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This might be a reason why the SP doesn't go higher, on top of being last day of the month (a lot of profit taking), https://uk.investing.com/news/stock-market-news/ba-owner-iag-gives-positive-2024-outlook-on-sustained-travel-demand-3359043
I read it on Pfc chat. Enq is on their list.
https://app2.msci.com/eqb/gimi/stdindex/MSCI_Feb24_MicroPublicList.pdf
“ The Morgan Stanley Capital International (MSCI) indices are widely tracked by passive funds and any inclusion of stocks or increase in weightage of stocks in these global indices are expected to lead to inflows from passive funds tracking these indexes.”
“ Once a stock is added to the index, it is argued, demand will increase dramatically—and along with it the share price—as institutional investors rebalance their portfolios. And as long as that demand continues, so will the stock's price premium .”
Thanks to LougeLizard1
Detailed:
Dear Customer,
Royal Mail (LSE: RMG) has a new RNS.
By Tom Teodorczuk
Of Financial News
Hedge funds are boosting their short bets on Royal Mail PLC, which has suffered a series of setbacks this year culminating in the shock departure of the chief executive.
Some big-name asset managers have also piled in. BlackRock and Pictet joined hedge funds Egerton Capital and Adelphi Capital in building up short bets against Royal Mail, according to the Financial Conduct Authority's register of short positions. The regulator follows many European watchdogs in disclosing positions that make up more than 0.5% of a listed company's outstanding shares.
BlackRock increased its position in Royal Mail to 2.8% on Monday, days after the departure of the company Chief Executive Rico Back. In the past week, Swiss-based Pictet followed suit, more than doubling its short position to nearly 1%. Egerton Capital, one of London's most successful stock-picking hedge funds, increased its short position to 0.7%.
London-based hedge fund Adelphi Capital has steadily increased its short position in Royal Mail in the past two months and it now stands at 2%. US-based Lucerne Capital Management has also recently built a short position in Royal Mail.
Shares in Royal Mail have fallen over 25% since the start of the year, trading at 172.3 pence at Wednesday's market close. But they have rallied since March and, in contrast to the flurry in short-selling of the company this week, other hedge funds are betting that the company's short-term struggles have peaked.
Royal Mail, which was privatized by the government in 2013 and fully taken out of state control two years later, has been hit by a series of setbacks. Rico Back, Royal Mail chief executive, departed the company last week after less than two years in the position following lingering unrest, most recently over the fact that the coronavirus outbreak meant he was working from his home in Switzerland.
Royal Mail reported a drop in revenues of 22 million pounds ($26.9 million) in March with the number of letters being sent decreasing by 33%, although parcel volumes rose by 31%. The company was also hit by staff walkouts last month over employee concern over a perceived lack of personal protective equipment to combat Covid-19.
GLG Partners, the discretionary trading subsidiary of Man Group, the world's largest listed hedge fund manager, and JPMorgan Asset Management have reduced their short positions in Royal Mail over the course of the past fortnight.
Short-sellers profit by borrowing a stock and selling it in the hope of buying it back later at a reduced price, profiting from the difference. The practice is commonplace but draws criticism, especially in times of market turmoil. Detractors of short-selling see it as capitalizing on the financial losses incurred by companies experiencing economic underperformance while its advocates argue it exposes underperforming companies and is a market
Looks like the price will go up with 8p tommorow:
Dear Customer,
Royal Bank of Scotland Group (LSE: RBS) has a new RNS.
TIDMRBS
RNS Number : 4132I
FTSE Russell
01 April 2020
Royal Bank of Scotland Group (UK): Cancellation of Special Dividend
Informative Notice
01 April 2020
Following the announcement by Royal Bank of Scotland Group (UK, B7T7721, GEIS Large Cap, FTSE
100) regarding the cancellation of its final ordinary dividend and special dividend (with
a declared ex-date 26 March 2020), FTSE Russell confirms that a negative special dividend
of 5p and a negative final ordinary dividend of 3p will be applied in FTSE Russell indexes
after close today (i.e. effective Thursday 02 April 2020).
For further information please contact FTSE Russell Client Services at info@ftserussell.com
or call: Australia +1800 653 680
Hong Kong +852 2164 3333
Japan +81 3 4563 6346
London +44 (0) 20 7866 1810
New York +1866 551 0617
Alternatively please visit our website at www.ftserussell.com
Terms of Use | Copyright (c) 2020 FTSE Russell
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
FTSIBMMTMTTMBLM
(END) Dow Jones Newswires
April 01, 2020 06:34 ET (10:34 GMT)
lifted, sorry
If they will do a detailed update, which I hope, I think it will be good news, because since last statement we had a very busy Black Friday and Christmas time, and Elections lift up the mails a bit. Hope the market will react positively this time . But this is only my newbie view. Good weekend everyone.
Good morning all, Allow me to remind you about the third type of results. So, we can have good news hopefully, bad news and no news under the message "everything is in line with our expectations" like they did last year with no big move to the SP
I don't like brokers views either, but I noticed in RMG case that SP is sensitive when a broker downgrades .
One reason can be the downgrade from Bernstein, while most of the UK market being down today
5G spectrum auction in Germany this month can influence SP (hopefully upwards) :
https://www.thisismoney.co.uk/money/investing/article-6787941/Dividend-holds-key-Vodafone-revival-Investors-feel-pain-stock-languishes-9-year-lows.html