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Only time will tell who is right and who is wrong.
We have all made mistakes in hindsight but no one really knows where the bottom is or might be. Fundamentally, the company is doing fine.
Folks can relate this to YU in some respect, it more than doubled in 2 days after results and FCA enquiry drop.
Judge it for yourself.
Ta
Anyone knows what ex-dividend date is?
Cheers Falklands....think everyone knows what a mess we are in because of Brexit but don't forget this is UK and we'll storm out of this mess.... hold on to your shares.... long and strong.... gla
Falklands- what's your base case for 175 please? Is this your gut feel or have some sort of stimulator giving you projections??
Big buys flying in... follow the money
Dividend yield is so high that it'll be a silly mistake to not buy in at these levels
I am in... just under 6k shares... lets see how it plays out
Here's what company said in their group update for period end 31st dec 18. As previously announced, the Group expects to report net debt of c.£63m (unaudited) as at 31 December 2018. Furthermore, the Group can confirm that, of the items behind the working capital increase at 31 December 2018, there has since been an improvement of approximately £10m An improvement of £10m!!!
I certainly too don't agree with buyers vs sellers statement. Isn't that the case with any share??? All shares move up and down but one bad day doesn't mean that company is not good. This is simply market overreaction at its prime. Look at CVSG from a few months back.
Free float is a tiny 8.4mil shares (give or take) providing ii are not lending out.... that is so tiny that if herd arrives it will double up in a day!!! Think shorts know that and will refrain from speculating at these levels. Anyone got latest short positions?
I think what's important here is that its not a pharma company so 60% drop for a services company is well overdone to say the least. What's interesting to note here is that text ref to 2018 accounts is exactly the same as per previous RNS, which is a concern as BOD need to address this issue ASAP. This is important because when companies bid for a contract their financial wellbeing/viability comes under scrutiny. Margin deterioration and revised guidance are also major concerns. Despite all these factors, i still feel that £5 value write off in a day is a massive overreaction. Gla
Hi Btfath, You are in here too? Well, we seem to have a very similar taste i guess lol..... I have seen you on quiz, indv and metro boards. This one looks a very good opportunity. Managed to grab at 3.40 just before close... lets see how this plays out next week
Thought its worth sharing this, my view is RB might have to cough up more than they anticipated. Good news for us though. The Group remains involved in ongoing investigations by the US Department of Justice ("DoJ") and the US Federal Trade commission and related litigation proceedings in the US arising from certain matters relating to the RB Pharmaceuticals ("RBP") business prior to its demerger in December 2014 to form Indivior PLC and may incur liabilities in relation to such matters. These investigations and related proceedings are continuing and the Group has been in discussions with the DoJ. The Group made a provision of $400 million in H1 2017. The Group remains committed to ensuring these issues are concluded or resolved satisfactorily but we cannot predict with any certainty whether we will be able to reach any agreement with the DoJ or other parties who are involved in any other investigation or related proceedings. The final cost for the Group may be substantially higher than this provision. We note the 9 April 2019 indictment by the DoJ of Indivior PLC and Indivior Inc. This indictment is not against Reckitt Benckiser Group plc or any other group company.
Don't forget its still down almost 60% from 106p close a few days ago! Its just a case in one of America's court that might take many months/years to resolve. On the plus side we have RB who sort of have put a side a chunk to deal with the issue.... It will be very hard to prove wrong doing in the court as if that is the case then why not prosecute doctors and medical reps and RB???? They just need a scapegoat to earn some brownie points!!!