Lavendon Share Discussion Threads

[beangrinder] 13/1/2016 14:20

I'm expecting a trading update tomorrow with confirmation that everything is in line with forecasts. The recent share price falls suggests that bad news is expected so we will see what happens in the morning. Long term hold/accumulate for me at these levels.

[sportbilly1976] 13/1/2016 14:14

a keen buyer at 134/135

[sportbilly1976] 13/1/2016 12:56

almost bugle - ideally the solid part could have been longer and more towards the intraday high.

tempted to get back in and watching closely...nice buying volume today

[bugle4] 13/1/2016 12:09

Is that a hammer formation sports?

[sportbilly1976] 13/1/2016 11:48

Updated chart from a week or so back....the intraday spike down yesterday not helping with any technical analysis...but still 'in the box' and possibly using the previous downward resistance now as support?

[dahhad] 12/1/2016 16:44

Dr Smith, I never thought of myself as Warren Buffet but maybe worth a thought!! Does he have a sense of humour I wonder? With Tesco's, I hope so! Onwards and upwards I hope!

[dr_smith] 12/1/2016 16:01

Dahhad, Yes stupid to bet IMV, but if I may change the terminology, we are investing in prospects based on sound business sense rather than chasing the shadows of sentiment. Warren Buffet is an advocate for investing against market trend and I gather he gets by. :-)

[sportbilly1976] 12/1/2016 15:44

dahhad,

the market in general is proving rather irrational and erratic currently to take any position with conviction. Very much a traders/scalpers scene.

[dahhad] 12/1/2016 15:38

its hard/stupid to bet against the market but that is what I have been doing with this share for about 2 years now!! every statement has been positive to varying degrees and yet the share price has just gone down and down! I should probably know better but ....!!

[sportbilly1976] 12/1/2016 15:02

yep...stop at 125

[imranawan] 12/1/2016 14:58

Did you get stopped out on the drop this morning sportbilly1976?

[sportbilly1976] 12/1/2016 14:20

Yep - I'd say the results/update is good and today's spike down was a fishing trip for stock

[zho] 12/1/2016 12:03

The weakness over the last week may mean something, it may mean nothing.

In early December Utilitywise suffered a sickening intra-day spike down to 115p, but then bounced back to 190p.

[davr0s] 12/1/2016 11:33

Nice shake - maybe market expecting good numbers?

[cwa1] 12/1/2016 11:20

Oh well, a small punt at 125p Ho hum.

[dr_smith] 12/1/2016 11:19

There was an article on BBC business live webpage where, IIRC a hedge fund was complaining that the algorithms by nature and volume were causing disparity from reality in the market place, so they were thinking of throwing the towel in (or words to that affect).
Firstly, it amused me, as the pot calling the kettle black and secondly, it confirms what we keep saying for LVD and other co's, where positive news equates to a price drop.
For me, this re-affirms my strategy of ignoring sentiment and investing based on business expectations.
It is nevertheless disconcerting to see a share price drop of 10%, but I will stubbornly only act on specifics rather than a Corporal Jones 'Mr Mainwaring..Don't Panic!!!!'

[meijiman] 12/1/2016 11:13

The way it works now is that the shorting hedge funds dominate trading.Anything oil/oil services-bang on a short. Companies with exposure to oil or oil revenues -let's short.So I believe Lavendon's Middle East exposure has attracted notice.
It's rather sad really.

[adamb1978] 12/1/2016 11:05

Given the 17 Nov statement, the last 6 weeks would have had to be catastrophic for them to have missed their figures. I'm not a chartist but it looks horrible to me - hopefully some rebound before the close

[wilk1] 12/1/2016 10:59

It seems these chart trends don't lie and are hard to break. Need a 130p support close. Can we get it ?

[sportbilly1976] 12/1/2016 10:56

stopped out on that drop....

fingers crossed for remaining holders the drop isn't a prelude to the update and they are in line with their statement from Nov.

[nurdin] 12/1/2016 10:56

Very odd...nothing I can see that would justify this decline

[nurdin] 12/1/2016 10:19

A trading statement was issued on 17 Nov.


Summary

-- Board remains confident of delivering its profit expectations for the year
-- Profitability, margins and return on capital employed (ROCE) continue to improve
-- Good rental revenue growth in Middle East & France
-- Improving rental revenue performance in UK
-- Delivery of previously announced accelerated fleet investment of GBP20m almost complete

[sportbilly1976] 12/1/2016 10:07

A 10% fall in a couple of days seems to indicate the update not to be the best or most positive!

[sportbilly1976] 12/1/2016 07:20

well no 7am news release at least...will have to see how the share price opens.

POO going into the 20's it would seem