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Xmas update are generally bad for morrisons. I think it will drop by 2-3% initially and then will begin to fall continuously. Back to 170p I think
Thats because of market.. After the Centrica result, UK market never recovered and continued to fall. Centrica at 42p should hit the floor. We should see upward momentum from here.
All the best if you are still holing..
Its normal for the share price to drop before the result. But it is also a good sign that most the sellers are disappearing today, which means most likely it will open positive tomorrow. We are not far away from hitting the gold after digging this far.. Fingers crossed.. Good luck to all who are still holding..
First of all, Congratulations on buying at 32p.. From my point of view, you should hang on to your share and top up on profit as company make progress. Remember british gas is still the largest utility company in UK. With new CEO, We have already seen some progress being made in terms of cost saving, bringing customers back by launching British gas X etc. Their bad time now seem to be over. The worst one was Pandemic. Now it should only go up..we may even get dividend. All will be clear on friday..
Good luck!
You will be pleased to know, blackrock who shorted centrica has now disappeared.. It could be that they have decreased their short position to below 0.50% or may have completely closed their postion..
Well done.. holders of Centrica!
This should not rocket... they are selling their business on desperation.. there wont be any buyer at this situation.. .
This is just to push the share price I am afraid... I am short and will continue to short above 50p just like other hedge funders
Thanks to my expectations, predictions or what you call it.. "by 9th september, centrica should be trading on 70p plus so should stay close to exit FTSE100"
Looks like not very far away from it.. Centrica will remain on FTSE 100 and even if not, it wont take that very short time to get promoted to FTSE 100...
Bad week will be good week for centrica LOL!... My entry point was 72p... although I missed 71p.. Anything below 71p will be a big opportunity to buy for me and will top up more and more.. At current price, 1.5p and 5p dividend still looks very sweet LOL!
Happy days ahead... LOL!
"The bad news at the end of the month was inevitable and I sold everything in this share and I have no intention of buying back" You have sold at the lowest price and wrong time. Just like you many investors sold it on the result day. But now its all done. Dividend is now cut more than expected as it was a dividend investment stock, all bad news (internal and external) are already factored in. Moody outlook was also out and even Conn will be gone soon.. There may be few more downward pressure but this should be the end of it.. What more bad news can come out if one can imagine???
Anyway, to me its the best time to buy. If not atleast not the time to sell for other holding investors..
GL
looks like we are now close to bargain price. Although FTSE 100 relegation still exist, investors will consider it be cheap enough for long term investment. We should see a steady rise from here as all the bad news are now priced in. 71p should be the bottom. I hope I am right (mostly)