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I too am in the process of transferring all my investments away from Barclays and judging by the time it is taking they must have a massive backlog with alot of investors voting with their feet. The problem is of their own making and yes heads should roll. I have now sold my shareholding and will be moving my current account elsewhere soon. I have no confidence in this outfit what so ever.
As a shareholder and a regular customer I am coming to the conclusion that Sainsbury`s has lost its way and I am considering leaving both as an investor and a shopper. Prices at the store are all over the place with lots of products on this magical �1 price ticket every 2 or 3 weeks and reverting to closer to �2 in non promotional periods. So unless the product is perishable it only pays to purchase when promotions are on.This is turning into an upper class Poundland.
With a trading statement due tomorrow there is no way they are going to respond to an e mail from an investor.
The price at the moment is IMHO a real bargain and should recover by 10 % quickly. Plus there is an outside chance Merlin could be a take over target.
If the Starbuck`s contract was very low margin work and the directors can replace it with more profitable work then investors should be happy,but need to be patient. Most brokers on both sides of the pond have a buy rating on the shares and feel that £3 is possible in the next year.
Can anyone explain why the shares are still suspended?
In the last month the Capital Group have taken their shareholding above10% and Deutsche Bank have taken their shareholding back over 5% again. They obviously know more about the Company than us private investors and seem confident that the shares are undervalued and due for a rebound soon ,or maybe a larger generic pharmaceutical company has Hikma in its sights.
There is a big spread at the moment.Bid 8/Ask 9.5. That is a high ask given that 3 million shares were sold yesterday afternoon. Something brewing? News soon?
In the last 6 weeks the share price has dropped from 130p to just over 50p. I am of the opinion that share price will recover to about 70p when results are announced on March 7th. Unless of course there is yet more bad news and if that is the case serious questions need to be asked about the Companies management .
This Company`s success was largely based on very clever branding playing on the letters FCUK. Whilst this branding is less prominent it is stale and no longer humorous and should be dropped completely. IMHO a complete rebranding is required if the company is to recover.
Can anyone explain why the share price( hovering around 6.5p) is considerably below the last indicated NAV of 14.46p ?
I personally think this wave theory is nonsense. I feel that unless there is some significant news the price may creep up to maybe 10p by the end of March. If that is the case it still represents a gain of about 12% on todays price.
I think the key factor is Gatemore having increased their shareholding in DX over the last few days to over 11% They have a significant holding in French Connection and when you refer to their website they are publicly writing to the FCCN Board pressing for Board changes. I would not be surprised if they are in contact with the DX Board seeking changes to the Board or Company strategy. The fall in the share price since flotation is clearly unacceptable. February is going to be an interesting period but where will that share price end up?