it’s that either.
Could be a combo of us jobs, Fed dovishness, broker note and some published media rumour.
Seems a bit much for just oversold as well at least in this one session!
Still +10% yield though!
Guess we’ll find out soon enough!
Usual caveats
Trek
Excellent news. Will be keeping an eye out for anything in the media over the long weekend.
Don’t think this is the early redemption. Market didn’t react when RNS was posted.
Remember when there were takeover rumours with MNG (I hold). I said then that PHNx would be the likely target. It doesn’t have the AUM flow issues. It’s a lift and shift and rebrand. Just like we have done with likes of standard life. Very straightforward.
I also explained the huge cost savings to be had here from AI. I don’t think the market has got anywhere near appreciating that.
The AI bots using voice recognition and intuitive searches and questioning plus written responses are proving better than humans. It’s why solicitors are also terrified. I mean come on there is really not much to basic conveyancing outside pooling and reviewing data.
The solicitors just deal with complex stuff and system generated alerts.
I have worked with this tech and can see its potential. We really are on the cusp of another digital revolution!
These comps will soon be significantly reducing their overheads using AI.
Usual caveats
Trek
Certainly the gap to 540 looks doable soon now.
The great thing about today is that it has taken out a lot of trading positions both long and short.. With the UT trade to come it will be the highest volume since 2020 and for me; it ruddy bullish for the next few weeks. DYOR
A takeover? Well as DJ Pied Piper said, I'm lovin it, loving it, loving it!
Takeover bingo, new game?
Whats going on, is this really just a broker upgrade?
Again in my view another pointer that a lot of value in UK companies is not reflected in the share price
What's happened?
Massive increase in volume since 2.38pm
We are heading for the highest volume day of trading since December 2022....