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Maybe, but SKG in its current form has grown
through decades of acquisitions.
Smurfit Plc , under the current CEO's father (Michael Smurfit)
was highly acquisitive.
The only way now is UP!!
Nowt to do with London Stock Exchange, and all to do with management hubris. Remember 80% of acquisitions destroy value for the acquirer, so the reaction of the market this morning suggests this is not one of the exceptions to this rule.
Having just watched the excellent interview on CNBC with Tony Smurfit, the CEO of the joint enterprise, I have bought at 2705p and expect a 15% rise by the end of the month. Good luck all.
Surely this is a positive step for the company but is the London Stock Exchange punishing the company price wise because it wants to move?
Did you sell in anticipation of a plunge? For what it is worth, I'm afraid I entirely have to disagree with your belief that this share is heading down. Profit takers often emerge immediately after results as happened earlier today but in my opinion in the short term and probably longer term also this is going up and substantially at that. I own a few and happy to hold.
But, FCF is considerably improved, may not be as bad as you expect, or you could be right lol
On the way down today - i expect - slaes well down.
N/m
Reverse glug glug more like, UP 10% since your post
and notice you have disappeared, eh.
Hopefully can add those back lower down.
Longer term SKG look very well placed to me fwiw -
ticking all the right boxes - pun intended.
Down trendline from 6/4/23, was broken upward to account for significant rise today . Further progress will be limited by significant overhead supply between 2846-2900. In addition there is a large scale downtrend, which has reached the price area of 2846-2900 described. Relatives strength indicator is still below 50, which usually means a bearish share. If the rally is deemed to be a bear rally, then there may well be a retracement, before an attempt is made at further upward progress.
Is possible but may need wider markets lower down and
perhaps also a disappointing trading update/profits warning.
We look to have moved in to a lower trading range,
but SKG can still be traded within that,
particularly as it's given to fat % moves.
Looks like this will drop back to the 2000 level. Worth a punt at that point looking at the charts
Holding 1,100 ATM, my rational is to build a sizeable (for me) position before
the cycle turns.
May be some fat sector moves tomorrow.
Seems like that, i wonder if the SEC will look into it or will i win euro millions? It’s a toss up between the two
Seems tomorrow's bad news has been leaked early to the privileged few institutions.
that would explain the past few down-days
24 is the next support so another 10% fall before the rally AIMHO
SMDS update on Thursday, are we at cycle share price lows?,
would say unlikely, let's see.
Due to short term uncertainty not clicking a Buy.
Trading range since March 2023, 2850-3050. If buying, probably best under 2800. Both weekly and daily relative strength indicator below 50, which is bearish. There is significant resistance from overhead supply in the region of 3050, which explains the top of the trading range.
Bought in here today. Good company, well run. Maybe some short term challenges but the fundamentals look good to me.
This is definitely a buy between now and dividend, don’t sell your shares cheap, this will pull back then be blue Thursday and Friday:)
Triggering of stop losses by a few nervous investors, great results given the global problems, good dividend, the SP will pull back, will be blue by the close, maybe !!!
Great results inspite of reopening effects .
I have another suggestion that might be beneficial to the share price of this firm. It should break up into several new firms like GSK, PRU ,BHP and AAL. These firms have benefited from a break-up. Their new ventures have soared in price and shareholders have patted the companies on the back. it is an innovative idea that really boosts large firms and gives shareholders a generous hand-out. GSK is a bit slow at the moment but it is new and surely will rise higher. The new companies could be based on geographical areas.