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Qd u got the direction right I’ll give u that
But u said it would drop because no equity in the business and no assets
I don’t remember you saying anything about they will downgrade guidance and cancel the dividend
Therefor you didn’t tell us at all mate
Change
I don’t think that is possible is it
Repurchased shares are usually cancelled or held in treasury
Even shares in treasury aren’t entitled to a dividend I don’t think
Plus there’s still stamp duty and fees to pay
At least the sp’s looking like it wants to continue up tho
All eyes on trading update now
A surprise to the upside would be lovely
They shouldn’t
It makes the management look like amateurs and the market will punish us
Somebody else has just cancelled their dividend after reinstating not so long ago and the stock tanked
Can’t remember who it was tho off the top of my head
Fitch has Mcg rated higher than first group and go-ahead because they only have exposure to the uk
Mcg is more global and has more room for growth
Also I read jpmorgans results today, they sold out of Nex due to trading concerns /balance sheet strength
16 hours ago — Mobico, rated Baa2/BBB by Moody's and Fitch, wants to sell a €500m no-grow eight year (September 2031) bond via BBVA, Commerzbank, ING, NatWest ...
So it was a new note issued
At least it’s only 500m they did tell us about the refinancing
Https://www.prnewswire.com/news-releases/student-transportation-provider-national-express-llc-and-highland-electric-fleets-partner-to-deploy-over-50-electric-school-buses-to-school-districts-in-california-rhode-island-and-new-hampshire-301923966.html
+ the £40m from west mid thats 60m added what was unaccounted for
Replaces the Covid funding what was dropped
Guidance is going to be key next month
Improved guidance - this will rocket back up
Inline guidance - probably crawl back up
Lowered guidance - this will fall off a cliff again
It could just be a bullish correction tho
It was up 20% off the low and they don’t just go up straight
So could easy turn back around and go again
But imo it’s only going to get so far 95 or 107 before it pulls back anyway
So better to get it out the way now if you ask me
Was likely to come anyway after rejecting the 50ma yesterday like ronnie said
It was basically setting up to pullback
Imo it needed to do this anyway hopefully it will confirm the bottom is in now
Either by a higher low (bounce around 78-80p)
Or double bottom (retest the low again)
Personally I’d like 80 to hold but let’s see what market has in store
Yes they normally release prospectus before issuing new bonds
So looks like another 1.5b coming
Was this factored in when they told us interest payments were going upto 82m?
If not what are the new payments going to be
Not impressed really
Bond notes that Afc energy is likely the first to strike such a deal with a partner of tango’s standing and could lead to localised manufacturing and access to a significant customer base including Saudi aramco
If Saudi aramco came knocking this would nuts
I’ve heard bonds ramps before tho
Nearly as bad as haggis’s lol
It’s not. Can’t be as bad as when it started tho but not what you want to be hearing when you’re in travel stocks.
I read before bidens meant to be bringing masks back for aeroplanes don’t know how true it is like.
Covid days where crazy in the markets
A lot of fun
That is a bullish sign kg
But usually there at the bottom of the downtrend
Eg, if it where to fall to a new low Monday then bounce back green that would be bullish
(Like it saying to you no I’m not going lower)
It can still go either way to be honest it’s only painted half the picture but shouldn’t be to long until we find out
Hopefully it’s just building its base and can curl back around with strength
Ideally we want it to gap up Monday and hold 84
Or minimum hold the weekly low around 82.6 if it falls at open
If it does come lower the next level is around 78.5
The typical daily range on this stock is 3-5p a day so it should get there in a day
It could easily bounce straight back if it does but we have to let the market show us
Ps. Apologies for some of my spelling I noticed I typed OTHER in one of my previous posts when it was meant to say OFFER
Hahaha
I’m half technical analyst
Half re-tard