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not saying it's a rule, but quite often time-frame between ShareSave maturity and End of Year Financial reports and related messages experience low prices. So, employees, who do not check prices, sell at current. On the other hand, volumes probably are too low to affect market prices anyway.
Dunno, just guessing, coincidence.
Hi ck81,
By "big players" I actually meant guys who just moves aroud half-millions/million shares around couple times par day.
But do not know. Just this way share will slide to 44s, 43s and after couple weeks will jump to 47-48 after report.
PFD's problem is, big players do not have it (in decent amounts) :D
Low volumes, sorry, but low quality traders, too, as well as negative sentiment - so, no one keeps price steady, no stable (inert?) trends, and price automatically sinks when simple folks just try to fix gains/take profit or they get scared from overall market situation. No big rises possible, if daily trading volume is only couple millions max.
I do not get this share business. I assume, sales are from people who put "stop loss" at 5-7.5%? But where is profit from this? Everyone who topped up at sub-30s already took profit at 50% or greedy ones wait for 70-75%, so sales are from chaps who bought @40s? Who did not use daily swings? Why to sell now?
no divis this year, reduction of debt, some capex like stuff and marketing (when sales will start to calm down).
If sales keep like this, there will be loads of money at the end of year, but still, they stated debt priority over divs.
Who cares about cakes, looks like half of the ill folks are on the Ambrosia Rice /Semolina/Tapioca. Catering service - on Ambrosia custard. Demand keeps growing and factory works on 100%, warehouses empty.
Twitter stars are spooning custard strigt from the cans.
>30% growth in a week, people need to fix/cash in earnings, so obviously - price correction period follows, before impulse continues. People neeed to sell old stuff and buy fresh lot, no need to be greedy (like me) and wait to see, will it be 50%+ before annual report comes out.
Come on, people, huge increase of sales and empty warehouses already was reported couple weeks ago and that includes mainly jarred/canned/potted food as well as flour/bread and cakes, but not at so great extent.
Rumor is outdated. Having another X-mas sales on the list, PFD could not hope for more.
Hi Castletogo,
If you are in UK, using UK accounts - divi will be auto-converted to £, reinvest will also happen in £. If you are using $ account to get divi, reinvest will happen in £ and convertions will happen automatically.
don't think so, extra income could reduce debt by 5% (2.5? 10? pure speculation) instantly or give 1 - 2 p/share. One would get saving by reducing debt mainenance costs while other would send share sky-high.
1st option feels like they can contiue as they do already.
re: "Markets going to be very red today"
Oh, yeah!
Absolutely in rage that LLOY decided to scrap MY dividends and just has "pressure on THEIR bonuses". Why, da heck, they need bonuses?
PFD is not very resistant to market swings. Remember, people do not trust PFD in long term, yet. Could be top-up day.
1. there had been a little "inside" cheerful update from Operations Director for emplyees. Not sure, does in counts as "insider info".
2. Markets are in panic mode, you can not get predictable outcome if you release info now. So, there could be delay or "good news shower". Push would be in 30s, but will it reach 50.? 45-50p was last year's predictions.
3. Not like I suspect manipulation or something, but January's peak was exactly week before you could sell sharesave stocks. What I suspect, people kept selling shares even in February when it was not profitable anymore. Probably, there came loads and loads of sales which could not give answer on "Why now?"