The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
No. Ask yourself, why are they doing this? There’re expanding their operations in the US. That has to be funded. I don’t know what price you bought but patience is required. Sentiment in the sector is negative, but remember, a few years ago, no one wanted to own miners or oil companies.
Boraki,
What you are referring to is the redemption of debt. The investment notes are for redemption in 2020. Those holders who do not want to receive the interest can sell them back to the company. Out of the total was it 375 million, only 170 million was redeemed. A new offer, paying 4:5% pa, to be redeemed in 2026 will be released tomorrow.
Regarding the cut to FOB'S and the increase in digital gaming tax what would happen to these planned measures in the event of a general election? Would they still apply? Don't forget these measures will first be applied from October 2019. I do think that WMH has been oversold, as have many companies this month; and it seems the good news regarding the change in US gaming and the opportunities it offers have been completely forgotten. Consolidation is also happening in the gaming sector and this low valuation does make WMH a buy in my opinion.
The opening up to the US market will more than offset the reduction in revenue from fobts. Don’t forget that reduction won’t happen until 2020. Racing and football results have been very good for bookmakers recently. If England win the World Cup it will cost all bookmakers. The dream result for the bookmaking industry in the U.K. is for England to reach the finale but to loose.
I thought the share price would be up a bit today. The bookies must have made millions.
Why is the share is down today when others like TLW and PMO are up over 5%. I noticed a similar pattern with TLW during the winter months. The share price should have been trading above 200p from January but was deliberately manipulated by market makers to keep it lower.
I know that they are a disgrace. Buses in third world countries are often cleaner and people behave better. The buses in Glasgow are packed and often with drunks. It does make entertaining bus theatre though. The simple solution is to ban food and drink. Another thing I found incomprehensible was a complete abscence of information regarding ticket prices and the demand to pay the exact fare. Surely, they should introduce a time limit on tickets so that it�s cheaper and easier to travel. Great for tourists!
This company is always promising an improvement in trading conditions. The management needs to be replaced immediately. They are incompetent. Bad weather is always a factor but that should be calculated into accounts. However, the emergence of low cost airlines as another excuse is a new one. How long have low cost airlines existed? Surely, the time has come for management to consolidate operations into those that are viable and to exit ones that are not. It seems the huge sell off today is the result of investors losing patience with the management.
Sentiment is justifiably negative in the outsourcing sector. Serco was one of the first to fall and it will be the first to recover. Better management in place with a focus on securing profitable contracts. Didn�t Soames warn about another outsourcer having problems in his interview?
Does any know what the situation is regarding patient referals from the NHS? This was one of the issues regarding the share price fall.
The fifty million shares have been bought by institutions at 157. Permira own 17.7% now. The implications are that other financial institutions have bought 5% of the company at 157. I expect the share price will climb back up over the coming weeks.
Good news for a change. I think the company’s shares were oversold. The mess at Carillion didn’t help sentiment and Soames wasn’t exactly slapping his chest with optimism. The trading update is positive. Don’t forget this share was trading at 145p a year ago. I think the share price will recover and surpass that level next year.
i don't think the results justify such a negative reaction. After all, profits are up. Perhaps, it's the decline in the order book that is a concern. But that's always the case. Sentiment is negative at the moment, especially after ULE reported poor results. Even companies that deliver good results are sold off. I think there will be consolidation in the defence industry.
You do realise that the reason why the share price has dived to this level is because of the number of loss making contracts signed without proper due diligence? Hopefully, they won�t repeat the same mistakes.
I don�t think it�s such a negative that the company decided to withdraw from bidding in the Middle East. Look at Carillion. Their ME contracts cost them millions; the parameters being constantly changed. It�s one thing to get a contract and another to make money on it in the ME.
I think the time has come to replace Jes Staley. His strategy of focusing on investment banking isn�t working and it�s clear that Barclays can�t compete with the large US banks. The shambles and incompetence displayed over the SmartInvestor move shows just how out of touch Staley is. I don�t recall him apologising or admitting blame for the shambles. He was just anonymous. Very poor leadership. He has failed.
Can someone tell me how to set up the memorable word access on the Smartinvestor site. I gave up trying to contact Barclays. What a mess. People should be fired for this. Why change something that worked well? It's not just the idiots who designed this who are incompetent but the directors who approved this. Heads should roll!
It was the Korean crisis last week that was the catalyst for the FTSE pull back. People are on holiday and August is a slow month. Then there is the uncertainty and concern about the government's policy regarding betting terminals and the impact it will have on profits if the staking amount is reduced. The government desperately needs the revenue and i can't see them being draconian. After all, isn't smoking and alcohol just as bad? Why don't they increase the tax on a packet of fags to 20 quid? One has to be patient. The share price will recover.
The share price has been held back by the fear that the government will impose drastic restrictions on in shop machines which will hurt profits. Those calling for drastic restrictions will be disappointed. The government needs money. Bookies are golden eggs. They might impose a stricter code of conduct in the form of warnings to be more visible to punters or a small reduction from the £100 maximum bet. They certainly won't want to cause shop closures and industry contraction. I think the business update on Thursday will be quite positive. Sporting results have been in bookmakers favour recently.
The results are good and normally warrant a share price increase of a few percent but the market has been in a negative mood since Tuesday. HSBC's results seem to have soured sentiment. Companies that reported ok results have seen there share prices fall. Is market sentiment turning?