The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
This was not a delayed trade. It was a definite buy - the SP was clearly dropped to fill an order; not a sale. A sale would have taken the SP down further, plus check the L2. I would say something is going to happen here - and quite quickly. It's common knowledge that QinetiQ and it's competitors are on the prowl for up and coming companies in the security sector such as ACM. This one fits the bill. With a trade of this size, I agree an RNS will be issued very soon. As I suspect further RNSs relating to further significant accumulations of shares. This is going to get very interesting!
The huge trade today is probably the starting pistol for a takeover - someone just bought close to 6.5% of the company! WTF!!!!!!
Anyone got a view on this? Is this why the SP is climbing. Industrial takeovers on the cards for 2013 - FT newspaper - Volex http://www.ft.com/cms/s/0/2ad23294-4847-11e2-a1c0-00144feab49a.html Chat on ADVFN (I know it's only chat) are siting a possible tie-up with Huawei. Suppose there is quite a big Synergy here, and will allow this Chinese company, via Volex, to get further access to European/North American Markets?
I think your probably right. I reckon 65 to 75p is a reasonable level, especially since the next major trading period is Xmas. I can see this languishing in the doldrums and gradually drifting down from herein!
Tizzy...... This is no market shakeout, but expectations (as with the rest of the sector), that sales will be down in the 1st qtr due to poor weather. As with M&S, Morrisons, Debenhams, Greggs, etc. THT is still on shaky ground, so we'll have to see when the RNS update is released.
Sinking faster than the Belgrano! 50p anybody?
Buy on fear and a fall! Absolute bargain at this price! The SP is well undertake value.... You will also notice over the past few years when profit was down, the SP dropped 10% and re-bound back within a week. I'm in! No brainer!!!!
No mention in the last RNS of the expected £13m in onerous charges to complete the full store closure programme! Doesn't even mention the pension deficit either!!!! Panmure Gordon re-iterates 50p. Looking shakey!!!!!
£3.1m profit...... But probably £4m in exceptional costs!!!!!! And that's without even considering the pension deficit! Time to sell before the shock tomorrow!
34 stores closed, 144 to go. Now figure out redundancy cost, lease-run out, lease termination costs and drawdown management. Not gonna be cheap!!!
The next trading statement, in May, will reveal the cost of store closure in 12/13!!!! Company is back on track, but onerous charges will drive the SP from now! My target is still 50p
Oversold and ready do the drop back to 50p! £3.1m profit, but no mention of the onerous charges due to store closures that will wipe this out!!!!!
Just posting how I see it. I've been following and posting on this board for a long long time and seen a lot of "goings on" here, perhaps a little jaded some might say...... However, one persons ramping/deramping is another persons truth! For all the newcomers here, I say welcome, with each of us having our own views - it is a chat room after all, and not exclusive to persons with one view or another. It does however disturb me, when I get accused of de-ramping, especially after I have seen this share 'pumped and dumped' a number of times (check out the 12 month graph, then read the posts around that time - all the information is there!)..... The latest episode with 'kira' and a few others hitting this BB over 2 days, hyping it with false charts and false analyst ratings. The simple fact is that a couple of warm spivvs have driven the price up, and people should be aware of this fact. I have seen this happen so many times here, so my views are intended to give people a reality check. Mark my words, it will return to circa 50p, whether you like that statement or not!!!! Panmure price target remains unchanged at 50p
More bad news (read the last few paragraphs about GRG). Looks like we will be testing 450p again!!!! http://www.telegraph.co.uk/finance/comment/9959867/Why-are-so-many-retailers-gloomy-about-the-bad-weather.html
Thorntons relies on a great deal of discretionary spending during one of its most important trading period - Easter! Looks like the recent cold weather may have taken its toll. I reckon own store sales are well down this period, and commercial sales (supermarkets) will be flat. Store closure will also have a big impact as well!!!!! http://www.telegraph.co.uk/finance/comment/9959867/Why-are-so-many-retailers-gloomy-about-the-bad-weather.html
I will be buying back at 52p. If you follow the recent trend, and ignore the recent 'pump and dump' That is where i think the SP should be.
Contrary to your last, if you have followed Thorntons for the past few years, you would have noticed (through their RNSs) that cold weather always has a negative impacts on their sales - the cold spell is set to last over Easter! Also have you tried to use the Thorntons online ordering web-page? When I used it at Xmas to order stuff, it didn't work - they acknowledged this in their last RNS!!!!! Lets hope they have fixed it for Easter!!!!! I still think the SP is over priced at this level - like I said earlier the price has been pumped from 60p to 80p on no news, now it's being dumped (as in jan) probably all the way back down to 60p. Panmure's current price target is 50p!!!!!
What everyone seems oblivious too, when extolling the virtues of this share, is the onerous cost associated with the Thorntons store closure programme. In 2011/12 36 stores were closed, resulting in imparement and onerous charges of £3.1M. 144 further stores are to be closed...... You do the maths! This will wipe all profit out for 12/13 and 13/14! Just like a cypriut bank, the SP has definitely overheated here and is being supported by hot air!!!!
Guess I was right! Seen this so many times before, where the SP rockets back down just as quickly as it rose. Looks like the MMs were the winners today!!!!!I think it will return to these levels in the future..... but not for a while. The shop closure programme will be interesting to read soon, the onerous costs compared to corresponding fall in sales will drive the price here I think. Definitely a long term hold, but a short term sell. Queenie/Yanar you mentioned shorting... Care to share?
Holiday funds. That may be very well the case, but a lot of people who are predicting ever dizzier heights for Thorntons, have obviously not read the last trading update in detail. Margin has softened due to retail sales (i.e selling through supermarkets) and the the onerous charges associated with the store closure programme have only just started to feed through. I predict we will see a big hit to sales and profit because of this, in their next statement - all the infomation is there. iI think someone mentioned earlier this will be in May - so the pump and imminent dump, is a result of MMs and not the fundamentals of the business. Similar pump and dump occured last month when it rocketed 15% then dropped 15% on no news. I just pity the poor souls who jumped in today! Lock in some profit if you can!!!