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I'm fairly new to the game myself.... I have been in sharesaves at work and made a fortune when Walmart bought asda. I left asda in 2008 and joined Pearson. Made a few quid through their sharesave as well. Only started trading about 24 months ago. Win some, lose some. Doubt I will ever be rich. Got hooked on AIM unfortunately, cos I think I struck lucky at the beginning with a few stocks, then lost a fair bit on Afren. Holding shares in SXX, UKOG, XTR as well as here.
Hi Podga, thanks for that I asked what it was on 88e BB and they posted explanation. Very new to this feeling my way. Just started a sipp (January) doing ok at moment. Very quiet board here I like it. Any tips greatly appreciated, i know to avoid AIM until i know what i'm doing but too late.
Uncrossing Once the uncrossing price has been determined and which buy and sell orders get matched, all of the matched orders put together are reported as a single trade, of type “UT” (for “Uncrossing Trade”) and size equal to the total number of shares changing hands. In particular, note that a 38,000 share “UT” trade does not necessarily mean that any particular person or organisation has bought that many shares, nor that any particular person or organisation has sold that many shares. It may be a combination of lots of smaller trades by people and organisations.
don't like the look of the £7m sale after close.
The cost of the learndirect contract was approx £25million per year to deliver approx 2.4 million tests per year. According to the report, Pearson's contract is bigger so if it is for four more years we are looking at over £100million....
it was on the Sky News business page of their website late Tuesday evening.
Hi podga is this reported on sky news today? Regards
Sky News reported Learndirect - which was due to begin supplying the theory tests later this year - agreed to a multimillion pound settlement with the Government this month. Rather than going ahead, the firm's contract was cancelled by ministers and handed back to FTSE 100 publishing group Pearson for up to four years without re-tendering. Pearson had been administering the tests prior to the new contract. It's understood the Driver and Vehicle Standards Agency made the decision to cancel the contract with Learndirect, after discussions with the Cabinet Office and the Department for Transport. The size of the payout was not disclosed, though it was reported that the contract with Pearson was more expensive than the once signed with Learndirect.
I'm surprised you sold out only a month away from ex-divi date. I'm hoping it won't drop by the 34p they announced..... Any share price above 850p on that day would have given you a better return.
Can't believe the huge rise over the last week but am very happy. Been under the water for a long time but cashed out this am for a decent return and my nerves can't take it anymore !! I imagine there will be a pull back over the next week or two back to 800. Longer term hilary in the White House is probably a very good thing re common core so there my well be upside in 2 to 3 years to 12 quid if all goes well but too risky to guarantee so happy to be out for now - will look back in if it falls back to 750.
There is nothing in the results that we didn't already know.... Lets hope this is the start of the new beginning!!
Completely agree with Anton. There is obviously very poor visibility of earnings here and to be honest it just invited all the Bulls at once today because there wasn't much cheer pre draghi. If anything today's tise has created a stonking short. A bad night in Asia tonight and this sinks tomorrow.
I take it that you're not a shareholder here? The market obviously likes what it hears in the trading statement and sees it as a good recovery stock, as a result of the SP now being up over 18% Don't you just wish that you'd bought in at the recent lows!
Massive job cuts take place when the company is in trouble. It is the only way to retain profitability at previous levels. It's not growing its revenues. It's trying to maintain profits and dividends through cost cutting measures. 10% job reductions are massive. It's a sign to company is in desperate trouble. It also sold much of its brand power with the disposal of FT and the Economist. It's getting smaller and smaller as a company. It's American arm is struggling. There are significant worries Pearson's study material is/are not adequate. In fact, you can self learn better with resources available freely online than you can with Pearson's books and what have you. There are worries in the US that Pearson tests and assessments is creating a generation of school kids not adequately qualified. There is possibility the public bodies, with proper regulation, might be asked to create test materials in the future. This is a company fraught with danger for anyone wanting to invest in it.
After announcing a 34p dividend, updated figures will show a 4.8% return on any outlay ant today's share price.... Plus the company is looking to reduce its workforce by approx 10% in 2016, therefore I think this is the turning point so its the start of the climb back up.
So a completely disastrous couple of weeks and update out tomorrow. They said that eps would be circa 70p and next year ie this year around 65p My guess is that this will be met and dividend will be maintained or even slightly increased - not 7% but maybe 1 or 2 % / My opinion is that this share is worth at least 9 pounds on current earnings/ market conditions and potentially 50% more IF they can deliver The transition to digital - we shall see and I could be proved entirely wrong in a few hours ( at least re earnings/ divi) but thought I'd put it out there !!
now up over 1% today again , also good to see some sellers cleared ,the more sellers cleared before I hope pson moves up may be better longer term to see them selling at this current low price , also pleased to see pel starting to move up hoping to see pson continue to move share price up today and in future days ,that the longer term holders holding from higher prices may see pson move to that level again
trytosmile ,looking like may be another blue day again today , I have now learnt to try and watch a share to try and get in as close to the bottom after in the past having lost money buying into shares at to high a share price ,hoping in future days weeks to see pson move up more
I have also been watching this share for a while and bought on Friday at £6.90 and thought that I had bought at the bottom and looked good earlier but fell back late afternoon. Lots of my holdings in the red at the moment so fingers crossed for the rest of the week/month. It has been a very hard market to trade and have only made money in quick in and outs of tlw/glen which is not how I like to trade. Looking at chart £6.82 is support then £6.46 and £6.25 but hope it will be back above £8.00+soon.GLA
had hoped for a blue finish , however a look around the market pson had not as large drop in share price as some other shares
Watching this share price drifting from around October , hoping this may be a good buy in price , like to watch for a lower price with shares with potential , also watching pel after drop in price there followed buy large directors buy , pson is one share I plan to watch in 2016 and like the buys seen today , hoping this may be the start of a move up in share price , hoping that the people holding from much higher share price may soon see pson share price move back up again
Hoping this is going to be the start of a tick up for 2016 ,good to see blue hare at PSON today at a time when share prices across markets have been dropping
I think you might have a point. Pearson's management team doesn't seem particularly inspiring, but provided there aren't too many profit warnings and the projected profit for 2016 stays above £600 millions, the SP should hit 1200 by about June.
Pretty horrible few days ( and indeed couple of months !). Wish I had some more money cos its Got to be worth it at these levels. Ft and economist while trophy assets didn't actually produce much money - the lease on the ft building will probably generate more than the ft !! PRH investment is worth circa 2 billion dollars Us is at full employment (bad for earnings perhaps but how long can that last - we have had about 5 or 6 years of constant adding so will surely come to an end soon with interest rate rises. ) We will see at end of Jan I suppose but I still expect this to be close to 10 quid in the near future.
Pearson is a lesson in how tough the education sector really is Exam boards: schools have to buy text books too Universities are outraged by steep price increases as pressure on the textbook giant grows, the Telegraph has learned