PYX Resources: Achieving volume and diversification milestones. Watch the video here.
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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....
Or dividend crazy for a company that is rated A-/BBB+ for sub debt.
Calling in Tier 2 subordinated bond sounds like a confident move.
Deepjoy
Right. Barclays beancounters are very badly lacking.
The bank has a lot of talent - especially the investment arm, but the beancounters are a pack of re***ds.
They very recently downgraded JD Sports for a proposed takeover that initially went down very well with the markets.
Fell ten percent on the back of their beancounters downgrade. I rate JD because there’s a major football tournament this summer and that’s nothing but good news for sports retailers.
And their takeover target will give them increased exposure to the massive US market.
Obviously Barclays beancounters aren’t football fans. Doubt if they know what a football looks like.
If I was Barclays management I would go through them with a wrecking ball.
Just my luck I sold them at £499 earlier..As they did this beginning of week and fizzled back down. Alas...Looks like it isnt this time. Typical.
Could be a takeover bid or maybe just a rumour of. I’m here for the divs but wouldn’t mind if the bid was 650.
So many times phoenix has comfortably exceeded the 500p barrier during the last year only for it to dip below it let us hope this time it sticks
I wouldn;t want to be that Barclay's analyst as the outlier two weeks ago. I bet their phone is ringing alot !!
Don't believe that.. We can see how it plays out into close if your hypothesis is correct. Too much churn in my view. Either a welcome day for liquidity and focus.
Todays move isn’t no broker upgrade or RNS
THE SHAREPRICE ACTION IS AN EXACT REPLICA of Anglo America 45 minutes before the market closed.
My guess, and it’s only a guess, is that a takeover bid will be announced after market closes
Phoenix will become the latest takeover of a UK company that trades for chump change because an obtuse nation doesn’t possess adequate intelligence to value shares fairly.
Sadly any takeover by a US predator will result in asset stripping as we have seen with Morrison’s and countless others.
That’s why Britain voted for Brexit right?
Short and sweet, but I’ll take it happily anyway, as the actress said to the bishop.
Nope the real moves happened at 1pm so the Barenberg release is highly likely
It was straight after the redemption RNS.
Berenberg bank TP 650p
Just sitting on my hands... with that sort of volume and the RSi still low it is all to play for next week when the mist clears.