We would love to hear your thoughts about our site and services, please take our survey here.
Will it break through 56p and hold above today?
I think we will need to wait to see Q1 24 results before this will move significantly. Q4 23 was weak. Fingers crossed for some uplifting news in the coming months. I'm keeping the faith for now
Gla.
Thanks for your observations SmallMoves.
SmallMoves, I agree with you there. The wording was absolutely abysmal. Anything he says should be checked by a responsible adult prior to release.
I think they are happy to take out the 10% stop losses set this morning and let's see where it goes from there. Since the over estimation of projected income/profit, this is an easy share for the markets to knock.
Market trickery to shake some frightened holders into selling cheap. This morning.
Other Matters
During the year, the Group undertook three activities of note which were covered in detail as part of the half year interim results announcement detailed in H1 2023:
1. The Group restructured its shares in issue to only have one class of ordinary share 'class A shares';
2. The Group undertook, as part of the pre-IPO shareholding restructure, a payment in dividends to shareholders; and
3. The Group also disposed of Crown Agents Asset Investment Management (CAIM) and JCF Nominees Limited (JCF) with effect from 31 March 2023.
@Honest_Money - Let's hope they have at least achieved the 25% increase that they promised after the downgrade.
Plenty .of people seem happy to offload prior to results. I've kept the faith. Even Vanquis managed a 5% rise today!
Gla.
Or of course, no rally at all and a push lower before results day. Quite bizarre. Any other company reporting 25% gains would be flying. Maybe they are being punished for.being over optimistic with their 40% projection last year. I certainly hope they've learned their lesson. Best to promise a little less and over achieve.
Gla for tomorrow.
Standby for the usual afternoon rally...
Up from 107.20 to ??
This share has underperformed for the last few weeks now, on the run up to results. Same pattern every day. I can only put it down to a mix of shorts and the large buyer that has been accumulating stock. (See previous RNS.) It is very strange that this has continued through to today.
This share is acting more like an Aim listed stock than FTSE. I have a gut feeling that the share may spike on opening in the am tomorrow morning on results and then drop back to sub £1. I do hope that I'm wrong of course.
Gla
The share price is definitely being restrained. Over the last 2 weeks we have seen hardly any movement at all on the run up to results. On the 7th March we were at 107.40 and it has done the same pretty much every day. Slightly up on opening, then drop a couple of pence, rally after 2pm and finish around the same as the day before. I have not seen this with any other share that I have held. Its either shorts playing or possibly the big buyer hoovering up even more shares on the cheap. It could be a premeditated mixture of those two things. Something has to give at some stage. Especially when the results come out. But the way it is at the moment, I am half expecting an early morning spike on the day of results, followed by a swift reversal to 90p. I hope that I'm wrong.
Gla.
Crown Agent Bank is a member of the group according to their website.
Does anyone else believe that the share price is not acting quite as you would expect on the run up to the results out next week? I can understand that it has been subdued while the 5% holding was being acquired by Working Capital Advisors. I can only assume that they may be contiuing to build their holding this week.
Good luck all.
A strange day at the office all round! 450k of sells to 150k of buys with the share price only dipping by a few pence before bursting upwards at the finish. Trades going through for 102.8 to buy before 4pm and then up to 110.8 before close. No idea what was behind that but I am hopeful of a steady rise up to results on the 26th. Gla
Plutus, please calm down. You have no idea what the company will decide to do with its excess cash this year or any other year.
You remind me of a friends Yorkshire Terrier that used to get so excited when I visited, it would wee all over my shoes. Whilst it's nice to see someone enthusiastic, your contant stream of copied and pasted posts are giving me flashbacks of urine soaked shoes. I'm sure you mean well.
No need to reply, I won't be able to see it.
Good call Stargate, even against a large sell off of £311k UT. Very interesting. Maybe the shorters are starting to close?
SmallMoves - wise words
Thanks for your expertise and insight Stargate. Much appreciated 👍🏻😎
Stargate, please ignore my ignorance but are you suggesting that the SP is due a retrace or that the retrace is at an end and we can expect a rise? Thanks 🙏
26th March seems an awful long way off with the shorters playing their games. You would think they will close their positions before the end of year results are published. Only 4 long weeks from today.