188c/share to be maintained throughout 2016 and 2017 according to update today.
Many oil companies will go bust due to Saudis/OPEC's strategy - Shell will not be one of them.
So this fell more yesterday when the FTSE was UP >100 points than today when the FTSE was DOWN over 200 points with every sector getting battered.
What more proof does our so called regulator need about the state of the markets?
#manipulatedtothemax
RE: More manipulation I'm afraid...19 Jan 2016 17:03
Jnash for someone not shorting this you sure like spreading fear!
Most people agree the current SP is absurd and most brokers target SP is twice the current SP.
2 Million pound buys today to boot.
This was £4 not so long ago. Nothing much has changed. Banks were happy to pay 280p in the placing just a few months ago.
We are not talking about a commodity like oil or iron here!
2 colossal buys today and a buoyant market yet the SP drops!
12:00 153.00p 598,672 £915,968 Buy O
11:57 153.00p 538,186 £823,425 Buy O
Where are the regulators? Are you watching?
For this to happen it will need a market cap of ~ £4Bn+ most probably.
Current market cap £3.9Bn so not far off.
Needs to build on this week though not regress.
You can't base a recommendation based on ONE store!
This an international chain with stores in Spain and Ireland.
Every store I have passed is always packed.
TESCO's results are expected to be pretty dire so anything half decent should see positive momentum continued here.
I still think an M&A/Private buy out is a strong possibility with MRW.
Decreasing debt would only help this to happen also.
Now we know why MRW escaped the recent sell off in the markets and remained remarkably resilient.
I was amazed it remained around the 150p mark.
BUT what does this say about the wider market?
Quite obviously word of their performance this Xmas and their improved results were already known by the people that matter!!!
How rogue is that?