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I think the drop in SP gives a fair assessment of what investors generally think about the update. With the solid financial position AV are in, this could and should have been a platform for a much higher SP today. At these prices, who'd blame anyone making a takeover offer.
Oil shares all dropping today, BP, RDSB, not just TLW. Remember, we've had some good rises recently across the board on the oil front so not surprised by the pullback today or the current TLW wobble, and who knows what manipulators / shorters are up to to protect their positions as we speak. My intentions are to hold, hope the situation steadies with TLW over the next day or so,and then watch it slowly continue to rise until the shorters start to feel the heat.
Wasn't it 'Rusty Bucket' ?
God forbid EZJ needs another shot of finance so soon after the last one?.
REUTERS: Britain's easyJet EZJ.L said the date of its full-year results was not confirmed, having previously said they would be published on 17 November before new lockdowns across Europe led to a deepening of the COVID-19 crisis for airlines.
“The date of reporting our full-year results is not currently confirmed. We will update the market once a date has been confirmed,” an easyJet spokeswoman told Reuters on Monday.
Nothing surprising really about a little 'extra fall' in the SP and should start to pull this back in the next couple of weeks -to-month with a bit of luck.
GOLDMAN RAISES SSE PRICE TARGET TO 1536 (1483) PENCE - 'BUY' ........ hopefully a good indication of confidence in SSE.
Yeah, 56p. Payment date 18th. September.
Fully agree, my strategy is very similar. Could do a lot worse than hold SEE during current times where interest rates will stay low for quite some time and many companies have cut or reduced their dividends. I'd expect pension funds et al to be snapping up these shares.
Today's fall is in keeping with the power generation sector falls happening in the FTSE today and is just part of the ups and downs to be expected in the current climate. I added this morning at £11.60. I don't expect to see too many more chances to add at these levels unless a 2nd wave of the virus hits us.
I'm 100% convinced they're accumulating, which is a good thing for the SP.
The stock is raring to go north and is only being held down by the MMs at the minute, imho.
Hope I'm not speaking too soon, but I think the SP has now bottomed, in which case a very good time to consider topping up.
Yeah indeed and a bigger share rise than I expected in one day, let's hope it doesn't drop away too much before end of trading as it frequently does.
The SP is clearly being manipulated. Significantly more 'buys' than 'Sell's but price falls. I 'd hazard a guess this is the MMs playing their little games.
At the present time I think your view on lowest SP at 75-80p is about right and I'll be buying if it goes below 80p. Because of CNE's price hedging and lack of appreciable debt, the share's held up well really given what's been going on of late. The only unknown for me though is what happens when (non-US oil) storage reaches capacity, which it undoubtedly will. And, even when a semblance of normality returns to the world, that's one huge glut of oil in storage which will hold POO down for an appreciable time, months and months !.
Love this stock, wish I could afford more SSE shares, there's good money to be made medium term IMO.
Some nice large share buys 'after hours' on Friday, maybe a pre-cursor to the SP moving a little higher?.
Typo ....... for 'Part' read 'Party' ....... Party time !!!!!!! Yeeehaw !.
Brent (at around $28) is currently way outperforming WTI (under $18) on price, which has to be good for CNE. Part time for Saudi Arabia and Russia,who are much smarter than the idiot Trump.
To be fair, the dividend was cancelled under duress. Insurance companies planned to make these payments but had their arms twisted by the financial authorities and had little choice but to comply under the circumstances. Of course it seems unfair but it's a 'once in a generation' event and people are dying which, for me, puts it into perspective. I agree that there will inevitably be a hit on profits but I also see premiums rising across the industry as a consequence of claims and this will (in time) result in greater income and good levels of dividends for the future. As for the SP, I believe (hope !!!!) that it will gradually rise back to its previous levels as the FTSE recovers. All in my opinion, of course.
I've bought in over the last week and agree it's at a good buying price. It may drop a little more, like all shares probably will, but all the fundamentals are sound and insurance should be one of the more robust stocks going into this crisis. They're pretty much guaranteed to keep funds coming in from existing and new policies and seem to be reasonably safe from any possible big hits caused by coronavirus claims. I wouldn't even be surprised at the possibility of a special divi at some point in the foreseeable future.