Member Info for thehdoggydog

This is surely a reasonable sized player getting out?

I know I shouldn’t be surprised, but I can’t believe the share is down AGAIN today - despite selling off more than most shares and then not rebounding at all despite the sold off shares rebounding.

It’s really testing my patience to hold...

Yeah, we’ve all made our own choices - this unfortunately has been ramped a bit, but is a complete dog of a share.

The company is performing poorly, it’s a really unloved share in general and the model is business mode is archaic - this is a recipe for performing worse on market sell offs and lagging when the market is buoyant

Oh I completely agree - no shares will definitely rise in 6-12 months. I’m just stating the obvious that currently there are some headwinds and although the oil price is markedly higher than forecasted the demand is still lagging as a consequence of sluggish re openings of the economy (and big consumers of said oil).

Same! Although my ave is a little higher at 235. What sort of buy in range you looking at? I was hoping 280 but that may be optimistic

I imagine because even though price/barrel is considerably higher the demand is far lower?

I’m in a similar boat albeit with a slightly higher ave. rather sick of this share though - one of the worst buys of my portfolio , and I suspect it will continue to lag the others every step of the way too. That said, feel like I’ve held through all of the nonsense so what does a few more weeks hurt? Just in case there’s a delayed response from all those mythical MMS that have supposedly stock piled the stock ready to sell at high prices

All of that chat about MMs stock piling shares for the 60p uptick didn’t age well did they...

Totally agree! Looks like I got on this train just in time when I bought during those weird days at 240. I was planning to add at the end of March, but looks like I’ll have to be content with getting in with what I did! Anyone got any recommendations for other good recovery plays?

I think we’ll see a drop - unfortunately. As I think the market will be looking at ebit - and that isn’t particularly great

Really? I expected Ebit to be higher - I’m not sure the results will be as positively received as you are. But I’d love to be proved wrong.

I really hope so... there’s been SO MUCH opportunity loss holding this stock

Agreed, provides some good exposure to the airline industry - I’m surprised we haven’t seen similar gains to other travel though

Bought a few today to get some exposure to airlines/travel - appeared to be one of the lower risk recovery plus given the level of debt and streamlining the company has done.

It’s not related to tech stocks per say - it’s to do with the fact that bond yields are rising, which has a much larger impact on high PE ratio/growth stocks. As those yields rise it becomes hard to justify the additional risk with equities in general - particularly those with high valuations. For tech, it was a double whammy last week since cash flow is moving also to value stocks as we see economies start to re open. This is a good thing imo - bubbles typically burst when there’s too much money chasing too few innovators (e.g. 2000s). I think we’ll see things stabilise/consolidate over the next weeks/couple of months - the economy is actually looking pretty strong right now

Yeah... the 2.2m sells seem very counter the high analyst forecasts.

Again, the trading update looked excellent though

I hold Redrow as well - after the last results I just don’t get why these shares aren’t flying. Apparently the markets don’t value earnings generating companies anymore...

Can someone provide some positives to keep me upbeat? This form is too quiet :-(

Yeah, there’s been some run up. It appears undervalued though, and I don’t really understand why it’s consistently being sold off after results - makes me feel like I must be missing something

FTSE went on massive run and we’re up 0.5% after a brilliant trading update and consistent re rates - just don’t get it?