Grabbed another 5k shares @ 73.4p (well inside the quoted spread). The board own a decent stake in this company and I can see them being prepared to sell it if a decent offer comes along. Attractive entry point on the chart with support around 73p and RSI down to 31. Main risk seems to be that results are traditionally 2nd half weighted and a downturn in H2 could have a disproportionate effect upon annual performance.
No shorts to squeeze so we are unlikely to see the dramatic price action seen with Kier but I can't see why this shouldn't tick up. COST simply looks too cheap for a profitable, dividend paying, net cash business with improving margins.
That's a fair old purchase, shame it didn't send the price higher. Certainly looks good at the moment from a fundamental perspective. My only concern is that we are having a bit of an economic wobble and marketing budgets can be first in the firing line when looking to cut costs. I have similar concerns over my holding in RWA (recruitment). That said, you can't have risk without reward and the price has come back off recent highs so entry point looks attractive. Good luck! :)
This is very good news for the company. I work in the IT industry and can tell you that being on a framework makes doing public sector business something of a formality. Without it you'd struggle to get a look in.
Has anyone looked at or invested in S4 Capital (Martin Sorrell's new outfit)? The last few RNS's have been very impressive (note the clients they work with) but the stock gets little to no media or analyst coverage and the SP has become a bit stagnant.
You can get it as low as ~1p. Look at the value of the actual trades going through on the 'TMMG Share Trades' tab, rather than the advertised spread. Looks like a good day to buy, I note that WPP is top of the FTSE100 this morning. Hopefully TMMG will wake up to this later on.