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My whole portfolio is doing the same. It's enough to make a man irate. Rational clear heads prevail. Having said that, really just cannot understand why this share is taking such a beating. Results are good, and they'll be better next year. See you all in a few months.
This is the kind of news that excites me :) I'll hold until then. It's certainly a good stock, no doubt about it, it's just I'm particularly bullish for the prospects of the pound and although investing is all about long term holding, If you could avoid 2008, you would have right :P Not that this is anything similar, but yeah. Anyway, April 27th it is, cheers mate.
Thoughts on this now? The strengthening pound seems to be lowering the price considerably! Where is the bottom, it keeps closing down every day. I was looking at 10% profit, now I'm up by 2.8% sell in profit, or wait for it to reverse?
That's what I'm thinking, there is a pretty clear trend that you can identify simply by looking at the most basic of graphs. I don't trade at all, I'm a long term investor so I'm not in a position to take advantage of trading ranges unfortunately. I was rather hoping that the FY report would push us towards the next trading range. 345 being the bottom and hopefully the top end would be retesting historic highs. We're in a better position than previous years, but alas I feel the geo-political climate isn't being particularly nice to banks regardless of actual lack of policy issues. Hell, you could name a totally irrelevant upstream O&G company something with the word "bank" in it, be producing 100k barrels a day and oil could be trading at $150 and you'd still suffer. /endrant. See you all at 400p by the end of the year.
Those guys are out in such force this year, it's really irritating me. So many of my shares have been up god knows how many %'s only to drop back again on news that is better than expected. Give it a rest BS Brigade.
Couldn't agree more, one of the strongest banks around at the moment. Completely UK based so doesn't rely on passporting uncertainty either. Businesses are reporting strong earnings due to weak pound, VM reported massive profit increases around 40% iirc. Frustrated. Thanks for responding, I don't plan on selling, I just wish I had the capital to buy more actually. Feels good to just vent from time to time.
Sickens me to see how moronic the brexit doommongerers are. We've seen the full year report, we know brexit isn't going to affect VM, so what's with the ridiculous uncertainty crowd. Frustrating to see this at 355 and now 305
Bestinvest mate
Ah really? My platform is so slow with updating broker forecasts. I'll look into it, cheers.
Well there is no stamp duty on aim, but there are still dealing fees. You're totally right, but you try telling that to the ever fickle investor who is bored and just wants to make a quick profit. These are the kinds of noobs who sell when a company reports good sales figures, but buy debt ridden trashcans like NEXT instead.
rofl Next is up 6% and Ted is down 4% it's beyond a joke. I think the reason is the underwhelming bottom line mate. 4.4% increase in profit in a growth stock leaves people thinking they can better profit elsewhere. Multiply that by the sell on news effect and you have what is happening now. I'm getting pretty sick of this stock tbh. I've held for two years now and it's going nowhere fast. People get impatient, and when you can make 50% in a day on aim, people get bored of stocks like TED, especially when the market is at a peak, the returns are negligible in larger stocks.