Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
That short interest of 7.47% was before the Trading update that came out this morning. Will be more interesting to see if it continues to rise after today and what basis given that results are pretty much in line with the guidance except for free cashflow which is just the timing issue.
JPMorgan cuts Asos price target to 500 (550) pence - 'neutral'
Berenberg cuts Asos price target to 760 (940) pence - 'buy'
These broker ratings are good enough to fcuk some of these shorters even if this gets to 500p
Knowbodyyouknow
Let's see what Bailey says to make this a sustainable rise. Fingers crossed!
We need to keep this to 418p atleast by Monday close- probably some know the significance of this number!
Will open beer bottles if we get there today by close!
In the next 6-12 months, we could see inflation down to 3%-4% if not the 2% target. Another rise tomorrow to 5.5% is still likely - but that could be the last one. Once inflation comes down to those levels, we could see real push in UK stocks and you would wish if you had bought more of growth stocks eg. ASOS when it was under £4 level.
US inflation is already at less than 4% with probably one more interest rate rise in the horizon - not later today hopefully. But their equity markets are looking much stronger than a year ago. UK turn next hopefully!
Perhaps UK market is now turning the corner! We have seen the worst of inflation (sticky as they say) that is gradually coming down with interest rates as high as it was in 2007. If BOE does not raise interest rate tomorrow (most likely), it could possibly mark the end of interest rate rises? Who knows! But suddenly UK could look investable with prime focus on growth companies.
Okay nothing to worry about too much I suppose. Also, moving dates does not necessarily mean results are going to be bad plus none of my comments imply that. I was just a bit annoyed by dates being changed, nothing else.