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IOM being impacted by the potential for military action over the weekend by Iran on Israel. Hope I am wide of the mark, there are enough conflicts going on around the world.
In June 2022 (I bought a few when opening my Chase bank account) the J P Morgan share price was $117, having dropped 5.5% today it is $184.58 perhaps a bit toppy.
LTI
The figures in the title represent the market cap of LLOY when they commenced the 2018 buy back (for cancellation) program and the share price was 68.80p. With a market cap today of less than £34bn that's (even accounting for dividends) a woeful performance in anybodies book. A traders paradise, a LTH nightmare.
Quite an eye opener when considered in the manner you set it out.
It begs the question as to why industry leaders have not put the question to government in the same manner. Perhaps they have and it has fallen on deaf ears. In any event once the CNS is dead, watch out Tesco or maybe the banks with Q1 results due in a couple of weeks.
Following the US inflation results, market commentators do not expect rates to ease before August/September 2024, with an outside chance of an increase before then should inflation persist.
With Q1 results from LLOY due in about 2 weeks and Q2 due in July LLOY will continue to benefit and with the right market conditions, supported by share buy backs a decent rise in sp could be on the cards.
The 2024 list has been. (very delayed) just been issued - here is what has been said about JOG - He remains bullish.
Jersey has been busy in recent years building up the Greater Buchan Area into what will be one of the biggest and cleanest developments in the UKCS as well as doing two of the best farm-out deals in recent years. With undoubted demand for a development such as this, the management deserve credit for taking this from start up to a substantial and extremely valuable prospect, it gives the shares a huge upside I conservatively value at over £10 per share.
Behind a pay wall, so don't know the full story - for me LGEN at this sort of price is vulnerable.
Allfunds, UK Stocks Touted as Favorite M&A Targets in Survey
Lower equity valuations set to drive more M&A in UK market
The UK, European and Asian markets lose ground on the back of 500+ point fall on Wall Street, only for the US to regain the a huge chunk of the fall after markets close for the weekend. Hopefully just a pause in the UK's attempt at record indices levels.
OOP'S sorry if that upset you DU that was not intentional. I'll shut up now.
I agree with many posters here, LGEN is a rather boring stock. On the plus side it pays an excellent dividend which goes a long way to easing the "boring status"
The UK market has underperformed the main European markets and those in the US for a number of years (probably due to COVID and BREXIT). All of those markets appear to have recovered well from COVID and BREXIT has not impact the Europeans to the extent it impacted the UK.
Inflation has reduced almost everywhere, Interest rates have a huge adverse impact in the UK (mainly because we are a house buying nation) but all the signs are they will be slowly reduced in the coming months.
This expected softening of rates is starting to be shown in the performance of the UK indices, if this continues and we see new all time highs (8000 points and higher) for the FTSE100, LGEN should be carried along with it, and perhaps in excess of 300p for LGEN.
A few if's and but's there, but things are beginning to look up for the UK, and there always remains the chance of an opportunistic bid for companies like LGEN that appear cheap - especially to the Americans.