The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Threat of cheap Chinese electric vehicles grabbing 40% of market, with intro car a mere 8000 is not doing sp any good.
Brokers at the brokerage firm Jefferies and the banks Barclays and RBC have cut their target price for the stock in response.
Analysts noted that £30bn had been lost from the value of Anglo, since Duncan Wanblad, a company insider, took over as chief executive from longstanding boss Mark Cutifani in April 2022.
Why merger in air ? Sp at depressed levels with diamonds and plat at bottom of cycle. 12/23 Jefferies said Anglo may become “involved in the broader trend of industry consolidation” and suggested Glencore as suitor. Edison mentioned Xstrata’s 2009 merger attempt failed because shareholders had not been offered a premium. Etc et al.
Barclays overweight target 110 seems to be the driver.
Yup it's the NWG share sale.
Thought it would be all over by June but scurrilous rag suggests that sale in June will be for part not whole government holding, with overhang depressing sp ad infinitum ...
Rag rates NWG as Hold, citing uncertainty about who Hey Ho appoints as CEO and changing financial outlook with falling interest rates/NIM. Not all bad, seems NWG will benefit from structural hedge.
If scurrilous rag to be believed ...
Chancellor expected to launch share sale in June to have enough cash to bribe public and win election (help revive investment in the stock market and bolster public finances).
Proposed retail offering is undergoing market research to assess public attitude.
NWG shares were bought at 500p, current price 224p, value £20 bill.
Research group to provide feedback by 31 Jan, final report February 9.
Full steam ahead or emergency stop ?
Quote from Bimbo the Treasury Minister to Bloomburger. Reckons prospects for a retail sale are “looking good”, government is predicting a pickup in listing activity, and NWG sale will help catalyze “animal spirits” in the wider market !