Aj Bell Share Discussion Threads

[umitw] 22/5/2020 10:22

Well it's not 10%, looks like 8% 30,9 million shares sold to,institutional investors @ a price of £4 per share.

[umitw] 22/5/2020 10:16

Almost 40 Million shares sold, a bit more to go then!

[eaaxs06] 22/5/2020 10:04

Buying around that 370 level should produce good quick results. When news of the share placing is released (probably late today) the share price will quickly bounce back to the 400p level.Once all the trades and cleared out at that level I would expect this to start moving upwards again very quickly.

[mad foetus] 22/5/2020 09:51

I got in at 372, very pleased with that

[sammu] 22/5/2020 09:51

I was looking at the forecast earnings on the investor relations website. Why is this on a P/E of over 50 when earning are forecast to be at best static. The forecasts were dated before yesterday's results but still. Is there takeover expectation heavily priced in?

[orchid5] 22/5/2020 09:50

Coronovirus.

Invesco: See their last results - dividend halved - they probably have little else to sell that has made a significant profit.

hxxps://ir.invesco.com/investor-relations/investor-center/event-details/2020/Results-for-Three-Months-Ended-March-31-2020/default.aspx

[buywell3] 22/5/2020 09:43

Timing is everything in this game

Well played

[eaaxs06] 22/5/2020 09:36

It would change things a lot if Hargreaves Lansdown picked a few of them up in the placing?

[thefurryone] 22/5/2020 09:26

AJ Bell shares slump as Invesco sells near 10% stake
Invesco has sold off almost off of its remaining stake in AJ Bell as the broker platform’s shares have climbed back to near a record high, raising more than £123m.




Following Mark Barnett's recent departure I'd guess the new managers are reshaping the portfolio. AJB has done well so perhaps using it at a source of funds to buy into something else.

[saltaire111] 22/5/2020 09:26

It’s completely crazy. Why would they choose to get out now? Yesterday’s numbers were phenomenal. They’re left with 0.3%. I guess they must have been hammered elsewhere in the Covid downturn and need the cash.

Salty.

[saucepan] 22/5/2020 09:16

Steve73: you are correct. I think the RNS has been misunderstood by some punters.

The shares have also found new buyers who see value and upside at 400p.

I have taken it as a buying opportunity and acted upon it. No advice to others, however.

[blondviking] 22/5/2020 09:02

Buying opportunity?

[steve73] 22/5/2020 08:42

If you read the RNS, it's not the co. that placed the share, but one of the initial investors (as was allowed in the float doc's). AJB get NO benefits from this placing.

IIRC there are a few other initial funders who's lock-ins are due to expire in Dec.

Surprised it dropped this much though...

[rolo7] 22/5/2020 08:23

6080 old resistance on fste 100 from years ago great time to sell did not go through that level again

[saltaire111] 22/5/2020 08:22

Completely ridiculous.

A-holes!

Salty

[brownie69] 22/5/2020 08:15

Bloody hell! Why the placing? Raise £120m they don't need and knock 12% off the share price Thats a loss of £200m in market cap, gone.

I'm out.

[steve73] 22/5/2020 08:14

So 30MM shares at 400p being dumped on the market...!

[eaaxs06] 21/5/2020 13:35

All the reaction and re-rating was covered by the Trading Update a month ago, Salty.

The main thing we learn today was revenue, earnings, divi, etc, which we probably could have made a good guess at given the customer numbers that were announced recently.

[saltaire111] 21/5/2020 13:20

Very muted response to excellent results. I suppose the share price improvement in recent weeks reflects the performance and I shouldn’t grumble.

Salty

[eaaxs06] 21/5/2020 10:40

Struggling to get through that 460 level for the past hour and a half, it's a bit like hitting a brick wall.

But every time it returns there today (hopefully) the resistance weakens.

Good luck everyone, Sid.

[saltaire111] 21/5/2020 07:40

Wow!

Superb interims!

Total customers increased by a record 30,113 in the period to 262,179, up 22% over the last 12 months and 13% in the first half of the current financial year.

Looks like we’ll see that fiver!

Salty

[saltaire111] 20/5/2020 20:50

Big day tomorrow. Good news and it will be £5.00.

Salty

[eaaxs06] 20/5/2020 16:26

I was expecting a bit more of a run up in the share price as went towards the close.Let's hope the figures are well received tomorrow morning. Good luck everyone, Sid.

[eaaxs06] 18/5/2020 10:36

Another nice start to the day for AJB. It's strange to realise it's not even been 4 weeks since the trading update and the shares were languishing at under 3 quid.

With the full half year figures due on Thursday, I'm just wondering how much of a run up we're going to get, as all the news has already been announced?