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Currently, the SP has nothing to do with the intrinsic 'value ' of the business. It is just down to those poor market makers/brokers manipulating the price to make themselves as much money as possible before it goes up when they can then make even more money. So spare a thought for them in the run-up to Christmas and hope that they can afford a few more bottles of Ch Petrus, Ch D'Yquem and Dom Pérignon Rosé.
In the meantime us poor PIs should just sit back and wait for the rise which will come - but when, who knows!
Cynical, moi!
Quite a few small trades this week. Employees, perhaps with limited resources. know something and want to make a few pounds?
I do agree Denby. Like, I guess, many on this and other larger company chats, I am retired with SIPPs and ISAs providing very good dividend income from almost all my investments. It is such a shame that there are perhaps many small time investors who cannot understand the true value of companies such as GSK. So the people playing their silly, short-termist, self- serving games on these chat pages, knocking Directors, being economical with the truth, not referencing where their 'facts' come from, highlighting negatives and ignoring the positives, proliferate and perhaps in a small way their rants lower the price. But I do wonder how much they really effect the price and how much is simply the market makers and algos doing what they need to do to make money; after all they are not retired and, poor things, may still need to build their pension pots.
So here's to us sensible folk who are not going to sell this UK treasure of a company!
Thanks Chester,
It would just be a comfort to see the Directors regularly purchasing relatively large volumes of shares at what are, as you say, cheap prices. That would be not only a very nice indication of their confidence in the future but also an indication that they are not taking what I have called route 2.
Thanks again and and as I said, only time will tell.
I have been invested here for too many years and am, of course, down a great deal. Many years ago I had shares in a promising company called Scotia. When it collapsed it taught me a lesson that I hope does not apply here. Directors have essentially 2 options when running a company and looking to their retirement/exit strategy. 1) Build-up the company and sell it for a huge amount and retire with a great deal of money, and with luck still have a retainer for regular, on-going cash. 2) Rip-off the company whilst drawing a huge salary plus benefits, pension and so on so that when it does collapse they can walk away with years of cash in their pockets and a huge pension pot. The CEO/Owner of MD of Scotia opted for route 2.
Unfortunately only time will tell but I am becoming increasingly concerned that the Directors have opted for route 2 on the basis that the business is all smoke and mirrors that will not deliver!
https://www.facebook.com/abdu.sharkawy/posts/2809958409125474
https://www.facebook.com/abdu.sharkawy/posts/2809958409125474
https://www.facebook.com/abdu.sharkawy/posts/2809958409125474
https://www.facebook.com/abdu.sharkawy/posts/2809958409125474
https://www.facebook.com/abdu.sharkawy/posts/2809958409125474
https://www.facebook.com/abdu.sharkawy/posts/2809958409125474