Member Info for MTSparky

As I posted yesterday the drop in revenue over April & May was an unknown risk for me so todays RNS was very welcome and informative. A 24% drop in collections for April and 20% for May. The effect of COVID-19 will also mean their customers will need to borrow more cash so it could be a bumper year. Let's see what today brings us. Anyone have any SP estimates? I would have thought £1.30-£1.50/sh.

No surprises really. This years results 2020 will be even worse than these 2019 results. Back to sleep for another 3 years !! At least they have some cash in the bank...lol

1300.00 - 1330.00 (GBX) at 16:22:46 on Market (LSE)…..bodes very well for what comes next...;o)))

Cheers Beza. I know fk all about investing in financials but I will assume Norges Bank do !!...;o))

Director buy + Norges Bank RNS. Might see a strong rebound back to 70p's? See what the day brings to us

1000 shares at 65p it is then. WTF !!

Looks like some trader just pressed the panic button. All sectors just got hammered. Nervous times !!

Looks like the SP has stabilised at 65p. Wow the market really shook then all sectors hammered.

whats the next stop then Newbie?

Bounced like a rubber ball. Climbing again now.

Will it bounce off 65p?

If you take the EPS for 2019 say 30.3p gives a P/E ratio of 70/30.3 = 2.3. Which on the face of it looks low as the PE ratio pre-COVID was about 6. The issue as I see it is what impact has COVID had on the company earnings from April to June and then for the rest of 2020. This information isn't reported until end of July. Any comments welcome !!

some chunky sells absorbed too. Looking good...;o)))

...1355p now. Steady riser...;o))

Yep. A bit of if's, but's and maybe's but with AA having an eye for a deal and £50/sh target, just a waiting game.

Also why no director deals? SP on its knees. Are they in a closed period? or maybe they think it is not politically the right thing to do.

Yes £37/sh by broker note.

looks like Sp has hit a resistance at 75p/sh. Any analysts able to shed a bit of light on the resistance levels?

Well post the Marathon deal, RRE was valued at £37/sh so £39/sh would still represent a discount to value, dependent on what deal they do of course.

oooosh !! game, set, match...lol

Yep and are TLW or PMO likely to make an investment acquisition that will treble the SP over night?.....;o)))