meant market makers make huge profit on buying up shares at 5% lesser than final offer price.
If buy out is there MRS (autocorrect) will also make a huge profit :)
Usually share price goes to about 5% below offer price as MM have to make some money before they lose the stock which was bringing in trading money. This is based on previous take overs like takeda buying out Shire etc.
Many PI will not have patience to wait till the buyout closure date which maybe a month or two down the line pending formalities and will sell at a lower price to move on. The MRS make huge profits on that also.
Billy remember the crystal ball of Glenda I had given link for :)
It said todays share price range was
Min 179 Max 189 Close 184
Tomorrow
Min 184 Max 195 Close 189
So there you are your prediction will be right
Billy I enjoyed the 3rd ODI when Ireland won and got 10 points in the ICXC league for WC2020. Was a real cracker. Lesson for England don't set target of 329 for the Irish as they have got it twice now. first time in 2011 they got 329 to win.
Current test good contest with equally matched team perhaps as both have quality bowlers.
growup some good interesting arguments and view points for a new poster on the board. Really feel your frustration about Glen and its blood sucking vermin board
re your question how we have not been able to find a cure for flu. The simple answer is the bloody nature intelligence of the corona virus to mutate and new strains catching immune system by surprise before antibodies are developed.
Problem with covid-19 is the way it hijacks lung lining to multiply and thereby destroy lungs and organs is a more severe variety due to jump from species unlike the common cold corona.
I sincerely hope for SNG001 inhaler to be effective and used like asthma inhaler to TREAT covid in early stages. Vaccine is no use in hospital and effective vaccine is a year away unless govt push through substandard vaccine. It takes over 6 months to know if vaccine is effective in population after administration. Ethically you can't expose people vaccinated to actual covid on a large scale.
Read this article to understand how vaccines for flu are produced every year. Long article but worthwhile.
The endless hunt for the perfect flu vaccine
https://www.theguardian.com/news/2019/jan/24/endless-hunt-for-the-perfect-influenza-vaccine-flu-jab
Right on Ken. You made the right move bailing out of Glenda with substantial losses from what I recall at 180p levels but made it up with Kaz, Fres. So the theory I see put on BB that if you sell when a share crashes and move money elsewhere you lose is a flawed theory. I bailed out of Glenda much before during the scandal news at 310p levels with profit warning then in April 2019 I think. Had bad experience with PFG and learnt lessons that there is always more skeletons and market sentiment goes South once govt law enforcement agencies get in. Made money moving to SCT , IAG and RSW then. There is money to be made outside mining , oil.
Feel bad for Glenda holders though who hoped for a great rise today. I had posted a few weeks ago that most analysts felt dividend would be withheld. With new team after "Ivan the terrible" leaves sentiment may improve and rebound perhaps swift like FRES did.
Still will say what I said Ken in Feb 2020 few weeks before the crash. Nasdaq and Dow are on cocaine steaming ahead without strong fundamentals to support the rise despite raging covid in many parts of world where there is no end in sight and new lockdowns starting. Come October with flu season starting it WILL be a more difficult scenario. Sad....really sad for the job losses worldwide coming up.
https://www.bbc.co.uk/news/business-53659844
May boost competitors tomorrow
Billy I have never regretted selling a share at my target price even if it went another 20% higher. I learnt a bird in hand is better than two in a bush ( would never hurt a bird) and always leave some on the dinner table for others arriving late.
I got 7% in 2 stocks without major risk in less than 3 weeks (Syn excluded). I could not get any better in such a short span. No stock goes vertical (Fres an exception Ken :)] and will give chance to get back in. Fres at 1325p all got taken.
Delighted for you guys with Glenda what a late afternoon surge it was. If divi declared expect a 10% day with dow closing strong on cocaine. Good luck tomorrow Glenda holders. Hope you have the first 10% day in a while.
Day good to see you cheerful. Ken delighted your investment moving north strong and losses recouped.
After the phenomenal recent rise feel FRES will be range bound. My target was 5 to 8% profit and wait for any fall to pick up again. Will not cross (apologies Ken) 1600p till China opens up and trade war cools and rest of world starts to put figures out like UK did which you posted.
Had bought SCT 2 weeks ago and disposed today for a 7% profit. Has been my strategy for years to lock in gains and wait for next fall. SYN is an exception. Guess you all not into stocks like SCT, CCC, RSW
Good luck all Friday with Glends. Hope it shoots past 200 for ye guys. Might see if it falls to 178 tomorrow(hope not from your investment point of view) as per the crystal ball will pick up for a quick one day punt
Going to sell my FRES ken bought at 1235 and again at 1220 now, as I am happy with the profits as it hit 1325
well gentlemen did not know there was a forecast site regarding daily predicted prices of Glenda akin Nostradamus. Maybe worthwhile checking how true these predictions will be :) going forward
http://poundf.co.uk/glencore-share-price-forecast
synairgen still has a long way to go and is a good small risk pick at 200p.
I remember the time when my investment was down 40% in synairgen at 33p just 3 weeks ago but had done my research thoroughly to be comfortable that it was a matter of patience based on company information and track record.
evking let me post something I posted a good few months ago. I invest based on my strategy and may not be as good as some of you all might have.
I lost my investment in the past holding on to stocks on sentiment that it will recover with gut feeling when it went down or on big scandal news.
I learnt lessons through losses in past 1998 to 2008 when I used to trade american stocks on Datex and TDAmeritrade then. Now UK residents can't trade direct in US. No commissions on trades on TD now.....great for day trading.
I had years where my portfolio was always in deep red as I did not have patience, timed market purchases wrong, sold in panic, never took brave risks. Those 10 years taught me a lot on reflection. I was down by over 200k of life savings. Lost a lot on General motors which went bankrupt and a solar company - first solar.
Thereafter identified few stocks with good fundamentals on ftse and invested and recovered losses. Even on day trade I do lose from time to time but have strict stopsell limit and dont regret when I lose compared to gains.
I got out of glen after the big fall on scandal and lower production news at 310p levels and never looked at Glen. Made some mullah day trading Glen prior to that. If I had held on to that I would have had nother 40% haircut.
Biggest win so far has been Novacyt as I did enough research and went all in (slightly scary february it was). Thereafter have luxury to lose few punts.(update 31/7- bigger win than Novacyt was synairgen) .
I Dont chase a stock......wait for it drop. There is always another day or week or month to make money if you are patient and buy on drops and wait to sell at 5% or 10% on profit. If fundamentals are good I hold for longer term. Sadly we don't have patience with money lying in account and want it to work instantly and buy at just 3 to 5% drop or load up on the way down (bad move in my expetience)
few good Stocks and I made money and recovered last 10 years on
MCRO & BGEO (tripled), IAG, PAYSAFE ( taken over in 2017 but quadrupled my money there big win), SCT and Renishaw after selling paysafe big wins.
Update 31/7 ~ MCRO and BGEO have lost their mojo and will not look at them till Early next February to decide to go back in.
In the midst lost big time also on PFG, Playtec 30%. I sold at the first big drop realising holding on to the shares will take a long time to get back to even 50% of original levels. Better to move to better picks and choices.
Update 31/7 - if I had IAG I would have sold a week ago when rights issue was being spoken. I would have picked it 20 % down rather than hold it.
My pick waiting with patience for 10 to 20% drop with unfortunate inevitable 2nd wave of covid in nov, dec are .....SCT @ 1100p, CCC 1750p, RSW 4400p , CAML 130p, BAE at 460p
Question is patience. I am patient and will
wait as I have learnt the hard way. Better for a 10% gain rather than picking on 3% drop to gain a small %.
SYN has still a long
Concur Ken
Concur. Looks like they will withhold dividend IMO.
Fresnillo did a good reversal.
Ken sold 20% at open for 15 minutes after few attempts for average 1295p when it didn't shoot up after the decent results and divi and opened negative. Dive in silver by £1.5 probably spooked people. Will let rest ride
The rise in Gold and silver especially with their large silver will probably reflect in the results next quarter better.
However they have kept dividend even if small.
Free cash flow of US$242.6m in 1H20 (-US$80.7m in 1H19).
· Strong balance sheet with cash and other liquid funds[3] as at 30 June 2020 of US$514.7m (31 December 2019: $336.6m); net debt/EBITDA of 0.34x[4] (31 December 2019: 0.69)
· Interim dividend of US$16.9m (2.3 US cents per share)
Picked up tidy lot average 1235p today. Same boat as you Ken. Fres has some more charge left to move up. Gold and silver what a run. Last I left Fres was in January after Iran tensions. Did not make profit much then.
or catchup.