focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Personally I think that it's only natural for the price to drop on this type of news. A bit like when a firm makes a bid to acquire another firm, the price drops because it is a significant capital outlay and new uncertainties as the business expands. The positive SP change comes when (if) positive news comes off the back of the expansion, when it has developed and has been 'de-risked'. That said, I would have expected this drop yesterday, not today - so that is strange...
I thought we had returned to a relatively stable pattern of stable-ish behaviour in the SP after the volatility post July results. However, a 5% fall on no news after a week of relatively steady movements??
Personally I do not see this as a positive thing, if there was sufficient demand at standard prices they would have no interest in discounting it. If this is a Sainsbury's-led price cut, it potentially indicates insufficient demand. It could also be a FEVR-led discounting op, which could be taken either way.
Good to see the Woodford holding being topped up :)
Positive and comprehensive research note released by Progressive Equity Research today regarding Bango's moves into the African markets, and others. Very worth a read: Available here: https://bangoinvestor.files.wordpress.com/2017/11/perl-note-further-moves-into-africa.pdf https://bangoinvestor.com/2017/11/17/perl-note-further-moves-into-africa/
Positive research note released by
Unlikely - it is important that when we are informed of a major holdings change it is retrospective - the purchase/sale has already occurred normally a few days before and they are notifying in compliance with their legal obligation to do so. They have a small time frame after the purchase/sale to notify of the acquisition. For example, today's notification of Artisan Partner's holding was actually purchased on 9th November, and Artisan informed Fever Tree on the 10th, who have in turn informed the rest of us shareholders today via RNS.
Aye, likewise I do not understand these drops when a big fish like that is ploughing in well over �100m into this firm's shares, and OId Mutual upped their stake just a few days back. I also understand that there are no major shorts on the firm. Kind of expecting it to return to flat by COP today.
Excellent news to have a big boy like that taking a significant stake !
I'm certain RBC's forecast on 02/11 had a target price of 1900p? They have upped that to 2000p now (too right!), hopefully that is as conservative as their previous targets have been!
Our friends at the Royal Bank of Canada Capital Markets have had a small change of heart... They have re-rated again today, this time upwards: 'RBC Capital Markets 09/11 Reiterates Sector performer Target Price: 2,000.00p '
I mean it did rise by 15%+ yesterday, I am not surprised by a fall today and I am ok with it providing it doesn't wipe yesterday's gain entirely...
Is that Old Mutual increasing it's holding? Or reducing it? I've never worked out how to interpret those forms...! Looks like an increase to me?
Blimey, I was not expecting it to hit 14%! Glad to see some renewed confidence in the firm after the tumultuous past few weeks!
Trading Update doesn't tell us much to be honest, obviously the tones are positive I'm not certain there will be a rush upwards based on this; it doesn't really tell us any 'news' :) Of course, I hope there is a surge though!!!
Their previous forecast was extremely conservative at 1950p in July, given that we exceed 2400p in August...
No idea why the drop to be honest and I didn't expect to see sub-2000 on no news. Some big buys coming in this morning though 10:43 - 02/11 Buy 54079 1,962.05p �1,061,057.02 08:59 - 02/11 Buy 43972 1,959.00p �861,411.48 09:55 - 02/11 Buy 20000 1,932.00p �386,400.00
Sure, but Unilever's revenue is so widely diversified. Only 10bn EUR came from their 'refreshments' category in 2015 - and that includes teas etc. Their biggest market is personal care items (Dove etc) at 20bn EUR. CC is $40bn+ from almost exclusively cold drinks and thus is the 'big boy' in this sector.
An optimistic position if I may say so - I'm not sure we can compare the likes of Stork with the behemoth that is Coca Cola - there is no stronger force to have behind a rebrand in this sector. Ultimately I think they will eat up a larger portion of the premium drinks pie with the new rebrand Schweppes 1783 line, there's no two ways about it. They have clearly made a much needed aesthetic improvement with this line (classic Schweppes is visibly very dated in appearance and marketing), which will go a long way in getting sales. The other side is whether they will actually improve the ingredients and flavours of the new line, or will it be the same crap in a different bottle? The benefit is that I think premium mixers market will continue to grow, perhaps even given some help by huge marketing from Coke/Schweppes, and Fever Tree can still continue to grow within that market albeit as a reduced total share as the big boys bite in. Perhaps if Fever Tree can hold its own, then Coke might consider a takeover but at this point it seems unlikely. Clearly it does show that they are interested in gaining exposure to premium mixers, though.
300p dropped in a month!