Would not have said this if it was a company inferier to CD & R had done the PIPE. Considering who they are, they have gone from "prince to pauper".
even though the ''pipe arrangement'' was strange
The market will correct here and even more in the US, but that applies to " inflated stocks" and the markets may choose to gamble on another surge of variants in the autumn.
This will not apply to SIG which is still undervalued going forward, yes there are now more shares in circulation but also more money following the injection of capital. If there was no Covid and hence no cash call, the SP may have been £1.20 by now or it may have been bought outright for more by CD & R.
I think tomorrow, hope it is not a ''kiss of death'' lol
??????
Was just a bit of humour, it will be 41p this week and 44p very soon
Honestly not joking you know!!!
Think there is no doubt we will see 44p very quickly, if we get to 41p by Friday, I cannot see it not getting to 44p the week after. It is reasonable to expect 60p sometime this summer.
This is a " turnaround stock" because if things are not getting worse and the company is currently on a " timetable" to profit, this can only mean SP growth from now until the next update which will show things are " on track". It is not unreasonable to expect 60p within a few months, however, it will take time to go further.
we could be back to 44.54p next week
The rest of 2021 is not a concern, but equally not going to show anything that can set the SP alight. However, because 2022 and beyond is going to be be good, inverstors will jump in now and therefore we could see a decent rise. What will set the SP alight is takeover interest.
Sorry the point I was making is these companies have recovered strongly in these situations and so SIG is expecteting conditions to continue this year but 2022 is looking good.
It has " looked beyond" companies which have been effectively " closed" since March 2020 like JD Wetherspoons, Cineworld, Marstons etc. So why willm they ge concerned about the rest of 2021? To this effect I think we will be seeing a decent rise before June/July.
hope for flat finish?
but still think 50% rise by June/July
Billions of dollars are set to flow from stocks to bonds around the end of March as big investors move money to rebalance their portfolios, analysts say.
The large fall in bond prices and a rally in stocks in the first three months of the year have thrown many investors’ typical portfolio mix of 60 per cent equities and 40 per cent bonds out of whack.
To get back in line around the end of the financial quarter, pension funds, insurers and other large investment groups will need to load up on bonds. That could tap the brakes on a market shift that has defined the opening months of 2021.
“It should be happening as we speak,” said Nikolaos Panigirtzoglou, cross-asset research analyst at JPMorgan. The rebalancing could already help to explain the stronger bond market performance so far this week, as the transfers are typically concentrated in the last two weeks of the quarter, he added.
Given the rally in equities and sharp bond sell-off, quarter-end rebalancing could be large, out of equities into fixed income
Sphia Salim, BoA
Global bonds have slumped of late, led by a fall in prices in the US Treasury market, which has sent yields on 10-year notes up 0.7 percentage points to around 1.6 per cent. Meanwhile, the MSCI index of developed market equities has risen 3.7 per cent over that period.
The divergence has fuelled expectations that the coming reshuffle will be sizeable. “Given the rally in equities and sharp bond sell-off, quarter-end rebalancing could be large, out of equities into fixed income,” said Sphia Salim, European rates strategist at Bank of America.
BofA estimates US private pensions alone will need to pull around $88bn out of equities and plough it into bonds, which analysts said was “historically significant” compared to the past three years.
Balanced mutual funds are expected to sell $136bn of equities to buy fixed income, according to JPMorgan estimates. Among stores of sovereign wealth, the bank expects Japan’s $1.6tn state pension fund GPIF will shift $44bn while Norway’s giant oil fund would need to move around $70bn to meet its target allocation.
Panigirtzoglou said that, in isolation, rebalancing around the end of March could prompt a fall of 4 to 5 per cent in equities and a rally in fixed income of roughly 0.1-0.15 percentage points on the US 10-year Treasury yield. “But these flows are not going to be the only game in town,” he said.
BNP Paribas earlier in March cautioned against expecting a big market correction because of the rebal
It was a massive development and we simply do not know the extent of their plans. We cannot rule out a full bid.
yes this is ''a lock away stock'' if we are looking for £1-£2, but 60p can be reached within a few weeks if things are shown to be improving/not getting any worse.
by the look of things. Think this could rise if losses are less than expected.
but the markets don't really give you a chance on the eve of results, better today