Member Info for MattTheBrave

Yep it does feel like groundhog day again, but I've had this in quite a few stocks over the last 10 years (I remember wondering if Astra Zeneca would ever get out of the £20 to £30 price range (broadly stayed there between 2004 and 2013), but when it broke out, it flew. Sometimes its just a case of keeping the faith, and if you like, trading a few out at the top of the range (c£9.50), and buying a few back at the bottom (c £8).

I don't think they'll be able emulate the 209mn seen q1 last year, which itself was an increase of 62%. CMC talked about being one-third above pre-pandemic levels, which if the same applied to IG would mean Q1 revs of c£170m. Anything north of this figure should be considered a good result. At least IG have some higher growth areas than CMC eg Emerging mkts and TT. However, we also have to remember IG have already talked about revenues 'moderating' this year which does suggest a fall. Anyway, let's see what we get!

Normally, a fall like this on a disappointing (but not disastrous) update might lead to a bid. However, Cruddas' 57% share would seem to negate this - shame.

Vestenius - :-))
Assume CS's caps lock key is missing/broken......... ;-)

Listen, you're clearly not uneducated, but your grasp of finance is very weak indeed (eg you don't know the difference between a MM and an institutional investor). I'm sure we've bored this board enough with our posts, so I'll leave it there.

That's not corruption. That's fear and greed running rampant in times of huge uncertainty. And what do you mean unaligned to the economy? Last big falls were 2008 and 2020. Following both of these falls, economies shrank by more than 10%. Your view that individual stocks were being manipulated was one thing. You now seem to be saying that all MMs and large investors are working together to deprive retail investors of their money. What's next - world is flat and Qanon is real?

Rubbish. And if you won't take my word for it, perhaps Investor's Chronicle is more to your taste.
https://www.investorschronicle.co.uk/shares/2018/11/09/the-truth-about-market-makers/

If I thought the system was corrupt I wouldn't invest my money in it and I have 30 years experience. What's your excuse?

Let me guess Claire - you've not worked in the financial services industry, right? Firstly you seem to be a bit confused between market makers and 'larger funds' . Which are you talking about (they're different)? It doesn't matter really because 'tree shaking' is like an old wives tale - based on heresay with no basis in fact. The truth is that a share price is simply the clearing mechanism for demand and supply. There is no MM or investor large enough to individually move prices successfully without incurring huge risk and the potential for substantial losses. I'm guess you've heard about this on this board with people like yourself. Go into the real world and find out if there are any actual examples being litigated in UK over the last 10 years - good luck.
While I'm at it, the 'buys' and 'sells' on this Board are also meaningless as they simply tell you whether a stock was traded nearer to the bid or offer. So comments like 'how is the stock going down when there are so many buys?' is meaningless. The truth is that every stock trade has a buyer and a seller. The price is simply that which brings the two into harmony at any particular point in time.

It's a fallacy that MMs try and 'force' prices anywhere because (a) that's illegal, and more importantly (b) they could actually lose a lot of money fighting the market. In truth, they simply live off the spread, and adjust bid offer as demand from investors dictate. Lots of rubbish on these sites about MMs. And no, I'm not a MM, but was an equity fund manager for 15 years so have some experience of this.

This announcement has 2 purposes:
- get's the current bidders to stop mucking about and get on with it
- alerts other potential bidders that if they were interested, they'd better make a move now.
My experience suggests that current price or a bit above might be what happens with current bidders, but £15 more likely if third parties enter. We'll see.

Approved providers are always struggling - not for profit, and often poorly managed - this is not the first to get a poor regulatory judgement and it won't be the last. The key point is that no owner of social housing has ever lost any rental income because of situations like this as the govt/local authority has to intervene to ensure the most vulnerable in society are cared for. This is a buying opportunity IMV. I've switched some of my holding in logistic RE company Tritax Big Box today into CIV. GLA

Boards like this need people who are not holders. Every holder is positive by definition, and hence if you only have holders posting, you'll simply have one view with everyone just bolstering each others' biases - exactly what you had on this Board. Folks with a different view were then castigated. Group think is a great way to lose money, but some people never learn.

No idea - down another 4% today on no news. Not sure who would benefit from lowering the share price before a bid aside from an acquirer, but don't see how they could engineer that (which would of course be illegal anyway so no-one would risk it). Just a bit of profit taking I guess.

Hit 100p today - hurrah!!

Fair enough. My in price for Restore was 170p, so not a laggard for me, and I have a lot of faith in the management team at Restore.

Could break 100p any day now.........sweet!

I disagree - RPI and CPI are both sensible objective measures of inflation. Depending on your life and what you consume and invest in, you might be exposed to higher or lower levels, but overall these are reasonable averages. Any more rubbish to post whilst the stock prices rises back to 104p?

....hopefully keep the momentum up here!

Yep - great set of figures. Still looks a bit expensive relative to it's sister company EBOX though......?

Interesting post. BBOX now on premium to NAV of 24% and yielding 2.6%. EBOX premium only 13%, and yield of 3.5%. I'm wondering whether a switch of some of my BBOX holding might make sense here...?