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I got to agree that 250p in the near future looks very positive when a massive recruitment company in Asia starts buying shares at over a 50% premium (180p). This has to be the most obvious takeover.

Not likely bburner. MM's probably taking out limit orders that were set. This will rise I'd imagine from here on.

Staffline yesterday gave an aquisition RNS for HRnetgroup buying up STAF shares at 180p, a massive premium. Their holding is 24.89% of Stafline. HRnetgroup are the leading staff recruiting agency in Asia having 11 brands.
Looks like they are on the move to buyout Staffline.
Surprised at lack of response here considering this is the best news the company has seen for a long time.

If anyone has a stop loss in place, I’d remove it before the market opens.

Looks like a large sell order being filled and bought up mainly by PI sas. Possible Ory selling some?

Because of interest. If you go to the effort to research a company you gain an interest in it.
Some people asked the exact same thing of me with Stafline when I warned people at 350p it was dropping further. Sadly people didn’t listen but chose to attack anyone who didn’t ramp the share. Quite sad really.
Maybe though it’s the psychopath trait.

I couldn’t agree more with you. I think people need to ask themselves, “would I buy these shares based on the results?” And if they answer no, then why the hell are they still holding them.

INDEPENDENT EQUITY RESEARCH
Centrica
Gas-Distribution / UK
CEO steps down, dividend slashed
Earnings/sales releases - 30/07/2019
FY18 had raised concerns about the sustainability of the dividend, and Centrica has finally cut it by nearly 60% after the catastrophic figures for H1. The group has announced its intention to exit from oil and gas production in order to refocus its activities on services around the transition to low-carbon. The group tried to reassure about the outlook for H2, confirming its cash flow and net debt full-year targets.
Fact
• Adjusted operating cash flow down 32% to £744m • Adjusted operating profit down 49% to £399m
• Adjusted EPS down 63% to 2.4p
• Net debt up 17% to £3.3bn
• Full dividend down 58% to 5p
Analysis
Consumer division, 60% of adjusted operating profit
The division’s adjusted operating profit was down 44% to £240m, due to the implementation of the price cap in the UK and fierce competition from smaller suppliers. Energy supply customer accounts in the UK fell by 178k, due to the high customer churn in March following the announcement of an increase in the default tariff cap, but the group has tried to be reassuring for H2 as it sees the slight increase in May and June as a potential inflection point.
Exploration & production, 37% of adjusted operating profit
The division suffered from lower achieved gas sales prices (-14% on average for gas) as well as lower gas (-6%) and liquids (-12%) production. Consequently, adjusted operating income from Spirit Energy was down 42% to £90m and CSL’s by 43% to £58m.
Financial position
To reach its adjusted operating cash flow guidance (£1.8bn-£2.0bn) the group increased its cost efficiency target by £250m (to £1bn) backed by digitalisation and employee reductions of between 1,500 and 2,000 (or a mid-point representing around 5% of the total staff at the end of 2018). And for the net debt target, capital investment guidance has been reduced by £100m to £0.9bn, which should be partially financed by the targeted £500m non-core divestments. But, most importantly, the group cut its dividend by nearly 60% to 5p.
2019-22
In addition to the already announced disposal of its stake in nuclear plants in the UK, an exit of the oil and gas activities is now planned, with the aim to refocus its business on energy supply and services around the low carbon transition. In H2, the group should benefit from the absence of the one-off price cap impact, and from the restarts of Hunterston B and Dungeness B. In the longer run, earnings should benefit from the £1bn annual cost reduction targeted over the period and the dividend is now linked to earnings and operating cash flow growth.
Auguste DERYCKX LIENART

If people believe this will be worth a bit sold off then I’m afraid they are mistaken. The Nav value is just 55p but the realistic price will be much lower, especially when you take into account the debt. It would be a lot like Flybe.

No one knows what the share price will do and only you can make that decision to sell or not.
What I can tell you is there are better companies that are debt free and profit making out there.
CNA is not likely to be bought out either because any buyer would be buying their debt too, which quite frankly is massive and will likely send the company into administration. Just look at the other big companies that have gone. Woolies, Thomas cook and Debenhams. They all had in common - huge debt.

Surprised people are buying this.
Debt increased to £3376m!
Loss of £446m!
Book value of 55p.
Enterprise value of £9.42 billion compared to the market cap of £5.28 billion.

I'll be surprised if this does not go lower than the NAV. If they don't drastically change what they are doing the company will not be around in a few years.

Excellent rns this morning. The share price has pushed above the resistance at 4.5p and looks strong for the early start to the day. Volume has been increased in the recent weeks which is very promising. I'd say, the days of 3p a share are gone now.

Correction, not sure where I got 11% from but meant to say about 9.5%. Still pretty good.

Depends what price you bought at. My buy wasn't low at 33p and that gives me 11% dividend yield for the year based on 2.99p dividend. I keep over looking this share but I intend to add on any drop by a penny or so as it has broken out of it's previous trading range and looks to go higher soon. Not a lot, but should see another 10%.

So go back and look at the video showing PF smiling like a Cheshire cat and tell me that smile is all about "knowing a big contract is on the way". ......... and to think I got a 2 day ban for suggesting otherwise. Wake up people. Some BOD you just can not trust.

That is true and it is what has caused the drop. There is a strong possibility that the capacity market payments will be restored this year or possible 2020 but it is never a dead cert.
Overall if it was not re-instated it would be a blow to DRAX but not fatal. They have been making good progress.

On the contrary, it was expected. Just go through years of rns and you will see the pattern.

Has there ever been a time when WSG has not given a slap in the face?

Though not terrible, there is that dreaded profits warning. The share price has dropped to a strong support level. Whether it holds or not who knows but I am now ignoring my alert and have set another for lower. The company looks strong and should recover ok but it may now take another set of results to change the direction.

I agree 80p isn't high enough but what price do investors want here? 100p short term or do you want a higher price?

http://www.chartupload.com/viewer.php?file=82525924580935259962.png - daily

http://www.chartupload.com/viewer.php?file=28644945524754602984.png - weekly

If you take a look at this daily chart, it clearly shows XLM has broken out of it'd downward movement and has filled the gap to 75p. The RSI and STOCH both showing over bought.
In filling the gap, it has also created another gap for which it would need to drop back to 73p/74p to fill.
This 73/74p area coincides with some support but also the previous top of the downward trend channel as shown in the weekly chart. A pull back to here would be common after a breakout and many would use this position to buy in. This would also allow for the RSI and STOCH to fall back and not be over bought.
73/74p is likely to be the bottom for this share now imo.
Also worth noting is the 20EMA has passed through the 50/100/200 and we can see the 50 has passed through the 100ema. Very bullish signs. All we need now is for the 50 to pass the 200 has we have the Golden Cross formed.
So a consolidation period now (with a possible pullback to 73/74p area) will set this up nicely to create that Golden Cross and move a lot higher.
Moving higher there are minor resistance levels all the way with 90p being the first followed by 103p, 113p and a stronger resistance at 135p. These imo are just way points for the sp to take a rest and my initial target is going to be between 142p and 150p where there is another gap to fill. From there on, holding depends on how the company is progressing.

Fundamentally the company is cash rich, paying a high dividend, has a low P/E and Income and EPS are set to grow.
Revenues are set to decrease but this is because the company is reducing it's Media side of the business to concentrate more in the US where there can obtain a higher operating margin in a continent that is going through the process of legalising online gambling advertising. So, plenty of room for growth there which in time will filter through to the share price.
For me, while the prospects look good to hold this longer term, I am happy to hold my shares and pick up a high dividend.