This is taking another battering today.
Im still waiting to get back in and will do when it goes under 100 because i made a tidy profit
when it went high
Does anyone know why its falling cannot seem to find anything unless im looking in the wrong direction
I haven't a clue with this company. The brokers that bother to forecast mostly seem to think it should be nearer 50p. The trends in average selling prices for its products all look pretty dismal. I wonder who is buying shares up at the prices we are seeing now.
Nearly doubled in the last four weeks. Ferrexpo looks similar and KAZ. Seems all the miners have been waiting like a coiled spring to explode once copper and iron prices started to rise. Same could happen to all the oilies as we go back over $40pb.
Bought just a few before tomorrows update. Bit of a gamble but made good money on way up to £2 earlier in year- same again please! If the company were prepared to buy our shares at £2.06- they must be as surprised as the rest of us about the drop to £75p. All the brokers suggest a price north of £1.30 so we'll see how it goes.
Weird how one month they want to buy back shares from us at £2.06 and now the price has dropped to £1.20. I made good money buying last year at 60p and then selling off between £1.50 and £2.05 this year. Maybe I will get another chance to do the same again!
Russian steel group Evraz dropped 7.1p to 139.7p after UBS cut its target price from 170p to 130p and issued a sell rating, while Mitchells & Butlers fell 9.6p to 465.7p as Barclays moved from overweight to equal weight. Barclays said:
We have argued over the past few years that the quality of the M&B estate has been inconsistent with the valuation. With the shares edging up to our price target, we believe the re-rating relative to peers is close to complete.
Much has improved from a corporate governance perspective, and under chairman Bob Ivell, chief executive Alistair Darby has been in place since 2012, a number of independent non-execs have been appointed, and there has been no obvious disagreement between the company and its major shareholders. There have also been some signs of operational improvements, such as food volume growth. The December 2016 PE of 11.3 times looks undemanding in absolute terms, but we believe operational improvements are now required before arguing for a further re-rating.
There is no special dividend which is right because Evraz made a loss last financial year. Instead there is a tender offer of $3.10 of up to 8% of the company's shares. At the time it was announced, this represented a 10% premium to the quoted price
Who would have thought. a triple bagger since I bought in March last year at 55 and 65p. Now sold enough so all those I have left are free! Wish I had put all my money into this.
Those pesky oil shares are not behaving!
Still, there is only one way to go from the bottom and thats up right? Er no- it could be insolvency. I blimin hope not! GKP, AFR, CAZA, XEL, BLVN, RRL - OMG!!!! Not selling now thats for sure! The oil price seems to have calmed this last week- heres hoping for a reversal.
Today £1.45- it just gets better. Roll on those days of 2013 when it was £3 or in 2012 when it was £4.50! The all time low came this April at 50pish before it turned on its way back up. Plenty of room for more growth yet!
Just seen on the headline ticker on Bloomberg TV that Evraz is looking to IPO its North American steel unit in the next few days - not sure if this is why the price has been ticking up over the last few days, but now wish I hadn't bailed out at 114p...
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