Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Hi, just bought a big wedge as this has a parachute from buyback to 300p so a good decision from MA for recommencing buyback IMO - let the good times roll
looks to me as it has a fair chance of up or down currently and although a good amount of support around 270 if it fell through that next stop would be arguably be 250 which does look like the current absolute bottom. If it bounces up I would hazard a guess at 300 current ceiling unless an almighty strong push up came about
Prudence why do you believe article 50 would have a direct impact on SPD share price - what is your reasoning. I personally cannot see any discernible affect on the sp here. Pound versus Dollar and trading / news updates generally move the price in my experience. As for Halliwell it would depend on who is brought in if he is off
Proving to be a bit of resistance here but news was good IMO and helps SPD to relieve debt next update will make a big difference either way IMO.
next resistance around 900 and then 950, looking fairly strong atm for a continued push up RSI sat around 47 so once it pops past 50 and holds we should see more momentum IMO. Massive drop off from 1220 - 1078 looking for that huge gap to be filled at some point in near future
Juxta I am still waiting to see it unfold. For me, I can see it touching 250 but we will see. Most indicators show oversold but it remains stuck in a downtrend and it is a case of whether that will hold or we will see a break away from the trend. All things SPD are unpredictable though in my experience, all the best.
Now sat above 20 day moving average so the word is up :)
Just bought 352 shares looks like an upward lift and breakout from downtrend IMO. Chart is looking good... http://imgur.com/gallery/5TCs1C2
Did anyone look at the employee share scheme in the trading update? it guarantees a future price of £3 per share for employees which should cheer them after the lack of bonus this year. Things all being equal, would this suggest MA is confident of beating £3 in the near-mid term?
Interesting point of view from Aurora investor and looking at the SPD balance sheet it does suggest a European improvement and opportunity for growth. MA wants SPD to be the 'Selfridges' of sports retail so it will be a good story for the next year, invested or not. http://citywire.co.uk/money/aurora-why-sports-direct-is-a-great-business/a978590
That will go toward the fuel on the plane :)
I like your sense of humour :) I clearly did not think that one through
Thanks rusty always a good reasoned view much appreciated. Oh the pic was just me having fun I know it was from the factory open day for media and of course any journo worth his salt was going to get the 'loadsamoney' editorial and fatcat slant. I have been looking at the accounts and must admit the premium range doesn't seem to be doing very well and I do then to think MA needs to decide which market SPD is primarily in. If it is an offshoot then perhaps market it differently. I remember Tesco failing in the US with their 'Fresh and Easy' attempt and also JJB Sports not really identifying who they were in the end which arguably brought about their demise (amongst cashflow and supplier credit issues). Sports Direct is very strong on the high street for cheap sports equipment and apparel no doubt and the market is growing IMO. The real money is in the margins from footwear and this is becoming saturated IMO and investment in updating the SPD in-store look is a good thing to draw in more upmarket brands. The price action is strange yes but I feel we will see a flattening out once the average-down and general speculation has come to pass. In my view, this will prove to be a very crucial 6-12 months ahead to see whether changes implemented bring about greater success and reflective share price. Trading versus JD Sports when arguably they are close market comparatives is polar opposite and so based on that alone, I would be fairly secure in thinking it is oversold but the media especially in the past year have savaged the company and the we should now see whether they can turn that around.
Definitely hasn't helped with Old Mutual unloading and may take a wee while for the stock to adjust but it certainly trying to break upwards IMO very busy down the shops but whether that can convert into higher profits we shall see. Very seasonal market anyway I can't remember every buying a 'happy February card to date
Have I just seen MA down at his local bank getting out his wedge to buy SPD shares? http://imgur.com/gallery/MmJ1F4o :)
bounceback coming? is big Mike filling his boots?
next quarter should certainly provide some conjecture amongst shareholders - let's see if there is more good news than bad news this time around...
what happens if MA isnt buying and the buyback trampoline has gone? when is next update in a few months? I applaud your confidence but past year has taught me that SPD is highly unpredictable in what it does
will be interesting could it come down to 250/60 region? buy side should be telling if MA is plunging cash into buying greater control off the free float
has all of this now been buried?