Member Info for hey_arnold

its champagne and caviar at 600p ;)

Any views on today's move?

That moved quickly up 1% :) crikey.

These are the days sorters will sell it later.

Thanks Pokerchips - makes sense about the 2018 dividend. Any change to guidance for 2019 though would be worrying, but as you say, maybe they wait on that. But waiting will continue to provide an additional overhang on the stock, stopping it moving up too much?

What if they lower the dividend?

But fortune does favour the brave as they say.

I still think 350 could be a level it gets shorted too, purely because thats where it got down to last time (I know oil was lower then).

didnt get what you meant nickel_investor? Are there more bids today or less big offers?

I haven’t found anything either. I’m sure a few bits and pieces will come out over the next few days. The analysts will be writing notes on different fine scenarios I would have thought and their impacts on the dividend.

Sorry if this has already been posted, a note from Morgan Stanley:

Since 2016, when the allegations against Petrofac first surfaced, the stock has underperformed its sector by 60 per cent and lost $2.6bn of market value, said Morgan Stanley. It highlighted that the largest SFO fine on record, $497m issued against Rolls-Royce in 2017, was split about equally between a clawback of profits and a penalty. “We continue to believe this will ultimately prove a more than sufficient discount to reflect the outcome of the SFO situation,” it said.

Sounds a reasonable conclusion :)

Hopefully get a bit of a bump today. Oil is up, Asia was up and fed kept rates on hold. Yippee!

Should be some movement after the Fed discuss their meeting on rates

Everything is getting sold on US earrnings, specifically Morgan Stanley

Bought back in at the close - hoping for some sort of Trump progress tweet later.

Some heavy selling from profit taking this morning. I saw the stock price get pushed down 1% in about 10seconds from someone obviously selling a large volume.

Think you are probably right.

Anyone got a view on whether Glencore opens lower on Monday? Assume there will be some profit taking, but equally is everyone going to hold for the China/US talks

Strange isn't it..... strong economic data means rates might go up and stocks sell off, bad data and there is a fear of global slowdown and stocks selloff.