Many investors assume that all UK Index Banks are the same and their share prices move in lockstep. Invest in one, invest in the other, what’s the difference? Today is a great example of a trading session that proves nothing could be further from the truth. Some of the blue-chip Banks are rallying (RBS), others…
Another day, another takeover, with a handsome 35% share price jump to boot. And today its the turn of specialty healthcare/biotech company BTG which could be snapped up by Boston Scientific after it offered 840p cash per share (36% premium). BTG operates via 3 segments; interventional medicine (oncology (cancer), vascular, pulmonology), pharmacuticals and licensing, and has been formed…
As we move into the weekend the UK 100 is bouncing from another flirt with round number 7000, albeit still stuck in what is now a week-long sideways channel with a 7000 floor and 7100 ceiling. Uncertainty remains with regards to UK politics and Brexit, which could yet move GBP next week with a knock-on…
I recently wrote a piece about stop losses and how many retail traders/investors prefer to take the risk and trade without them. At the time, I mentioned the psychology of hope and conviction in share price recovery, holding on to a losing position “because it might bounce back”. This week I develop on the latter, discussing…
The biggest blue-chip faller over the past several weeks has been UK Index tobacco manufacturer British American Tobacco (BAT). Its shares have now hit 7-year lows, having fallen close to 25% in the past 3 weeks and -46% year-to-date. The latest news hurting British American Tobacco originates from the United States where government regulator the Food &…
On the eve of today’s first half results, Vodafone shares were down a whopping 39.7% from January’s 2.5yr highs, trading 9-year lows. The driver was a combination of concerns about slowing organic growth/competition, overspending to reignite growth (e.g. 5G, International) and the risk of the dividend being slashed/re-based to preserve cash and help deleverage a…