The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Good post and hope you are right. However past experience for me has shown that moves like this ie new low after new low on a share in a long term downward trend usually continues,it often ends when the price volatility stabilises or support is formed when price re tests the lows and of course positive news from the company.The yield Is so attractive I would love to buy in but I just feel it is better to wait for some evidence that things are improving even if that does mean missing the bottom.Many were calling the low at �5 its now 30% cheaper,if the next update has some nasty surprises you could easily see another big drop even from these levels,a majority of analysts are predicting a dividend cut too. All imo GLA.
Its interesting I have 2 sources that say 13k and one that says 2k?
Thanks had not noticed that biggest in 6 months actually,a sign of capitulation? Be interesting to see if the low holds.
For this sort of relentless fall on an already oversold share would not surprise me if somebody knows something share is basically being re-valued by the market.
New lows again today,still looks weak be surprised if we don't go lower.
Agree their are many risks here at present.The problem is the company is basically being re-valued by the market and nobody really knows what that value will be but at present it keeps making new lows,sure it has fallen loads but as we know shares can remain oversold for long periods of time.There are many negatives at work here profit warnings,high debt and an unfavourable environment for this type of stock.It might mean not getting the low but to me its much better to look for indications it has bottomed out such as clear support that holds,regular daily closes near the high and some positive news from the company.Until then I think it is still likely to go lower even if you do get a short term bounce at some point.
I agree its oversold and will bounce at some point but think it is more likely to be the dead cat verity rather than a long term bottom.
I would be very cautious purchasing here there are a lot of negative factors in play and some clearly have an agenda to get these lower.I prefer to look for evidence a bottom has formed ie continued buying at support and bouncing of the lows this is not happening here infact it appears to be going through a re rating and could slip further,many were saying �5 was the low and you would have lost a lot if you had bought there.If you really want to buy a phased approach might be a better idea here starting with a small purchase and adding as things become more clear.I would want to see some clear fundamental evidence that the turnaround is being successful which should in turn make the chart look much more positive before committing a full position. I would be VERY surprised if we are at the long time low here.IMO.
I suspect they got wind of Seb going before the close which although they don't like its more because they dislike uncertainty,think Seb lost his superstar status a long time ago,they might actually like the new guy as he is very online focused.
https://news.sky.com/story/dixons-carphone-chief-james-quits-in-shock-move-to-run-boots-11214141
Woodford is not only still in he is buying more,whatever tour views on him and I have some respect for his performance ,these have been a disaster for him.He has had a substantial holding since they were well over �10. http://citywire.co.uk/money/woodford-buys-more-capita-despite-dividend-threat/a1085179?ref=related-news
Been following this for a while but this price action looks horrible to me just keeps making new lows,not a good time for shares with big debt imo.
Yes I noticed that suspect shorters are piling in here sniffing blood after Carrilion!
True,I think Apple have missed an opportunity with the x not enough extra features to justify the price imo.
Thanks,they do not make it easy to see the detail of where there profits come from do they.I was told by someone who works for the company that the amount they make from 2 year contracts is considerable with many kickbacks in the following years depending on customers use and this seems backed up by the fact that when they issued the warning they noted a £40m drop in profits due to the new EU roaming laws alone.On a positive note they said sales of the new Iphone x had been good.
Taking out mobiles these look like excellent results with electricals up 7% L4L yet profits down 60%?.Do they reveal anywhere what contribution mobiles make to their profits as this appears to be the main concern? TIA
After a few weeks of challenging sales in the run up to Black Friday, this week John Lewis achieved sales of �214.3m +7.2% Year on Year. Marked by Black Friday and price matching through our Never Knowingly Undersold policy, it was the biggest ever week and Black Friday was the biggest ever day in John Lewis's trading history. Electricals also saw a strong performance with sales +9.7% with standout performances in mobile and wearable technology and small electricals. Best sellers across the Black Friday period included the Sonos Play 1 Smart Speaker, LG Smart TVs and Apple Macbooks. http://www.johnlewispartnership.co.uk/content/cws/financials/weekly-figures/latest.html Lets hope DC had the same.