Biffa Share Discussion Threads

[mitzis] 18/8/2007 09:51

Agree with you there ygor Severn Trent done well to sell Biffa at the right time long term 2 or 3 years I reckon Biffa will be trading between 300p to 400p so I will keep them for a while longer.

[ideal420] 17/8/2007 21:42

I'm in from 257, and when I saw 214 today, well, its not comfortable viewing.

[ygor705] 17/8/2007 18:17

My belief is that Severn Trent squeezed every last penny out of BIFF's P&L before selling it and this, to some extent, has tied management's hands this year. Nevertheless, there is consolidation to come in this sector and my guess is that BIFF will eventually be a target..............especially if the price keeps falling like this. Continuing Directors' purchases are another indicator of confidence in the future. We are now well below the 260p float price and all but recent trading levels on the chart which means that if anybody wants to sell at this level THEY HAVE TO TAKE A HIT. Nobody likes to do that so I anticipate a very sharp rebound once sentiment begins to turn. My only problem is......................I'm not sure on the timing!

[theband] 17/8/2007 17:48

I expected to see a significant rise in Biff share price today. Cant believe it went so low at one point, there doesn't seem to be much interest from large investors, in fact quite the opposite. I still think this will recover.......eventually.

[pictureframe] 17/8/2007 16:25

Just taken a position here, hasnt recovered as much as the bank even though its been walked down. Expect a strong bounce here next week with the added bonus of a nice jucey yeild ;0)

[jezboy1] 17/8/2007 14:16

Lol - soz to many zeros and too late a night last night. Looks like the Fed saved everyone's bacon. Good luck to you all.

[mitzis] 17/8/2007 14:03

good on you ygor I am thinking 220p is the lowest point.

[ygor705] 17/8/2007 14:01

Topped up with a few this morning. Not quite sure where the bottom is but am happy with the medium term prospects here.

[markinthepark] 17/8/2007 11:59

I'm surprised you even bothered to reply to him......

[bashor] 17/8/2007 11:57

jezboy1 check your calculation you will find you are out by 4.95 million he bought just less than £50K

[jezboy1] 17/8/2007 11:19

LOL - FD buys nearly 5 million worth of shares and he is already down 160K...

classic

[davidoj] 16/8/2007 16:53

Down 9p at close. been as low as 216p 16 Aug 2007

[markinthepark] 16/8/2007 13:35

RNS shows FD just bought 22,000 shares....I can't see the FD spending his own money just trying to show support for the share price....now that's got to tell us something about fair value here....imo fwiw

[james93] 16/8/2007 13:03

Looking very strong today though.

[hmkwan] 16/8/2007 11:50

if USA go to donw again,
BIFF maybe go 160-180P.
net earn only 14 p at last year!!if p/e=12, should price =168 P.

[james93] 16/8/2007 09:21

Just bought in. Hoping this is the bottom.

[theband] 16/8/2007 08:30

ideal420....I agree with a lot you say, and for some reason that figure 180 keeps being mooted. However this mornings resistence at 220 is encouraging and i am tempted to double up now. Who would have thought good old reliable biff could lose 40% in a few weeks.

[ideal420] 16/8/2007 00:05

Your mates plan is fine. I have a method which means I don't have to worry about day trading, because I can't. I recently took a day off work and sat infront of a terminal, much like your mate, simply followed the 50min moving average, when it went 2 blocks beyond this point in the opposite direction I simply went for a 4% grap, worked nearly every time.

But with the market at the moment, moving averages don't work. Essentially its about predicting the current feeling and trading the swings. Problem is, what is the current feeling? Some folk screaming bear, some folk screaming value. Its carnage.

Another trick is to have two accounts, one cash and one futures. The cash market matches the futures near as damnit, but with a 4 second delay. This is useful for grabbing a slightly better position in the cash than you perhaps otherwise would have.

I waded in on biff at 257, fully expecting to see 240 and possibly 220 (at the time, 10x future). I just wanted in in case some git made an offer and it was game over.
The low eps, lack of growth etc mean its possible they will kick this down to 8-10 future pe. So 180 is quite possible. Especially given that credit issues make a takeover less doable.

I just can't bring myself to sell with this loss. I will beg / borrow / steal and double up if it hits 180, but not before.

[theband] 15/8/2007 22:22

My mate has a strategy for the playing the dow that he picked up at a seminar, and he is doing very well. I have to say though that when his position goes againsr him he has ' balls of steel ' and doesnt sell, and usually it comes back in hs favour. So at times he's looking at huge losses and doesn't bat an eyelid, just says, it'll come good, you'll see, and it bloody does.
The strategy is to have a live chart of the dow (advfn to a great one ) and have a weighted moving average. The standard is 15, but he prefers 30. We call that the brown line. If the share price goes through the brown line and carries on going he gets in. It sounds too simple i know but it seems to work. Just look at the last 3 hours of the dow tonight on a chart, he's would have made a couple of grand at £10 per point but he had to go out for a golf lesson lol. Ftse set to open 100 down in the morning, probably squeeze a bit more out of poor old biff. I may buy a few more to bring my % loss down, but wheres the support, ??

[ideal420] 15/8/2007 21:25

theband You can make money on the spreads, if you have a strategy that works for your situation. Problem is, you can go bust before you find it :)

Mine is simple. Use a combination of EMA's + RSI to monitor/play the FTSE and use limit orders/sells to opperate inside the average. Up until last couple of weeks (not played) its worked extremely well (although the amounts are tiny as I don't have the funds).

And for equities its even simpler, I tend to go for value stock, which usually means its falling. Everyone goes on about catching knives. Well, simply hedge your position (as you have done). Buy the physical stock, then put limit sells in on spreads, follow it down trailing the stop. If it ticks up, sell again with a tight stop. If it keeps going up, close out and you've lost virtually nothing but guaruanteed your stock position (nothing worse than following stock for ages to find a bid comes out of nowhere).

I did this sucessfully with IMP and CRE. Unfortunately I didn't (hadn't occured to me) with BIFF and am now 25% down.

[johne1] 15/8/2007 21:15

theband - 15 Aug'07 - 17:50 - 994 of 994

I agree. Playing with the indexes is not for me - far too risky, especially in these times. However, betting on company shares is a lot calmer - less profit, if you call it right though.