The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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/
No news? The Chairwoman has come out and gone on record to say that they will bounce back from the profit warning. The Chief Risk Officer has spent £50k of his own money buying shares at 60p and the board has been ringing around investors last week assuring them there won't be another profit warning and that they'll hit the revised targets of 20% growth this year.
This will shoot back up with little or no warning and when it does I hope you're quick to close your short.
Statement just released by P&O Cruises on Facebook.
"There have been media reports today which are factually inaccurate and damaging. We are categorically not making any redundancies and we will not dismiss and re-engage staff. In fact we have significantly increased our headcount across our fleet."
I'd love to trade £1m a few times a year at 5% swings making 50k a time. Lloyds seems to be the perfect stock for it. From 40p to 42.2p and a tidy £50k profit after your charges. Lloyds seems to yo yo like that all year round. With my capital I haven't got the patience for the smaller gains hence why I'm trading dangerous stocks like CCL 😂😂😂
BotBot
Looking at the strongest weekly rebound in worldwide stocks for a year so don't be surprised if we finish the week strongly. October payrolls out later today in the US so that'll play a big part.
"World stocks are up 4.2% for the week so far, their largest weekly rise since November 2022. The S&P 500 chalked up its best day in six months, also boosted by strong corporate earnings and guidance - Apple reported forecast-beating quarterly sales and profit, although shares fell slightly in after hours trade."
Sorry for going off track on here with CAB it's not the board for it I just wanted to hear any advice BotBot might have and when he said he hadn't heard of them I wanted to explain.
Anyway back to CCL. What a great day let's hope she's turned a corner and we see £13 again soon. Onwards and upwards.
Botbot.
She's a FTSE 250 company (for now) that issued a profit warning last week. Dropped from £2.17 to 60p overnight on the news that it's gonna miss targets this year by 17%. Massively oversold in my opinion and hopefully gonna ride the wave back up to at least £1.30. They released an RNS yesterday that the Chief Risk Officer & Compliance Officer bought £50k of shares so that's gotta be a good sign and the Chairwoman gave interviews at the weekend that they're gonna turn things around and deliver for shareholders. Fingers crossed.
"CAB Payments Holdings pl is a United Kingdom-based holding company for Crown Agents Bank. The Company is engaged in business-to-business cross-border payments and foreign exchange, specialising in hard-to-reach markets."
I'm on the sidelines at the moment but I keep an eye on this board and was just thinking to myself "I hope Botbot didn't sell before the open". Glad to hear you didn't mate. Fingers crossed this is the start of a fight back.
Out of interest Bot what do you think of Cab Payment Holdings? I'm long on it and got in last week after it crashed.