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Market seems to like the new man. Dont know much about him.
an absolutely huge transaction,just there?
today .... but I cant seem to find out what time it starts? You would think it would be mentioned in the results. A quick skim and things seem to be moving in the right direction. Divi held but ROE 20 percent. Deal looks to be progressing too although more detail to follow.
on the turn for the better it seems. Hopefully the slimmer version will be better placed for the new normal trading.
or no deal! Im not really sure what to make of it. I expect ICAP are the better winners but maybe TLPR can make cost savings that exceed initial expectations especially when you control a bigger piece of pie. I wonder is this deal is born out of necessity than being relatively poorer with the status quo. Maybe I just need to get my head around things, I wasn't inspired by the brief but will continue to hold. Market not too sure either currently the SP is down 12% and falling. Although it went down by 10% then up by even more the other day. Must be great for day traders having 20% swings
http://uk.reuters.com/article/2015/11/06/us-tullett-prebon-m-a-icap-idUKKCN0SV17620151106
or profit warning! So things are still not going well and the outlook is not that great either. Its not all bad news though, the new business appears to be doing ok and management have reacted with cost cutting. Still with the SP falling by over 10% that yield is rising nicely. If it keeps going it might be worth topping up.
seem a bit better with metrics turning more positive after having a bit of a blip recently. The divi should be more secure now and maybe it can push on from here. I wonder when the divi will start to rise?
36% vote against pay!
Not much in the way of detail but things look reasonable on the surface. A 15% uplift in revenues sounds good but has that been translated into profit? Again there is a lot not said but I continue to hold for the divi
Well the drop didnt last. That amber warning is now glowing green. I cant bring myself to sell even though I now have a green light. Taking the dividend is like selling a bit, well 6.5% of it. I wont be reinvesting that divi back here right now so it will be off to the pot awaiting the lights to go out on that spreadsheet or for a top up else where. With all those green lights appearing I am wondering if the market is starting to get a bit frothy
Results again are not great but the divi is being held again. In real terms it has been falling due to inflation. Lots of accolades for its services but it needs to profit too. Its not all bad and maybe they are starting to turn a corner. They seem to think keeping the litigation monies to invest will be better than handing it back to shareholders, I hope they are correct. Market doesn't like the results off some 7% but it still yields over 5% for the divi. So were being paid to wait for the turnaround to happen. Maybe the market was expecting a bit more. I cant see myself adding more even after the drop. Market on a high and this well over its 200 day average. It was flashing an amber sell on my spreadsheet although I expect that to clear after today's events. So back to sitting on my thumb and collecting the divis
TLPR has broken its 2014 high for the first time this morning. Bullish.
Will TLPR benefit from this? Is TLPR a takeover target itself?
TLPR is approaching the 340p resistance, from feb 2014, and will do well if it breaks it. As it's daily RSI is at a high 76, I'm not sure it can make it; yet.
I you're a trader, then the height of the head is the 1st profit target.
Well spotted and thanks for the info on this. I understand that the inverse h&s predicts quite a specific target price (something to do with the collar IIRC) - are you able to provide any insight on what this technical indicator suggests? I'm more of a fundamentals and a contrarian value based investor but i find the technical side fascinating. I have recently started building a position in this share and in PLUS on the basis of the yield, p/e, low net debt and given the recent volatility in the markets must be good for both of these. TLPR seemed too good to resist at 250 and PLUS at 550 when i started to buy both.
Looks like the court settlement announced a few minutes after my last post also boosted the shares.
An inverse head and shoulders completed in mid December was the prelude for the rise TLPR is experiencing now. Plus some good fundamental news to underpin it.
On 3rd December Liberum Capital recommended holding TLPR with a 275p price target. Today those shares are 286p, so why not adjust it instead of leaving the recommendation to go stale? Many brokers publish confusing recommendations and that's why, for me, the system is unreliable and of poor value.
Great dividend too!
Yep I'm feeling very comfortable with TLPR. I class it as a keeper, loosing no sleep over this one :)
Nice trend reversal, looks like we're heading back to 300
Again the update was generally all bad news due to the challenging environment. I thought that there might be an overreaction on the SP but Mr Market seems happy and its up a tad. I suppose it was not as bad as expected then. The Divi has been held despite the fall in profits so I suppose we have to await the outcome of the cost cutting until the environment changes
Worried about the Interim Results due 29 July and what Terry Smith is going to do with his shareholding in the company, which could be overhanging the market. Also elsewhere, FX dealers are under investigation by the Old Bill and that is very unhelpful - ICAP share price is also suffering for the same reason.