285p is coming into view, see how price reacts at that level. If it fails to hold then looking at 265p for a top up. Watch the volume, ie, big fish buying…..follow the smart money.
Disappointing with regards to the current share price but it gave me the opportunity to buy some more. Time will tell if that was a good decision or not.
Yes, what I do know is that we'll be the last to find out if no bid is coming, stating the obvious there though. Tempted to buy some more here in all honesty.
Took 10%, FTSE looking weak, very weak. Still think this is a takeover target mind, I'm just risk off right now, holding more cash. Hope you all do well from here, will keep on the watchlist.
Great volume again today, will it test supply again at 102p, who knows. Looks good to 112p (little resistance there) then onto 120p. Usual caveats apply.
Plenty of volume today too. Took a position @ 102p last week. Looks good for a move to 112p initial target, wider economic factors may scupper things though……We’ll see.
Little volume today, institutional investors trying to flush out weak hands in my opinion. Decisive close above 640p area will see this testing north of £7, may be next week. Have a great weekend all.
Bought RCN today, good value below 105p, another potential takeover target for someone in my opinion. Half year in November so may be published before the impending recession we keep getting told is coming.
Sold in June but has come back onto my radar, with this being in the manufacturing sector was the sell off due to rising energy prices? When Liz announces support for businesses similar to households then we could see a rise in the share price here? Might be worth a short term trade.
I’ve just bought some more, initial buy 295p, will buy again around 225p if we see it. Great divi so happy to wait 1, 2, 3 years, no rush for me. Royal Mail will be around for a long while yet.
Looks good here but sold up yesterday for 9% gain. Holding more FTSE 100/250 lately, last of my smaller AIM shares sold now. Also holding a lot more cash, in and out for around 10% gains for the foreseeable. Hope all goes to plan here for you all, will keep on my watchlist.
Figures out for public sector net borrowing of £18.6 billion could be the issue, it was the fourth-highest for April since records began in 1993 but £5.6 billion below a year earlier apparently.
RE: Buybacks are especially desirable24 May 2022 08:24
I bought more last week under £3 as I believe that area offers good value, especially with the divi. Before my purchase I had the following as buy/support zones….
315 300 250 220 185 120
220 to 250 a possibility when/if recession hits, may be lower but I would see this area as good value in that scenario.
All sounds very positive as the market expected, “trading in line with expectations”. Will any profits be taken in the short term, time will tell. I’ll keep hold of mine as been buying for the last 15+ years and a great divi income play.