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Just when you think the share price had stabilised and on the up! Directors buying in, Brokers recommendations all a Buy average target £3, recent RNS to say the company is not aware of any reason for the recent drop in share price and yet it dips again today! As Mulder said even the addition of the shares doesn't warrant today's drop surely! Bizarre really! Unless I've missed some news somewhere?
Let's not underestimate whats been achieved in the last 12 months. Confirmation the factory is fully operational with the ability to continue processing during the down period. Confirmed orders in place, further potential orders in negotiations and an expanding network of distributors. I appreciate that many would've liked to have got to this point a little sooner! However the potential upside looks to exceed the down at this point! (One hopes!) I am happy to hold for now. An optimistic holder. GLA.
The Financial Director Bought 100,000 shares @ 166.40 yesterday, always nice to see Directors buying! Hopefully see a positive movement upwards over the next few weeks.
Bought in today, looks good for a medium to longer term investment. It's showing as a sell which leads me to think there are a few more buys going through but showing as sells! Fibre network is in demand and the Government supportive and backing the industry. Cityfibre could be well placed to take a share of the opportunity on offer. GLA
Very strange and I'm none the wiser, but even the Buy trade for £62k from this morning at 124p is showing as an ordinary trade but with a 'delayed publication'. Anyone know the reason behind a delayed publication?
It would make sense, the update stated an agreement with the Ministry of Power had been reached stipulating a 6% average increase in tariffs in FY19 with industrial tariffs previously higher. I'm not sure how flexible they are, or what limits if any are in place. Anyone with a better idea?
Stating 'Power generation improved in the first quarter of 2018 up 27% to 1.25bn units, and both the Chenna and Gujarat plants were running ahead of expectations. This is a setback but we still see upside potential. Buy.' They remain positive, and this looks to be oversold IMO, a good buying opportunity at this price, but as ever please DYOR.
Latest FT article from today states 'Hikmas US unit have sharply raised prices of several drugs.' 'West-ward increase cost of medicines by as much as 430%.' Six drugs including the diarrhoea drug Lomotil have seen a sharp increase in price since the start of the month. Looks like a positive step forward, anyone one with a better knowledge of the financials have an idea how much of an effect this will have?
The IC reiterated their Buy tip again today, stating a solid performance, record turnover and a 12.9% rise in underlying cash profit. Investment in new equipment has helped win specialist contracts and has already started on piling works associated with HS2. Ground engineering products boosted revenue by 71.2% thanks to significant increased demand for its quick to install precast concrete foundation system. All looks positive moving forward GLA.
WackWack it's Interesting the article stated that Numis have said the figures were 'soft', they today reaffirmed a Buy rating and set their price target at £4.50! These drops have been well overdone in my opinion, profits up, dividend up, share buy backs resuming, I must be looking at the wrong chart?! Hopefully we'll see a rise soon GLA.
Not many posts recently, unsurprising considering the share price has had little movement for a while. However after a positive trading update yesterday are we seeing the start of some upward momentum at last?! This appears to be a good defensive stock, targets and debt in line with market expectations with the potential for growth now the mill development programme is complete.