The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Surely should a board member including an NED suddenly sell a fair volume of shares with inside knowledge is illegal in law and financial markets. Therefore I'm having to assume this was a panic sell encouraged by MMs . To me nothing has changed since last week say when sp was around £4 odd. Volatility and further white knuckle rides ahead but I'd be very surprised if the sp doesn't head north again next week back to £3.90 s As I've learned before never buy on the bell but let dust settle and I will highly likely buy next week . I think Nxt report v/ soon so that will be interesting too
TUI announces its results eclipsed probably by the intended RI. So results need to be super positive for investors to take up the 1:10 offer prior to the consolidation that is to follow. As for ASC who knows but I can't see a credible reason for the sp to drop to previous lows. Should the price drop to say £7-50 I'll buy more for sure as another bounce will come well before April maybe not as high as £10 but I would hope £9 area as ASC continue cost cutting and implement their new strategies as Spring begins. All imo of course
Been holding these for six months just for the expected rise once Divi confirmed today.....however! The CEO should be sacked IF the sp fails to recover back over £1 within a month . Shocking day and poor presentation in any case. The sp has failed to hold it's high of £1,34 which seems a lifetime now and will never reach that high again for some considerable time if ever now whilst CEO at helm. A bid maybe at £1,20 or less now which is forever rumoured . A costly exercise wiping future profits down in other words an own goal profit warning after disclosing healthy figures for last year. Bizarre decision indeed and now shareholders face doubt about value of future sp and dividend growth or even maybe an equity raise?? Anyway rant over as there are worst things happening right now. The Dame is now in a very precarious position now I'll be glad if she goes as it wasn't that much of a challenge to recover from the covid days to be honest.
Though I hold here I am expecting a drop here on Thursday if not before. Sales maybe up etc but profit squeezed and if it's deteriorated further even very slightly the sp will have a knee jerk drop. Maybe temporarily hit say £18 which I will seize upon. Next had a minor wobble last week and although ASC has had a major wobble and bad news now mostly priced in as I say any unpleasant news will hit hard. Conversely if ASC has bee run tightly and hopefully returns are at least stable us holders may get a spike!! It's in the balance as reflected in the static movement on Friday afternoon. It really is either hold and hope or sell and re enter at a lower price which personally the latter I will lean towards GLA
Last set of results ITV stateded a 3,3p divi should be confirmed as the full year dividend so I understand that as the final divi due to be paid in May . The forthcoming rns/ update will confirm this will be the case. However albeit unlikely if results are staggeringly better than expected maybe the divi amount will be upped say to 4p!!! But that I doubt but it would kick the so into new highs I'm sure.
After last week's false dawn the sp is back on the floor and may fall further and hit £1!! Shareholders need that 3.3p dividend confirmed on 10/11 along with stellar figures to kick this company back into investors good books. As for this week I think we will hit a new floor before the recovery/ divi announcement . The latter a must.
Extraordinary fall from the high in July of £1.34 and then the continual gradual drop over the last 3 months. Now at February levels /second lockdown when advertising/production levels were weak.
At first I thought it was a deliberate attempt to shove ITV out of the FTSE100 but that failed. I think one main reason for this decline is the simple fact their is no dividend so no reward to shareholders whatsoever and so fun and games ensues using different methods of making profit using ITV shares whether it be shorting or other means.
Alternatively ITV is up to a surprise Rights Issue which would be a complete curve ball and why?
The results due next month should reflect a very healthy balance sheet but the Board need to get a grip and announce a healthy reward to long suffering shareholders within the Results. Certainly not a derisory offer which I feel would go down like a rat sandwich.
Takeover rumours are for me non existent as they could have approached ITV well before now in the last 18months however Im sure most would jump at 1.34 now!
Hitting the absolute floor now so breaking it we head for the £1 which is way way undervaluing ITV and I'm in for ****loads if that ever happens!!!!
I bought recently in the hope the sp would hit the recent peak of 1.08 again quickly then sell gaining a neat profit....However since the founders have decided to announce their retirement and sell this has spooked the sp. Albeit 25% over 10 years (now 23%) does seem an oversold knee jerk Market reaction but the sp has not recovered still despite the encouraging news re Covid.
Im thinking that as the sp pre Covid bounced around 1.25/1.65 then crashed to the 40s and now we sit at 87 the Market deems that is the true value particularly as the aforementioned decided to sell at 94p ( clearly not expecting a full recovery anytime soon this year and sell above £1 at least) thereby putting a ceiling on any near term rises.
Maybe in June the sp may gain confidence but SGC along with the other rivals also need to prove they can survive and operate again without Govt support which if i remember ceases 8 weeks after the removal of all restrictions . I think Im locked in for a while here .... a long while unless I can confidently average down safely (Plan B) or a pleasant recovery occurs soon but i am not holding my breath for the latter. Just my thoughts
The staggering unprecedented to losses have already been announced back in November and January so unlikely matters have dramatically worsened between January and now if anything the general scenario has improved for the later months of 2021. So that's why I think the Market will be focusing on what lies ahead this year along with any new positives. But there is always the worry nevertheless of a spanner ( literally)
Surprised no mention of half year results due this week as they were announced this time last year and 2018 around 13/14 Nov. I assume they aren't due to Covid exceptions. Also surprised no rumours or news leaks regarding US sale
Since THAT rns last week the brakes and maybe a little doubt have been applied and emerged. Annoying and with the wording just maybe the sp will drip back to 30/9 levels. A good top up opportunity albeit paper profits disappear after that euphoric 38p bid price which now seems like a dream. (I knew I should have sold out then but greed overwhelmed me)
Looks like patience is needed again for this rather long drawn sale which the price tag is an unknown which to me remains a tad concerning nevertheless as others did moot seemed coincidental matters turned once the £1bn MV was hit.
Personally going to place an order at 31p just incase another surge happens as suddenly as the last which EUA has a habit of doing as I dont intend to screen watch all day every day.
Seems to me all sells hence the minor drop 37.80 was the bid price
£3bn offer being touted now. So that is to include the monstrous debt of £2.76bn debt. So 602.2mln shares in issue = 48p. Have I got that right?
Hmm.. good news but dampened by the significant equity dilution threat. Market suppressing price maybe to keep price at low ball 40p but the selling has started and no expected spike this am. Not sure how to play this as the offers expire 1/9 I think so 4 weeks to go and in between that the results on 11/8
So far its not rocketing as most expected more like spluttering.....so far
This seems to happen quite often with WMH but not as excessive as 888 when shorters or 'others' are determined to remove the latter from the FTSE250 as has happened before. With WMH it seems after every peak or so a trough arrives whether it be profit taking or adverse news or just market sentiment and the sp enters into the doldrums. I think the fact results are not due til 5/8 there is a lot of mucking about to be had by the more significant holders. Plus I am not discounting a bit of anger by some investors missing out on the Primary Bid and so are punishing the sp by shorting or just selling to the present levels. I have seen this before (and very common on AIM)
As for the Gambling review that maybe a knee jerk but any further Acts /Reforms will take time to filter through methinks
Cv19 obviously a concern but not really a damaging revenue hitter to WMH as we have found out.
So in summary I am thinking this is a vengeance sell added with market sentiment. Im underwater (now) and this trend may continue to 109/106 at a hunch where the sp oscillated weeks before. Insaying that 112/115 was another little barrier.
I would say I am not expecting 1.50 again until August providing results are healthy and Trump /Pence+ virus have not destroyed the US populace.
All personal hunches but WMH drop is not a concern to me more of a fine opportunity to buy but of course when , maybe now as it rises as I type? GLA fellow investors
Indeed before this terrible virus swept through the World the AA was chuffing along sweetly despite the shadow of Bond debt and distant(then) refinance. However now in July almost and though business probably down say 25% or less thats enough for sentiment to change.
Before you start still have plenty in AA but although underwater now but reasonably relaxed I will wait and see if the sp rises above 25p again.
This share is now either woefully undervalued for reasons outlined by fellow investors and myself or is a honeytrap where a trapdoor will open due to the shorting and concern over Bonds and the eyewatering interest rates to be paid. The results need to be healthy and upbeat and perhaps that review about loyalty charges to be dismissed.
Its more risky now thats for sure
Lots of holding confirmations but little positive effect on the sp. The % of shorts is low in comparison to previous year/months as well so nothing obvious there. Someone has already mooted the possible fact AA is stuck in a 22/30p range which the way the sp is going north is believable (and I have sold 50% today at b/e as getting a tad nervy with the market sentiment overall)
Personally I think this is being traded by the 'big' boys and may well be being shorted in smaller than 0.5% holdings as a trading update is not due until 7th/8th August so plenty of weeks to muck the sp about unless C19 gets a grip again in which case back to the mid teens maybe.
This 'effing' debt o/s due to bonds is a concern and the AA need to start hinting a more positive plan ahead re refinance and sharebuyback seen that was agreed in the AGM.
Of course the other nagging problem I have having seen other investments do this is an Equity raise but the AA need the sp much higher so I am dismissing that in the short term.
All above purely my opinion but gutted about the selling today as I was hoping the sp would be in mid thirties now making a nice profit but alas no!!
Im guessing that they are now just in single figs going by the 1% daily reduction. Todays holding reveals a date of 19/5 so although volume has pitifully dropped in the last two days just maybe Parvus are just below 10% close of play today.
Going from previous experiences of a large holder dumping Im thinking a spike is needed to encourage buyers (falsely) into thinking the sp is rocketing finally whereas it is in fact a last dumping effort to avoid a protracted stagnant sp. It might therefore shot up back to 30p again then to drop back.
Just speculating though
Hmm... seems to me that having read those bland replies from EUA that the due diligence has still not been fully met. Im thinking / reckoning that EUA are struggling but endeavouring to satisfy the new Nomad about 'something' that is clearly becoming time consuming or has to be validated. The Nomad is in no rush they are just doing their job but it would seem matters clearly not addressed still even three weeks after the last update. Every 'intention' to me implies EUA are trying their damnest but still short of meeting criteria for Nomad confirmation. Confidence waning here as it's becoming a nail biter now which isn't great for a company that's been around for 25 years.