Member Info for my2penneth

ULVR is just under 1.8 of my p/f. IF the share price falls further I will "top up".

bob6 - the long term investors need not fear with a company such as ULVR. New investors might want to wait awhile. The company is buying back shares and this is supporting the share price...but this finishes in Dec 17. The next question is will ULVR seek savings by a single listing on the (we hope) UK stock market? The forecast yield is now about 3.3% and ULVR is starting to move into the attractive \one for defensive buyers...but there is still a way to go..by this I mean the share price has to fall a couple of hundred points. Interest rate rises and the effect on bonds will cause cautious investors to move out of ULVR and into other higher yielding instruments. Eventually though it will find it's own level (share price and therefore yield). The skill will be finding this level and then buying! At the moment I reckon it is a weak buy but if the sp falls further then it will move up the scale. Ultimately though, you don't get much more solid than ULVR in the UK market. hence it will always be included in many portfolios.

I just had a look on the share transactions going through...I was surprised to see that the highest value transaction was less than 1000 GBP. This share price is going nowhere until the next update .

A lot will also depend on how much IRV gets of the 8 billion ( billion!) Framework contract from the UK government. Even if they were to receive 10% that wouldn't be too bad!

http://www.telegraph.co.uk/business/2017/10/21/state-bonanza-continues-crisis-hit-outsourcers Telegraph article on the number of contracts awarded to UK companies in the last year. Looks like British Government is ( at last!) backing British jobs! Come in folks, don't you think the French would do the same?

on PFG for a day and the sp rises. Pleasant surprise. So, I'm going away for a lot longer! Nice - keep going.

I doubt we'll see a special divi as PFG are very careful on the cash situation at the moment. I'd prefer for them to get back to business as usual rather than doling out a special. I honestly think that the chances of a special are remote. With concerns on a potential fine on Vanquis R.O.P. they will be hoarding the pennies.

Anyone looking at the schedule ( see today's trading statement- appendix) it seems that EfW will be edited by H1 2018 except for the Glasgow site where they haven't specified a date so this will linger on. GS have increased their holdings today... probably so they can lend shares to shorters. Mr Ringrose you REALLY screwed up this business. I feel sorry for your new company Syrinix!

Buy if you think it will go up within the day but I see a rights issue here to get below their covenant which they have breeched. They will be asking for your money to go towards a cost increase which they can't quantify...it's a real bag of cak , especially as they've been working on it for the last few months to get a cost to complete on energy for waste exit. This was a dividend share in the first place so whatever happens if will not be a growth Company!

Will start selling off soon. Then the shareprice will crash again.

Oh, by the way, where are those 80,000 employees they refer to?

Orange tree (Walbrock)..I read the (your?) Summary on IRV. Would you take up a rights issue when they can't cap the costs on eFW even after several months of addressing the problem.? It is not investable at the moment. Disclosure..I owned about 6k of IRV and am down by circa 80% ( ouch).

Before you jump in a " bargain prices" , read the trading update.

I see he's got a new job working for "Syrinix" ( they must be desperate) ...I wonder if he'll screw that company up too?

I see Woody has added some more https://www.fundstrategy.co.uk/woodford-ups-provident-stake-shares-double/ The papers today report he has added about another 1% but I think that he had already had a top up a few weeks ago based on the values of his funds.

denby - yeah - you got me there ;-) but hey, any positive straw ! (The TMF are a waste of space if I'm being honest).

yep, small flutter at 204 too.

http://www.fool.co.uk/investing/2017/10/16/why-id-buy-this-turnaround-stock-after-todays-20-share-price-fall/

This is a FTSE100 company with a valuation of over 4 billion. As soon as there is the whiff of bad news the institutions hit the panic sell button and you get a massive overdone sale. It's not a bad time to buy into CTEC for the first time though!

Shorters will be burned ? They managed ok over at Carillion. They've been slowly winding in their positions over the last few weeks (not much to short now - the risk is that someone will come along with an offer, so the risk/reward ratio is low). With PFG. there is no dividend so there's one less expense for the shorters - just the cost of borrowing shares (they've already sold enough to pay the borrowing costs when the sp increased last week). They're not stupid, they do this for a living and most of them are PhD level engineering/science grads - not hooray Henries! They have rules which have been set up from experience and - like the bookies - they usually win. The mere presence of a high degree of shorting should make one concerned.