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Real-Time news about Proactive Sport (London Stock Exchange): 0 recent articles
|mylands: Big jump in the share price this morning, up from 7.75p bid to 8.5p bid, on no news other than the press comment on Rooney staying at Everton. Only 1,500 shares traded at 8.5p so, is there an announcement about to break that the mm's have got wind of?|
|thenaughtyboy: City pays £450,000 for a Rooney goal
By Nic Hopkins
WAYNE ROONEY'S four goals in Euro 2004 may have been priceless as far as England fans are concerned, but City punters, true to form, have managed to value them at a more tangible £450,000 apiece.
Rooney may not yet have won the tournament's Golden Boot award for being the top scorer, but his lustre is already rubbing off on Proactive Sports Group, which acts as the striker's agent and advises him on financial matters.
Proactive's shares have risen by 26 per cent since Rooney struck twice against Switzerland last Thursday, lifting the company's stock market value by about £1.8 million. Yesterday the shares rose 0.88p to 8.62p.
The increase in the share price reflects Rooney's soaring transfer value, which was placed as high as £50 million following his brace of goals against Croatia. At that rate Proactive would earn millions if Rooney could be tempted to leave Everton, the team that ushered him into the Premiership.
A handful of the league's top managers will be lining up to shake hands with Rooney, not just in an attempt to sign him up but also to thank him - Kevin Keegan, Sir Bobby Robson and Graeme Souness are among those who are also Proactive shareholders.
The rise in Proactive's value also reflected the inevitable surge in sponsorship earnings Rooney will generate regardless of whether England return home with the European Cup.|
|moonblue: i dont think it matters anymore...rooney is the reason for share price increase..so its how he performs that matters|
|erogenous jones: Share price seems to be motoring this morning.|
|erogenous jones: I have just returned from the dojo and listened to the closing 20 seconds on Radio 5 live to learn the Rooney scored another 2 goals. Won't do the share price any harm, will it?|
|erogenous jones: Moonblue - I did notice that Mr Rooney has a somewhat challenged visage! But, if he is transferred, this will translate to an uplift in the share price for PAS - but should he break an ankle......|
|erogenous jones: Share price seems to be making up some lost ground. Any rumours of player transfers?|
|erogenous jones: I must confess that I am not expert in matters of TA, but would like to share my thoughts with those contributors to this board for constructive and critical debate.
I try to use the long term charts (5 years) to judge the trend for a security and gradually shorten the timescale to attempt to define suitable entry point. Perhaps we all agree that the share price has performed badly! Has anyone read John Murphy's excellent book, Technical Analysis of the Financial Markets? I commend it to anyone with an interest.
The 5 year chart suggests tat the bottom has beeb defined and we appear to be in a rising trend. Well a rise in the share price is generally preceeded with a rise in volume and the volumes have been flattish. Never minda rise is a rise! Next good indicator (IMO) is RSI. I like to buy shares when the RSI (21 day) is below 30, which it is.
Next, I like to buy when there is a signal and for this we have to look to the shorter term. I am now looking at the 1 year chart - and you will notice that there is some volatility in the share price, even at these depressed levels. In fact we have a very attractive inverse Head and shoulders pattern and we have defined the right shoulder.
So where does the resistance occur in the share price? It looks to me to be a tad short of 8p - break this with some conviction then it becomes support.
Where next? Well in the immediate term, I expect there to be little change in the share price for another week before the share prices nudges up a notch. Within 3 weeks, I would expect there to be an improvement in volume and to test resistance before the end of November. If the share price does break this resistance, I see a rally to 13p in reasonably short order.
To rise above 13p will need to be news driven, I'm afraid. That and decent figures. Will power will not have much effect.|
|erogenous jones: The reason that the share price has not moved is that the opinion in the City is that the Company will neither be weakened nor strengthened with the disposal of the division.
What this does indicate to me is that the company under its current management is directionless - more likely to be the fragile state of football club finances rather than any personal weakness vested in the managers.
I am pleased that the share price is off its lows and would like to see further testing of resisistance. Once the share price has signalled a TA breakout, then I will consider buying more shares to average down. Until then, my cash remains in my pocket|
|erogenous jones: The target which I stated is the resistance point for the shares. If the share price (bid) closes above this price, and stays above it for 3 consecutive days, then it becomes a support price. Then, the likelihood is for the share price to continue rising whereupon 27.5p will be the next point of resistance.
As I have oft repeated, TA is not foolproof, will never guarantee success and it would be a lucky soul who manages to buy at the bottom and sell at the peak every time. What it does give are controls to ensure that you don't lose all your money every time you plunge into a security by interpreting the share price chart - that is what is ACTUALLY happenning and is historical. TA has been accurate for thousands of other securities over many years. It will not identify the disasters such as MONI.
It is important to set a stop loss policy in place and as the share price rises, so too does the stop loss. Mine is 9.25p bid. Share prices do not rise in a straight line (Doh!) and I am expecting the price to drop over the next few days before climbing steadily during December.
Oh, one last thing, I am following a little tiny company, BWE at the moment with a view to buy shares in the next few days.|
Proactive Sport share price data is direct from the London Stock Exchange