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Totally agree. This has been on my radar for some time and have finally bought in. If there is a bid, that’s fine. If not, I’m still happy as, in my view, the company is transforming itself away from traditional coal. Of course there are a few negatives to consider such as Covid-related bad debt and drop in demand but overall, in the medium term, I’m positive about Drax.
New Kainos HQ: Probably a pragmatic decision to re-assess given the current situation.
https://www.bbc.co.uk/news/uk-northern-ireland-52813604
Totally agree - was a bit underwhelming today. To be honest though, I'd rather have a company that downplays things and produces the goods (i.e., decent deals so far and hopefully a decent US deal in the not-too-distant future) rather than a company that only talks a good talk. Considering the current market conditions, steady as she goes suits me fine. A bit of a drop today but will likely pick up again. Was tempted to average down but STX comprises a smallish proportion of my overall portfolio and I don't want to change this at the current moment in time. Will wait and see what the next few months bring. I could be wrong but aren't the Universities Superannuation Scheme still a holder?
I've bought and sold Kainos several times since they first floated on the stock market. However, I sold my current holding today to bank some profit. I still think they're a well-run outfit that will continue to be profitable in the long-term but am nervous about their current, high valuation and whether the government will still be able to spend on things like digitisation if tax receipts start to drop (during any potential recession). While digitisation is probably the way forward, I'm concerned projects could be put on hold for a period and this could impact Kainos' bottom line. If the share price drops by a reasonable amount over the next few months, I might jump in again but a profit is a profit (especially when a lot of my other stocks are still under water!) GLA and DYOR.
Hi SP2
Thanks for the information - it’s very helpful. I suppose my query is the extent to which Feraccru is actually tolerated versus a ‘normal’ oral iron tablet, rather than the rate of absorption. (Sorry, I’m probably being pedantic and showing my ignorance a bit here). Absorption may be as good as IV but if levels of toleration are no higher than normal tablets then that could be an issue? At least in the US the set up for prescribing medicines is different to the UK so they may be more likely to use Feraccru. Let’s hope a deal completes soon. Could be an interesting few months! Whatever the outcome, at least the wheels are rolling in Europe and China.
Just recently bought a few STX as I think they look promising and set for a re-rating post US deal. However, my only concern is that IV iron is given to people who can't tolerate or absorb iron via a tablet (i.e, it's the iron itself they struggle to tolerate). I wonder how much better Feraccru is actually tolerated compared to other salt-based tablets (rather than comparisons with IV)? Must go through some of the corporate documents again. That said (and I'm not a medic), the product still looks promising as a decent oral iron treatment. Fingers-crossed for a good deal in the US and a move north in the share price. DYOR. GLA.
Only getting a chance to read all today's posts now. Some excellent information being provided - thanks to all for sharing. It's sometimes hard ignoring the daily 'noise' and daily swings with this share but, as I'm not a trader, I still believe that in the medium term, this should move higher. Just a matter to holding tight. The price, in my view, is way too low.
Have picked up a few of these today as a pure, speculative punt. Am happy to hold for a while to see where things go once the dust settles. Although it should have been picked up by the company, I suppose financial fraud can happen anywhere. If nothing else, I hope they get their house in order and get to the bottom of this.
Anyway, most of my share holdings are mainstream companies, so I guess this one will bring a little spice to the portfolio! Fingers-crossed!
Topped up and averaged down. Think that’ll do me for a while as don’t want this to comprise too big a proportion of the portfolio. Time to switch off and see how it goes. Good luck all!
Had planned to average down if the price hit the low 80s but held off and now think the time is right. A price in the 70s will certainly reduce my average nicely. It may drop further but hey ho, you take your chances. Be greedy when others are fearful and all that. Looking back at the banking crisis when Lehman's went bust etc., it seemed like the world was collapsing. Then came the continued bull run.
So, I'll hopefully pocket a few more tomorrow, stash them away and, provided I don't get hit by a bus (Brexit or otherwise) anytime soon, might realise some profit in a couple of years. Good luck all!!
Been in and out of PMO a few times in the past. Recently bought a reasonable chunk at what now seems a relatively high price. However, if this drops to mid-80's I'll average down as I still think it has very good prospects over the next few years. Key is getting the debt down.
Have been buying batches of these over the last few months and bought my last tranche today. Now have a reasonable holding which I plan to hang onto for a couple of years. Oil may well fluctuate but it's on an upward trend (generally speaking) and, more importantly in my view, PMO are at last getting their debt down. Hopefully, with their finances looking increasingly healthy, it'll head north. I'm prepared to give this some time to see how it goes. I appreciate there are a lot of day traders on here but I suppose I'm looking longer term. Am very positive about the outlook for PMO (with new developments in the pipeline too) but time will tell. Am happy to ride out any short-term volatility. GLA!
Apologies if this has been posted before. https://seekingalpha.com/article/4172203-bt-group-plc-bt-q4-2018-results-earnings-call-transcript
Very good read - just hope he call pull it off. Still think a clean broom might be a better option though. Guess if he doesn't pull it off then a clean broom will appear anyway! Always hard to call the bottom of a share price but at some stage you have to take the risk - hence my purchase today. Will see what happens.
Have had BT on my watchlist for some time and decided to jump in today (albeit a small amount). Am hoping they either re-focus the business and get things turned around or else some 'other' telecom entity makes a bid (perhaps early in 2019). Who knows? Anyway, I'll give it a couple of years and see. A lot of negativity about BT at the minute (perhaps rightly so?) but I'll take a punt as I don't believe they're as bad as some are making out. Good luck to all!
dvharrison - still watching FAB. Bit nervous about buying just yet as think it could possibly fall some more. Was a bit fortunate selling when I did but am trying to work out what I would consider a good entry point again. Still like FAB but nervous about AIM as a whole and the prospect of a correction. Doesn't take many trades to move this share!
Have also moved a percentage into cash recently myself. That said, thought I'd take a medium-term punt on CNA today - not sure how that'll work out but thought it was a bit on the low side. If oil prices increase, should see an increase there too. In terms of AIM, don't currently own any but have a few on the radar - such as Breedon. Am still hoping to get into FAB at some stage.
dvharrison, you could be right and I may not get in lower - I'll just keep watching to see what materialises. One thing that I did notice yesterday when selling was the lack of liquidity. Took a few attempts to make the 'normal' online sale and not opt for a "negotiated sale". Only to be expected I suppose. One thing I am quite concerned about is the current "frothiness" of the UK equity markets as a whole. If there is a correction then AIM shares could be hit hard. Have had my fingers burned in a similar scenario before. Anyway, good luck!
Still like this company but did something I don't normally do and sold out at a profit - with a view to buying back lower. Very risky strategy but will just have to see what happens over the next few days. Worst case, I have the profit. Best case, I buy again if it drops to a lower, less-volatile level. Interesting times!
Thought I'd tuck a few of these away as I think they're a promising company. Early days but potentially a growth area. Once FAB's capacity is doubled via the larger lab and, provided they maintain and develop further contracts with established pharmaceutical players, the company should do well. GLA.