The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Only 22,000 shares? You do make me laugh Bot. It'll come good in the end you know that already. I meant to ask did you buy any CABP in the end? They're up 62% in the past month. Results are out on Tuesday and I'm hoping for a further 30% at least.
If the share price is determined by supply and demand and this site says twice as many shares have been bought today than sold, how does the share price go down? Can anyone explain please?
Vol. Sold 405,181
Vol. Bought 844,859
Willis,
That's the beauty and attraction of trading Carnival. It's so volatile it could be at £20 this time next month and equally it could be £9.
My last trade was 8000 shares bought at just under £10 and sold at £13 within a few weeks. I was more than happy. Before that I'd traded 12,000 shares from £6 all the way upto where we are now. Quite happy to sit it out for a while now and see where it goes. If it drops I'll probably buy in again but I'm not sat here hoping it falls. Also If it rises then congratulations to all holders that hopefully make shed loads of money. Won't be any tears from me though mate, there's thousands of other stocks out there to trade.
"CAB Payments pledges to hit revised target after stock plunge -investor
Summary
CAB plans January trading update -investor
CAB has been "reaching out" to investors -source
"We recognise that this is going to take time" -CAB
CAB Payments (CABP.L), whose stock plunged more than 70% last month after a profit warning, has pledged to some investors it will hit a revised 2023 revenue target and publish a trading update in January, as the cross-border payments processor fights to win back market trust.
Oliver Brown, a fund manager at R.C. Brown and a former top-20 investor in the newly-listed company, said he was called by a senior CAB executive on Friday, who was "very contrite" in the wake of last month's profit warning.
"CAB are absolutely adamant that they are not going to have another profit warning (in 2023)," Brown said, but added it could take years to rebuild market trust and the company was planning a market update in January."
Source. Reuters
November 17, 2023 8:53 AM UTC
By Kirstin Ridley, Sinead Cruise
Ken that sounds like a great adventure and definitely not for the faint hearted!
Bot it's always the way mate. You might have dodged a bullet though let's see how the market reacts to the latest jobs data when NY opens shortly. I'm thinking we could see a retrace back to mid £10's before the next push up. Only my opinion and I'm quite often very wrong. Good luck whatever you choose.
Argh ok. I had no idea it's only just showed in my feed.
https://stocks.apple.com/A0Q0U5pRpQEOZ978ZFAfX1g
Someone wants to let Wall St know CCL received an analyst upgrade today!
"Macquarie has raised its Carnival Corp. CCL price target to $22 from $17, citing the cruise operator’s strong fourth-quarter results last month. The company’s results “were strong across major metrics and booking strength with higher-than-expected pricing, but costs were sticky,” wrote Macquarie analyst Paul Golding, in the note. The target price raise reflects normalized FY25 operations and stable pricing, with fewer total cost headwinds and easing fuel prices, according to Golding. Carnival’s stock has risen 130% in the last 12 months, outpacing the S&P 500 index’s SPX gain of 24.2%."
Every time asartara tries to deramp the SP goes up! I'd just close my short mate and cut your losses if I was you we're gonna be over £1 soon.
Your posts do make me laugh though lol.
"RE: Overvalued20 Dec 2023 12:16
Fair value for CABP is about 20p"
"Overvalued21 Dec 2023 23:04 Target price for CABP is 30p"
"RE: OvervaluedToday 10:58 Target Price 50p"
Could have something to do with the current slide. Seems to be a lot of negativity towards CCL in current news.
Carnival Stock: All the Goodness Priced in, Says Deutsche Bank
https://markets.businessinsider.com/news/stocks/carnival-stock-all-the-goodness-priced-in-says-deutsche-bank-1032926745
https://www.fool.com/investing/2023/12/27/forget-carnival-stock-buy-this-travel-stock/?source=djc&utm_source=djc&utm_medium=feed&utm_campaign=article&mod=mw_quote_news
Hi Rachel,
It's been widely covered but here's a link to Reuters.👍
https://www.reuters.com/business/finance/cab-payments-pledges-hit-revised-targets-after-stock-plunge-investor-2023-11-16/