Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
My guess is that the markets are getting a bit more jittery as the realisation that the May election seems increasingly likely to result in parliamentary chaos sets in. This won't be helped by a bit of 'arrrggh the ftse has hit a record high - I don't want to invest at the top' paranoia. A general mood of increasing bearishness will (if it transpires, as I think it probably will over the next few weeks) impact on buy volumes in general, causing many shares to drift downwards in the absence of a particular reason for them to rise. However... leaving aside the various medium-term positives which apply in any case to INL, and ignoring the fact that their forthcoming interim results are likely to be pretty good, consider this - the house building sector is one industry which surely has little to fear from a change of government regardless of its colour. Like motherhood and apple pie, building new houses is universally held to be a positive right now. So short term market trends aside, prospects look good for INL. It's always frustrating of course to miss a potential day trading opportunity after the event - if only I had foreseen this I would have sold on Friday and bought back in today for a nice little profit. But of course that's only like retrospectively picking the winner in a horse race after the race has been run - easy with hindsight!
I'm not seeing the huge spread you speak of - the spread is currently 0.10% (ie much less than half a percent). The rest of what you say makes sense. I think Woodford bought into this company recently for his fund, and it has also been rated as a 'hold' recently by Questor in the Telegraph (for what that's worth). Hopefully the SP will start heading northwards sooner or later, but I'm very glad I didn't buy into this share at the 1400 plus level that it was at in early 2014...
You can't have jam every day! ;-)
Yep. Ignore me...
Karoo investment fund agrees with you and has just more or less doubled its substantial holding in Inland - see RNS
Plenty of brokers still strongly rating this share as a buy.
Indeed yes, most agreeable. Hope to see the rise sustained, looking forward to those results
Yep, last thing I want to do is de-ramp this share, but £15 targets strike me as utter nonsense and make me wonder what sort of credentials the people making them actually have. My guess is that if the FTSE does OK over time then the SP will drift up with it, but I can't see it outperforming the market any time soon. But then what do I know?
the first date coincides very closely with the date when I bought in...
contract wins over the last few months and barely any increase in the SP, then they lose out on one contract and bang - 5% plus fall. Blinking markets!
Yep good strong rise today, hopefully just the beginning as the SP starts to converge with its true value. Would be nice to see 60 well and truly left behind in the coming weeks. Bring on those interim results!
I like seeing words like 'strong', 'rocketed', 'promising' and 'significant upside' in an article about a company whose shares I hold!
Analysts and markets very bullish on the housebuilding sector's prospects right now based on recent performance and anticipated future market conditions. Just look at recent stellar results turned in by Redrow, Galliford Try etc, also Taylor Wimpey SP performance. Always worrying when a share you hold drifts down and remains in the doldrums in spite of your hopes for it, but short of company-specific problems like mis-management (see Tesco) this share still looks to have good potential for growth. Investors looking to benefit from further strong performance in the house building sector will surely alight on this undervalued share sooner or later and jump on board. Positive sentiment for the sector as a whole, plus strong interim results when they come in March, should do the trick IMO. Patience!
Ah - thanks. Hadn't found that info. Explains it. Yay... Mind you markets are so sensitive - this sort of set-back must surely be pretty routine for a company like BAB, you win some you lose some. My understanding is that they have a pretty full orderbook regardless. I'm sure it'll quickly recover - if I had a spare few grand I'd buy some right now and make myself an easy 5% return in the space of a week or so. Probably.
Anyone know why the SP has just suddenly taken such a hiding?
Nice big y-on-y jump in unit completions and good forward pipeline. Seems like an oversight not to have qualified the sizeable decrease in average unit price though. Seems like everyone wants some this morning - perhaps this dog will have his day some time soon.
Some nice juicy buys this afternoon, but one very sizeable sell (100,000 shares) as someone presumably loses patience...
Well up today, but this time last year they were trading at over 1400 pence…
Automated stop loss orders are the tree-shaker's best friend! Generally much better to use price alerts (if you need to), and then make the decision as to whether to hold or sell - and if the latter when to sell - yourself based on your own knowledge and research.
Well, speaking hypothetically, if I were a MM and I was anticipating an upcoming rise in the SP (eg due to expected positive news from the company, or just because it's overdue in the current market conditions) then I might be tempted to engage in a bit of tree-shaking if I could to maximise my profits. Just sayin'...