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It would be naive for anyone to believe that the market cannot be manipulated and market makers can have some influence,but it is often rubbished due to the number of shares in issue.
We never get to see all live buys and sells which are hidden and there is some justification for that otherwise market manipulation would be more rife and we might even get a look in.
Surely people don't believe that MM's/stockbrokers survive and thrive on their genius alone or volume.
Aside from Chinese whispers we have the algorithms now which we cannot hope to compete with.
I am not advocating that we are all subject to MM big brother waiting in the wings for the PI to buy and sell.
Still, outside of the trackers and the big find managers there are others. Some shares are openly manipulated by the shorters who pay a fee to borrow a share with the sole intention of altering to their advantage the share price and all perfectly legal!
However I don't believe there is any concerted effort to target PI's that is simply a consequence of small fry not having the clout of the bigger fry and also it is our own money we play with as opposed to investors with all the risk warnings.
Are defensives really defensives nowadays. If a defensive stock only potentially loses a smaller amount of capital is it any better than a deposit account paying 2.2%.
Maybe I've got my logic wrong but I don't really know what a defensive stock is now. I know what it used to be but they don't seem to be behaving as they used to.
I don't know if it is a proper downturn or not.Who does. Certainly not the IMF. The hacks have been foretelling a crash for a few years now so have to be right eventually.I do know I don't want to lose the gains I have made and am quite happy to keep those and look again in 2019. This seesaw is too erratic for my blood. If anyone really knew when to buy and sell they wouldn't be on here or even trading regularly.. They'd be at their villa in the South of France telling the chauffeur where they wanted to be driven for lunch.
I'm always reminded of the IPO's when considering how herd mentality combined with desperation equals poor judgement. I had a bash at Woodford but sold at 20% gain as couldn't see what would hold it up. Sabre Insurance the same with too much noise and no substance after the fantastic gain. Baillie Gifford went right under the radar for so many with full allocations (a first for me) and immediate top up a week later selling out Monday. My luck on those was pure caution. The Smithson IPO i have just cancelled my application for the SIPP and ISA (even though he walks on water in a rising market) as it will without doubt rise because of the personality fanboys but if this is a sustained seesaw market I don't want to be 70 before i see a decent profit. AVI IPO is one which I wonder will be affected as I bet full allocations will be given if not cancelled. I was hoping to build an income share collection but don't want to subsidise my divis with capital realised or not. In real terms vodafone has underperformed for years.
So it is my personal view. I take my own path as vod looks tempting with the baited divi at this price but not for me in this market as i cannot see the wood for the trees. For those buying in at 200, 190,180,170,160. How many years of divis does it take to recover the capital lost.
If I am wrong then i will have missed some gains but kept my cash so in real terms inflation will have won.
I'm not touching vod for the forseeable future but those that do and get the best of both worlds subsidised free divis and capital appreciation good for them.
I sold everything in shares and am now completely in cash, even my SIPP, well Monday was the last lot in Baillie Gifford US Growth which is now following the tech lot down the tubes.
This share may well hit 160, 170, 200 eventually but it is the divi not capital gain for most keeping it there.
I don't intend to look again until New Year.
Would anyone have expected him to do a GSK style statement and admit the divi was not guaranteed which led to a £3 plus decline in SP until some new drug pipeline was conveniently announced which came to nothing.
The more I look at this share the more I can't see where the income is going to come from in a price pressure industry. All they seem to do is keep buying without any evidence of tangible benefits in the real world of profit. I know the wonderful world of accounting can be fluid to put it mildly.
BT and Vod share similarities with their CEO's.
I think this company is too big and cannot be financially managed and is a divi trap despite what the CEO says. However given the huge number of shares i guess there is comfort that even at a loss people can sell if needed.
If it stays up past 10:30 will it tank on Friday. Maybe the acid test and as the volume of buys increases on level 2 currently who knows.
Still i guess if you buy in this week and the divi does drop it is still generous as long as the sp is stable.
Not hearing too much about the synergies and free cash flow now. The latest b/s is all about 5G.
How many have to convince themselves it will rise to where they started to lose money because they bought into the hype.
If this stays up after 10:30 it might do all day and who knows,but the divi issue won't go away and when the funds get rid eventually whose going to let people know in advance.
(Sharecast News) - Vodafone's dividend is too generous for its operating prospects, said Jefferies, downgrading the mobile operator's shares to 'hold' from 'buy'.
Vodafone "is structurally squeezed", Jefferies said, being neither a "national champion" deploying superfast fibre to customers homes, "nor pay TV leader nor remedy-taking challenger".
Jefferies said the "need to focus on debt reduction" means that even a large dividend cut "will not free up resources to invest more into projects that might enhance earnings growth organically" to deal with these structural inadequacies.
Dividend cover for the FTSE 100 group hinges on free cash flow growth, but the deal to buy Liberty Global's Continental European assets elevates leverage for "modest" value accretion.
Vodafone would require a 40% cut dividend cut to cut debt leverage to 2.5x by March 2023, analysts said.
Even if the company sold its mobile towers this would not be enough, the analysts said, as it would merely replace financial debt with ongoing service fee obligations to the buyer, and potentially allow challenger rivals access to strategic sites.
Another concern for the analysts was upcoming 5G spectrum, with the past four auctions including Italy suggesting it could face a cash outlay of €5.0bn in from 2019 to 2021.
There's a lot of conflicting noise about where the oil price is heading. The eternal optimists favour the sanctions launching it to $100 plus by January,but then others say that Saudi and Russia will make up any shortfall stopping the rise. If demand suffers it won't matter much anyway.
With all of this noise about the how bad the world is currently does anyone believe that despite the fact that we all use more and more oil that the price might be heading to previous lows simply for the fact that it has been there before. Of course i realise that it has help but just asking.
Do you really and truly believe that b/s. Sirius is like a start up drug development outfit and people have been making money off of the ether of b/s.
Huge debt, insufficient projected returns and lower capacity. Yep, a keeper for the long term! How long is long term 20,30,40 years in this case or will the debt swallow this whole at some point. How many billions will it take to keep going.Not as many as Tesla.
When manipulators are talked of does that include the company as well?
johandesilva, hog sh*t. The complete b/s that has been touted about this share is consistent with the number of wallys who keep prattling on about synergies and free cash flow. I see the broker has provided some complex b/s to try and blind the easily led with a wall of maybe figures. The broker is right about one thing though and that is the spending spree to keep market share isn't working and with diminishing returns to buy the same amount of business where is the dosh coming from. The divi is all that is keeping this afloat for now. So many companies are in deep debt sh** to maintain the wafer thin cover for divi payouts and the wise know it. if this does rise like the phoenix from the current level and assuming it doesn't drop further when will those poor smucks who swallowed the b/s at 220 and down ever get their dosh back. History on vod shows a not particularly great scenario. Thank gawd I bailed and went to Baillie Gifford US Growth Trust for now. But i see plenty on here who need their own reassurance in a forum format with others to bolster the reassurance. Trouble with all these theories is no one knew the sp couldn't read.