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Don’t think this article will have any effect on sp. Leading up to next statement - that should spark a rise..
...unless the well-informed Jambon knows something we don’t...
At what point does patience become recklessness?
So much ties in with the housing market, and with Brexit. One of many companies who will benefit from Brexit deal...
Great recommendation on a number of counts in Tge Times money section this morning..
https://www.thetimes.co.uk/article/income-funds-do-what-they-say-on-the-tin-gnzbnssfw?shareToken=16bd8f4476f90ffd2b57f1c481dad6ee
“Significant value for shareholders”. Yes, if Medco devotees bought at 33p. This is a dreadful example of market manipulation, when results show that the company was not doing badly. The positive spin in the RNS of 65% profit from that low base is a regrettable distortion. Many shareholders will have lost a significant amount of money..
“Advanced talks” not necessarily the same as done deal imo. If you reject 48p after good results, and broker estimates up to 90p, it makes absolutely no sense to settle at 55p. Stitch up or brainless..
....or indeed the original 58p. Even if they choose to walk away, those recent results show that all is well. Company is undervalued imo..
Yes interesting about those after hours trades. Looks, judging by the prices of the trades, as if they were occurring throughout the day. Many serious investors reckoning that these prices are far too low. Next few days should see these investments rewarded, certainly long-term..
https://www.thetimes.co.uk/article/boohoo-where-carol-kane-is-joint-chief-executive-soars-as-teens-chase-fast-fashion-x2j8fd5wf?shareToken=00df23d556bda734268439cd61f361d4
Last chance to fill boots before results?
Presumably there would need to be a shareholders vote to accept any deal. Difficult to imagine all the institutional holders listed in the recent forms accepting a deal based on 48p, when their involvement would have started at probably a much higher price. Particularly true if the next update is favourable. IMHO this low bid may just be an opening gambit..
https://www.thetimes.co.uk/article/medco-energi-offer-for-ophir-energy-has-shrunk-as-oil-slides-hfd930bvt?shareToken=f932d0033582b306e478fe4ee5899738
puts it in a nutshell...
Good mention in The Times Money Section this morning. No reason to suppose that sp will not go up to 245p again after update, as it did last time..
https://www.thetimes.co.uk/article/christmas-wrap-up-the-winners-and-losers-on-the-high-street-ddwz3kqhx?shareToken=e435697490ef7cd3ca315a587d3238e9
Nice list of big buys after hours ( though from the price it must have been earlier). History repeating itself? SP languishes, mid updates, but perks up near the next update. BOD would not have alerted the public about Black Friday being different from ASOS if they thought their next update would be poor. Time imo to fill boots..
Listen, nobody knows where the bid price may be, or indeed whether the bid will even materialise. Current sp movements are based purely on speculating on the future. If the bid comes, the sp will relocate upwards towards the price; if not, then there is a risk that it will plummet towards its pre Xmas levels. Fundamentals of this company are good, and all the experts seem to suggest it is a bargain at these levels, so it must be worth a mid term punt, even if the bid doesn’t arrive..
Called this situation a couple of months ago, but lost faith and sold some at 42p. Average around 60p for the rest. Concern that the current bidder might pull out by 28th Jan (mentioned in release as a possibility), so might be better to sell and bank on an immediate spike. All imho of course. Currently very undervalued share, but these are not easy times to make rigid plans..
Note those two big buys showing as after hours..
Boohoo? Yes, that too...
Yes, nice to see independence from Brexit and PM woes in this share. Good news from the company would not be adulterated by any political chaos. Wait and see..
Sells and buys... The big sale was a UT. Hold steady!