PYX Resources: Achieving volume and diversification milestones. Watch the video here.
EPS is up 23% lot better than 12% expecting
Guidance is not cast in stone. It's only a guess as they don't have crystal ball to say what next year brings. Their forecast is lot lot better than BOE UK governments etc. I would only trim say 2 or 3 % not 12%. It's cheap now and I jumped in.
Lots of hedge funds and other book keeping software gaints will be circulating to take another UK company
BT reported a big fall in profit but promised jam tomorrow. Up 11%
Sage profit up atmost 10% but said same for next year. Down 11%
So all new extra high pay blokes to pay and no one leaving. This rewarding themselves brought us to this sorry state
It is in take over territory and some American hedge fund would like a punt.
Another CEO refused to talk and he think he knows best. Another SP slide.. Like few others if they were all good, share prices would be generally lot higher.
The buybacks don't directly translate into equivalent high share price. It may add a small premium to underlying SP, but you should remember the £4b worth of assets are no longer there to bottom freed. Unless the return on the sold assets contributed significantly less than the remaining assets in pre capital basis, the SP raise would be lower. My guesstimate is about 10%. Only people really gain are the directors on performance pay based on SP as their bonus go up without any efforts by them.