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Having read the RNS, my humble opinion. 2.1% of the company has been offloaded onto the Stock Exchange so a drop was inevitable. The fundamentals of the company have not really changed. I suspect a strong recovery will follow throughout the day once the usual knee jerk reaction has filtered out and a sober assessment of where we are kicks in.
Added at 92p -
gla dyor etc
No problem with the business. Will rebound during the day.
Topped up by 10K at 92.65. Hope it it will be over 95p by close. We'll see. I can't see any rational reason for it to go under 90p, but markets are not rational.
Agreed. Been looking at this share for a while and when I saw the drop this morning an entry under 92p seemed too good an opportunity to miss. Checked first what the reason was to make sure it wasn't something to put me off but given their ages it seems a reasonable thing for them to do. Sure the timing does seem a little disconcerting as it may suggest they feel the sp won't climb much closer to pre-Covid levels but then again it is about 3x what is was last year so cashing in now doesn't seem so strange.
So seems a typical overreaction that the market tends to have to 'bad news' which then often reverses quickly. Just hope it is another one of those and that I really have got myself a bargain?!
The owners plan to reduce the holdings in a 10 year period by then they would be 88 and 77. So nothing wrong with the planning. Should be back up to £1 if not by tomorrow then in the next few days imo.
Topped up.. also at 91.50
Sold at 106 bought back 92.6 ??????
DEUTSCHE BANK RAISES STAGECOACH PRICE TARGET TO 120 (98) PENCE - 'BUY' -
The overall narrative of the UK Recovery hasn't changed - I will continue to add on the dips
gla dyor etc
Likewise. I bought in August last year and took out my original investment when I hit 100% up. Left my profit in to grow a bit more to 115-120 mark minimum but with no intention of adding more. With a drop back like today's, I have added more as confident a climb back will come in the next few weeks. No panic needed here.
I'm not telepathic, but I expect resistance at 95p for a while. Hope to see it over 100p next week. Just educated guess work so likely to be wrong. GLA DYOR and don't panic.