Member Info for MarkBellUK

Given the sentiment if they remove the dividend I'd expect capitulation, if we are not there already, but these are strange times. What I'd like to see if director/s buying to support

Hi StockD ..I suppose what Im trying to say is I'm looking at it from a reverse perspective. i.e. Yes we should be going up as others in the sector but the fact is we aren't, so why not? It must be sentiment (unless shorts are increasing even at this level, but we have seen several reductions), so Im adding the potential dividend cut into the SFO etc etc equation

Im not saying Im right, but to be frank im now getting absolutely slaughtered on a good sized holding here, so no one wants this to pick up that me!

I think thats more to do with Wetherspoons going from 1600 to 564! in 3 weeks and the government stimulus

Buffet buying into airline stocks. Stocks are cheap but Im waiting out and watching the VIX. The VIX will usually peak first

Could be a bear trap rally! The 2000-2003 bear market featured 6 of them:-

https://ibb.co/jrC80zb

Looks like with PFC people are worried about a potential dividend cut (amongst other things). Given the amount of director holdings and that in the last update they stated the importance of dividends, I think they will hold it if at all possible..dividend cover is a very healthy 1.64 but anything is possible at the moment!

March 20 (Reuters) – Trading platform CMC Markets on Friday boosted its annual earnings target for the fourth time in less six months, as the frantic selling driven by the coronavirus drove huge rises in financial market volatility and trading volumes.

"The group has experienced continued high levels of client trading activity over the period which has been in excess of double that seen in more normalised market conditions in both our CFD and stockbroking businesses," CMC said.

CMC's rival IG Group this week reported a jump in quarterly revenue as client activity on its website peaked due to "exceptionally high" market volatility, while another peer Plus500 upgraded its outlook earlier this month.

The CBOE Volatility Index , popularly known as Wall Street's fear gauge, has recently hit levels last seen during the 2008 sub-prime crisis.

While the coronavirus outbreak has instilled fears of a global recession, a fallout between top oil producers Saudi Arabia and Russia has sent crude prices spiralling lower by a third.

High volatility tends to help businesses like CMC as it means more transaction volumes on their websites.

*Looks like PLUS's numbers are going to be off the chart

Yes, now add in the massive director buys as well to that volume...with no doubt more buybacks announced in the next results which they have already said with be substantially above forecast.....

I didnt hear it either, but at -8.1% he must have said words to the effect of "the superb trading update is all fabrication"

Ridiclous!

Thanks dber..I cant get onto the call at the minute, would you be kind enough to summarise if possible?

Thanks

March 19 (Reuters) – Financial trading platform IG Group reported a 29% jump in third-quarter revenue on Thursday, as client activity on its website peaked due to "exceptionally high" market volatility set off by the coronavirus outbreak and the oil price crash.

The FTSE 250-listed company, which provides online stockbroking and trading services to retail investors, said revenue rose to 139.8 million pounds ($161.89 million) for the three months ended Feb. 29, from 108 million pounds a year earlier.

This looks great for PLUS and confirms that Q1 will be x2 to x3 revenue, IG accruing the same this month as their already strong quarter Nov - Feb!

My wife couldn't even get onto the Aldi car park on monday.....they will literally queuing for half an hour to get into the car park and then queuing to get into the shop!

Unfortunately there aren't many calm heads, so madness prevails! IMHO a unique opportunity to buy in at a great price or top up!

All criminal cases lasting more than 3 days (I think) have been suspended....

Really the book looks ok but volume is low. fyi Mm's are forced to quote on 1,500 volume

Typical as im feeling like crap Im watching today which is the last thing I should be doing!!!

The level of disclosed Short Interest in PFC has changed materially.
Short Interest has moved from 6.85% on the previous trading day to 6.27% today. That is a movement of -0.58 percentage points.

This data is taken from the FCA and comprises all disclosed short positions above the 0.5% reporting threshold requirement.

GOLDMAN RAISES PETROFAC TO 'BUY' ('NEUTRAL') - TARGET 316 (433) PENCE

Ive been seriously long as of months and seriously hit! Ive had no time with other business matters to really think the selling through!

5 mm's now quoting....all very strange

Its still strange now. I can only see one mm (PEEL HUNT) quoting on the sell side of the book. The jump this morning was simply due to the lack of sellers to fulfil the buy order...this is exactly what we need day on day for some time (when things finally start to recover)...the sellers to dry up

Looks like a large buy order being filled....

https://themarket.ch/english/were-at-a-real-risk-of-the-financial-markets-being-closed-ld.1715