Member Info for madrugada

I would imagine it's the result of dividend repayments purchasing shares. It should go back into the 250's in the coming months assuming normal markets. It's a well run company and pays a decent dividend.

there's no information on the LSE's website regarding dividend payments. how much are the?

It seems a group of shareholders started a prayer group and petitioned God for help.

When will a final decision on Heritage's appeal against Tullow be announced?

Can anyone explain why this has fallen from 290?

Phoenix and other insurers should take legal action against the FCA to recoup loses incurred after Friday's events. It's inconceivable that Wheatley can continue as all trust in him has gone. He should have been sacked for incompetence with immediate effect. Then again, look at the mess of the Royal Mail floatation. Who pays for the cock up? Why no one, of course. I notice that both the Telegraph and FT have been awfully quiet regarding the above events. Do they harbor an anti insurers sentiment? It seems so. I expect Phoenix's share price will recover in the coming weeks.

It is a good entry point but I would have divided my ISA allowance over a trading range. The Grand National is usually good for bookies together with the World Cup. Of course, if England win it...

Why didn't you wait until it goes ex div?

I would wait until the results next week. The markets are in a state of transformation due to a number of factors which is increasing volatility. Look how weak banking stocks are . Even Russian equities.

Anybody know the identity and intentions of the buyer of the 10% stake? I take it they thought it was a good price. Why would someone pay 275 knowing the share price would fall?

Can anyone explain today's drop?

I think the Chinese are back and building a stake with the intention of buying the company. As I have written before on this BB: the share price has been manipulated downwards to scare pi's.

Miningman: I don't think so. Rio is in a stronger position regarding production. Last year sentiment was poor. Miners unwanted . Look at the share price of Glenxstrata. Remember how it fell like a stone? Glen came out with good figures yesterday and it's share price has been resilient. Both companies pay a decent dividend now. I am surprised that Rio hasn't held 350. Today it went ex div, but I expect it will return to that level by the end of March.

Does anyone know when the results are due to be released? I can't find any information on their website. Thanks.

Opinions regarding value are just opinions. ABG was grossly manipulated downwards. Brokers and IC helped destroy confidence, hence the heavy fall. Do your own research then form an opinion. Invest if you believe a company is undervalued. Beware of the subliminal influences that play with your reasoning. Going against the consensus of the media takes courage and patience. When this share was £1 IC still wouldn't recommend it. That is truly shocking. The message : look for value.

i held this last year when it was trading over 200. Since then a lot has changed. The dividend has been abolished and it's fallen of a cliff. Is it cheap enough to buy as a recovery play? it's a bit disconcerting to see all the director sells, then again only 30% of the shares are on offer.

There is divided opinion on a takeover.Some analysts believe it will happen, others, that it won't owing to their high valuation. In life, if you want something and have the money, you buy. You have the attitude, I know it's expensive but I can see opportunity in the deal. Norwegian and Swiss insurers can afford it and are looking to develop their businesses. Regarding the dividend cut: it was expected but poorly presented and explained. Simon Lee is a dunce at pr and i have little confidence in his management style. The man just doesn't convince.

Goldman can be contrarian to manipulate share prices. Their business ethics are reprehensible: " lower than a snake's belly ", should be their motto. Do your own research on Rio. Do you think a valuation of 2500 is justified? Clearly, other analysts and the market have another valuation. They have often downgraded a company to encourage a sell off, then appear like vultures feeding on a carcass. Six months later, it's on their conviction buy list.

Are you sure it's being paid this year? The results were bad due to weather conditions. I thought the company needed the money reinvest for future growth.

Simon Lee should be replaced. He isn't going to lead the company out of this mire. One profit warning due to adverse weather conditions is unpleasant for shareholders but a second the week after due to poor management and compliance smacks of incompetence. He doesn't know what's going on in the company. He couldn't even be bothered to turn up at last weeks meeting. My impression is that he is a very poor communicator and leader. He managed the dividend reduction poorly. Regarding a take over: the company is poorly run at the moment. I know a number of suitors see value.