Mecom Share Discussion Threads

[robinthehood2] 23/6/2014 16:45

This should be much higher after the sale of Limburg. It would make us debt free.

I'm not sure why this is stuck here. It should be at least double the current share price

Hopefully, it will pop soon and double from here quite quickly.

[billyboswell] 13/6/2014 00:41

Slow moving for Mecom... All gone quiet. M E C O M

[bobsfa] 30/5/2014 22:01

Hopefully back up to 1.30 next week...and then beyond.
Good luck all.
B

[butchcasio] 30/5/2014 17:10

Weakness was caused by two large sellers.


I'd say they're clearing now.


good luck all still holding, i'm gutted to be out.

but thats life.

[gfrae] 29/5/2014 12:53

Recent weakness here could be caused by underwriters of JPR rights issue shorting here to hedge themselves? Would also explain recent weakness in TNI.

[bobsfa] 26/5/2014 22:14

Here's hoping the uptrend continues this week.
B

[liam1om] 16/5/2014 20:55

Yep breakdown confirmed here, signs were there the other day that this was about to happen in my opinion.

Hopefully it will bounce back for you guys.

[butchcasio] 16/5/2014 16:21

Sorry guys, just got in to see all my stops got hit.

Annoying, but necessary.


I have no knowledge as to why this dipped today, but happy to exit with very decent profits.

I think we have 2 big sellers and a buyer who is in no rush so is happy to accumulate slowly at lower prices.

fuk knows, but i trade money not opinions, so i'll be watching from the sidelines.

[billyboswell] 16/5/2014 11:59

Big dips across this sector. It will only take one bad news story to drop this share price considerably. Happy to wait it out. AGM soon, hopefully some +ve updates then. Still think this can get to the £2 mark tho

[reynolds9] 16/5/2014 11:45

Drop down to eurozone gdp figures being below expectations, ecb meeting in June, hope they have a plan.

[butchcasio] 13/5/2014 16:26

Isn't it Liam?

i'd say that v shaped intraday bottom is fairly reassuring.

Also this is an ascending triangle formation, the same type that every other breakout has come from.

This move today was just price discovery to free up some shares and i'm sure a few traders puked and handed their lot over.

Just have a sensible stop loss and exit when your plan says so. Tis intraday stuff is no to relevant. IMO, DYOR.

A bear trap, is common in these setups. But yes, a break down is possible. My chart says a close at 118p sets up an inverted head and shoulder which takes us up to 160p...

News of sale is due and update soon. Also there is the investor day soon too.

[liam1om] 13/5/2014 16:11

Looks like this is starting to break down here. Not a great chart, if you use those to trade.

[pork115] 13/5/2014 15:43

whats happened today?

[bobsfa] 11/5/2014 20:01

Any ideas as to if / when we might hear news of the sale?
B

[deltrotter] 07/5/2014 12:01

Traders earning a coin on the low volume IMO.

[scrabble1975] 07/5/2014 11:36

I suspect that a number of sells are in fact buys here today...

[billyboswell] 24/4/2014 21:43

Bit disappointed this hasn't moved up sooner. Ebitda again was very positive and debts could be nil by year end even without disposals. Still a market cap of just £150mill.

[deltrotter] 24/4/2014 16:11

Lol - thanks gfrae

[gfrae] 24/4/2014 15:56

Other way round ,I hope!

[deltrotter] 24/4/2014 15:38

Edited: Cannacord upgrades target to 173p from 158p.

Cheers

Ray

[astonas] 24/4/2014 10:20

Harwoods have been selling out, hopefully not to many left now!

Mb.

[deltrotter] 24/4/2014 10:13

Numis upgrades target to 170p from 155p.

Cheers

Ray

[spooky] 24/4/2014 08:30

It looks as though earnings will be 7-10% above expectations, trading at something like 3 times EBITDA (after adjusting for the debt), the shares will look really cheap if the underlying improvements in trading continue through the year.

[daz] 24/4/2014 08:25

'... with a consequent improvement in earnings per share relative to current market expectations'

Supports the price with the possibility of further improvement to come.