Short time I think. A lot of retail investors about to get very burnt on this one in my opinion. Definition of a bubble
Yes am just waiting for initial hype to die down there to get short there. They also have a falling user base so totally insane valuation. Mind you 800 million here comes close. Seems the world is in a giant bubble at the moment
50million absolute chump change in the US
Actually spend half the year in California. They have zero chance (around) in my opinion of making headway there. No understanding of the US property market I think.
Got to be the short of the year?
On a different note Brexit could be quite good for Next of course. As exposure is mainly UK then the single market issues play less of a role. Also when Europe blows up properly could be good for £
Whatever you think of share buybacks would of thought now was the time to do it if any. At least would provide some support
I agree to some degree as consumer spending moderates. However this share has been beaten up very badly indeed. Think all but a recession is now built into share price IMHO
New stock for me but looks well overdone the fall. In for a few 1000 shares. Think it must be near the bottom and if they did start the share buyback could pop. Anyway good luck
Sorry big boys
Reading around there is no doubt upside here. 10% is the minimum return me thinks. I am sure with interims around the corner the big buys will be pressing form more. Murdoch was apparently offered £18 for his 40% so I think we will go around the £13 mark. Just my opinion
And of course matched by the same number of buys. I wonder who is buying? Always the same with takeovers SP falls as individuals take profit and MMs build to sell back as price rises to offer price (or above). Check out Lavendon to see same pattern. Of course there is a small chance this will not go through but minimal given current environment in my opinion
Does anyone really think Murdoch will not get this through. Also this deal will be sweetened, particularly the takeover route he is going
Good luck with that.
That's fine but not enough for my shares
My guess would be they have a contingency in place to sweeten up to £13 . Still a bargain and Murdoch will know this is the perfect regulatory time for the deal. Happy days
Strange things happening. Obviously goverment. At 11 pounds. Could see 13 pounds here
Looks like this will get through fairly easily. Regulatory issues much easier than previous bid. Also quite possible we may see some upside on this. Worst case really is 10.75 and I would think early new year towards completion. The deadlines are actually quite tight for the government to refer to Ofcom etc. Am holding myself for final price and any possible upside, but some will feel more comfortable banking profit now. Be wary in my opinion of those advising of the dangers of holding out. Still 8% upside minimum from here and the possibility of an improved offer (remember we were £11 at start of year and cable has fallen 20% since then. Not sure if enough big holders out there but I could see £13 here by the end of the story. Anyway as always just my opinion but a really good result all around
Think the Italian vote is factored in. Just games in front of the stress test results tomorrow. Just my opinion but I think should be on the way back upi