Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Further wise words Mr Alas Smith & Jones
Calm down.
Since fund managers move markets, it is they that determine broad price direction. Fund under active management need to place bargains on the buy and sell side for liquidity, balance and profit. Pension funds also need to move money around so that assets under management generate cash to pay out the annuities that have been guaranteed. That we may all have the same information at the same time does not mean that we are all going to reach the same conclusion.
The advantage that forums such as this are in the exchange of information and to benefit understanding. It helps in making better decisions in times ahead. We may disagree on this, but while I will be filtering mhudson as having nothing really useful to share, you are a valuable resource to benefit all. Incidentally, if you have evidence for collusion, then it should be drawn to the attention of the Financial Conduct Authority and to the Head of Compliance in both RMG and UBS.
For what it is worth Mr UBS could have easily sat on a hold rec and moved to a neutral price target around current price thus sitting on the fence but instead he bit the bullet which he did and changed rec to a buy and put out a much revised up price target of 575p, let bygones be bygones, we are through the worst, onwards and upwards to 600p + as a city guy respect to mr UBS for seeing the light and having a strong view
WHAT EVIDENCE SUGGESTS IT WASN`T , Forced £6.12 to high 4`s on what information ? joke
mhudson - forgive me if I seem impertinent, but I really cannot see how you have arrived at the conclusion that the share price has been manipulated. What evidence have you to support your contention?
I agree manipulation is plain 2 see , what catalyst ? Please don't say xmas.
They dragged the share price down and profited from that I bet
Broker opinion not only changes but needs context. UBS in common with say Goldman Sachs, Barclays or any of the larger Banks have teams of backroom staff that look at the information for ALL the companies in the same sector not just those in the UK, but on all the major markets. This means that RMG is being compared with DHL and UPS and FedEx and all the others out there. So a hold for RMG might be made in the same breath as a buy for DHL and a sell for DX group. The buy in place now, may have changed the opinion for others.
For anyone managing their own portfolio, there are disclaimers that share prices rise and fall, that it is important to undertake your own research and all the other caveats.
Selfishly, my portfolio and that for my wife are managed on a discretionary basis. I look after the portfolios for my children that include ISA and SIPP accounts as well as the SIPP accounts for self and my wife. I also manage the pension fund for my company. Those that are professionally managed are very substantial in terms of capital invested and we pay handsomely for the privilege not just in terms of dealing charges but also a quarterly holding charge. The holding for RMG is in ISA wrapper for elder son. His portfolio is structured for Capital Growth with risk at HIGH.
A very fair comment. There is a new catalyst as to why RMG is more attractive which is UBS’s catalyst for a change of view.
Broker opinion can and does change. Opinion published 2 months ago was reliant on information at the time. There has been new information published only days ago which has altered opinion. It has absolutely nothing whatever to do with short selling.
And a BUY Recomendation !!!
Well done mr UBS for reacting positively to the statement - 575p target I am told but not seen yet