The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Broader signs of retail stocks improving and lately more gains in FTSE 250 stocks signifying that investors see UK home conditions improving in few months time … I believe markets react 3-6/12 ahead … as we slowly approach summers the FTSE 250 bargains ( that we may now ) will start to evaporate and NEX not having participated in any rallies recently will be relatively very cheap stock to pounce upon.. I see this closer to 200 -220 by June
We should now just wait and watch for the show to unfold… the shorters need to buy back ( will try to move the stock up and down to shake the tree) … the same shorts will then become longs spl if their shorting didn’t work for them… it’s a process … we need to be only be enjoying the journey … more so if our buying averages are fairly reasonable … The markets moved on big time .. leaving only few value stocks … NEX was one of them..
Awaiting new price targets… big movements up and down .. stock stagnation for a while and finally if we are still stubborn for big profits … a big reward for being patient…
I am sure if any shorters have time to read comments on this forum they can feel a little anxious like we all did when they moved the stock down
Happy weekend everyone
From my point of view 170-175 is baseline number when I will start accounting for these good results and dividends…the shorters jumped around those numbers … this should be first level and any buys till then is in completely safe zones …even for traders
Great results, was expecting a 25 percent lift today
At present we only are where we were 1 month back…. Don’t know who could be selling their stocks to short sellers but they are not going to touch mine any time soon… we have seen a downward slide and kept patience and it’s time to keep patience while going up the hill… I want to see a clear view as I reach the top of the hill
Never compromise the clear view
Enjoy the hike
Will buy more this week
Contemplating big buy this week… already have a large position … thinking hat is on
Just keeping patience
When IAG was in 90’s few months back… I couldn’t understand the logic and despite sitting on active funds I let the opportunity slip…
Couldn’t understand the logic then… can’t understand the price action now
Sitting pretty this time .. not questioning too much ..
Just keeping Patrice
Only stock that has been left behind
Seen the downside of easyJet, OTB, RR, IAG
This too will rise
This time I don’t want 20 percent….
Hungry for much more ??
Such massive drop in stock price on no negative news today was my trigger for a buy…
Reading through the company looks interesting to me and I rather keep this longer than I initially thought and buy some more should be the stock corrects further
The stock has been running low and at the same time has become cheaper relative to the market that has moved much beyond….
Right now it’s difficult to find cheaper deals
The lack of appreciation in positive market is creating suspicion what’s really wrong the stock
I know many investors have recently cashed the high tide and looking for cheaper stocks
Just need some confidence like directors buying to show the right signal to the hungry investors
No CEO deliberately talks down the company… I have a feeling that’s a warning shot to the investors to be realistic for the next set of results
Even if that was the case… very poorly managed speech
Am I right in this conclusion ?
Company market cap at present is 2.6 billion pounds and profits for last year will be about 0.8 billion
That’s 30 percent return even after huge tax bill
It looks like a good buy to me provided the oil prices do not smash
Or have I made it look too simple as I am not an accountant ??
Please correct me if I am missing anything grossly
P
( relatively new shareholder )
Either me or the shorters will be right
I think it’s me this time
Hi all.. joining you guys at this board as a new member…
Had never bought this as have been playing with BP/ shell so far
Update from Jeffries prompted me to look into this one
Was very intrigued as I looked at the stock price … oil stock correction this year …
Couldn’t believe this and still don’t know the possible reason apart from windfall tax but they are getting gold out the sea…
Bought without fear
I hope this turns out to be a great investment for all of us
P
Many thanks… some times you need a bit of reassurance and belief …. Was trying to figure out if I missed anything obvious or is it just a short attack… analyst downgrades despite recent positive RNS are also difficult to comprehend
I think I will sleep easier and yes will add if my wallet permits !
Happy Christmas
Built up a good position now … does the forum thinks there is any inherent risk to add on further weakness ??
Starting to question myself
Please guide
This might be my Christmas present
now have a good position in nex and planing to keep hitting the buying botton on every 5 percent drop... it just cannot do any harm at this point