GlobalData PLC Executes Share Buyback to Enhance Shareholder Valuehttps://www.tipranks.com/news/company-announcements/globaldata-plc-executes-share-buyback-to-enhance-shareholder-value-2 |
looks as though there has been a steady sell-off during the day with no respite,
thought the results announced were OK, though pedestrian growth only. extent to which AI could disrupt their business is a worry but quality of their data should shield them,
FWIW Informa also sold off today and I thought their results were also all right - worry there is the debt though the business is highly cash generative, we're told,
All-in-all could largely be explained by the plunge on Wall St and in UK growth stocks as a result? |
10% fall on 32% profit rise. Positive write up in the IC @ 190 (now 160) a week ago. Anticipated move from AIM to main board and likely FTSE250 entrant. What am I missing? |
Others, among them Smith & Nephew, Smiths Group, Anglo American and BP, are being encouraged to break themselves up or relist elsewhere. In this environment, the slimmed-down core business would be even more vulnerable to takeover. Several companies have made London their secondary listing. Unilever has chosen Amsterdam as the primary listing venue for its £13bn ice cream spin-off. GlobalData, a company that has gone from strength to strength, has not ruled out going private. Every departure from London reinforces the message to potential newcomers that they shouldn’t list here, which further limits the selection of diverse and interesting growth companies to reinvest in. |
He sold 2 mil on 7th, 2nd rns an amendment. |
CEO just sold 4 million shares, our broker has advised to follow him, so out at 199. Time will tell.
Given that the lucky man still holds 480 Million don't think it means much! |
Didn't realise it would be in 250
Thanks Wad |
So, another company moving from AIM to FTSE ; market liked it. It would comfortably get into the FTSE 250 so presumably tracker funds will have already started buying. |
If Nick Train quotes (proprietary) 'data as the new oil/gold' in reference to Relx, Experian, LSEG, then shouldn't Global Data be exceptionally well-placed. Is the fly in the ointment, the employee benefit trust arrangement, putting people off? |
It's a clear technical breakdown, messy head and shoulders which broke the neckline, broken a long term uptrend & lost 200p support. There is a gaping gap at 160p from last December's news, I expect that will be filled between now and months end.
The trigger for the reversal was the £22.5m director sale on 30/08, think that's the largest I've seen on an AIM share & I can't imagine the buying party is particularly happy right now. |
added costs in the business should the Chancellor increase NI contributions for employers?? also see ELIX and others |
It was a huge sell, but that was 6 weeks ago. AIM IHT rule changing has been a gathering news story for weeks so can't see those are the reason for this weeks sudden drop.
No better ideas though , only "news" I can find is AI generated comment. |
Any ideas for why this is being knocked down today in heavy volume?
Can't see any announcement as yet, is it all IHT change fear or is the Chairman reducing his stake? |
Nothing happening so cash will be used elsewhere. |
New investment for me. Prospects look good for the future. |
3 year high now , quiet BB! |
And yet the price down, was the market expecting more? |
Excellent update |
Some meaty bits reported after close |
Feels like MM are short of stock and will let this run higher when some becomes available |
about to pop? |
*put to bed |
share loan out to bed |
Is there any chance of getting the longer term charts at the top of this thread amended to reflect the share split of earlier this year? |
nice 50k but still doesn't move |
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