Hi there, just thought I would eat humble pie and congratulate all those who held to these levels - Yanar et al, I got out at 32p but I don't get too hung up a bit of missed profit - although 40% would have been better than 25%! Anyhow, enjoy your profits (if you take them) and have a great Xmas. As a side note, don't you just hate these analysts who now come out with 'Buy' recommendations well after the fact. Where were they when this was 9p!
Yes, you had it far worse than me! Are you looking to get back in here, or are you into other shares at the moment? Yanar, I hope this pays off for you, but it is going to have to be a outstanding trading statement to take this over 40p. Just because we've benefited leading up to statements in the past, doesn't mean it will happen every time. Sorry to be a wet blanket - I'm just a bit cautious - but will not be upset if proved wrong.
After having topped out at 32/33p which seems to be a major resistance level. I can see this drifting down to 25p before Christmas without significant news, where I may consider buying a first tranche, although I still remember the sleepless nights of January 2012 where I bought at 14p and saw it fall to 9p, so may hold off until the January announcement. This share isn't the most exciting day-to-day, but when it moves - it moves! Would appreciate any views from those who are looking for the right buy-in price, and what their trading strategy is on this one.
Queen Elvis/Teutonic, I agree that without any takeover rumours or news this should pull back to 25p support level over the next month or so. I'm not shorting this (still trying to trade out of DOW shorts), but will wait patiently for the pullback on THT. Without divs it could even test 20p again if UK Economy and Retail sales remain weak - but just my opinion. All the best.
Thanks. I got out of TNI after the Interim announcement on 3rd Aug (a bit premature but happy with what I made), but still have a look occasionally. Have been lucky on THT and TNI but it doesn't always go my way - especially taking out some short positions this last week on the indices - ouch at the moment! No doubt Ben Bernanke will do me no favours whatsoever. Good luck with Thorntons, I've noticed that you must be a fan of this share, or love chocolate.
I agree that this stock will continue to recover and reinstate dividends in the future. I'm out now as I can't see a massive move north until the next statement comes out and I'm a short term kind of girl. So good luck to all holders - if you can wait long enough you will make a great return in my opinion.
Interesting, I'll take a look. Thanks for the clarification.
In fairness, the company has probably used financial derivatives to fix in its cocoa costs at least a year in advance, therefore it is more likely that the benefits of lower prices will be reflected in next year's figures.
Thanks for the comment, good luck to you. I'm still not convinced at the moment for an imminent bounce, but long term I think this is a good stock to hold. I'm watching carefully today.
Any views from a TA perspective on this at the moment? My feeling that on fundamentals there is not much to learn that we don't already anticipate, however there could be a spike to 32p on better than expected news. I sold out at 26.5p as I thought this price would give a bit of resistance, but will be watching tomorrow to see if this is likely to pop. There was very low volume today, whereas when we've seen the bounces on the last 2 occasions before previous statements, there was a a bit of a rush to buy shares in the run up to them - this is why I'm a bit wary this time around.
1st half revenue down 4% to £356m from £371m. 1st Half EPS up to 16p vs 13.2p. Y/Y operating profit up 12% to £45.2m. Future reinstatement of dividends will be reviewed on a regular basis.
Up over 10% at moment. With interim results out tomorrow it could be the first significant lift this share has seen in a long time. Got back in at 27.00p a few days ago after deciding to leave this one alone for a while - hope it pays off.
Singer cuts Trinity Mirror PLC to fair value from buy rating, price target now 25p from 71p. I had hoped that by getting shut of Sly Bailey and a couple of the old school editors and then hiring a forward thinking digital player would lift this share price out of the doldrums a little, but it seems we are still stuck around the mid 20s. Good luck everyone, unfortunately I'm out of this one for now.
Check out the Daily mail (article not on website yet). Peter Thornton, the grandson of the original founder has stated that the company is at risk of a foreign takeover by a multi-national such as Cadburys due to the current mis-management of the company. Interesting article.
They are now holding over 11%. I can't help but think this is an undervalued stock at the moment given their strong brand and current efforts to revamp their online platform and close unprofitable retail outlets. There seems to be considerable support around this level at the moment. Will it push down to 15p or rise to 25p this month? I'm in the 25p camp. GLA.