Yep Page down 8% a vast over reaction ,you would think they had posted a projected loss. The profit figure stated is much the same as last year . A lot of the trade problems are down to that orange idiot in the White House, when the US market takes a hit hopefully he will get dumped.
Yes indeed they can still fall a lot in this crazy market, and some great value to be found to tuck away. Take the rating of LGEN ,pe of 7.6 and a yield of 7% . It wasn't long ago that a rating like that would indicate near term failure or a rights issue . All of the above will absolutely not happen , if it did a permanent freeze over would inflict the economy of " great britain "
in today also own some Page. Seems to me that the markets have gone crazy . So many strong div payers like this are priced for an extended catastrophe . OK this will fall tomorrow but the market is telling us it cannot recover . With Brexit looming and a global slow down on the cards , yes things are not great . But is it likely that a company like this ( and others ) are headed for near term losses ? Highly unlikely, and even if the div is halved and halved again, with central bankers clambering to cut rates the yield here will still be attractive . Somewhere in the " financial system " there is a vast mismatch. Probably relates back to the QE fiasco which is yet to come back and bite us all. GLA
that in all the recent market turmoil the MM's have taken every chance to mark this down . This share is relatively thinly traded so it is a prime target for manipulation . With a very healthy div coming up ,in the next couple of weeks they will find it difficult to hold it back.
Hi After a lot of thought I sold out here @ 193 bought @ 207 but including divs made a slight profit. I noted a marked drop in shopping numbers and decided that the retail woes were getting worse . My local shop was still well attended though so I have not completely lost faith and will keep an eye on this. Certainly bearing in mind the strong div it is not a silly buy . GLA
as a bit of a punt I have invested here. As in any investment the downside is finite , you simply forgo your cash. But the upside here is astounding, obviously plenty of risk attached and there will be ups and downs . On the downs I will probably add because this is difficult to buy with such a large spread. One plus for me is that this is a hedge against the great british penny of which I have zero confidence in . Who knows in a few years time the upside potential might make it a hedge against the great british pound ? I used to work on the Zambian Copper Belt on a mine kept afloat by some very valuable cobalt production if JLP could recover some of the wastage there as well that would be great . The waste dumps are truly gigantic. ATB
the way this invariably falls 2- 3 % in the last 30mins of trading . Coincidence or manipulation ? Perish the thought ! This is the renowned fine upstanding transparent and honest FTSE . Can only be a coincidence. ( intra day shown here is wrong went from + 190 to 187 from 1600- 1630.)
really got much of a clue what today's RNS is about , but it appears that Invesco have reduced their holding from + 26% to +25 % of voting rights. Other than that about as clear as mud. Given Investco's history with numerous name changes and the payment of fines to the " authorities " they should be in their element in supremely well regulated honest and upright London market after all they have the FCA to worry about.
Agreed , there is nothing mystical about 300p . The difference between 299 & 300 is not worth worrying about, but 400p where this share should be is well worthwhile hanging on for . If it takes two years whilst paying a strong div on the way who cares ? ATB
Don't worry about it . This has had a decent rise over the last few months so probably just bit of extra profit taking , the LT trend is still up as it should be for a stable well run company on a silly rating paying an almighty div. When Brexit is sorted out ( if ever ! ) we should get a re- rating. ATB
all the retail woes these are very credible results . Ignoring the interim & special divs just the final div amounts to a yield of approx 3.5 % . Trading is sometimes a bit thin so shares can be hard to get , my shares will certainly not be offered to the market .
by the fall from recent highs the market was expecting a flat update . Taking the div into consideration this now deserves a re-rate to new highs , don't suppose it will though with the negative projections for world trade. I certainly should have added on the earlier lows.
a begging letter from the chairman in the post, imploring me to support the deleveraging plan. What a neck ! If the directors who are recommending it are not going to take up their allocation how can they expect the rest of us to cough up ? Good money chasing more losses .