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Deutsche bank reiterated buy but cut the target price means it has to fall.. Their target price is silly and will take several years to achieve that if turnaround at vodafone happens which I doubt with amount of debt pile they are in.
With share price so low, Margharitta will be sacked, dividend will be cut and probably new CEO from outsider may do good for the shareholder.
Thats a rubbbish statement.. You only completely reject if there better firm offers. According to media there was none apart from Iliad. This may definitely make it fall below 65p. Comparing to BT, Vodafone need to go close to 60s range on this type of news..
The main reason it rose from 65p to 70p was due to italy offer.. Now thats not on table.. its going to go back to 65p again... but this time most likely going to hit new lows... To me BT looks lot cheaper than vodafone now... atleast for BT we can expect bottom.. but never for vodafone...LOL!
Oh dear... looks like Vodafone may regret this decision and mainly shareholders especially at depressing share price.
Perhaps they may have different offer but I doubt it.. Looks like market will punish them more ...
I think these hedge funders pay these brokers so that both make their money.. Their target price was 70p but as we know ITV will fall again below 60p and try to recover... This had been the story so far and looks like it will continue till they hit finally 50p..
Well.. considering FTSE at 7645, ITV did not make any progress. For the past 3 months or so.. its been trading in the range of 56 to 65p despite broker downgrade, poor market etc. Looks like it will not reach over 65p before the result.. And with short interest still there, I think we may see it fall close to 50p before it start to rise above 65p... I hope any good news comes out before the result which I doubt will happen..
Good luck..
LOL... Yes I have.. thats how I trade.. I dont hang around with shares for very long if I dont see worth holding it.. By the way , it was just a gamble that I bought it at 48p. By the way, S4 not going anywhere up soon.. Therefore I will still put it on watchlist...
Sorrel cannot even write short Trading update properly.. He messed up with the date and then sent another RNS to correct it
This show how bad state the company is in. I feel sorry for the investors who are living on a false hope that the share price will get back to old price of £8 or at least £1 or £2 one day!
I said in the past that Shorter have information that others dont. Hence they started shoring from 49p. Although the update was better in terms of less revenue decline than expected.. Overall there was no life on the update as he did not give any positive outlook.
I think between now and until Final result on march, this will only go down..
I have bailed out... so good luck to all the other holders..
Jcj07,
I hope that will not be the case! Whatever happens we will need to brace for the big fall (if happens). But I was not atleast expecting for it to close near 40p today!
World are talking about AI.. and S4 is also AI based... hence I had invested... But all seem to be only going wrong for retail investors like us...
Lets hope for the best on Monday..
This is getting scary before trading update on Monday..
Share price at historic low of 40.4.. a shorter already done the maximum damage and waiting for big drop, these brokers sending negative messages..
Looks like it will be 10-20% down again on Monday open.
I hope M Sorrel knows that if this update will be bad, then that will be end of S4 as everyone will dump this share for good.
After went up by over 3% then suddenly fell almost close to yesterday's price... Looks like the shorters not letting this to go up at least before the result..
Tomorrow most likely it will go up big if they hedge against their short positions just in case the result comes opposite..
It would be interesting to see the share price movement tomorrow..
Looks like we have not found the bottom yet.. But who knows.. 40.50 probably was... UK CPI unexpectedly gone up, Chinese market collapsing..... FTSE been only going down .
Although I I don't have that much hope but I still think Sorrel will give positive update on Monday....
WPP upgraded.... ITV downgraded... but no broker update about S4.. However with market down .. FTSE 100 below 7600, s4 nicely staying above 43p means we probably hit the floor..
Lets hope for a good update from Sorrel!
I think Sorrel has given up on this.. .. WPP making good progress after it fell to 52 week low. Although it is incomparable due to FTSE 100 share, but still we are now going to break below 40p..
I firmly believe that another profit warning coming, that will make it fall close to near 20's range.. I hope I am wrong...
Q4 update can wait.. but we need some positive news before that otherwise we may see share price touching below 40p soon.. FTSE only going down when rest of the world market except china is shining..
As I said before, its been raising alarm about these hedge funders shorting at this low price. They don't go away so easily till the small cap company like S4C goes bust. This is not going anywhere soon. it even hit 43p...
Next update will still be disastrous I think... I hope I am wrong.
Good luck...