Boot (henry) Share Discussion Threads

[goliard] 07/2/2003 09:16

The 1,000,000 was definately a share buy back. RNS confirms it at that price.

Just as a PS, I remember seeing this quote on another thread and I think it applies perfectly here.

'ALWAYS REMEMBER THAT THE MARKET CAN STAY IRRATIONAL LONGER THAN YOU CAN STAY SOLVENT'

[roblonduk] 06/2/2003 21:28

I am not convinced of that!

When did a share buy back ever record as a 1,000,000 sell? (timed at 1635)

In the old days it use to be a clear Buy as the Company buys shares from the market.

But then I am most confused by the lack of logic surrounding anything to do with these shares

Rob

[onehanded] 06/2/2003 18:51

1 million was a sharebuy back after hours from the company

[roblonduk] 06/2/2003 18:38

Over 75% of trades were sells today yet the price increases by 2.5 pence. Bizarre!

Something serious may be a foot as I also note that over 1.5 million shares (25% of the day's volume) was sold after the close between 1635 and 1641

I'm pleased I'm not long in the morning

Rob.

[goliard] 05/2/2003 17:18

I think I will stay away from shorting these until the end of the buyback program. Brokers will obviously buy on any weakness. I'm almost tempted to go long but I have such a poor opinion of the company that I can't quite bring myself to do it!

[onehanded] 04/2/2003 17:46

HA buyback starts today, estimated 50 million in total. Today just 1 million so plenty to go.

[denny] 03/2/2003 17:56

I agree it is now a risky stock to short at the moment. I am glad I got out.
My view is that if we get more rises tomorrow it will cross the Bollinger central band and then be destined for the upper band at around 580 to 590ish.
RSI is improving dramatically and MACD looks set to cross the signal line in the next day or so.
I am well out and will wait. If the turnaround continues I will go long on them until a target of around 580p
If they do not turnaround I will stay out anyway.

[onehanded] 03/2/2003 17:40

This is a dangerous share to short now.They are re-grouping and may well spring a surprise or 2. IMHO

[roblonduk] 02/2/2003 21:45

Johnmolnar

Cheers for the very interesting article. It does put matters into complete perspective.

All the points I've been raising above seem well argued. This company in the medium term is going nowhere and I am not convinced it will be able to turn itself around.

The same bad press which befell Marks and Spencer may soon combine and befall Boots. However, M & S were able to turn the ship around.

Strategically there seems little hope for Boots. Its simply a matter of time, but I must admit I have been shorting these on a 2-3 month time frame. It may take longer.

I am currently £300 a point short with average at £5.40. Here's hoping for some better falls and worse press next week

Rob

[denny] 31/1/2003 13:56

I have now closed my short position on this stock and took my profits. I also felt the stock was going to sink lower but it seems to be hitting resistance.
Best of luck to all you other shorters. Keep a sharp eye out don't forget the greatest sin is to watch your once profitable position to slowly disappear before your very eyes.
That is my excuse for being a coward anyway, but I really believe this stock is mis-behaving and turning around, for what reason I do not know.

[roblonduk] 30/1/2003 23:47

I must admit I am becoming somewhat anxious despite my earlier confidence.

I can't understand how even today with the Sell/Buy ratio still being bearish (but to a much lesser extent than previous days!) how the share price can be up 15p.

This could become painful...

I would like to see below £5 by the end of tommorrow (Friday)

If it rises I may just take Goliards' advice. The balance between greedy and shrewd could just tip, but here's to Friday.

Rob

[goliard] 30/1/2003 10:48

Rob,

Totally agree. At one stage I was £350 a point short and got a bit nervous as the price was maintained despite selling pressure. Also, the markets are sitting at eight year lows and despite very bad prospects Boots is holding its own.

I've been short from about 565 and increased on the way down. Now I'm out and waiting. If the shares recover to 550 or so I'll short again, but they should be at 450p so good luck to you.

[roblonduk] 29/1/2003 21:41

Looking at the buy/sell ratio today it again looks confusing.

For every share bought there appears to have been 3 sold, yet there was a 15 pence increase showing around 3pm. (price- £5.20)

It would appear on these ratios that these shares are being artificially distorted but for what reason?

I think there's some huge player attempting to dump stock, as witnessed on the 28th with two sells of 1.25 and 1.05 milion.

I'm expecting a huge plunge below the £5 mark by the end of the week.

But here's to Friday, and really, who am I anyway!

DYOR

Rob.

[ttg100] 29/1/2003 09:49

closed short +33

[roblonduk] 29/1/2003 09:48

Goliard,

I agree, but its the balance between being greedy and taking the appropriate risk which makes you rich or poor.

What was very interseting was the rise of 11p yesterday on the close when the Sell/Buy ratio was 4/1

In total some 5.4 m were sold and 1.4m bought. I could not understand the artificial rise and do feel we will see further falls in this stock throughout the week.

There were two huge sales of 1.25m and 1.05 at around 11am within minutes of each other which implies some large fund manager is dumping stock. The buys are not in large volumes at all.

In this current market I'm sticking with them but constantly reducing my stop loss. Its now at 540p.

I can see that these shares could well be at £4.50 within the next few weeks

I can't see huge buying potential now the figures have been reported.

Best of Luck and hope you done well out of your short.

Rob

[goliard] 28/1/2003 09:13

I've closed my short now. No point in being gready!

[bigboyo] 27/1/2003 23:58

next stop 400p maybe ?

[roblonduk] 27/1/2003 22:43

It looks as if we're going to see below £5 in the morning.

It looks like everything around us is collapsing

Rob

[m.t.glass] 24/1/2003 09:07

pjw/jarbie - for future ref... hit the round red 'help' button on the Trades page for summary of trade code letters.

[bigboyo] 24/1/2003 09:02

will we see the magic 500p breached today or will we have to wait till next week

remember where you heard the 500p first ? this thread maybe ? :-)

[roblonduk] 23/1/2003 09:11

Down this morning 15.5p to 525p

Hey Ho the shorters....

Rob.

[xerxesuk] 22/1/2003 15:53

Hm! Nevertheless, Tempus has a good point about needing to replace the chairman and CEO. Makes a takeover less likely to be fraught for any potential bidder. I am also inclined to agree that the change in pharmacy regulations will not have much effect Boots, given the breadth of its sales.

I'm inclined to stay with BOOT, even though the 'profit' on my BOOT investment has now just about disappeared.

[ttg100] 22/1/2003 15:05

agree with Tempus - mature business only value now is bid.
- too much comp from supermarkets/direct mail/web/superdrug.
- stores very old fashioned & cheap looking
- i am short