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Share Name | Share Symbol | Market | Stock Type |
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Foresight Enterprise Vct Plc | FTF | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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50.50 | 50.50 | 50.50 | 50.50 |
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EQUITY INVESTMENT INSTRUMENTS |
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Posted at 05/10/2002 14:49 by airrage October 05, 2002 Purchase of Fitness First shares fails to halt slide By Dominic Walsh DIRECTORS and management of Fitness First yesterday attempted to stem the collapse in the share price after Thursday's last-minute profit warning by buying almost one million shares worth £875,000. The move came as LA Fitness, its closest rival in the value-for-money fitness sector, sought to distance itself from Fitness First's woes by issuing a strong trading update showing like-for-like sales growth of 9 per cent. Five directors of Fitness First bought a total of 561,500 shares at 91p, while management bought a further 400,000 shares. The biggest buyer was Mike Balfour, the chief executive, who took his total holding in the company to 5.44 per cent by adding 300,000 shares. Analysts suggested that Mr Balfour's credibility would now come under close scrutiny, particularly from institutional investors who were persuaded to back a £75 million rights issue in February at 412p a share. "Investors are absolutely seething and I wouldn't be surprised if Balfour pays by having to fall on his sword," one said. There is more to be read in this article...... I am a bit worried(not personally) about any FSA Investigation into the share price fall before the profit warning. |
Posted at 29/1/2001 11:11 by iandippie Last year's full year results were released on Thursday 27th Jan 2000, when the price stood at 1060. On Monday 31st Jan, the price DROPPED to 978 - a drop of 7.7%. On the 2nd of Feb, it went UP to 1062. By mid March, it peaked at 1450.Personally, I'll be happy to see the same trend again and I'll bet that many small investors we're caught out by last year's shake out before the rise. It looks like it's happening again, but if I'm wrong, I have a stop loss price of £9. So I would lose around 12%, after commissions. However, if this DOES follow last years trend, then there is a big, big upside to this. Do your own digging, but IMHO, this fall is a storm in a teacup. One more thing, only growth companies offer share splits. And Fitness First said they want to exercise a 2 for 1 split. |
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