Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
This is one of the problems of share buybacks as it gives the shorters an artificial bid which they can sell knowing full well that when the buyback stops the market will probably drift. I would stop the buybacks for now and let the market find it's natural level and then restart the program rather than throw good money at this on a daily basis.
I intend to hold this and reinvest every dividend for many years to come, like you jolly just letting off a bit of steam as it's annoying to watch the sp erosion on a daily basis.
Almost feels like a capitulation day for someone that needs to close out.
That is how I am starting to feel jolly. I keep reading about the lovely dividend and the yield at 7.5% but since 26p traded on 7th November the share price has decreased to 22p this morning which equates to 28 months worth of dividends or 2.25 years of holding. I am reinvesting my dividends each month into my pension scheme so am here for the long term but would like to see some potential upside at some point, the feel good factor seems sadly lacking at the moment.
Well considering we were printing at 26p on Monday I think a 10% retracement on the week is a little harsh. I did buy some at 23.5p this morning on a cfd, I like to keep my cash and pension fund holding where they are and just punt some leverage between the 23-26p range for some beer tokens.
I can just imagine Todd in his psychiatric cell in his straight jacket ballpoint pen clamped firmly between his teeth desperately trying to use the keyboard of his Fisher Price my first computer attempting to open an LSE account.
I note from Bloomberg this morning that Liberum analyst Gerald Khoo who has a buy note on IAG and has raised estimates to include 3Q performance has said "We see scope for optimism given that strong pent up demand could outweigh modest recessionary headwinds" Perhaps this recession the media keep fixating on may not be as apocalyptic as they predict after all !
If you are long using a cfd then you receive the divi on the ex date
I think a good example of buy backs not working is Harbour energy, spent a lot of money and it's provided no support to the share price at all.
Justodd wonderful to hear from you old chap and I am still laughing at the L joke, thanks for clarifying as I thought last time you called me L for lovely or Luscious and after your last encounter with the Easyjet cabin crew trying to persuade Brian into the latrines I was getting a tad concerned. You are so kind to be worrying about my financial security but please don't lose any sleep over it.
I am so pleased to hear you have an actual short position in the stock because at least you are talking your own book and doing the same as those nasty rampers who you like to castigate on a daily basis. I also hope you shorted the stock well before you joined this bulletin board otherwise it's not doing as well as you would like to portray !
Justodd you really are a hoot and I can see exactly why you are so popular on this chat. I'd never thought of describing a trader who had made just made over 7k as, what were your exact words "now you are forced to jump in and out". Do tell us some of your recent trades so we can all applaud your own jumping in and out with equal amazement.
Thanks Trench, going to have Gary Barlow in my head singing for the next few hours.
Not surprised, look at the TTF futures on ICE
https://www.theice.com/products/27996665/Dutch-TTF-Gas-Futures/data?marketId=5429405
After reading some of the comments that we are all going to die of hypothermia or starvation, as the usual suspects remind us that it'll be a choice between heating or eating which is becoming rather tedious to say the least I have thought of another way forward. If the cost of living becomes too high then perhaps it will be cheaper to nip down to the Canaries or North Africa for some winter sunshine than pay to heat your house (or caravan on Sheppey's more scenic clifftop in Justodd's case), that would do wonders for the share price of EZJ and demand would rocket !
More than likely that funding has been raised !