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I was only having my fun. But hand on heart, I am a long term scapa holder with a 200p average. I do agree that it's been oversold, well hopefully so. Going to fish for trout in the puddle at the front door for a while, I'll check in later ;)
Yes long in the tooth investor me. Maybe those are in fact buys from earlier in the morning and sneaky MM's making them look like sells. It wouldn't be the first time and it's a good way to flush out day traders. Not that I'm against day traders :)
170.6-171.7
Do far a ratio of 1:10 thats one share buy and ten sold :(
Well some don't agree, big sells going through at 12:30ish one of which was 1mil :(
My average is 165p and I am looking for 300p
Once the RNS hits alerting us to the potential dent on revenue and profits the brokers will evaluate and appraise and deliberate
Before that MY target this year is 300+
The broker ratings were made before this shambles however. This may tick higher or lower but it won't jump north unless a fruitful announcement is made by the company, it could however easily tank again without that rns. Just being realistic here. My average is now 200p so I'm licking my wounds :(
Surprised this has held up as I think there will be another shake out today at some point, hard hats for later I think.
Happy how this is holding up, drop overdone - diving in
168.1-169.00
Can hopefully motor on to 200p
IMHO - DYOR
Broker ratings are between 480 to 520p
But as I said yesterday, I can see why the contract has been cancelled if scapa bought a direct rival of convatec late last year, namely systagenix. There's a conflict of interest there. The board would have known that, and the CEO commenced selling shares just before the news was released on Monday. Questions need to get answers on this.
yes halfpenny - and hopefully RNS to clarify just how much the cancelled contract will effect revenue and profitability potentially
I'll be happy if this treds water at 165p today without drowning. Give the company a chance to sort out the mess :(
and expect more
IMHO - DYOR
Chug chug chug and stalls :(
and again the sells outweigh the buys today, caution should be used here.
Won't hold without a company rns :(
165.6-166.5
tru
Am expecting some recovery today
Is my guestimate - DYOR
My point below is that this company appears to be leaking info to II’s prior to an RNS, just how did Investec Wealth & Investment Limited managed to sell their shares on Thursday prior to any news Friday and then an RNS Monday? I don’t think we have seen the bottom yet, if it re-tests the 140s again which I think it will based on this mornings RNS, it will need to hold that line for me to have any confidence.
Not much wonder the CEO steps down after all the sells he made recently just before yesterday's announcement, was he pushed?
shoddy sequence of events for sure... but still limitation of damage to financials?
I did mis-read the RNS - it says minimum of $30m (£23.5m)... although revenues 2 years ago (assuming it was prior to contract) was circa £280m, trading update in April £311m.. so can't be too much upside on the materiality.... then theres the question of profitability on the MSA which largely remains unknown but assuming average of 12% on revenue as per April statement... that's £3-4m max + litigation costs which is largely unknown.... barely a scratch