Is this correct? So many buys today?
You should have shares on 6th May at 16:30 to qualify for the dividend. It is 13.65p annual dividend. Have to check for the final dividend.
10k shares cost you only £100, so you are fine . The problem is for shareholders who bought at a lot higher price and a lot more shares. Will they ever see any meaningful return? All things equal, the share price now after the dilution should be around 50p. But it isn't because there is a lot of uncertainty if the company will have cash to continue as a going concern after October this year. The price of coal is low and will remain low, so unlikely we will see any rise in sp any time soon. Yet , there is still hope sp may go up , say 5p-10p if the business continues and the production volume increases.
.. today. Let's hope that SP will slowly start going upwards. There is life in this company, a viable business. Too bad, the huge dilution with the rights issue, but with solid projects like the one in Poland, the company may stabilise. No activity on this bb. No interest from shareholders or no sharholders that read/write here? GLA
From https://www.ig.com/uk/shares-news/2015/01/05/sainsbury_s-set-for-tough-2015-21780#lb-chart 'The stock has been in a downward trend since November 2013, and my target is 220p. If the grocer manages to beat estimates the share price is likely to run into resistance at the 100-day moving average of 257p.'
Why can't Ukraine ask NWR for coal? They seem to have acute shortage of supply there at present .
I have done such mistakes in the past. Not this time - why throw good money after bad? I was considering shoting it when it was 4.5p, but got busy elsewhere, 15min later, it dropped further 2p. I thought to hedge it today, but at price below 2p, pointless + risk if it spikes. So I sold, glad did not have a large holding this time, unlike other gone bust companies. Advise, if you want take it: don't average down. If co goes, so all your money, however averaged it may be. Sell? - it's up to you. I think that if loan is approved/ or other arrangements , etc., I will still have time to get on board, if not on the day, anothe time, It's not to be company for a day, right? If it produces, sp will up to 30p, whatever. Just IMO and from my experience, no intention to 'deramp'. GLA!
It looks that way. I am considering hedging my holding with a short in case it goes belly up. GLA
So many buys, and SP keeps sliding!?! Does that mean anything to you? The more they buy, the more sp goes down, cannot prop it up! What if someone drops a large volume of shares, what will happen to the price? We'll see.
Check with your brokers first though, but this is what I understand.
If you have a short , you do not need to close your postion now. You will wait till all is finalised and the short will be closed at 0 or some fair value , if any thing is release from the sale of the company's assets. It will take time, but you will be better off. If you have a long position or hold shares, then too bad, all lost!
Out just under 266p. I'd love to hear your view for tomorrow and Friday! And Force too, would be nice, though he isn't a day trader that much! SP imo, will be lower follwoing the rally today, or you think since it crossed the pivot level,it will continue to rise? I simply didn't want to take chances. GL!
Hott, it's getting a bit hot up here, 266p. My stop loss is being amended very closely, as I won't sleep over this share. The problem is, it it opens lower tomorrow, I'll lose. As I am long now,no guaranteed stop loss available. Very nice profits today! If I can get 10% of the same every (other) day, I will leave my job,lol! Are you going to bail out too? Just wondered! GLA
I did something like you, not with that many points but still a few £1000s better off today. Shorted yesterday 30seconds to close, sold at 257 today, now went for long, a few hunded £ on paper. ,but it looks steady, so it may finish up 260-ish. You say, general downtrend-- won't it rise a bit this month, before some slump end of Dec, further down January, before lifting off again? If only QIA make a move, it would be shorter's dream! GL!
As a short, I will be better off selling before the surge of SP at last day, then wait a day or two after ex-divi and short again. Then, the market would had time to iron out sp drop, or bounce on other grounds, and if long term is downtrend, I short again. Thus jump over having my cash deducted because of dividend .