Member Info for CityWatcher

Normally it is sometime during the day that an announcement is made following a very long suspension. Maybe it may be a blue one rather than a red -un.

York firm Abingdon Health that makes lateral flow kits has partnered with Boots to launch the world’s first saliva pregnancy self-test.

It said the product, which will be sold under the retailer’s own brand range, is a new way of testing for pregnancy, and comes after Abingdon launched two Boots-branded self-tests for iron and vitamin D deficiency in March.

The stock rose 10.3 per cent, or 1p, to 10.75p but is way below its peak of nearly 126p in January 2021.

https://www.thisismoney.co.uk/money/markets/article-13422423/MARKET-REPORT-Bumper-blue-chips-send-Footsie-record-high.html?ico=mol_desktop_moneymarkets-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Fmarkets%2Findex.html&_ga=2.227791321.53314587.1715805975-872389035.1641043385&_gl=1*zp4zk*_ga*ODcyMzg5MDM1LjE2NDEwNDMzODU.*_ga_XE0XLFFF16*MTcxNTgwNzgxMy4xMzAuMS4xNzE1ODA3ODQwLjAuMC4w*_ga_GQE6MT7DLZ*MTcxNTgwNzgxMy43LjEuMTcxNTgwNzg0MC4wLjAuMA..

Noticed a large buyer at end of the day. Obviously is following the broker rating on a slightly red day.

https://www.lse.co.uk/ShareBrokerTips.html?shareprice=SAA&share=MC-Saatchi

24-Feb-23 Numis Buy 230.00 270.00 Reiteration

Wonder how long the suspension will last whilst they sort their accounts and try to post results in the near-ish future !

They have given shareholders a chance to retrieve funds, as they now mention existing shareholders could be wiped out.

They have some lucrative contracts, but also a lot of debt & I mean A LOT !

So larger shareholders are likely to sell up quite a few near close today.

Https://www.lse.co.uk/rns/W7L/holdings-in-company-9rxtn7swism977y.html

Also a great forecast with a strong looking graph.

https://walletinvestor.com/lse-stock-forecast/w7l-stock-prediction#google_vignette

The dividend is safe now so look forward to a generous 14.63p - ''Cah - Ching '' & also their latest news should make the sp tick up still.

Warnings that a sharp decline in interest rates will lead to a potential fall in UK bulk annuity volumes are overdone, suggests UBS, which expects Legal & General to be a major beneficiary of the continuing trend.

We expect a key constraint for the industry achieving similar or higher volumes than 2023 over the next 5 years (expectations of £250bn cumulative) will be the ability for insurers to source high-yielding assets.

“Overall, we expect bulk annuity volumes to continue to track at £50bn pa over the next 5 years, with L&G within our coverage likely to take the largest share of the market at c.25%.”

Perhaps their fund raise will take these a wee lower. I'm surprised it has fallen back so quickly after the improved reserves were announced. Maybe most large holders are trimming their investment here. Taking profit etc.

Legal & General Group PLC (LSE:LGEN) and M&G PLC (LSE:MNG) are rated as ‘buys’ amongst the UK’s life insurance market, as analysts at Deutsche Bank highlighted its expectations for growth.

I'm happy with 30p + . Just seen this in today's CITYA.M. on their graph best of the brokers.

''Energy firm Chariot completed the farm out of its offshore Lixus and Rissana licence areas to Energean this morning for $10m. It retains a 30% operated interest in Lixus and 37.5% interest in Rissana. It also confirmed a contract to use the Stena Forth drillship for an appraisal well at Anchois. Analysts at Peel Hunt have rated it a 'BUY' with a target price of 35p.''

This is just the start of a pleasing rerate. Maybe $200m helps.

https://www.proactiveinvestors.co.uk/companies/news/1042732/petrofac-shares-rally-as-it-lands-new-200mln-contract-in-turkmenistan-1042732.html

Notice this seems to be on a downward spiral from it's 45p. Also notice Petrofac appears to be a major oil services company on the rise now. May be due to their news in March being liked by investors as follows. .............................

Petrofac shares rally as it lands new $200m contract in Turkmenistan

Published: 08:46 08 Mar 2024 GMT

https://www.proactiveinvestors.co.uk/companies/news/1042732/petrofac-shares-rally-as-it-lands-new-200mln-contract-in-turkmenistan-1042732.html

I remember pre this encouraging rise just seen the above quote on a message in late March - early April.

So does anyone particularly favour any of the above for the best advice on energy shares.

Any popular brokers to follow, that have been accurate in their forecasts etc ?

We need the best forecast for Pantheon, especially on the funding advice !!

Although still holding and hoping, I do feel that anyone who bought near the top yesterday @ 44p may be disappointed & a trifle concerned. The latest broker target price @ 80p is stated as a speculative buy.

Anyone have any accurate views and figures on how much cash needs raising to support their projects ?

It's obvious they will try soon as the share price is higher, and maybe a placing at 27.5p perhaps to tempt large private investors. Up would go the tvr and the sp would be falling back again. This company may return big money to it's shareholders, but it won't be for some years !

Remember the previous right's issue gave no time to qualify for the shares. Just as well ! The Royal Mail Post, hardly call it Royal, more like Lousy Mail Post, even using 1st class signed for. But thankfully I was done a favour as my form and cheque arrived too late. Lol.

Appreciate today's further rise, however owing to the amount of shares & all the last 6 months of investing won't last much longer as their consolidation after it had been £15 makes it most unusual to reach any price near £5. There might well be much selling of Rolls Royce soon. Big sells and big profits to large holders, hence 'Be Careful'

Maybe this could be why there seems to have been a lot of sudden selling. For it reached a nice price around 10.00 today.

PANR forecast for the upcoming days

Date Price Min Price Max Price

2024-04-09 32.491 30.423 34.576

2024-04-10 33.095 30.887 35.223

2024-04-11 33.399 31.243 35.645

2024-04-12 34.109 31.906 36.379

2024-04-15 34.679 32.419 36.894

2024-04-16 33.298 31.115 35.555

2024-04-17 33.901 31.658 36.046

2024-04-18 34.206 31.861 36.307

2024-04-19 34.915 32.614 36.946

2024-04-22 35.485 33.134 37.632

https://walletinvestor.com/lse-stock-forecast/panr-stock-prediction#google_vignette

Their results were very pleasing and now investors are wanting to ensure they qualify for the 4.37p dividend that is proposed, going ex div. on April 25th, hence the buying today and most likely all this week. Nice graph of recovery still due.

I'm concerned about whether they have risen too quick. Are any funds still needing to be raised ? Is this more a long term hold to make a good profit. As it was up 8.5% earlier there seems to be profit-taking going on.

There has been a strong rise in April, but viewing their 3 month graph, maybe larger investors are nervous and want to lock in some profit.

Just can't believe I missed out earlier on a golden opportunity at around 6p. Annoyingly it was also pay day and I definitely would have done another top up. Will there be another golden opportunity with Genedrive ? I doubt it, especially if they release more positive news in the next fortnight.

Could get to +80% at least on the day .