RE: JPMorgan buying —- excellent news12 Jan 2021 13:23
The price rose to 270+ when JPM were buying. The drop is down to the NED sells. Apparently the NED is 75 and been with the firm since 2007 so in fairness probably his time to sell at that time of life, and he still holds a fair amount too.
I think the hedging was a very sensible move. Considering I work in the scrap industry I’ve seen copper prices go up and down on a daily basis I and in the last 10 years I can say they have hedged at a very very good rate. Same moaners would be asking why they didn’t hedge when the price comes down which it will at som point. At that point we will all be thankful of the hedge!
Anyone else think that Morgan Stanley are playing the market and building the price up? Buy and sell notifications I’ve lost count but the app is considerably higher after each buy and sell? What ever they are doing it’s working and I hope it carries on!!
For anyone interested my other half works for M and M direct an online discount fashion retailer and they benchmark their progress against BooHoo who my partner says are the company everyone benchmarks against and are the most popular. All I know is M and M have had a record year and Boohoo are still top of the league. Not sure where the data come from but I’m sure it’s more accurate than anyone here can get hold of.
Here kitty, did you read it? They have increased not sold, some are now in financial instruments look at the total!! It’s higher not lower. Really does annoy me when someone who says they are invested doesn’t look properly!!
So 10% of the company brought by big US funds. Find it strange the price has stayed so low?? Anyone able to explain how it hasn’t jumped up higher? You would think it would be trading in the high 3’s with those type of buys and buyers!
For the genuine holders here, brought in at 123p bitbanoyed to see CLN RNS today especially after a crap fall on the RNS last week. Looking back over RNS so many Instis selling down GDR, do you not see that as negative? Surely they would hold if they thought much more value was to come. New here so please respond with sensible objections. I’m just looking for a balanced view?