The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
If a deal looks too good to be true it usually is, which is why I haven't bought Plus to pocket the 50p a share. Holders on that bb believe that if the deal fails their shares will go back up again to the frothy heights they were at before. But then if big players believed that, the gap would close, Israeli tax notwithstanding.
350k gone thru at 73.6. Hmm Buy on rumour sell on result?
Wouldn't be surprised to see ptec sp rise if Plus500 falls through. Regulatory issues that gave rise to Plus500 selling out on the cheap may be tough to fix without damaging the business model. Just my thoughts. Plus 500 still trading way below the offer price...
I was in TW too but looking at the numbers there looks to be better value in the sector. Telford, bovis,Berkeley for example. Tw is active in Spain which is depressed and in the US where builders are over rated. I like Telford's focus on Stratford east London. But we will each come to different conclusions of course.
V encouraging but sp muted. Much priced in already. Consented plots down y on y? Just timing I guess...
Ah, so is Thursday the new nominated Results day - subject to delay?
This looks seriously undervalued by any measure - pe of 5.9 etc etc but ignored on all BB's, IC etc?? Very terse commentary with the accounts from the company. 75% stock held by Gallaher. Maybe many Pi's feel it is too tightly held, but hard for me to see the downside ??
I understand the momentum/management arguments but if tw and crst have run up so far, there is an argument to switch to TEF and BVS, surely, to benefit from their catch-up?
Was going to double up here until delayed results with very late flimsy excuse. Others here will like this sector. All suggestions for alternatives offering better value will be read with interest Thanks and gla
Falling knife. Yeah, I would love to think it might double in a year but that's a big ask. Breaking USA is long haul. Not only FDA but displacing existing suppliers in conservatively run health facilities. Not an easy sell. Stock market goes up and down like an umbrella as we all know. And spreads/dealing costs not prohibitive. So I like to bank profit and look to get back in lower. May not happen. I have been wrong before. Often! Gla
I think this is a great little company but has run up fast so maybe not so much to go for now short-term. Just got out at 123p,up 64% in a year. As Rothschild famously said, you never get poor taking a profit. So maybe I will miss the top but I will keep watching and look to get back in if it dips. Gla.
Yes I agree. And I like their new deal for customers to check their luggage at the hotel and not see again until back in uk. Small thing that earns loyalty because unique so far I think. And if dtg sense oil going up, they are smart enough to buy forward. Chairman has almost £200m invested so his objectives line up with shareholders. I have been in and out of dtg and loading up again today. More upside than down IMHO. Dyor and gla!
If the deal goes through and you buy plus now,you get into ptec at 10% discount!
Not convinced. Good argument put forward for the short term but why was it sold out cheap at 400p, -- if it goes through?. Regulatory clouds on the horizon maybe.. The SP is not so much a function of short run financials as it is of investors belief in the longer run potential. If holders and others thought it was a good long run bet whether the deal fails or not they would be buying and pushing the SP closer to the 400p takeout. ..
Doesn't compute! If the smart money has it down 10% in case the deal falls through then why will it go up?? If it fails it will underline the emerging regulatory issues and my guess is it will drop the sp. I suspect its already being shorted because of the delay and Ava fail/pause at ptec. Still seems a gamble to buy in now. Potential falling knife...
Thanks. Good link. Last weeks 3% drop looks odd now! Interesting that they plan to access USA but that will need patience and perseverance. Maybe a few profit takers today but not much downside in my view until the next move up...
Just contemplating if buying in now may be a cheap route into ptec, if the deal goes forward. The price charts before the ptec 400p offer show Plus500 at far higher prices but with increasing negative attention from financial regulators. And I believe that Odey holds about 20% and opposed the deal. So mixed messages as to what plus500 might look like if the deal fails. But priced so far below the 400p takeout suggest many think it will fail, and the price will drop. Hmm. Maybe too much of a gamble... All views welcome.
3% down today in a strongly rising market? Prelims out on 12 October. Hmmm. Something leaked maybe....