etank - Sorry to see you go but I'd question putting the cash into BP, there are a lot of GAPs to fill on BP one of them at £2.66
My share for 2023 is IAG this has the same recovery pattern as most of the Covid fallers but is for obvious reasons behind the curve. The only Gaps to close on IAG are way above the current price one of them at almost 3x the current SP and they will probably re-introduce dividends soon as they are just back in profit.
IAG's chart is looking prime for a significant rise and I'm considering moving a few mill AMC to IAG, but am holding on for just a few more days to see if RY gets his act together. If not the potential gains on IAG easily outweigh waiting for another 10-20% here.
NO ITS NOT! Why do you keep telling lies?
I bet the RNS announcing the dividend payment, will try and keep the gravy train rolling by seeking approval for their new venture at an EGM BEFORE the dividend payment / Record Date (which will be the same day). Also wonder if they will set the Ex-Div date to the same day as the 16:30 RNS, thus not allowing dividend hunters in. They have had a lot of time to prepare so the RNS announcing this could drop imminently but setting the record/payment date with in the 90 days.
"The Board proposes that the record date and payment date for the distribution of the post-Completion dividend shall be no later than 90 days following receipt of the consideration payment."
Basically if you are planning to buy and get the dividend I would do it sooner than later. They may even suspend trading between announcing the dividend and paying it.
This is however AMC so anything could happen!
Greetings from Sunny South Africa!
Not too late to load up still a good 30-40% to be made even from here.
Ex div and record date will be date payment is made. Can’t see them hanging around for the 90 days to make the payment.
"What do you see this doing to the current SP?"
We don't know how much the deal is worth, so have a guess. The unknown bit to be filled in and possible game changer is this:-
"The proposed transaction is structured in two parts, with a deferred consideration, which the Directors expect to have a positive impact on net assets in due course."
This is what the fuss is about - no smoke without fire:-
https://infra.economictimes.indiatimes.com/news/logistics/pristine-logistics-infraprojects-set-to-buy-distribution-logistics-infrastructure-from-infrastructure-india-plc/97787663?redirect=1
maybeonedayson : "The whole market dropped." Have you had a look at BP - whole market - really???
This is just a correction, IAG may get down to circa £1.50 - £1.55 over the next few weeks, still way over 50% up from the 94p bottom.
Sorry AGM is in December, so he may have another almost 11 months of Gravy Supping!
I can't remember the full terms, or if the offer 'pauses' things but doesn't AMC lose the licence if a plan isn't submitted this year?
Either way RY will milk this with or without the sale until October, where I'm pretty sure he'll get kicked out at the AGM.
He's only here now because he cleverly managed to leave things very much in suspense in order to get voted back last October. We've all known for years he's only out for the gravy train ride and income - never a return on any investment. He'll get less than a few on here from the sale, and certainly less than a years income - keep the train rolling Mr Young!
That's all pretty irrelevant as I've only ever traded AMC and what I hold now owes me nothing so will just leave it on the AMC gambling table. There is a bit of strength returning over the last week so may be an opportunity to sell some of the .90p buys for around 1.2p+ in the next few days, who knows the deal may even complete or it may just be the pigs are assembling on the runway!
A very tight spread, not been this close for some time and now sitting at the bottom of the rising channel. Coincidentally the top of the channel is now in the 1.8 - 2.2p area - sound familiar???
https://invst.ly/-4d5u
Maybe an update is working its way through?
Crazy rapid movement into the close - oops!
"No, no trader can reach long term profitability with tea leaves or TA."
WRONG - I'm in the 10% that do!
I'll use QFI as and example (look back through my posts if you want to check this) Using only my interpretation of the technicals, I sold out in many blocks from 2.6p down to 2p. Having made multiple purchases between 1.1 and 1.4p
I currently hold no QFI but will start buying soon because one of the indicators I use, RSI, is becoming very oversold. I started selling when it was very overbought, there were many other factors but won't bore you with these, but I did post some Art at the time.
Simply Buying, Holding and waiting for and RNS on Aim is senseless, you will just get diluted into oblivion.
"That is quite a bounce off of the 50% retracement area https://invst.ly/zzwzw"
Didn't even last a day and here we are approaching the 3p support!
Where doe your fib chart say it's going next?
Yep - Correct - as is the case with all shares and any tradable instrument.
As I said before todays long awaited 'update' has caused the price to fall - it's a really good news update so why did the price fall?
(This is a rhetorical question - I already know why it fell - it's because the price hit the top of the rising channel)
https://invst.ly/zzwrz