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look at previous share reactions to results.... exactly the same. If you are a MM would you offer the possibility to potential buyers to sell at a high price? No, you will mark down...let whoever wants to sell ...to sell and then slowly with demand mark up....that is the nature of trading. ....
You can not but admire the current resilience of this stock. Breaking 600p is important and maintaining this level against profit taking the next couple of weeks would only IMO point to the 700p level. At that level and above NTG valuation would be in my eyes at least demanding. Well done to all those long on the stock.
There are far too many open regulatory issues here so I am not that confident that the news from Israel would signal any changes regarding the current LAD state.. A look at the shorters monitor though makes some interesting reading with short positions now at 3.6% instead of a 6%+ in early October. Several funds have purchase stock and reduce their shorts ...so that might justify the increase in the current share price. Overall once the political issues are clearer and some of the uncertainty is reduced ...we would be gambling here. A reduction of shops by 50 odd is not anything significant at least in my eyes but the divi is tasty and no one can ignore it. Additionally no one can also ignore the strong resistance the 145-150p levels have shown with several players accumulating stock ...so where do we go from here? I would only guess a stagnate situation between 155 - 175p. I do believe that LAD is a potential takeover target but is that the best time to launch a takeover when there are so many open issues on the horizon that would impact future earnings and make any valuation of the company look hypothetical? As a potential capital gains gamble [ on takeover rumours] and on yield basis I would say go for it... as a long term investment and a recovery stock...sorry but I do not see it at the moment . GL with your trading.
The assumption of significant savings in stores does not hold that much water at the moment as more research is done on what the two companies actual offer. There are more benefits in what they call 'synergies' rather than the actual shop mergers or closures. The main benefit I can see is the powerhouse that would be created by merging the two companies. Larger size means bigger purchasing power, market presence and inclusion on the main cap index would realize further benefits from funds that invest only on main cap shares. Merger would also in my mind mean that potentially better terms on current loans can be realized using the new shares as collateral ?The merger if it is to go on would IMO be beneficial for both parties and for the shareholders of both. Again this is my guess but passing the obstacle of the main big shareholders in CPW would not be easy.
Fest just increased their short on DXNS to 1.84% bizarre ....but worth thinking about
I think you did not fully understand what I mean rusty, with all due respect. Sector constituents tend to be on multiples if you see the multiple for a relatively new business such as AO. and then compare it to DXNS which is an established business with ONLINE as well as high street presence ...and apply the 'law of similar multiples times of profits' then obviously something does not hold water. DXNS seems to be not only undervalued but some sort of ..a joke.... excuse my expression. So there is something not right here...and it is not the free shares you say...someone IS buying the shares. Why don't they buy DXNS then when it is so undervalued under the same norm for comparison? DXNS should be 60p+ AT LEAST imo on a same playing level field. We are surely missing something here....It is crazy! 15 Mio shares bought at close to 4 pounds a share and we have DXNS here at 52p at best?
We were discussing it in the office today but makes no sense whatsoever. CRAZY! Imagine if the usual sector comparisons were to be used...what would DXNS same level playing valuation be then? How that changes the mergers new vehicle valuation fundamentals? These questions need to be answered or else AO. must be something of a oddity ....I also said crazy as I was aware before the introduction in the market of the demanding valuation but to then see a 45% increase....OMG...something about DXNS then is not right here...the share should be then 60p + at least.
I would not agree with you on your general tone of the 'corrupt IPO' industry. On the contrary I strongly believe that new issues have an important role to play in the market. What I found really crazy is the current valuation after initial IPO for AO. Someone sells and someone's else's clients buy those shares at these stratospheric valuations. Here we have DXNS ...with 12 recommendations for 60p or more and a valuation with many years of track history and they struggle to go above 53p. Something is seriously not right in that. The price for AO. should perhaps attract shorters?
AO The UK online appliances seller's shares rocketed 45% on their first day of trading. .....CRAZY!
Rusty if you want volatility .........pay a visit to the banking sector shares [ HSBA,BARC] ...dear oh dear!
It is worth noticing that Marble's close its entire short position in the stock while amazingly Fest increase their short albeit by a small percentage having 1.7% short position. I wonder why?
What you said is correct. But aren't all marriages like that? For someone is a little better for someone less but the cumulative vehicle created has better funding, better purchasing power, more cost cutting opportunities, better investment entity all together capable to become a much strong European player. Again the ball should be primarily on CPW court and to the key large shareholders there. A final line I do admire DXNS Top Management, when many MD is far too many top companies are waiting for the holy spirit to enlighten them, he acted and I am very pleased to see that at least DXNS has a solid top management not like some other FTSE100 companies...
Not a problem. There would be a lot of M&A this year. I would suggest having an eye for MRW as they do look very vulnerable indeed....as for DXNS...I am surprised it has not yet reached the 53p level. Seems to me a great deal of defensive approach from MM side...but with volumes pathetic today...what can one expect . They all trading water waiting for some further news to appear. All the best with your trading ...I can see you trade a great deal..Best of luck.
Remember you asked me why we sold some of DXNS? And I replied because we wanted to invest in LAD and we still hold a sizeable amount anyway in DXNS. That was a great move ....over 40K in profit by the close of the trade in one day. It was a hint.....
At 152 currently it is a weak buy to me. I like LAD...but too many bl...y shorters and regulation concerns are providing reasons to sell in any upswing. I admire you though for your patience as well as your targets which do not unreasonable to say the least. I would go in again if shares drops sub 148p. All the best...with your trading and a big thank you LADs. The share did give US the money...
I agree with you on that....but would CPW major shareholders go along and agree a merge?
Sold out at 157.2ish...A fantastic profit on a days work... Now moving back onto BARCs....
Sold another lot at 156.6... 300K shares sold in total and still 200 K some more left
Seems you missed my tip yesterday...
Sold some at 155ish. Nice one ...LAD