and moved it's TP to 3250p from 3100. The bank seems a bit slow in catching WIZZ so I am not setting much store by their forecasts particulary on WIZZ or any other share until they become more up with events.
Today's update doesn't provide much comfort. It is a company with much potential but the performance is an open sore. Who would bet against another profit warning as awful news follows bad news? The official ask of 3p has me in stitches as buys can be had for 2.78p. I would pump more money in here to see if I could profit from a resuscitation but am afraid I would be bled dry by the hapless board.
the Tender Offer a southpaw by rejecting it. I was going to lock myself in a cub-icle to consider whether to cash in some shares bought lower down but think as the directors do there is more honey here for investors by resisting the offer. I am gonna shut my trap now until the situation plays out.
buzzing today. Investors have got an engaged tone now after some months of falls and despondency. Good 4% rise so far and I am hopeful that 1300p+ can be achieved by results time in a month. I put a little more on the line yesterday by adding to my holding but am very confident at these levels as the SP is very much underpinned by the divi.
but seems to yoyo between 433p buys and 422p sells. There was a hint of a breakout when 454p became the ask but it quickly dropped back. I think it is marking time at the moment and a move through 450p is inevitable. I expect 18p will be lobbed off for the divi though as the vote is held next Monday and payment on the 29th. I am not sure if the divi is already accounted for?
Useful hike in the divi and FDA approval by the end of the year hopefully. 18% rise in overseas profit and with sterling relatively weak this will translate well. I am especially pleased that the company doesn't disappoint on their updates as the lofty valuation demands an on point compnay. A very pleased holder! I will reinvesting my divis back in.
Back in August this was being ramped like there was no tomorrow. A few tomorrows later it does indeed look like there is no tomorrow for TECH. OK that is an exaggeration but only along the lines fo the ramping nonsense that was here. Spread is huge so not worth diving in even as a punt.
The SP has gone airborne again! Are investors taking seats before we get a Brexit deal? We can expect a nice jump when that becomes definite unless there is sell on the news investors. Holding out for £43 myself though even at 3834p the SP is looking rather fly.
Seemed to me to give very mixed messages. I would have bought more if it had fallen as the Tender Offer will underpin it. The profit undershoot is disappointing of course but it is being compared to an exceptional year. And it enjoyed a strong quarter. Still not surrendering any to the Tender Offer.
I wouldn;t worry too much as all mattresses sold in the UK have to be Kite marked to british safety standards. They have to be fire resistant. I think therefore in the event of a firesale you would still have time to get out.
buyer. Certainly brave! Cause this to spike up ^% though the spread is wide. I doubt someone is accumulating here as trades though sizeable for a PI are a bit low for that. This is a liquidity trap par excellence but I hope this guy has more sense than money :)
RE: More Gok wan Yourself than Go On yerself!!11 Oct 2019 12:24
Still 17.5p J/k well remembered! It has saved me throwing good money after bad. I know some of the investors here have averaged down and I take my hat off to them. Mainly so they can put some spare change in it for me. I really do hope DKL can make it. Unfortunately its track record is one of sleep walking into everything bad and behind the curve in maximising opportunities. The q3 update was exemplary. Lame excuses, weak figures and a board the slave of events and not the masters of them. DKL are becoming the masters of "If this happens...." and "if that hadn't have happened ...." then everything would be great. And yet they will be issuing shares like confetti for services rendered as a supposed sign of confidence. Laughable really.
RE: More Gok wan Yourself than Go On yerself!!11 Oct 2019 11:23
Before the consolidation they argued that being a penny share was disadvantageous to DKL. Now they are taking us back to a penny share. Every AGM I challenge the board to improve the SP by the following AGM. In the most recent years they have failed. Spectacularly.