Re: Profit taking by someone..... Where did you see the ML downgrade?atb
Re: Profit taking by someone..... Another downgrade this morning from Merrill Lynch to 'underperform'
Re: Profit taking by someone..... There is a gap to fill on the chart around that 6.00 level that you would hope find good support.atb
Re: Profit taking by someone..... liberum still says buy and targets £6.75 .to be fair SSP has had a good run so a pause for breath only ( I hope)
Re: Profit taking by someone..... Kepler Cheuvreux downgraded this morning from 'hold' to 'reduce', target cut to 600p
Re: Profit taking by someone..... [link]
Profit taking by someone..... Largest pullback for a while (4%) with underlying signals all negative[link] 6.47 / 6.27 / 6.06atb
Re: 12 month candle chart with fib levels [link]
12 month candle chart with fib levels [link]
Broker forecasts 23 Nov 17 Morgan Stanley Underweight 639.25 480.00 530.00 Retains23 Nov 17 Barclays Capital Overweight 639.25 - 650.00 Reiterates22 Nov 17 Numis Add 639.25 - 670.00 Retains22 Nov 17 Shore Capital Buy 639.25 - - Reiterates22 Nov 17 Liberum Capital Buy 639.25 600.00 600.00 Reiterates[link]
More cash returns to come at SSP, says Shore Capital More cash returns to come at SSP, says Shore CapitalUpper Crust owner SSP (SSPG) has reported better-than-expected full-year results and dividends, leading Shore Capital to predict more shareholder returns.Analyst Greg Johnson retained his buy recommendation on the shares, which jumped 6.6% to 647p on the news.The group reported an underlying operating profit increase of 34% to £162.9 million, which was £5 million better than forecast. It was driven by strong revenue and improvement in margins.Management noted that the current year had started well with an encouraging pipeline of new contracts.The group has announced a step in the payout ratio from 35% to 40%, resulting in a sharp increase in its full-year dividend per share to 8.1p against our forecast 6.8p and a £100 million special dividend and share consolidation, said Johnson.With the debt/earnings likely to remain below the target range we would expect further cash returns going forward.He added that the better-than-expected results and the special dividends meant he had revised up his profit before tax forecasts for 2018 to £174 million.[link]
Re: Finals Up over 60% since early March this year. I liked the India venture going forward.atb
Finals Cracking results with increased dividend in March & a Special in April.
barclays capital says... be overweight SSP and targets £6.65
morgan stanley says... underweight but raises target price to £4.8 .bad advice for most..... only the shortest term investor should sell methinks !