Re: Broker downgrade Agreed but at 650-700p they would become attractive with a 6% yield ill keep an eye on things and might come back when they fall further and become oversold.
Re: Broker downgrade Hi Happy Rabbit,I agree that there are better yielding shares out there and I have tended to trade UU to take capital gains rather than hang around for the divi.However, 4.55% is better than the 3.7% yield on offer just a few weeks ago when UU was trading around 1050 or so. The median price over the last couple of years is around 950 or so, suggesting shareholders are content with a 4% yield, and unless we are seeing a significant correction I would expect to see that price again this year.oversold I was actuallly referring to the RSI indicator, presently showing well below thirty, traditionally considered to be the oversold figure. It doesn't always follow that the SP will rise to compensate; it could just sit around the same area and the RSI will rise. Also, the RSI could remain in the oversold region for an extended period.God luckCallun
Re: Broker downgrade Callum, Not sure that it is over sold in real terms. The divi is 38.87p which gives a yield at 854p of just 4.55%.This is not a great deal!Regards,
Re: Broker downgrade Added @ 855.5p
Re: Broker downgrade Opened well down on Friday's close. Disappointed since I added on Friday at 874.Significantly oversold. Either there is something going on that we have not been told about or there should be a bounce, though perhaps not as great as we might expect. Might have to settle for a longer term hold than I wanted.Callun
Re: Broker downgrade I agree I may top my holding up if same price
Re: Broker downgrade HiUnfortunately we usually don`t get to see the full analysis behind their target prices, the latter often being wrong.I think the fall overdone, nothing in currently but if it opens tomorrow around Friday`s close or just a little higher, I`ll be in with the start of another derivative long run.More potential for profit than loss at around 867/875. IMOGLsoi
Bought at £8.74 Sold some Std Life shares and thought I'd risk a punt on U.U. as it's volatile. Fancy making a quick buck over the next month.
Re: Broker downgrade The thinking behind Credit Suisse is apparently the OFWAT review due in 2019 which could hurt UU. However, back in Jan they upgraded UU. and now they have lowered their target by a jaw dropping 15% !!! Brokers just don't have a clue.I would say that possible future rates rise, possible govt price capping, brexit worries and bond proxies being hit in general have helped the decision. At 878p it seems a very good price to me right now.
Broker downgrade Credit Suisse today downgrades its investment rating on United Utilities Group PLC (LON:UU.) to underperform (from outperform) and cut its price target to 850p (from 1000p).---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- -It would be nice to see the thinking behind this change of opinion. They have waited for the SP to fall from the 1050 region before dropping this gem onto the public ears. Hindsight predictions are 2 a penny.Looks to be near the bottom of its present cycle to me so I intend to top up against this advice.Callun
Re: Share bonanza Handover fist. Thank you for that post. I'd no idea that was the case re. ISA holdings.
Re: Share bonanza Well I agree with the point you are making about directors with their snouts in the pay trough I don't think I agree that the dividend we get is a pittance. We do have the opportunity to vote against the directors's renumeration package each year at the AGM. This is far more effective than complaining on this board. One of the problems is that most private investors like us have the shares in ISAs or other accounts where the ISA or account provider is the nominee owner of the shares. This means that we are not actually entitled to a vote and usually are not even sent details of the AGM proposals. they go to the name on the share register - the nominee shareholder nor do we even have the right to attend shareholders' meetings. In fact if you contact your account provider they will usually agree to cast your votes in the way you require and will give a letter entitling you to attend the shareholders' meetings. This is not a right it is a 'favour' but usually it is granted.See the position herewww.sharesoc.org/nominee_accounts.htmlso if you want to vote against the remuneration package make sure you contact your ISA or account provider to cast 'your' vote the way you want. After complaining to Barclays they do provide me with voting forms now as a matter of course on all of my shares.
Re: Share bonanza The notice is granting of an option not notice of a sale, never the less it demonstrates how directors are using the printing press to get rich whilst paying a minimum dividend to real shareholders who actually paid for the shares they own. It is ridiculous that managing a monopoly business is rewarded with a pay package of £millions, whilst real investors get a pittance of a dividend.
Share bonanza Another nice pay day for the directors today, with the CEO Steve mogford collecting over 103 thousand shares equal to over £925,0000, bet he is upset, it would of been over 1 million if the share price had not dropped lately.
Re: Back in What a miserable c*** you are...