3i Share Discussion Threads

[jonwig] 18/3/2021 07:21

Update, esp. Action, including webcast:



Stronger GBP will adversely affect NAV:

Over the course of the financial year, we have seen a reversal in foreign exchange, as sterling has strengthened against both the euro and US dollar. As noted in our Q3 performance update, based on the balance sheet as at 31 December 2020, a 1% movement in the euro and US dollar results in a total return movement of £62 million and £13 million respectively, net of any hedging.

[onjohn] 31/1/2021 12:24

Robinhood’s marketing, meanwhile, papered over the fact that its business model, and the free trading, were paid for by selling customer’s orders to Wall Street firms in a system known as “payment for order flow.” Big trading firms like Citadel Securities and Virtu Financial give Robinhood a small fee each time they buy or sell for its customers, typically a fraction of a penny per share. These trading firms make money, in turn, by pocketing the difference, known as the “spread,”; between the buy and sell price on any given stock trade, and the more trades they handle, the greater their potential revenue.

The mismatch between Robinhood’s marketing and the underlying mechanics led to a $65 million fine from the S.E.C. last month. The agency said that Robinhood had misled customers about how it was paid by Wall Street firms for passing along customer trades.



ii does the same with winterflood

ig is even worse

[jonwig] 28/1/2021 07:29

Performance:



Nav rise from 905p to 936p in the quarter.

[roguetraderuk] 08/12/2020 11:21

it was upgraded on the day it went ex-d which clearly cushioned the blow. shares are outperforming now given that action earns in euros and a no deal inspired drop in the pound will boost the bottom line significantly. all other things being equal 3i could easily move to 1200 on the back of such a move once the dust settles.

[chc15] 03/12/2020 21:01

Didn't go down much or for long. Went ex div today, and still went up!

[thaisi] 24/11/2020 12:30

Yes i looked there first but its the only reason i can think of 3i unusually going down in a market rally??

[jonwig] 24/11/2020 11:41

Not that I can find.
This would be the place to look:

[thaisi] 24/11/2020 11:35

Anyone know whether Action are being forced to close shops hence the share price drop?

[thaisi] 12/11/2020 14:27

Reckon they will hit £15 by the summer if the vaccine is a success a definite buy on weakness..

[jonwig] 12/11/2020 11:42

The NAV is higher and the share price lower than a year ago. Maybe there's still a few pence to go!

[its the oxman] 12/11/2020 11:07

Sold a few of these yesterday 1080p. Obviously a big mistake.

[chc15] 12/11/2020 10:46

So currently at a decent premium, q is how much more can the share price go now?

[jonwig] 12/11/2020 07:25

Interim results.



The nav numbers paint a simple picture:
09/19 ... 873p
03/20 ... 804p
09/20 ... 905p
and that's post-divi payments and a pension accounting loss.
Action contributed about half of returns. As expected, I think.

[chc15] 07/10/2020 15:22

Having a great run atm, I sold a lil to take some profits from my lockdown purchases!

[chc15] 05/8/2020 11:01

Quiet on here, but nicely creeping up. Hopefully stays above its NAV ongoing.

[chc15] 25/6/2020 15:49

Interesting movement today, I had a nibble in the morning, and it's gone up now. Must mean some good support below 8.

[chc15] 05/6/2020 09:09

Good call, now above 9. I'm glad i kept buying when this was dropping, shame it was outside an isa. The Action stores must be heaving, and I doubt there will be a second wave of virus, we'll see..

[scooper72] 03/6/2020 11:34

Yep. Bought back in about a month ago at about 730p having sold out as it was dropping in March. If things get back to some sort of normality they should be a good long term hold. Just the IF normality resumes is the big unknown.

[chc15] 03/6/2020 10:13

Having a good run atm, anyone here brought in recently?

[chc15] 14/5/2020 08:56

Yes impressive results, divi too, so will encourage more buying into the stock. Shame the ftse is down, as this would prob gone up much higher.

[jerseyman1] 14/5/2020 08:30

Reaction now getting a bit surprising, up 40p!

[podgyted] 14/5/2020 08:17

"Better than I feared" sums it up nicely.

[jerseyman1] 14/5/2020 08:12

Solid results, dividend held, strong liquidity. Decent returns despite multiple reductions and some material write downs. Better than I feared, and Action now appears to have all shops open now!

[bothdavis] 11/5/2020 12:26

Not so sure, they may wish to cut div for extra buying power if they see oportunities in the new world we now live in!?

[its the oxman] 11/5/2020 11:47

Nav down and div cut almost certain but also no surprise in these new times.