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I reckon that last drop was caused by selling a chunk with the hopes of buying back in lower.
You meant to do that on Monday when it was 270p.
Sell a chunk with the hopes of buying back in lower.
Keep the rest in case the takeover comes before you had a chance to buy back lower.
It's 2022 now. Everything is LED or OLED now.
I haven't used candles since Ronnie Corbett tried selling a 4pack to that guy in his shop.
With all the selling over the last two days, I think NEX will close up on the day.
The ECB were a bit negative but the US looks like they will lift us out of the red today (then again, I'm usually wrong).
That was the ECB.
That's only 7p more than it was 3 days ago.
Show some ambition up your acceptance price.
I'm upping mine to 310.
I'd be happy to accept £3
US was down last night and US futures down at the moment as well as European futures.
NEX could move down.
I did say I'm usually wrong (but I never give up hope because I know one day I will be right).
Been some decent volume over the last two days.
Looking at the ratio of buy/sells yesterday compared with Tuesday I am hoping the sell will be over (well I hope so as I have no spare cash left).
I predict a bounce today (Although I am usually wrong on these things).
It's easy to think a shorter term profit margin reduced from 9% to 7% is only a 2% drop but that's not the case.
If that's your profit margin, it's actually a lot more like 22% drop in profit. I think that may help rationalise the drop over the last two days.
I'm still positive on NEX though.
Return to dividends will help when they are actually announced.
Also the profit margin could easily get back to the historical 10% sooner if this current inflation goes down.
Like I said before:
"The Directors Deals on 17th March:
Chris Davies purchased 33,802 @ 236.21
Jose Ignacio Garat 55,440 @ 236.21"
show at least some management think todays price is good value for any buyers.
There is a large seller which is pushing the price down.
There will be a big uncrossing trade which will change the buy/sell ratio after 4:30.
I should have waited. I went all in around 231p.
Can't complain though.
I'm with Hexam.
Well said.
Too may people looking at daily and hourly movements and panicking.
I've been in and out a few times since the pandemic. With dividend payments around the corner there is no need to worry for the anyone who is happy to hold for the longer term.
The price is just being pushed down by a large holder who is reducing their holding (and that could be for many reasons not even linked to NEX).
Once their selling is done, this will start climbing again and and some more people will have picked up a bargain.
Pandemic lasted a lot longer than I anticipated dividend payments should fix a lot of the problems with the share price.
If they start paying a dividend next year (like they say) you will be fine well before 2025 unless your average is massively over £3.
Looking at Directors Deals on 17th March:
Chris Davies purchased 33,802 @ 236.21
Jose Ignacio Garat 55,440 @ 236.21
So todays price seems like a good deal for anyone with the spare cash.
Can't believe it's down 40p in 2 days without actual bad news. It's just crazy.
Revenues are recovering well and good news on the dividend.
It's the news on the margins that has pushed this down today.
Currently around 7% but they expect to climb back to 10% by 2027 from what I can make of it.
"The Group's intention continues to be to reinstate a dividend in respect of the full year 2022 results."
They will decide on the amount after they know the full year results at the end of 2022.
If they go by previous years, payment should be made in May with an ex dividend date in April.
Also some news : www.londonstockexchange.com/news-article/WG./director-pdmr-shareholding/15480827
ROY FRANKLIN (NON-EXECUTIVE DIRECTOR / CHAIR) picked up 22,000 shares on Wednesdays price drop at 220.5p