Member Info for JamesOxford

Just over a week before Prudential's business performance and results for the 9 months to 30 September 2024 are known. RNS due on 6 November:

https://www.prudentialplc.com/en/investors/calendar/2024

Just over a week before Prudential's business performance and results for the 9 months to 30 September 2024 are known. RNS due on 6 November:

https://www.prudentialplc.com/en/investors/calendar/2024

I was informed about Abrdn's outflow of funds immediately after Labour's election win, but appartently the outflow has escalated considerably due to Labour's budget and concerns Labour will change the goal posts and the pension tax free withdrawl allowance will decrese from it's current tax free lump sum withdraw of 25% (up to a maximum of £268,275) to a flat tax free lump sum of £100,000. This article covers Labour's dreams to further tax 'the rich' i.e. penalise newbie pensioners:

https://www.thisismoney.co.uk/money/markets/article-14000883/Pension-tax-fears-sparking-panic-says-Abrdn.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_gl=1*14agsqg*_ga*MTM3MjA1NDA2MC4xNzA5NzYwNzU2*_ga_C9F47K6NW6*MTcyOTk0Mzc4Ni4xMi4xLjE3Mjk5NDQ2MTAuNTMuMC4xMzg3MTAyOTI3

@Aimless. So in summary you listened to JO's prediction of a drop in share price to 19p and you took my advice to not re-invest yet. If in doubt, ask JO, happy to help out.

@Aimless On 18 October when Capita's share price was .218p I warned investors here not to become over-confident when the share price is on the rise. I mentioned it had been a nice run lately, but that was to be expected after the Capita One sale and the cash in the bank. I predicted that there will be a pull-back to circa 19p prior to or at the time of the budget on 30 October. The pull-back has happened (a surprise to many, but not to me) and as predicted, the Capita share price is .1906p as at LSE close of business Friday 25 October.

Aimless did you listen to my prediction and take my advice not to re-invest in Capita as yet? I hope you kept your cash buried deep in those long pockets of yours!

For me, unless there is a continued fall in Capita's share price (i.e. too attractive to ignore), I won't add to my holdings of Capita until after I see proof in the pudding with regards to further financial improvement i.e. in Capita's next set of results. No doubt many institutional and big private investors will do the same.

YouGov's RNS on Abrdn tells us what we need to know. Abrdn are under severe pressure to reduce positions with several FTSE investments. Abrdn has issues, so no reflection on YouGov. I am pleased to have purchased several tranches of YouGov shares each day this week at these low share prices. YouGov's share price low was reached at £3.75 on 24 October. The YouGov train has now left the station. As predicted the share price increased from today and will steadily increase from now on. Enjoy the ride.

Rollercoaster is the right. Prudential share price starts at circa £6.53 increases to circa £6.66 by 9.30am today, then a bumpy road downwards to end at circa £6.54. I know many investors (includes myself) have either reduced their positions in the FTSE and/or are on the sidelines until the Labour budget is known. The dividend reinvestment today and into next week as well as Prudential's share buyback does help buffer against the current reduction/exposure from some investors prior to the Labour budget though.

The divident reinvestment combined with Prudential's buyback makes a difference, hence the increase in share price today and into next week. When confidence returns, I have every confidence Prudential will climb. I'm in it for the medium term as I know when the Tiger economies move up, they do so at a serious pace. Prudential is in the right place in terms of markets and locations.

@Longing I do agree broadly - and that you are a strong buy at £3.80. I wuld say that these bbs do not really hold much sway in the investment world, so shorters spamming them would be a waste of their time.

The budget will force Labour's hand and they will have to show through actions (not words) whether or not Labour is pro-British, pro-investment, pro-business, pro-growth...or whether Labour is full rhetoric and hot air. If Labour punishes business and investors with higher/additional taxes, then investment will stop in its tracks, businesses will suffer and growth will stall. Surely the powers-that-be have warned Labour that if they get this budget wrong it will make Liz Truss look like a hero! Labour have had 14 years in opposition, 14 years to plan for government, 14 years to plan for a sensible budget...sound familiar?!

Dividend reinvestment has started, hence the share price rise today. This should contiue well into next week.

Just to add: When YouGov's RNS results on 10 October 2023, its share price increased from £6.90 to £9.20 within a couple of days. Followed by a steady increase thereafter to £12.20 by start of January 2024. Will the same happen this time round...? DYOR

@Dartron. I feel YouGov may drop a little lower this week on Thursday and possibly AM Friday. Larger forces are at play here at the moment. I expect a YouGov share price 'comeback' late Friday afternoon or Monday in the late lead-up to the RNS results on Tuesday. Then let's see what happens on Tuesday next week. The YouGov share price could end up bigger that the 'Elvis Comeback Special' in 1968.

@Aimless. I agree with you that Capita will likely drop below 20p. I am a long-term investor in Capita. That said, it's important to keep real and not 'fall in love' with any company. Recently, I predicted Capita's drop to circa 19p in the lead up to Labour's budget (the Capita share price was 21.8p when I made that post). I do think Labour says it's pro-business and pro-growth, however, action always speak louder than words. Nothing against Capita - it's simply market sentiment at the moment. Capita's share price has risen of late, so it's easy to dump shares and still bank some profit for those who have enjoyed the rise of late; then buy in later...after the dust has settled.

It's up to you Aimless, as to when/if you buy back into Capita, but I would counsel that you sit on the sidelines with your cash firmly tucked away inside your deep pockets until after Labour's budget is known. If Labour raises capital gains on shares for investors, then the market will respond in kind. I have only added on one FTSE share (not Capita) of late, as I am happy to wait until the Labour budget is announced i.e. when the unknown is known! After which, I may be happy to add more Capita (if the share price is far too attractive i.e. low to pass up)...or wait until the next set of Capita results are known (more likely).

@Pokerchips I like to look very short term, hence the RNS results on 29 October. The other factors are seperate to the results and will take time to work their way through. As part of this, I can't help but think there will be big news within the next 3-6 months. Why else appoint new brokers and advisors? A changing of the guard...or something more. I think the latter - so I won't be sitting on the sidelines (when it's too late) wishing I invested earlier at stupidy low prices. This is why I am very happy to contimue to build my position and hold for 2-3 years.

@Pokerchips. I am not focused only on YouGov's results. There are a number of factors at play here. With regards to results - not all investors follow specific companies closely. When most investors and day traders alike see YouGov's RNS results and see that the results are positive and exceed or be in line with management expectations, then the share price will take off. In summary, YouGov's results will be the trigger (the start) for YouGov's share price to take off.

Every share price has a low, YouGov is at or near the low now. IMO

It is not unusual for brokers, institutional analysts etc. to talk down a company prior to that company's results in order to decrease the share price prior to the RNS results, in order to quietly buy the shares on the cheap. Then after the RNS results is positive, the share price rises and then the same brokers, institutional analysts etc. talk up the company and provide re-rates in order to drive up the share price to 'normal levels' and thereby make a large paper or realised profit. The classic Ali rope-a-dope. In my view this is the case with YouGov at the moment, which is why I am very happy to continue to add.

I agree with broomtree that soldiers ought to be recruited and trained by other solidiers. Solidiers don't suffer fools gladly. Ditto with Police.

I used to work with an ex-Sergant after he left the army and joined an international IT company as a Sales Manager. He was the most capable person I ever worked with. Alot of his work, pressure and people skills were clearly from his experience in the army. Respect.

@squadraazzura Thanks for this - I was so interested in the Yabble buy on the RNS on 6 August, that I missed the increase in predicted revenues and profits on the RNS on the same day i.e. 6 August.

If on 29 October, YouGov management reports higher revenues for FY24 than the estimated £327-330 million, and higher operating profits for FY24 than the estimated £43-46 million (both of which are improvements on management's revised guidance via the RNS on 20 June 2024(, then YouGov share price will rocket.

Pleased I added when I did, but in the unlikely event the share price falls between now and 29 October, I will definately buy more shares. With the RNS on 29 October, likley to be favourable, combined with the recent appointment of new brokers and advisors, I am sure there will be more news soon from YouGov Plc. It's a case of 'watch this space'.

The earlier RNS management expectation that profit could be lower than anticipated is already baked into the lower share price. The YouGov share price will only dip lower now (along with most other LSE companies) due to the bumbling fools at Labour and their upcoming budget. Unlike most LSE companies, YouGov will buck the trend and rocket updwards once RNS results are known on 29 October as these will still show increased revenue year on year and profits may well beat management expectations also. In the meantime, I'm steadily topping up for reasons outlined earlier.