Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
For a company to enter the FTSE 100 at a reshuffle, it has to have a market cap that puts it in the top 90 by size. Similarly, once in the FTSE 100, a stock has to fall quite far to be relegated it has to have a market cap below that of the 110th biggest company in the UK stockmarket.
a study by Smith's Corporate Advisory shows that, on average, stocks heading for relegation lost nearly 19% in the two months prior to the announcement date. Similarly, companies that made it to the FTSE 100 enjoyed average gains of more than 15% in the run-up to the news, then another 2% up to the actual joining date. This is partly down to funds that track the FTSE 100 having to sell or buy stocks that leave or join.
But that's no help to those hoping to make an "arbitrage" trade after all, this movement mostly happens prior to the review. And once a stock has joined its new index, its performance shifts new FTSE 100 entrants typically lost 5% in the two months after joining, while those relegated to the FTSE 250 were flat. In reality, the quarterly reviews are pretty predictable by the time the results are out, they have been priced in.
So for anyone expecting a sudden surge - don't. Expect a likely dip until next trading date.
This will continue to rise before Feb 22 - Dividend date. Many opportunists ride that wave. But once ex dividend expect a sell-off (as is norm0. I suspect Qube at this point will wait for that moment.
Nutmeg is spitting furballs somewhere, and our new shorter Savage was frothing at the mouth when the CPI in the US came in hot, then choked on the foam when the EZJ shares were resilient in the face of it.
There's definite market manipulation by the MM but even they have to contend with a buyers market. If we finish today at 5.75 (resistance) or beyond then £6 by end of next week (subject to normal macro conditions in the world).
Good luck all!
Hey Nutmeg you tw*t I thought you said you were no longer going to post here? You cannot help yourself, can you? You're a very sick individual with a futile objective.
Https://uk.finance.yahoo.com/news/unlikely-ceo-easyjet-plc-lon-052822141.html
Moodies upgraded EZJ today to stable based on their previous results and projections going forward determining them to be financially sound.
I note that in the last few years the price tends to drop on or just before AGM dates. Either because something somewhat negative may have been said or because nothing sensational was said, and there's profit taking. Here's hoping for something reassuring or even a reiteration of the recent positive news which should sustain us.
To be sure, when an investment firm which focuses on shorting does so, they usually have some basis to do so. At this stage I think the recent increase in the short position of Qube is to offset their earlier position (ie they expect a fall from here whereby they'll cover in order to balance out the losses incurred when they shorted much lower). Of course if something surprising comes out of the AGM and we go up they will scramble to cover.
Hey longinvestor- you don't like the chat, jog on. People are entitled to talk about what they want here - not what you want. Filter if you must and leave well alone.
Crystal-balls appreciate you having my back. But a 2 bit newbie like Conodvia doesn't really phase me in the least. In fact nothing really does (for all we know he's nutmeg's son or lover).
Anyway - upwards and onwards.
1) EZJ remains a real takeover target. Consolidation is inevitable and when you want to cherry pick you go for that which suits your profit margins best. Other airlines might have debt but it's silly to think you need to be in profit in order to afford to do so. It would be based on forward projections. As O'realy of Rynair said, "it's only a matter of time," and singled out EZJ in his remarks. That time is most likely now as it remains relatively cheap before further profit and higher share price.
2) As per a previous post of mine, we consolidated at the 5.32 level and we now need to consolidate at 5.56. If we do, then next stop is 5.74. It's all in the charts. Market makers work a system.
3) The one thing that baffles me is the short position of Qube (and others). Are they hoping for cataclysmic geopolitical events to cash in? At the moment we are on tenterhooks and hanging tight which is impressive. If things calm, we keep going up. But one match and the Middle East goes to pot. Every airline is exposed in that way.
4) Anyone seen Nutmeg? I kind of miss him. Every chat-board needs a token a-hole.
The most important fact is that we have broken through resistance of 5.32 and stayed there. We need to form a new base here over the next few days. If we do then within a couple of weeks, subject to global conditions, we should establish new support at 5.52. And upwards from there.
To that poor excuse for a sperm cell aka Nutmeg - "we will drop below 3 again," he's gone. Good riddance.
Once there was a tw*t named Nutmeg
A man clearly sick in the head;
It's going to go down,
He said with a frown;
And now thank goodness, Nutmeg is dead.
Once there was a tw*t names Nutmeg
A man clearly sick in the head;
It's going to go down,
He said with a frown;
And now thank goodness, Nutmeg is dead.
Cevodniya - No shi* sherlock. Did you not think I didn't try that first and when nothing came up I asked for source?
Your Mom must be real proud of how smart you turned out.
Keepplugging - the only ting that needs plugging is your cake-hole. At least that poor excuse for a sperm cell Nutmeg finds obscure sources and creates delusional facts of sorts. You just hype and then expose yourself for the fool you are. Bye!
I think a collective resolution is for everyone to ignore the Nutjob. He's a despicable waste of a sperm cell who serves no practical purpose here other than to agitate others. If you respond you feed the animal. That's his oxygen. If you ignore he and his stupidity withers away into oblivion.
Here's a a happy 2024 to everyone and especially Nutmeg.
Is there a link to the Times article?
Nutsack is worth it only for the entertainment. For those wondering, he is short the stock as is evident by his emergence whenever the stock is on a downtrend. He was man enough to admit he didn't see this surge coming, but on a down day he tries to push harder thinking he makes a difference. On an up day is AWOL. Watch the trend.
That aside, yes he is a prickly turd who likes to annoy others and gets touchy if you call him names as I just did. Definitely worth the ignore unless you enjoy gloating.
If we keep stablising here and move upward he will be gone for good.
Oh Nutmeg - where are you? Come out, come out, wherever you are?
What a feeble coward. Hopefully seeing the last of him.
Good riddance.
Once again caught with his trousers down. He gets very quiet on days like today. He called below £4 for end of trading today. He also called Rolls Royce to be below £2.
Did RR hit below two as he called it at some point? Yes. Did EZJ do the same below 4 as he called it? Yes. Even broken clocks are right twice a day.
Now go away Nutmeg. Or at least declare your interest as a short so we know whom we are dealing with.
Heeeyyy there you are! Was really missing you! Now that I have your attention - about those questions - are you short the stock? Do you have a personal gripe based on experience such that you're venting here?
You've been maligned on other groups too it would seem your reputation precedes you.