Member Info for PaulFG

They're holding a webcast this morning @ 0930hrs to discuss results

https://www.lsegissuerservices.com/spark/AllergyTherapeutics/events/6b256adc-9c2f-4e00-985b-d90848ce4fd0

It's good to see this buying at multi-year highs, new longs at new highs implies better support going forward.

I wonder if this had anything to do with the recent rise?
https://uk.mobile.reuters.com/article/amp/idUKKBN25R0J0

the last stake builder was that Investment house in HK - I think they ended up with 15%

Okay, even I'm raising an eyebrow now, beneath which I'm smiling.

I don't really see the problem with the Bloomberg Article, I'm and Ex Oil Trader myself and this is a very common contango play where Oil/products are much cheaper now compared to their forward price. so you buy the oil now, keep in storage and sell the future oil price - the only costs you have to take account of then is storage. It's a common trading play.

All Big Oil companies have separate trading companies and with the storage capacity afforded to Big Oil these trading companies can make huge profits. Of course it's just one part of the business.

Oil Trading Profits Soar for Energy Majors Who Made Storage Bets ["https://www.bloomberg.com/news/articles/2020-07-24/oil-trading-profits-soar-for-energy-majors-who-made-storage-bets"]

Reflected by the fact that after the initial scurrying we're now 2.6% above where we closed last night and pushing against 12 month highs. (14 @ 15p)

The last few years have afforded patient investors time to accumulate a lot of quality stock at very reasonable prices. The Chinese have quietly bought up at least 15% of the company.

I'm not saying this is going to the moon short term, but if they continue as they are and progress the development of their very exciting and potentially extremely lucrative pipeline it'll definitely be a competitor to the stellar investment profits the Tech sector has generated in the last decade.

This is why we're having a little activity this morning:
"* ALLERGY THERAPEUTICS PLC - REPORTED REVENUES FOR YEAR ENDED 30 JUNE 2020 ARE EXPECTED TO BE AT LEAST 4% AHEAD OF LAST YEAR IN CONSTANT CURRENCY TERMS "
https://uk.reuters.com/article/brief-allergy-therapeutics-sees-fy-repor/brief-allergy-therapeutics-sees-fy-reported-rev-at-least-4-ahead-of-previous-year-idUKFWN2E00W4

Agreed.
Technicals have improved the last week also.
I don't think we'll see 2200 for quite a while but am targeting 1650 - 1700 range.

On Monday Barclays reiterated overweight with a target of £22. Today Citigrouo reiterates buy with a target of £18.
Combine this with a pretty healthy dividend, even after a 33% reduction, and the company's stated aim to reduce gearing with the proceeds from the sale, some $1bn. It's looking like pretty good value to me

bear in mind it's calculated basis each night's settlement price. and the market has a lot of volatility right now.

I suspect what's weighing on the IMB SP is the downgraded outlook BATS issued on their earnings (last week?) for the rest of the year because of COVID19

I still think fundamentally this is a good value share.

Check out the Charts function and the technical indicators.

From WIKI: MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s. It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.

Basically, on IMB today two lines crossed that indicate there's more probability that the SP moves northwards. It's not set in stone it's all about probability and it's one indicators technical traders keep an eye to.

Nice close to the day, looks like the MACD is giving a bullish signal...

If you look at the technicals RDSB is a little bit in the overbought territory, not saying this is a sell signal but the charts are saying there's more probability to a pullback. OPEC is good, though it's only for a month and there wasn't really very good adherence to the previous agreement. Furthermore, news coming from Libya that they're now getting their peace act together there may even see some increased barrels coming out.
RDSB long term is definitely not a company I'm worried about, and I would envisage a progressive dividend policy once we're through the crisis. I'm just not as bullish as a lot of people seem to be about the worst being over around the impacts of COVD19.

"Quality and value are two of the most powerful drivers of stock market profits. After the economic turmoil and market volatility we've seen in 2020, it's possible that these two factors could have a major influence on the Allergy Therapeutics (LON:AGY) share price."

https://uk.finance.yahoo.com/news/why-allergy-therapeutics-could-well-095704824.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAALIe5i1asSjqA0oHjHmHEdBWTUzp5nuPizDxbz_E_C3_MCEiMexOe34DPxVSS7rHg_U6SWBvEYwBQT9R-C6dnxjLSlyJp8Zigz8JDnokhW6usZ2XEyvg69oQzAQJrcsoJWMa9B-YVH1Etz-E_JF5GKZFltxNMX6H8V_crqWx8CxJ

It seems the TUI went on to finish the day 23.84% higher at €4:15

https://www.bloomberg.com/quote/TUI1:GR

Was listening to the owners of Hays Travel on some breakfast show yesterday, they were both saying there was huge latent demand and were giving the impression that people were booking vacations , may have been more from the autumn period though.
This is all about confidence and boredom.

Not sure what the TUI policy is on AVJET Hedging but most airlines/tour operators do hedge a certain percentage forward. Which means their fuel swaps should be massively in the money at the moment, basis the underlying oil price. SO they should be booking some money there - it's a light, admittedly a tiny tiny one...