rsi is over 70 and macd is showing over bought, sp will not go much higher unless theres some miracle or news, so expect some heavy selling
hope di maria sold :
NEW ARTICLE: Ben Graham's checklist for hunting high-quality value stocks "This is the third article in our series on how to screen the stockmarket for winners. Last week we introduced the father of value investing - Benjamin Graham - and investigated some of his early techniques for finding bargains trading below their ..."[link]
Update Thank you LionRock for those thoughts and for the reference to Paul Scott's analysis which I had not seen before. Having given more than my usual casual glance at the figures, I find myself agreeing with Paul Scott's conclusion, that it is actually very difficult to evaluate AVG's true underlying earnings. I then refreshed my memory of past years by re reading their history section on their website and looking at the names of major shareholders. Finally I see that FinnCap and Numis have downgraded their valuations, in one case projecting the impact of these short term issues into 2015/2016Adding two and two together and making five, I wonder why Nigel Wray (major shareholder) would want to be an investor in AVG and then I think about some of the current activities being transferred to Sigma and/ or outsources. My mind goes back then to the sale of Jena to the Japanese. Jena was built up by a series of small acquisitions and then sold for a very good profit. Is AVG as much a corporate trading company with its deal making, as a long term manufacturer manufacturer.Back in the real world, two, at least, of its major clients are having problems i e Rolls Royce and Petrofac and I am not sure that these problems, especially Petrofac, are short term.In conclusion, I remain nervous of the fact that whilst I do feel that the management are doing their best, the events outside of their control , could lead to a further profit warning. They need some good news!
Re: GREAT RNS A word of caution, I don't see mention of the loans from Kifin Ltd who are a susidiary of Kirsh Group (Swaziland billionaire amongst other things) NW1 have been aligned with the business for a long time and invested heavily so this is a continuing vote of confidence, but at a cost, their debt represents on a market cap of £20m ish about 35%, excluding Kifin interest From interim rns update "There are 13,000,000 (2013: 13,000,000) shares that could potentially be issued under the terms of options and a further 66,666,667 shares that could be potentially issued under the terms of the convertible loan that will potentially reduce future earnings per share". With losses last year of £1.6m, £160,000 cash in June, they need to sell sell sell loads of the devices and plans as well as having higher valuer wins in the b2b sector. A court case victory if awarded costs will contribute, but who would rely on that in an investment case, fundamentals at all times.
J Fisher Can anyone explain why there has been such a precipitous fall in the share price (now ca 35% from the peak), and which is continuing relentlessly?Thank you.
BuyBAO did you missed the boat yet?
npv 10 intresting to see the way Charles Stanley allocates a drop in Brent price towards NPV10 valuation of a producing assetthe drop from 100US$ per barrel towards 85US$ per barrel has caused a drop in 50% in the NPV10 calculations for the value of Athenasomething to take away in assessing the SP of other producing North Sea oil companies yet alone allocating any value towards non producing pure exploration companies!
yo yo yo!
I just gave 3LEG a BUY rating: 8m in cash in the bank? 1p a share hmmmm.. Will I be right? [link]
I just gave PTV a BUY rating: movement from low price.. Will I be right? [link]
Parkmeads valuation for Athena just released a couple of days ago[link] on a Brent price of $85/bbl 30% of Athena remaining barrels are valued at 20 million poundsbased on that assumption Traps part of Athenas business should be worth 10 million pounds : 227.17 m = 4.5 pence in actual moneyI still believe that a 10p T/O should be feasible taking into account remaining cash!imo
NHS England to invest in GP premises See [link]
Half Yearly Report "The anticipated timetable for obtaining a Banking Licence has been affected by our recent office move, but we are confident that our proposition remains a compelling one."That sounds a lame excuse. It's plain bad management to let a move interfere with your plans. The prospects without a banking licence look OK, but gaining a banking licence is THE thing for a good rise in the share price. It doesn't sound like a Banking Licence is coming soon - what do others think?
I used to love advent calendars - but now I think their days are numbered
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