Probably concern for the cost of living and lack of disposable income in the population . But a lot of the purchases here will be for unavoidable essentials and during the shutdowns a lot of the population built up considerable savings so they might decide to to splash out for the home .
If the trading update towards the end of May confirms the the management outlook statement this will have a considerable re- rate.
Management made a positive outlook statement in the recent results and the div is well covered by profit so they will probably be able to at least maintain it at + 10p .
To an extent depends on " consumer " demand and the economy will probably be pretty woeful , but a lot of the spending here is non discretionary so that is a positive.
ATB
ATB
The market at long last seems to be waking up to the amazing growth prospects for this company .
Report on Bloomberg this morning that palladium will be in for a multi year price rise driven by shortages . The great thing about commodities is that the geniuses in the central banks cannot print them .
The question is, not what the production figures are for JLP today , rather what they will be in 2- 3 years .
Yes I suppose the Motley people are already invested. The situation in Nigeria would apply all providers of telephony so the impact on AAF should not effect its market share and as stated in the RNS the subscribers who have not provided their ID will probably shape up when they lose some of their services . Mobile phones are pretty much essential in Africa so politically it could be a very bad idea to over tax them.
Results are due shortly, they will probably provide more clarity
ATB
Hi BlahBlahDoh I agree with most of your comments and you certainly have a greater in depth knowledge of this company than I do so thank you for sharing it with us .
On a wider scale and not necessarily with regards to AAF, stock markets must be seen to be free fair and transparent otherwise they simply cannot function . If off the market institutions can get together and formulate a price to sell a relatively small amount of the free float and have an instant impact on the sp those institutions would have a disproportionate power over the market . IMO this would create distrust in a free and fair market and amount to manipulation .
I completely agree that eventually the sp will revert to the fundamentals of the company concerned
I am asking myself if in this " great " British transparent free and fair market is this share sp being manipulated ? Surely not, but it seems very strange that 1.6 % of the listed shares can be traded in a virtually instantaneous " book build " resulting in an instantaneous 10% fall in the in the sp and tripped stop losses for any holder foolish enough to place a stop loss.
We know who the " seller " was but we do not know who the recipient was , I wonder why ? Could they be associated companies so the apparent 10% paper loss for the seller would have no impact . The book build was announced after the market close one and by the next day it was accomplished , seems very strange the word " build " would imply a gradual process but here the " seller " and recipient were seemingly pre ordained .
I am super confident that our wonderful Financial Conduct Authority would have stringent rules in place to prevent such manipulation so no worries + it provides a great chance to pick up more shares at a 10% discount . Picked up quite at 70 after a similar fall some time back.
ATB
SLP down nearly 6% at the moment . Seems that JLP are doing spectacularly well
That said investors are behaving like frightened sheep at the moment .
Agreed ,about the only thing that has changed negatively is that the " consumer " African or not will have less disposable income as a result of higher inflation but I do not think that they will dump their phones in Africa I. I would imagine that they are far more essential there than in Europe . AAF is probably being hit by its higher profile in the FTSE 100 because trackers will be obliged to dump them . The only risers today are the metals and several large FTSE companies are having similar falls.
Should only be down on market sentiment , strange that this has fallen further than the market because so far as I can see this should not be directly impacted by the situation in Russia .
Probably due to the fact that this is a well traded volume stock at a relative high so there are more profit takers than buyers at the moment . let it settle for a while then add.
Seems to be undergoing a bit of a rerating . Strong broker ratings including one today . I think I will be holding for the div and beyond
Hi Paddy
Looks like I got it wrong I think it might be BMO commercial Property Trust BCPT . So many BMO's it is easy to get them mixed up . Maybe other investors got it wrong too because the rise did coincide with the news
ATB
been invested here for over a year but I must admit that I know nothing about mobile phones and I dont even own one but I do know that this company is in a substantial growth market and the management do know about mobile phones.
The recent sudden fall took me by surprise , I wonder if it is the result of all the publicity about 5g ( whatever that is ? ) having an impact on aircraft instrumentation , seems a coincidence that the fall came at the same time . Perhaps someone that does know about mobile phones could advise ?
Looks like the jump is a result of being promoted from the Small Cap index to the FTSE 250 . This would allow more investment trusts and tracking funds to hold the share. Surprising that an RNS has not been issued , there might be more rises to come because this share is tightly held..
Thanks for the info somewhat premature then .Lets hope it can continue to rise until then.
ATB
limited drop ex div here is very positive for the near term. Shows that plenty of buyers are in the market
As long as this company is paying a sustainable div at an eye watering yield just sit back and pick up the div . No intention to sell so not too bothered where it sits in a chart . So many trades on liquid companies like this are automated and a lot of them make zero sense .
share is still undervalued , but a sharp rise today . Something happening ?.
Metals down and plat down +2% probably the main reason for fall . Another fall tomorrow and I will probably add.
The " share price " yesterday was held at 107.5 despite the fact that the traded value was consistently around 109 and never at 107.5 . I see today it has opened at 108.25 despite the fact that it is trading at 109 . I suppose I am being unrealistic expecting the " share price "to reflect the traded value.
The large volume today as a result of the Midas tip might have taken out an overhang of sellers so perhaps we have formed a new base.