The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
You may remember ex div today - 6p !
It has. Off you go !
Gordon Bennett. Thats me put in me place. I did say barring shocks. Im shocked. Has GB gone bust and shut up shop with no one going to buy anything ever again. Oh no. Glastonbury tickets sold out within hours of going on sale and foreign travel also booming - M/c airport desperately trying all sorts to recruit more staff. I thought Kwarteng is on the right track. Whoever is in charge of this mess has a job on. We know labours approach - hit the creators and give it away to the idlers. That idiot Sunak didnt need to give away the family silver but Kwarteng has to do something to ease the energy pressure. On top of that he is doing his best to get wealth creation moving. He needs our understanding and support imo - and patience. Give em two years and see how it goes. I like Truss. She has balls. She isnt a popularity seeking idiot like Fatso Johnson and she is a proper Conservative which we have been sorely missing since Thatcher. Just need to see what Tory policy Braverman has planned to sink the dinghies faster than the pound
Looking at todays trading pattern it would suggest the bottom has been reached barring shocks. Still some hefty sales though. Why would you at this stage?
Well Im glad I didnt have a dip on Tuesday. I figured we are still in panic mode. I reckon most of the problem today is the useless BoE under the even more useless Andrew Bailey. A socialist in charge of the BoE - asking for trouble. Lest go .5% say I. No lets go .75% say I. No .25% says another. Nowt like an agreed policy in a time of crisis. Lets go down the middle then neither one nor t'other. Enough to damage the REITS etc and not enough to suit the finacial sector. Add to that his almost triumphalist cry of 'Britains nearly in a recession you know' like a nasty school kid who has just discovered a juicy bit of gossip about a classmate. Like everything else in the country its a shambles.
Looks like you were right though Ant. We must be close to the bottom now - maybe 145 as you said. Its 'probably' a good one to buy now and hold for 12 mnths to 2 yrs or so. As I say life will go on and its not like no one wants what they have on offer
Amazing. Everytime I think this must be about the base it surprises me and falls some more. I like to muse about the psychology of investors. I note there are many sales at the moment and one was for around 23,000. I appreciate that its probably going to be a while until BBOX approaches anything like its fairly recent glory, that there are probably better returns to be had elsewhere currently, but it must be a while since anyone bought at much below its current price so I would imagine those selling today are doing so at a fairly hefty loss and are a bit after the horse bolted. Or maybe there are a few left yet to bolt. The company itself hasnt done anything wrong. Its an often cited altruism that those that allow themselves to be panicked into selling on a bad day probably dont really know why they bought in the first place and more often than not are the losers and that those who hold their nerve and buy when the price is unreasonably low will usually see good return. My view for what its worth is that yes energy is high but people will adapt. Life wont stop. i was just looking to rent a holiday cottage for a week. Most are booked solid well into next year. Went in to a pub for a drink yesterday. We had to sit outside because every single table inside was reserved for meals. The markets are in panic mode at the moment. We all know how fickle they are. The other thing is the war isnt going well for Putin. He had better stay away from windows and buy a longer table. But if the war ends - and its beginning to look a bit of a fools errand then the market will react accordingly and another altruism is that there arent many great days on the market so you dont want to miss em. Now then should I buy some more?? Not at the moment - there is too much panic and I havent got the balls :-)
Buy the dips ! Should be plenty opportunities :-)
I am sure these brokers do their ratings with a dart or just pick a number depending on what is in the days papers. Looks like Barclays just worked out last week that there is a cost of living squeeze and are now using Baileys inflation predictions.
yes id picked that up - eventually! but hadnt made the connection. Cheers. Just shows though how touchy the mkt is at the moment. The knock ons are so tenuous
What caused that drop today then ?
Nick
I expect it to. For all the doom and gloom ( a lot of it generated gleefully by the MSM) life goes on and people adjust.
At first reading looks good enough to me and pretty much as expected (hoped for). Also interesting is NXT reporting increase in sales although the mad dash for on line during pandemic has slowed amid return to bricks and mortar and analysists reports that on line sales growth have returned to pre pandemic levels ( which would appear to be born out by NXT - unless the reports were based on that). Also I note that Amazon is recruiting staff. So all in a ll a good start to the day. Just need that bloody war to end
Yep. A rise rather than a fall would have been more hoped for cos the price will fall tomorrow. Lets hope the results blow the market away !!. I cant see them being bad at all.
I just read the news item opposite. Virtually all are about some broker cutting price targets . Its ridiculous. Anyone could predict which companies in which sectors are going to get rerated downwards at the moment. Hardly news is it.
The ughuirs and the Tibetans may disagree with you
Not a conincing analysis 'anyone know anything? I took a punt' :-)
Whether related but interesting that SHED with the higher yield has bounced >3% whereas BBOX is up only >1%. Probablt is causing a drag
Similar view to yours TD (not Waterhouse is it !!) Ive said a number of times this past year that the divi/yield needs to catch up to the sp as its too light. I think you may be a tad under at 6.7 - 3 at 1.675 and hopefully 4 will be fattened as best as poss but should be enough to give us 7.0p but at current price still only gives <3.9 yield which doesnt compare favourably with SHED at 4.6 and then say HFEL (fund I know) but nearly 8% yield which in todays climate is very attractive and twice that of BBOX. As they have to pay a set amount of income to divi I guess there wont be much spare for wriggle room and if the divi starts to drop as a result of consumer belt tightening then there could be trouble ahead as the song goes. Not that we are not in it already ! Thats my penneth anyway
Hopefully but Dow has taken a bit of a bashing and we tend to follow. Some good news would be in order for a change
Its hard to disagree with you. Now about 15% discount to nav - maybe more after this am's announcement. One things for sure imo is that this sell off is way over done on sentiment and maybes alone . There can be no figures or calculations that support it. I would imagine buying at these prices must be close toa certainty for banking profits at some time in the not too distant future. Its what as an investor I used to look for - sound profitable company paying decent dividend at a very cheap price with growth potential ( more so now than a few weeks ago) and cheap because imo the market got its knickers twisted during a panic attack. I topped up at 195 thinking it was overdone. Im sure it is now.