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Looks like Mks is following sma50
That’s made a mockery of shorting, but they are both long and short so they win either way. No doubt they will reduce the shorts.
Sma100???
Key today has been the increased disposable income from chancellor on energy, pensioners and low income support.
Psychological of course, or positive sentiment.
Good uplift in sp over the last few hours.
Jolly good show.
The likely announcements by the chancellor tomorrow or Friday will help reduce impact of price rises/inflation with £10b
This will help the sp
Only the shorts have profited today.
No forecasts for the current year 22/23 is a poor lack of judgment and a surprise.
The omission of any commentary on a future dividend is a puzzle for 2022/23.
I can only assume both will be addressed by the new CEO as they are his accountability.
No doubt a shuffle of analysts and credit rating companies to conclude and offer opinions and publications forthwith!
Here, here Paulof2 !
Well said.
With the government embroiled in parties with Labour Mks concern over a gov block on any takeover can be safely put to bed.
Looks like a conservative leadership battle is well underway and Boris is history, they will be too busy to worry about anything.
Even the 10b£ support package for cost of living will go barely anywhere in protecting Boris.
Thanks Pokerchips! Looking great PETS!
Shore capital have their best mm working on this by the looks of things and working like a beaver
Shorts have nicked circa 2% collectively already this AM
Let’s see what the real market does with the sp at 10am
Of course they will load it with debt and whatever else they can sponge up. At £3 a share it’s still easily 2-3b£ profit for PE
The 58% debt reduction is a clear signal to PE!!!
It’s only a case of when, not if. This is also Archie’s exit plan.
The decision to reduce debt (ex lease liability) from 1b£ to 420m£ -58% or give a divi must have been a difficult call.
I see absolutely no defence now at all for PE to come in.
Shorts may let this ride now