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I for one, is very interested in your stock market activities. For me it is a yardstick with which I measure my own activities. Please keep up with your postings.
BLT's shares are coming down as if there is no safety net. Even at the time of market crash (2010) the shares stood firmly at around £10.
Rio's SP recovered over 500p in the space of 10 days. Is the recovery sustainable? What you think?.
Tomorrow the SP of BLT will start its journey 40p lighter. IMHO if FTSE 100 keeps up with its momentum then there may be less adverse impact on the share price.
IMHO the current dividend yield of 6.14% is unsustainable.
It appears that the market is expecting positive interim results tomorrow.
Johnson36 your luck has changed. Rio trading at above 2600.
In one month's time the SP of BLT recovered over 300p or 25%.
In the last six months BLT lost 34.4% of its market value. I remember in 2010 or thereabout SP came down to about 1000p...
Recently I noticed that BLT goes one step forward and two steps backward. Whereas Rio goes two steps forward and one step backward. Although I personally prefer BLT in comparison with RIO.
Non-stop, every day BLT losses ground. Can anybody venture to have an educational guess what turning point would be?
On 6 Mar 07, a consortium (CVC Capital Partners, KKR and Blackstone Group joined by Goldman Sachs and Texas Pacific Group) made an offer of £5.62 per share, later increased to £5.82 to takeover SBRY. The offer was rejected. In Apr 07, Qataris bought 14% stake in SBRY. By June 07 increased their stake to 24.999%.The Qataris were discussing potential bid of £6 per share. Eventually, in Nov 07 abandoned their bid. Had Qataris made a formal bid, it would have failed as the Sainsbury family (who holds 23.91 stake in the company together with Trust) were concerned about adequacy of funding both for the bid and for the company's pension scheme. Secondly, Qataris' intention of splitting into operating company and property company. Thirdly, the family considered £6 per share too low.