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Have been trying to open a position on IG Index but getting message that no opening positions being taken on this stock and can only close a position. It has been this way for some time and have never seen this before in many years of using IG on an active stock. It was working last week. Anyone have any ideas?
Went through the same situation with Marconi many years ago. An industrial giant that was too big to fail but did. Lost far more than I could afford at that time but taught me not to try and catch falling knives and no matter how high a share price had been in the past, it can still fall to zero.
Do agree which is why, having set a bottom price of £3.25 ( with positions closing every couple of pounds on the way) when it was trading at £20+, I may be a buyer once that position hits. However, much depends on their next briefing. If it turns out to be less than positive then I will call it a day with this stock.
Blabla.
On the basis that the stock market reflects the future outlook. How do you explain the share price performance of THG, ASOS, Boohoo, Revolution Beauty etc against those I mentioned, many of which are also giving investors a return in dividends? All those on-line only retailers I have mentioned have rewarded long term investors with huge capital losses.
Your continual predictions of quick, large upward price movements for this stock have been almost always wrong.
“High St is gone”.
Look at the performance of Next, Dunelm, B&M, Marks and now even John Lewis showing improvement. On-line retail is going exactly the same way as Dotcom. Massive over valuation of stocks followed by huge correction with the best surviving but most going under or being swallowed up.
Have been following this down using IG index since £20. My last position closes at £3.25 which is now looking distinctly possible. Then need to reassess if I am a buyer or out.
Hope you are right but remember exactly the same comments when it fell under £10. Some people still believed it would get back to the £35+ figure of 2017. Those top-ups they claim to have been making are now 95% down. This is falling knife and gambling territory.
Unbelievable when you consider it paid an annual dividend of over 66p in June 2017.
A contract is only valuable if you can make money on it and Capita have been woefully poor at doing this; that and grossly overpaying for acquisitions is a major reason they have seen a total collapse in their share price.
Not if it has the same effect as the last RNS!
Truth is nobody knows. This was trading above £35 only 8 years ago and people have been predicting a bounce at every point from £20 downwards. Remember seeing posts that it could never drop below £10 and was a massive buying opportunity.
Anybody thinking this could not go to zero should have a look at the latter days of Carillion and Interserve, both huge businesses with what proved to be insurmountable issues. This is now a pure gamble which could give big returns or a complete wipe-out.
I agree that it is not just the on-line clothing sellers. I am old enough to remember the ludicrous prices of dotcom businesses and the eventual outcome. The best survived but most went under or were forced to accept low offers. Same is happening with this sector now.