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Griff, thats a good heads-up useful to know. This govt couldn't organise a p.u. in a brewery as the old adage goes, leave alone a complex ticketing system.

And here's the latest on Trainline

https://www.travolution.com/news/trainline-rolls-out-new-features-to-keep-travellers-on-track-this-festive-season/

I hope JP Morgan will be able to connect the dots and reconsider their downgrade. Or face the embarrassment of a misjudged call.

The low price definitely suits them (and you (!) if you are a long term investor) but the most recent reason was the JPM downgrade with a new price target of 230p. The market seems to have got spooked by this but what they haven't noticed are the other firms and average ratings out there which I have copied and pated below (source market beat on 4th Dec):

"A number of other research firms also recently commented on TRN. Berenberg Bank boosted their price objective on shares of Trainline from GBX 490 to GBX 500 and gave the stock a "buy" rating in a report on Wednesday, November 5th. UBS Group reissued a "buy" rating and issued a GBX 465 price target on shares of Trainline in a research note on Friday, September 5th. Shore Capital reiterated a "buy" rating on shares of Trainline in a report on Wednesday, November 5th. Peel Hunt reissued a "buy" rating and issued a GBX 460 target price on shares of Trainline in a research note on Thursday, November 13th. Finally, Canaccord Genuity Group restated a "buy" rating and issued a GBX 421 price target on shares of Trainline in a report on Thursday, November 6th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 415.20."

Buying opportunity IMHO and please, please DYOR

Nicely summarised and couldn't agree more with HappyInvestor100.

This is a government that does not understand business and not least a government that's famous for it's U-turns! They will soon realise the enormity of the task they have committed to and the practicalities of it all vs the priorities of all the other pies in the sky they are chasing.

The one good thing they may have done (inadvertently) is create a buying opportunity!

Short summary. Good luck all.

1. Deal Now Unconditional

PHP has officially received valid acceptances for 62.93% of Assura shares—well above the 50% threshold. The offer is now unconditional in all respects. 

2. Special Dividend Triggered

A Special Dividend of 0.84p per Assura share is now payable to shareholders on the register as of tonight. 

3. Mix & Match Facility Closed

Shareholders who haven’t chosen between “More Cash” or “More Shares” now receive the standard package: 0.3865 PHP shares + 12.5p cash, plus the Special Dividend. 

4. PHP Becomes Controlling Shareholder

With majority share control locked in, PHP can steer Assura’s strategy—though the CMA investigation is still ongoing, so full integration may be delayed.

Jab, they 'want' to come across as morons but in fact may be borderline devious as don't forget they have a huge shares buyback ongoing (and have promised more) and the 500+ prices were blowing their buyback budgets out of the water!

Have they been honest with shareholders? - is the question.

Doesn't pass the smell test!

was yesterday's trading update always in the calendar or was he announcement brought forward? is sandbagging performance a strategy to facilitate cheaper buybacks?

if there is a timing impact relating to short-term contracts (understandably it would take time for 'coalition of the willing' to get their spend plans together), then why aren't bae or bab**** affected?

Thank you for the article. Interesting and hopefully L&G stock price will begin to perform. But equally, if the UK economy doesn't pick up, the world will know who was behind the advise RReves received! 😂

4,339,375 shares sold in early after-hours today. More bashing to come tomorrow from the looks of it!

Thanks Grezz, thats a good summary.

IMO its almost 100% speculation and shows how frail the markets can be. DOGE is not even kicked off and there are questions about how much say it will have beyond the recommendations it makes. Defence is almost always touched last and more so in a climate where Trump is going to be trying to negotiate full steam with Putin, he will be wanting to do this from a position of strength and not a position of weakness. It wont help if he starts with defence budget cuts, its just intuitive to think this.

Also look at the financials and valuations of the companies that BOA has downgraded. QinetiQ for example is undervalued at worst case scenarios no matter what model you apply to calculate the fair value, DCF or otherwise. It has good solid financials, solid order book, very low and manageable debt, good FCF, good guidance and has almost always delivered in line with guidance. Whats not to like? The BOA move today lacks objectivity and doesn't pass the 'smell' test. Let's hope there's no other reason or conflict of interest that later emerges (for BOA's own sake)

... with leverage going up and going from a +net cash into debt (vs previous period)! Lets hope they can sustain it as their leverage is dead close to their internal 3.5x limit. But a good decision to hold for those who did. The person / entity that sold 344,462 shares at 16:35 just after market close is very likely licking their wounds!

There's overall negative news on the German economy which came out in the past 2 days. I wonder if that's got anything to do with it. The results are only days away, I would hold

Sold for an Enterprise value of GBP 1.35B. Which (I suppose) implies that LGEN have passed on the debt and retained the cash and eq's associated with that business. Also the deal was always expected to be around 1.0B. Be good to see the new LGEN updated ratios. Opportunity to buy?

Whether we like it or not, we are all at the mercy of Institutional sellers who I think are taking profits and therefore trading in and out at frequencies that are more than what they normally would. Why is the question, perhaps just general nervousness, mr buffet displaying his cash buffet etc etc

Hitman1a, typo in your average calcs!

And all the best

I wish you were right Guttersnipe. But stocks just will not bounce when you expect them to, will happen when one least expects it, Murphy's law! 😅 (hoping to be proved wrong though 😂)

JDbomb74 you may have dropped a bomshell there! 😰

Hi Selpec, please remind me what's on 10th June please (your comment - waiting for 10th June or significant increase in price of gold). Cheers

Youre right many would disagree. Just look at the EPS growth over the past years. Do we even know when the next dividend is (or will be?)