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354p
If you are of the opinion that EV is not the future (and there are a growing number in the population that think that EV may not be all that it has been built up to be) then shorting Tesla is probably the way to go.
In addition to the sentiment change with EV's, China is also going to flood the market putting additional pressure on all the established players in this space.
I read somewhere posters recommending getting into gold and /or Nvidia. Good luck at todays and/or recent prices!! Even if you get into Nvidia at todays prices for instance, the upside is limited and you would need to open a leveraged position to make any money. The downside risk is greater!
Declarable level i.e. >5% went down slightly compared to the the previous trading day.
Most of the major world indices have been setting new all time highs practically every week since the end of last year. Having said that it is still good to see the FTSE catching up with the other world indices.
KBYK
Has the gap been filled? Looks like we are going to end up blue.
Per IG the midpoint close close share price is 385.10
Will this rally into the close?
With the turnaround on track and year end guidance maintained, the current low share price should be history.
Details are in the holding RNS. Smaller sold put options expire in Apr & June but the 5,000,000 and 2,890,000 expire in Aug & Sept respectively.
Inflation falling to the BoE's target of 2% by the summer;
Economy turning a corner from the technical recession of the last quarter; and
Reduction in NI
To name a few more headwinds that are turning into tailwinds
There was some uncertainty as to whether the recovery plan was on track but today's RNS should allay those fears.
I think LTH can breadth a sign of relief and feel fairly relaxed.
The share price come the Full Year Results will be multiples of the current share price. The share price at the end of the 2025 Full Year Results will be multiples of the 2024 year end price.
You have got to love a recovery play that is working! :D
From the net....
Selling a put option is a bullish position, as you are betting against the movement of the stock price below your strike price– so, you'd sell a put if you think that the underlying's price will rise. If the underlying's price does, indeed, increase and the short option expires OTM, you'd make a profit.
Frasers Group Plc has increased its number of September 2024 sold put options by 400,000
Frasers would be obliged to make an offer at or above 30%. It is then up to the Board to recommend the offer or the other shareholders or not.
The email reply says closed period until 3rd March?
Saying that however I am not sure a bid is imminent. MA has purchased 44,119 shares from the previous holding RNS. If MA wanted to get to 30% he could have done it ages ago.
Correcting my previous post and sorry abt the typos
This is what I was debating (apologies I can't remember who) a few weeks ago.
MA owns 26.26% of voting rights. The trigger for a mandatory bid is 30% of voting rights and does not mention that it has to be through shares held.
Saying that however I am not sure a bid is imminent. MA has purchased 44,119 shares from the precious RNS. If you wanted to get to 30% he would have done it ages ago.
KBYK
Not entirely clear what connection being in a closed period has to expecting a trading update in March. Can you please elaborate?
As in previous years would have expected a trading update before the release of interim results.
Thanks
I don't own any physical shares but have long positions at an average of c 405p
This has the potential of being mega!