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I think a lot of people are just taking their 40p profits today. No problem with that, it's bottomed out so only going one way sooner or later. Sooner would be nicer
Taking it's time today, but that's OK, no rush. Looking at 350-360 minimum as a starter. Still oversold.
I too thought that the decline was way overdone and bought back in yesterday. Up over 20p so far from the purchase price which at least will cover a few beers.
Yes, a good start. I was trying for a few minutes to buy this morning on HL. Quoted me 330.09 but went to unavailable when I pressed 'accept'. Eventually I had to pay 334.00. I'm hoping we go up another 10p or so today and march on from here. Way overdone on the drop yesterday. Good luck
Looking good for this morning.
Some way back up that Is!
Some serious money showing up after hours. No doubt factored in, but every chance of a TR1 I'd say.
Yeah, I know, only a joke. I'd been looking at the major shareholders on their website. Still a way to go on this I believe.
Depends where you have been looking. I'm getting a Savoy Hotel, Amsterdam ad under the first post today, having followed up a link to them earlier.
...might well improve if the retail staff lost the condescending attitude; customers are the reason you exit and not an interruption to your day.
£630K at 10am. Someone is accumulating.
Just had a Naked Wines advert beneath the first post. Good to see the company exploring shareholder opportunities Little shake there to liven things up..
As I've said elsewhere, I don't normally partake in the morning, but sometimes it's rude not too ;)
Trust you to be in a wine share - lol
RSI still oversold on my chart, sp as expected still moving up. Plenty of trades yet to show I expect. Wouldn't be surprised to see 350 today. Only 2 months ago Derek Hardy bought at 358 and 375.
They usually pay 2 per year, 1 interim and one at end of year. None so far, bit strange. Either way, over sold and an easy no-brainer punt to be made here today. "Majestic announces profits below expectations in 2017, but remains on track to hit 3 year plan of £500m in sales by 2019" This RNS did not warrant a -30% drop this morning, but it certainly makes me happy to pick them up on the fly!
RNS says dividends to resume this year.
I thought with the naked acquisition dividends were on hold?
You'd have to think so. Oversold at these levels. Great chance for IIs buy up a few, especially as they will no doubt have spoken to the directors to reassure themselves about the longer term plan. Great short term play in my view. Longer term a bit dull for me, but dividends will be paid again this year so a good solid share.
i should think it is institutional investors will try and buy millions of shares at prices up to 360 jmo.
Wonder if some TR1s will show later. Certainly volume is huge.
i hear what you are saying but should that equate to a drop of this magnitude 380/390 should be a reasonable price im in at 314 happy at that.
Profit before tax of 16m expected, even with this update. Profit expected to increase this year, but not as much as expected. 3 year plan on track.
Revenue of 400m+, profit of only 6m.. I wouldn't call it a strong profit making business...