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Ducksoup - anticipation of...
well it's headed in the right direction this afternoon anyway, more of the same please!
Can't work out whether it's the planning setback or the spiteful and vindictive behaviour of the chief exec which has hit the SP
No amount of good news seems to push the SP up at the moment. And no apparent benefits from the 'QE bonanza' either... sigh...
...that said though... ffs, come on!
Agree. Quite a few buyers finding it hard to resist this morning at this price. TBH if I had the spare cash I'd join them. 55p for a share in a company with a sum-of-parts valuation of up to 100p per share, in a market where that valuation should be maintained. Seems a no-brainer to me...
Hmmm, search me. An alarming slide when so many other shares are going up at the mo. No unexpected bad news coming out of the company that I'm aware of. I can only conclude that this share is being widely sold by investors who want to use the cash to pile into other companies which they believe will see more in the way of benefits from the QE 'bonanza'. Otherwise I'm stumped, and not a little p***ed off! Still, I'm not bailing out now - I'm going to sit tight and wait for it to go the other way, which It still surely must!
As far as I can see the latest round of QE is benefiting blue chip stocks at the expense of AIM companies. So INL SP might continue to languish until the QE bubble bursts. But I might be talking nonsense..
Some things are beyond the MMs' control - for example increased investor interest following the publication of positive news by the company. As Bazzaman says, this company has a strong market position in a climate and region where demand for what they produce should remain high. Hopefully this will feed thought to the SP sooner or later - consensus seems to be that it will with 70p a very realistic medium-term target and beyond that up to 90p and perhaps even beyond not unrealistic. It always hurts to see a fall just after you buy in though, even if the pain is only psychological (ie you're not a day trader)
Yes - the price drops, then predictably there is lots of substantial buying activity which helps drive the price up again until the next time it 'mysteriously' drops. Some nice quick profits to be had for anyone with large sums to pile into this share when the price is around 56p and sell again when it reliably goes up a bit. I think this sort of trading activity kept the lid on the Taylor Wimpey SP for a while during 2014 before it finally broke through the 125p mark and started to price at a level which more accurately reflected its strong trading position and solid dividend. I guess it's the relatively low volumes which enable the MMs to manipulate this share so effectively?
All housing construction is taking a bit of a kicking right now as the housing market returns to 'normal' (from manic). Short-term market sentiment aside, this is still a very well-placed company IMO, with solid asset values which would only be hit by a major collapse in land/housing values. It may even remain an attractive acquisition target for one of the cash-rich major house builders that needs to increase their landbank. Underlying demand for new housing remains high with a chronic structural shortage of housing in the UK that is not going to disappear any time soon, and interest rates don't look like their going to start the process of 'normalisation' any time soon either. The government continues to priorities new house building, and this will not change whoever wins the next election. And this company is not over-exposed to the rather overheated central London property market. Most of the above could probably also be said of TW, whose SP has gone somewhat unexpectedly into reverse recently. If I had any spare cash I'd be taking advantage of the INL price drop to top up in the reasonable expectation of decent SP gains to be made within the next 6 months. Now watch the SP slide - my Midas touch …;-)
Inspired by your commitment - and by a dip in the SP - have topped up again myself
of buys yesterday and today - some pretty hefty buy trades. SP resilience over the last few days despite the market as a whole falling of a cliff is impressive. Was interested to see the substantial Dixon stake. I would top up again myself if I had any spare cash left in my ISA account, but I don't and can't bear to sell off underperformers at a loss to free up the cash (probably a fool to myself on this)
all blue 'buy' trades when I checked, maybe the start of a sustained upward movement
Target price increased to 80p - their 'sum of parts' calculation well over 100p: http://www.everyinvestor.co.uk/news/2014/12/01/small-cap-inland-homes-provides-positive-update-10524/ Just topped up myself