The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Jansen pushed hard for the extension to tax relief to be made permanent along with other business leaders and Hunt has delivered - Jansen knows full well the benefit this will give to the bottom line - 122p will look daft in a few weeks time after the dust has settled here - I will be adding to my holding accordingly
gla dyor etc
Tax relief on investment just dropped in the Chancellor speach - kerching
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According to the Marks financial website this goes ex dividend today so in theory the share price should fall by 1p - it is currently up 2p as I am typing - a sign of just how strong this share is right now - follow the money
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Opened down but I think the results will propel the share up once the trading update has been digested - lets see
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Agree with Caspinos - this deal brings in a whole new ball game - pharma distribution is absolutely massive - glad I held onto some of my holding - I think when the dust settles here and the significance of this announcement is realised OCDO will move north pdq
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The UK inflation figures dropped at 4.6pct this morning, the percentage rise in pensions for April 2024 is expected to be 8.5pct which is a net gain of 3.9pct - the best thing about this is that it is going to people who traditionally shop at Marks - inflation overall is now less than wage growth - all in time for Christmas - the trading update in January will be spectacular - follow the money.
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Some lovely inflations numbers dropped this morning for the UK - more good news for MCG and other downtrodden UK stocks - another blue day here methinks
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Big rerate coming :) - not exactly Jeff - US CPI figures just dropped and were better than expected so a positive read through for MCG as they are in the process of selling an American business - better to sell in an improving economic backdrop than sell into a weakening one - if the american economy keeps improving it could also draw other bidders in for the american business one never knows (now that WOULD make MCG go north big style)
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Tend to agree with Jed here - foreign takeovers that are a threat to National Security are and will be prohibited as a result of the National Security and Investment Act -2021 - Communications is a mandatory notification which is why the Vodafone/3 merger is being looked at - difficult to see a case though for ITV to be looked at in terms of National Security
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Trading update on Thursday and I am expecting further progress following the excellent set of results a few weeks ago when the share price rose to 115p - looking for a return to this price on Thursday - lets see
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Toffee - this is exactly why I did not sell on results - I can see the potential here with momentum loaded positively on MKS just prior to the most important time of the year for retailers, when the most money is made - Cheryl can obviously see the same - that is a sizeable buy at what many punters would say is the short term peak in the share price - those in the know know - follow the money
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BAE results this morning - very positive - should be a good read through and a blue days for the mighty RR -
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Added at 59.9p - the mcap here is 2.43b - Citibank valued ITV Studios alone at up to 3b last year - the value will be realised here one way or another and in the meantime I will bank the divi and reinvest
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Just want to say a big well done to all the lth's on here - I did say the results would be good and they were and then some - I expect there will be profit taking, maybe a retrace in the coming weeks but personally I will not be selling - the recovery story here has only just begun imo - Marks now has momentum with old Debenham stores being taken over just in time for Christmas I expect record profits - bring it on
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Blackgold - "M&S are on my watch list and I will continue to talk ill of M&S until they pull that dreadful ad." - do you honestly believe that anything you say will affect the share price, seriously ? - you are deluded -
Expect BOE to keep ratest on hold today imo - UK lenders are now reducing rates - and inflation is coming down pdq - a good scenario for oversold UK stocks - funds are slowly but surely waking up to this - should be a good day here - lets see
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Have to say I am pleasantly surprised and pleased with these results - beating analysts estimates and you can't ask more than that - bought a few back this morning to add to my holding -
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It is just a bit of fun GS - FFS lighten up man
"For those who haven't seen their anti-christian, anti-christmas advert, go to M&S twitter and click on it - it is truly appalling. " - Chip paper
Toffee - I said in my email on the 27th that Next will be a good guideline in terms of if recent clothing sales have been impacted by unseasonably warm weather, - this appears not to be the case so MKS ticking up on the back of this - I added to my holding here at 216p in anticipation of the shares being bought back before results day on the 8th - fingers crossed this will play out
gl dyor etc