the whole buy / sell notification is a joke, the market systems can tell you immediately if trades are sales/jokes, the only reason it doesn't is because those in power want to be able to manipulate prices and hide behind the "guess" or false reporting of sell vs buy
I had originally planned to take a small position at 140, but opted to wait and see a little as it seemed to be in a slow, but definite downward trend, i'm considering 137 at the moment, but it's hard to see where this is going, I fully expect i wont buy in at the bottom, it's almost impossible to pick the bottom.
mention of the dividend earlier was interesting, I'd assumed the dividend, like many others was suspended during covid, where if any furlough or assistance was received then it must be suspended, has anyone seen anything relating to palns to re-introduce it ?
yawn... progressing, hoping, talking, all good words, but all well over used now, recapitalisation as they put it, shafted longer term holders right royally deep-dick style, i'll be lucky if i see back 50% of the money i threw down this drain
Dividends are becoming almost pointless, with many many shares not rising into the ex-divi date, and then falling a higher percentage, some nearly double int he days/week following the ex-divi date, making it almost pointless to hold, even solid performers like LGEN have been the same. That said, this is very nearly at the price I flagged as a possible entry point for me.
as for your agency drivers comments, yes, after all internal possibilities are exhausted then I think external is the way to go, But I would expect (and rightly so) that the union ensures those possibilities are exhausted first. Also the union has got to see the pattern, as soon as a union negotiation is mentioned, the market expects the worst and the price falls, to everyones detriment
"Crystal Do you think the Union will stand by and watch their members getting paid less than external drivers because they are contracted?"
No, I suspect they would like to re-negotiate some sort of deal, however, having kicked and screamed in the past and forced lengthy and costly legal proceedings, I suspect that the agreements that both parties entered into are pretty loophole free... and as such the unions have likely tied their own hands a little, I would however expect to see overtime and payments etc be prioritised for existing drivers before they draft in externals, that said the other option would be to take the overspill not capable of being handled and contract the entire task out, but I suspect the union has that option nailed shut so the business is unable to survive without them, like i've said in the past, unions have a place, unfortunately some have gotten too big and are controlling too muhc.
But, this is not union caused issue, this is different, because, lets face it, if they have a shortage of drivers, and you'd like to blame brexit etc etc etc... then it's not contracted drivers they've lost but likely external temp drivers.
AngerSharkz - you have some points, particularily about coparing three year different markets, but one constant is there, this is not a cheap business to be in, much like Merlin Entertainments when they floated, it's a VERY HIGH cash burn operation, it takes a lot of re-investment to even maintain and improve costs more, letters are a dwindling business, however they are a vital one to the consumer. Parcels are the way forward needing infrastructure and management changes, and as we all know, RMG like many once state run businesses are massively top heavy in regards to the workforce. So whilst the business has changed, the reasons for the cyclic SP will also adjust and most liekly cause the same sot of behaviour, recovery I don't think is in question, but you do have to question why it was unable to sustain that 600 mark..... manipulation or other reasons.
"When this went public the general public had cheques returned as it was oversubscribed (I was one of them)" yeah me too, I got the standard allotment, then bought more right away a couple of times, held ofr a while then topped up when it was lower by a bit, but at that time the dividends were what made the difference for me, the second holding, I bought back in too fast, but again, call me stubourn/stupid i was happy to hold through the lows carrying the debt until it came good.
and yes, the institutional investers should have been penalised heavily for causing that plummet, along with shorters they are the ones i despise the most, claiming they make markets stable blah blah blah, when in reality they are driven by algorithms that dont care how unstable the market is provided they hit their percentages, and as you said manipulate the prices quite blatantly
Whilst I have no doubt that the market as a whole is constantly being manipulated and played like a fiddle by those with big money, I've sold this twice now at just shy of 600 and watched the cycle of it drifting down over the months between, and as such this slide is of no surprise, last time it went lower than I expected and even at my low(ish) avg i was well under water for a while. So the question really should be, when will it be manipulated around the corner and start to recover, personally I saw someone mention 370 earlier in the thread, so there's a starting point that would not surprise me
not the best results i've ever seen, but i guess if you lockdown idiots then less legal claims and accident compensation claims are going to be a side affect, in addition to massively reduced cars on the road through the pandemic goes without saying a lot less RTAs..... at least we made a little money and reduced some of the debt
the slower than expected recovery is however worrying.
if it dips below 40p I might have to avg down, because right now i'm a long way under water