The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Can you explain your reasoning? During the last crash 08/09 Marstons SP dropped to 78p on very similar fundamentals! Now the Dividend is out the way, there is nothing supporting the current SP. it's dropped almost 5% since yesterday! The Euro crisis had still away to go I think.
Which bit of the chart were you trying to draw my attention too? Is that the SP at 21p or the sell price at 20.5p. Afraid that this and many others are on the way down, because of the Euro crisis. Take a look at halfords, same sector (UK retail), it has dropped 20% over the past few weeks, due to Expected weakness in qtr 3 & 4 2012. Laura Ashley will not be immune. The only reason it is so high at the moment is the Div due in a week or two (incredibly paid for out of their cash reserves.... IMO Unbeleivably stupid!!!) Following that, I'm afraid this will be in the teens!
My comments apply to the wider markets, not the fundamentals of this or any other share. Perhaps in the 'fairy land' that you live in, share prices perpetually increase, profits are endless, RNSs are constantly amazing and the Eurozone is a model economy! If you would like me to dig around the fundamentals of Laura Ashley, then I will. Profit is down on last year and sales are flat compared to 2011, dividend is up, because they funded it from their cash reserve! Not the smartest move, but at least it propping up the share price (for now!). Let me warn you, that after the div in June, the SP here is going back to 14p or below, just like it did last year, under very similar market conditions. If the current crisis is worse, then possibly back to 9p levels as in 08/09. You only need to look at the recent Marks and Spencer's RNS and subsequent drop in share price by over 10%, to see where the sector is heading..... That is down! Don't believe me? Then look at the 2 year graph - the spike in the June Div and the fall over the subsequent months to 14p through Aug last year. this years results are worse than last (with a crisis that is possible worse than last year too) so there is no reason why we will not follow the 2011 graph back down to 14p or beyond. Telling it as it is!
Regrettably sold today. Time to get out I think. The current crisis is going to drag this and plenty of other shares down. I was holding out for the dividend,but have decided to get out now, because I think the loss in share value will wipe any dividend payable. I think a suitable re-entry point (forced by the crisis) could be sub 230p
Time to get out I think. The current crisis is going to drag this and plenty of other shares down. I was holding out for the dividend,but have decided to get out now, because I think the loss in share value will wipe any dividend payable next month out. I think a suitable re-entry point (forced by the crisis) could be 80p. Similar occurred last year.
Time to get out I think. The current crisis is going to drag this and plenty of other shares down. I was holding out for the dividend,but have decided to get out now, because I think the loss in share value will wipe any dividend payable next month out. I think a suitable re-entry point (forced by the crisis) could be 15p. Similar occurred last year.
Regrettably I decided to sell today. My decision was based on external factors (euro/bank runs in Spain/Greek crisis), and not on the fundamentals of the company. I Still believe that this business will return to strong profits, dividend and rising share price, it's just that the SP here and every other company on the stock market has the potential to be seriously dragged down. I will be watching for a suitable re-entry point once the current bear market has finished. Best of luck to you all.
I don't hold shares here....... But so incensed that UK banks could sell debt to a foreign country, only for them to immediately call the debt and asset strip the company to make a big, quick profit. Thousands of people now out of work due to a few VERY VERY greedy individuals! And losses by poor investors too! The government need to stamp on this!
Wether I was right or wrong about codes or MMs, the bid price was blatantly wound down yesterday, even though buying (not selling) continued, then hey presto a 100,000 buy just happens to go through at the lowest point, before the bid price is taken back up and coinciding with a 1 share trade? Did you also notice the deal was hidden from the market until mid afternoon, where the normal spread had returned? This pattern occured a few months ago, prior to the rise from 24p to 32p. I am willing to eat hats here.
What does this all mean? It means someone needs shares. Right now if I had extra funds, I'd be buying!
MMs code each other on plenty of Stock, need to do it quickly, and probably don't know each others numbers. What's in it for them? Well that depends on their strategy: long, short, filling orders, etc. typical codes used are: - 1, 10 or 100 trades: I need shares drop the bid price. - 2, 20 or 200 I need shares badly,but do not take the stock down. - 3, 30 or 300 Take the price down so I can load shares - 4, 40 or 400 Keep trading it sideways. - 5, 50 or 500 Gap the stock. This gap can be either up or down, depending on the direction of the 500 signal.
Maximum number of shares you can buy as a private trader has been restricted to 100,000 shares. Someone needs shares. Short positions are being closed to on Data Explorers.
In simple terms, someone is trying to lower the bid price (the price you sell your shares at), whilst keeping the ask price at its true level. MMs communicate by codes some times. Buying or selling 1 share means "take the bid price down, I need more share". Someone is in the process of buying. You can check what these codes mean by googling them!
See that 1 share trade at 08:37am. Ive seen this before. Some trader/MM is using it as a coded message to say that he wants more shares at a cheaper price (explains the spread). We'll probably see lots of small trades over Nxt week. This is going to get interesting, if someone is looking to trip stop losses to scoop up cheap shares?
50-100 day MACD oscillator graph on Thorntons has switched from Neutral to buy. This is generally associated with a rise.
I think everyone should have a nice cup of tea and calm down. Personally, I'm very happy with the RNS, because it produced no suprises and and demonstrated a solid commitment to strategy. I have bought another BIG chunk of THT today, and it's sitting nicely in my pension fund. If you are thinking about buying in and didn't, or sold because of minor fluctuations over a few days/weeks, you will look back in a year or so time and say to yourself "if only......."
Very happy with the RNS. Proves to me the worst is over and management have regained control over the business. With improvements in the business, outsourcing supply and the drop in raw material, this is a great little share to have. What's this about making a loss? Thorntons didn't make a loss last year, but a profit of just under £1m. They won't make a loss this year either. Sit tight and put them in your pension.
Head of steam building here. Live buy price is 26.55p. Booms are only allowed at 40p I'm afraid!
RE data Explorers - Shares on loan are falling now. Whoever is shorting is closing their position and buying back stock. Have a think about your automatIc sell limit orders if you have set any - these will be triggered by our shorter trying to buy up stock. We should see a steady climb back on and through result now, although I'm a long termer and more interested in the restoration of the dividend. This is perfect for my pension (SiPP) I've been topping up all week.
Correction. 400,000 shares on loan. My old eyesight is not as good as it used to be.