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Auson, are you still happy you sold out of this company, taking a quick profit? I wish I had hung on to my 80% holding now.......but at least I am enjoying a nice profit in the remaining 20%. I think these shares have further to go......they have hit their bottom at the unbelievable price of around £2.25. The Directors have got back in and what price did Pheonix pay for their holding? I think it was around £6.75 So I predict that we will see those levels again. in the short term, £5.50p for sure!!
Looks like my prediction of a £4.00 -£4.50 share price is to be realized sooner than I thought. Thank goodness I kept my remaining 20% of initial investment. I'm not wiser as to the reason for the sudden rise accept that this share was looking oversold. And it has quite a niche in a somewhat predictable market.....dying will never go out of fashion!
IF these shares are so good, why are the directors only selling and not buying the shares?
On a positive note..........sometimes there is value in being counterintuitive. How many times have I felt deeply that a share was a loser and avoided it only to see one morning a huge unexpected rise?! One thing I must say, is that at least the Directors are consistently buying at these levels.......that is not a bad sign. If only this company can remain solvent....we all know it has massive turnaround potential. When that happens, it will be massive!!! This is a potential 10 banger if there ever was one......but the sector is out of fashion.......and we have a difficult two years ahead.
I am not suggesting that the 50-60p price will be reached next week. But by the end of this year most likely. I did notice that someone is very confident about this share short term, as there was a buy at the close of business on Friday of over 1 million shares. This share has been behaving in such an erratic way, a rise is not out of the question.
As long as ITV does not go bust, it can certainly be a good investment. Its durability as a company has been proved. It is also a good and long established company and in time it could attract a bidder......its just a question of when to buy. I personally want to sleep at night. I do not relish nursing big losses during what may be a long depression. I may dip my toe in when they get to 40p
There was a gut wrenching blip in the price of these shares back in March which was very sobering. It just goes to show that even a solid, well run company, with large holdings in gold can still lose money when a panic is on. It may happen again! However, if it does, I will certainly load up on some of these shares!
Yes I agree, predicting the way this share is going has been impossible, because the share price, as with many other companies, is completely disconnected to the fundamentals. This is what is so deceptive and so frightening about the stock market at the moment. But at the end of the day, it is solid profits that win through! Holding US stocks has been very profitable up until now, because the dollar had been stronger than the pound, but once that goes into reverse, there will be trouble ahead, as with BATS. They are a solid company, but I would not feel comfortable holding them right now either.
As a long term holder, I very much hope I am wrong, but I would not be surprised to see these shares go to 4p in the near future. Its absolutely madness considering the huge amount of oil this company is sitting on, but I fear things will get worse before they get better. I'm almost past caring. Better to just shove the shares in a draw and forget them for a couple of years!
I see these dropping to £2.50 short term. Long term they will come good.......but not for a year or two.
I've seen all these high hopes of making a fortune in the USA before......a lot of UK firms who pin their hopes on the USA get their fingers badly burned. Often its all a matter of timing. Now is not the time. The USA is facing huge problems, a deep depression, mass unemployment and a much weaker dollar. That will severely affect profits. I also see a head an shoulder pattern on the charts. Short term these shares could go to 60-50p.
Looking at the charts and considering the bear market we are entering, I think these shares, rightly or wrongly are heading for 80p I have a small holding going from way back. I intend to wait before buying any more.
These shares are heading for 50p short term. I was once a holder.....I saw them go as low as 20p in the last major downturn. Sure they will recover eventually. I hoped for a takeover at the last downturn. I think someone in Italy were the favourites at the time to take them over, but it never happened. As we are about to enter a really bad recession, I think these shares have further to fall.
I just sold 80% of my holding and grabbed a nice profit. That's never a bad thing to do. The rest of my shares are now at a very low cost average and I can just sit back and watch the fun. Somehow I sense they will indeed go to £4.00 to £4.50 in the next few months.........but who cares? My profit will go some way to getting me a nice business class flight to Bali.
Auson, well done! I wish I had done the same......and I probably would have done if Id got out of bed early enough to catch £3.40. I fear these markets are very treacherous and volatile.
I still think that these shares may have turned a corner. And they were looking over sold. But anything could happen in these markets.
I am proud to declare that for the first time ever I have bought in to Dignity at £2.99 I'm already in profit, which has cheered me up no end. I think short term this could go to £3.50 and maybe even £4.00 Despite the virus and people swapping to cheaper funerals, the company does have a large market share. And the funeral business is probably one of the safest money earners for the long term. It will be nice when they start paying a dividend, but they have always been a bit stingy even when the shares were £26. But they have expended the business. I have also noticed that the Directors have begun buying again.
Why have there been no broker ratings on this share since August 2019????