Member Info for Ultrashort

I don't want to get too excited, but it's certainly encouraging given that we've been falling pretty much every day since 781p on 9 Jan. It didn't look like there was strong support at 600p, I didn't see any significant buys surprisingly, but very pleased to see the blue over last 2 days and long may it continue. Hopefully we've seen the bottom. GLA

I never saw the IC tip. This was a stock I had followed for a while and when they started to fall heavily last year, I saw what I thought was an opportunity. I would like to see what IC's thoughts are now although I can't imagine their opinion could change since nothing has changed except the share price. Well, obviously something has changed, but nothing that us retail investors know about yet anyway!

I thought this was a good buy at 750-800p. I was confident it was a strong buy below 700p, and now it's below 600p I have no confidence to buy. How bad do earnings and/or dividend cut have to be to justify this drop?!

I wonder. I can't remember another stock I've ever followed which has had so many consecutive days of declines. Now we're at 600p as expected I don't know what next and how much lower this can go. Without news it's hard to see any support in the short term. Guess we're all clinging on to the hope that earnings are not as bad as expected and there's some good news or at least a glimmer of hope come March... GLA

Every day. This is relentless, I wish the earnings release was tomorrow so we can put all the speculation to bed and move forward! On a separate note, how many will be opting to take their dividend as scrip? The company did announce previously that they will give shareholders complete discretion around how they are paid dividends. At this rate I'll be going for scrip divi, assuming earnings release doesn't come with some catastrophic news. GLA

Ian makes an important point re the technical indicators, this stock has found no support at previous levels so it looks like we are yet to find a bottom. The moving average indicators have been very reliable on this stock, if you look back over the last year you will see that every time the 20-Day MVA has moved above the 50-Day, the stock has moved up and vice versa. Unfortunately the 20 Day moving average has crossed below the 50-Day today, again (something we have seen a few times over these painful months). This is a bearish signal and indicates another leg lower, likely towards 600p as Ian suggests. However, as others have recently posted, given that some institutional shorts appear to be closing their positions, I am hoping the sell-off is losing steam and the we have already seen the worst of the declines. As we are still some time away from AGM I would hate to see the stock just trending down until then. I guess we will all have to re-evaluate our positions here when we get more information in March, I am reluctant to top-up until then but still optimistic long-term (although I expect a rough ride over the next 2 years). GLA

Actually nothing based on opinion except for the potential divi cut which seems realistic given that the dividend cover has been decreasing. If profit margins decrease as expected due to incresased investment costs then the only way they can maintain dividend is to borrow or to pay out ALL profits as dividends, which is unlikely and not in the best interests of the company and shateholders long term. Therefore the point about divi cut is oponion but realistic based on what we thus far, and they do have a strong dividend record stretching back 10 years, these are facts. No need for insults. I am also a shareholder here and a CFA Charterholder, not just some random moron posting on a message board. I am concerned like the rest of you, let's be realistic here, shares in £3Bn market cap companoes don't fall in this manner for no reason, this is not an AIM stock.

Yes I am new to LSE. I have been a buyer since this stock first started its mighty descent last year. It is now the largest holding in my SIPP and my average cost is down to 720p + costs. I have held back on topping up heavily recently as I would rather wait for more clarity post earnings and AGM. I know if they have to cut dividend I will be able to buy lower so it's wait and see. Long-term I am still optimistic assuming no nasty surprises coming in March

* stock has declined c25% from recent highs on nothing other than broker downgrades to neutral/hold; * growth in costs will outpace revenue growth for next c2years, however company will still be profitable; * unlikely that dividend will be covered by earnings in next 2 years therefore a cut in dividend is unlikely, unless company wishes to borrow to pay divs; * a dividend cut after 10 years solid dividend growth will be viewed as a negative signalling effect to the market, shares likely to fall further if this is confirmed; * stock is oversold when looking at technical indicators however not oversold if we take into account a dividend cut, the extent of which is unknown at this stage; * company has an established reputation with governments and the global aviation industry, therefore can be seen as market leader in this respect. Last few weeks have been painful, and there is likely more pain to come in March. However, I am still confident the company and its share price will be in much better shape in 5 years time and beyond. At this stage without more information I have to keep faith that everything is as above and nothing catastrophic is about to happen other than a dividend cut. Will re-evaluate after earnings release and AGM but hoping things aren't as bad as the recent share price declines would suggest. GLA

Yea I'm worried there's more to this freefall than just broker downgrades. Clearly FY2016 earnings and 2017 guidance will disappoint, how much of the pending bad news is already priced into the stock though? That is the question. I always rated this a conviction buy below 700p but not so sure now given recent action we've seen + short interest etc.

My apologies, I see it was planned well in advance and announced as early as May 2016. Obviously no issue in that case

Tried to post a detailed message about this last night but obviously didn't work. In short I am unnerved by this, it is unexpected, and Stephen davidson has been an esteemed board member since 2005. A director resigning unexpectedly is never good news, especially so close to earnings.