Member Info for firepisces

I understand volatility is expecting to be more "normalised" but even so this should be closer to £9 than 7.
I still think volatility is there with companies posting H1 losses/missed earnings, reemerging covid concerns and political tensions.

Awesome results as expected but not impressed by divi decision.

I wouldn't go anywhere near anything that is affiliated by Tim Martin.

Go read a book on technical analysis maybe you'll learn a thing or two.

daily looks interesting. could have inverted hammer on downtrend. Bullish reversal. RSI below 30, MACD reversing. Wait till tomorrow open to trade.

Thanks for the heads up. Well, if VAT for certain items are to be cut to 5% (reportedly), then expect an increase in tax elsewhere. If it is in CGT, do you mean the tax-free allowance threshold could decrease? or could the threshold remain the same, and the tax percentage increase?

The company has also removed their guidance for current year. Another red flag.

10p? Could be? Who knows. In general IMO the whole market is still overvalued. Businesses will be going bankrupt.
In latest trading update on 23rd June, "PBTE for the year expected to be approximately £3.0 million (FY 2019: £8.1 million)". For this company, a blame on Covid is reasonable? They might see some business increase in vehicle lending as public transport sector drops? But obviously not enough to overcome the decrease in other sectors of the business. I'm fairly new following this company so I'm sure you guys are better aware or more knowledgable than me.

But for me, I don't think it's the right time to buy atm, although daily RSI is below 20.

As cynical as it sounds, it is somewhat a pleasure.
UK GDP data out this morn. Worse than expected. We barely even had a full lockdown if you ask me. Just shows how unproductive UK companies are. Expect further declines.
I've looked into TP ICAP btw, I like them, will get in if falls below 320p

Could see 16p again

Yea agree. Markets in for a bumpy ride we are just in the middle of it at the mo.

On the contrary I hold here and have done so since Regal acquisition, thanks. I'm invested Long and have also day traded. I have made aplenty here. RE SP, what I meant was the uncertainty will create negative sentiment, and blatent disregard to Cineplex acquistion contractual T&Cs will force sp to 30p. Cine's bottom line and balance sheet, and Covid19, will force Cine to bankruptcy...i.e. 0p.

This is going to zero. Cineworld have no basis to cancel to acquisition. End of! Cineworld are in the wrong here. It's as clear as black and white. SP to fall to circa 30p. I expect there to be an out of court settlement.

Not only that, dollar appreciated in value over weekend and eu considering to ban us travellers from entering.

I wouldn't go so far to call it a dog. Certainly better than 1000s of others. Going sideways possibly because of all the stimulus the Fed and other central banks have been pumping into the markets. IMO they will fall again. Not sure how much by. IGG will increase. Just a matter of time.

I wouldn't consider myself a highly skilled investor. But £8 should be broken already. Not impressed. Has global covid cases flattened yet? No. Some countries it is now increasing again. Second outbreak looming.
Global and continental political and geopolitical tensions are rising.
Economy at it's worst historically. We have not seen the worst of unemployment yet. After furlough ends, companies will be letting go of staff.
The markets? Only God knows why they are still performing well..

"The Fed are trying to prevent a complete market sell-off and keep asset prices artificially bloated for the sake of the economy, even whilst Covid continues to spread across half of all US states." - Exactly this. Fed have even bought ETFs.

Question is surely companies will still need to pay the Fed back, albeit at more lenient timescales?

£8+ tomorrow?

This bank only knows how to fail customers and burn money away. Every other month there is a fine imposed. How much cash has been burnt on fines alone in the past 12 months...always in the news for fines. Another terrible British FTSE BOD.

Well, it's certainly sentiment that is driving this lower imo. NSDQ, SnP, Dow, all back to pre-covid levels more or less, especially VIX! (volatility index), and with the economy opening back up, everyone is acting like it's business as usual. Real question is when will the slump return. I'm not sure it's a "V" market trend?

Apologies. I don't know how I got that. Must be mistake while inputting into calculator.
I get P/E of 10. My earnings prediction slightly higher than yours.
Please report my other post.