RE: Down On A Double Broker Upgrade03 Dec 2019 09:49
The Dow is not a real measure of the U.S. economy you really have to look at the S AND P 500, to get a real better view.
FTSE has now really just become another USD index just as gold has become a USD strength / weakness indicator. Just about all the top divi paying stocks in the FTSE 100 that pay 3 or 4 divis a year pay in USD.
Due to low interest rates the chase for yield has become another holy grail for the pensioners, just as moving into stocks has become a way to pay for pensions that the system cannot afford, I think the whole thing is running out of steam, yields are rising due to prices falling which is dragging in people who (wrong in my view) chase yield.
I do think that the stock market has had its day, the 80s boom and then the investment into it as an alternative to safely putting money into a bank and getting interest has gone, the next time bomb that is being primed and used is the EQUITY RELEASE BOMB, this no doubt will open up another miss selling scandal and / or use money that should be able to be used tomorrow to be squandered today to keep the financial machine churning ever onward devouring all in its path.
Yes, but with that short before last divi and now sentiment from BATS more bullish that's with today's move is going to make that an expensive short IMHO, Plus with a recent BOD buy of £1.5 worth of shares I feel most bad news/risk already factored in, indeed at these prices is IMB a takeover target?
With BATS statement out today we may see some movement to the upside, BATS seem to be much more bullish, price has been moving up accordingly, so why not IMB? Also a director of IMB bought 1.5 million £ worth of stock, therefore he feels confident.
But the capital cost of 3 years ago means you could be down 50 pct, imho there seems to be nothing been done positively by bod or house brokers of this company, why haven't Bats suffered the same? Maybe been pushed down for other reasons? At least they are getting a good price to buy and cancel shares in buyback!
Dividend concerns are fair enough, but new 10 year lows week after week, no point having good divis if your capital is been cut by 30 pct in 3 years.... just wonder why with all the supposed legislation, tax and other issues that our out there for this industry why then is BATS not suffering the same continued share price falls.
So when they took that position there were 949,076,759. shares in issue, so 4,745,383 is about 0.5% therefore with a £0.72p divi they are going to be forking out £3,416,676.00 ish to cover the divi payment ?
They must be either pretty confident or going to close it pretty quick? maybe they think that the Trump / U.S. vaping issues are going to hurt further. Anyone want to check my rough workings and comment what they think …
Usually keep an eye on short positions as they can build quite large positions etc, noticed for the first time a short has been started in IMB ….. Fund % Short Change Date Changed Marshall Wace LLP 0.50 0.00% 30 Oct 2019 Total 0.50%
that's short termism for you, if you look at this on a simple chart over the last 5 years, this is still cheap, the buy point was at about 25 to 26 but I think it could continue to rise up to and around 35