Member Info for JEF_NIC

6/11 : II (unknown) bought £17 millions divided in 2 trenches.
11-12/11: hedge funds increase their shorts

This weeks decline is perplexing! MM seem on a mission to help their fellow short hedge fund in the short term.
This share has good fundamentals; reduction in debt/ asset diversification (higher margin)/ shrewd management. I don't understand the strong drop we had this week. Patience is bitter but its fruit is sweet

Wood Group shares are 30% down year-to-date and the
company should be able to comfortably generate $400 million in FCF per year -- a 17% FCF yield relative to its market cap of $2.4 billion -- and to reduce its balance sheet gearing.

With this prospect, we expect the management to reinstate a 10 pence dividend early next year, growing to 20 pence in 2022 - a 7.5% prospective yield, MS says.

Renewables/other energy is already 25% of Wood Group's
revenue mix and growing rapidly.

MORGAN STANLEY RAISES JOHN WOOD PRICE TARGET TO 275 (270) PENCE - 'OVERWEIGHT'

What you on about? US/other based Private equity funds circling UK stocks. Several PE bidding for AA. Azzurri group was bought by an PE. Its a great buying time as these funds can buy uk stocks at a bargain.

https://www.asktraders.com/analysis/heres-why-staffline-share-price-rallied-19-higher-today/

Aviva and Admiral have a Mcap of £11billions and ~8billions respectively. AA has the potential to exceed these figures and the private equity funds are well aware of this. It just needs time and push in the right direction.

The following statement is an extract from proactiveinvestor that really encapsulates the potential.

AA is one of the UK's best known and most trusted brands, and the country's largest breakdown cover organisation. Representing over 40% of the market, with more dedicated patrols than anyone else, we respond to an average of some 10,000 breakdowns every day.

 

Overall about 16 million customers – representing approximately 51% of UK households – subscribe to at least one AA product. These products are available through our popular website, which receives almost 3 million visitors each week.

Gla.

pOO is building momentum.... I see it rallying to 50 in few days. Pmo wants to rally but needs a catalyst and if poo hits 50 it will get alot more interesting in here. aimo gla

Today's update has reduced the level of uncertainty, however it continues to linger. Hence why the price is depressed.

I do believe that today's update is definitely positive and IMO should push the price to 9p.

Provided the next update brings more good news on production stability we should see this hit 16p. IMO

ASOS: Citigroup reiterates buy with a target price of 5,000.0p.

so sale and fundraise should have brought ~£170 millions. Today cash balance £56 millions. They way I interpreted the update the debt was only reduced to £116.3m from the £137.8m. Where all of that cash in such a short time if debt wasn't cleared? It seems ted is burning alot of cash.

Tomorrow will be important day for TAs. Ted showing signs of reversal. The last 3 sessions have been good. Lets hope its a reversal and not a pullback. Need a catalyst. Come on Rachel...

ASOS on track to deliver strong profit growth for full year

FY20 PBT expected to be towards the top end of market expectations

Strong net cash position reflecting proactive actions; robust cash management expected to deliver return to positive FCF in FY20

covid-19 has changed the way we shop. Online shopping is the new normal. There continues to be people not keen on shopping in the high street due to the virus. Those 'new' online shoppers will search for established ecommerce clothing websites. Asos growth prospects seems great. AIMO

I think ASOS is well positioned to grab BOO's market share. The damage to BOO is going to have a long term effect. History repeats itself, Ted Baker is a good example. The share price has been on a downtrend ever since founder was accused of harassments (even though he resigned). In my opinion this is worse as paying an adult far below minimum wage is an insult to our civilised society. The snow ball effect is in play. One of their major II jumped ship from BOO as response was "inadequate ". In my opinion I'm very bullish on asos and think this will rally as market dynamic starts shifting. GLA

Gold is up, dollar down ...all bullish for gold, and centamin decides to go the other way.

“Market turmoil has gold traders salivating at another chance at breaking above the $1,750 level,” said Ed Moya, analyst at New York-based online trading platform OANDA.


“Gold will see both steady safe-haven demand as many investors take heed to Fed Chair Powell’s cautious outlook and as a raft of central banks will deliver more stimulus next week,” Moya said. “Over the next week, gold will have its eyes on $1800 as it will remain powered by the stimulus trade, virus angst, and US-China tensions.”

Another chunky trade, this one no doubt a buy.

Hopefully from here we'll build a new upward momentum.

I think many traders are waiting on the side lines for a cheaper entry at 157. It seems MMs are making it difficult to breakout past 162. This seems to be in a trading range. IMO cey is having a rest before the next leg up. I expect next week to be bullish considering all the economic data we've processed this week. What's odd Hoc made a nice recovery while cey is being suppressed. IMO MMs are trying to accumulate shares in preparation of next week.

Someone just traded 500k shares, seem like a buy to me as it was sold at asking price.