Mony Share Discussion Threads

[funkmasterp12] 24/9/2013 12:30

I just don't understand this drop. Every time I think "this is a good level to get back in" it drops another 1-2% !

I don't buy that it's people shorting this to be honest (AT trades could be anything and have been active in this stock for months). Henderson have a disclosed short position of 0.5% but this hasn't been amended since May. I think there's a general re-rating of the stock and people are not willing to pay the same multiple based on the results, which although is understandable as it was highly beta'ed, I still think is short-sighted.

The company will need to produce a pretty stellar update to get this going again as clearly PI sentiment is very against it. Still scratching my head as to how it's gotten this low on no news though.

[fugwit] 24/9/2013 12:24

Isis, and what would have identified Mony as a stock to short for them?

[billy_liar] 24/9/2013 12:03

Some interesting trades being worked through. However at some point the handbrake will come off I'm sure.

[isis] 24/9/2013 12:02

They are just shorting to make a profit.

[fugwit] 24/9/2013 11:54

Isis, what thesis do you think the hedgies are working towards here? Valuation? Something else?

[isis] 24/9/2013 11:40

When you have hedgies shorting the charts are useless.

They have a lot of ammunition and buyers just make them dig in more.

They're like a bad rash but they will go eventually! ;-))

[fugwit] 24/9/2013 11:25

Surprising to see we didn't even stop for breath going through the weekly 100sma, I had thought we might at lease get a days bounce out of it but it wasn't to be. Bit of a shame but there you go. The rising channel support that has been mentioned before is getting close now around ten pence lower than the current 143.
I am now wondering if this will hold or whether we might find ourselves going lower toward 115/120p where both the Monthly 50sma and the Weekly 200 currently reside. Either way we are heading in the right direction for those who like buying cheap stock.

With hindsight it looks like there was some rather astute selling by Co.Sec, CFO, and of course Nixon over the last few months. SN sold 100,000,000 shares in June which are now sloshing around having previously been tightly held.

[billy_liar] 24/9/2013 09:30

Just added a few at what I consider a bargain price.

Good TV advertising campaign showing they are the best comparison site should help too.

I'm feeling so Moneysupermarket.com

:-P

[isis] 23/9/2013 17:15

Just look at the trades - there is one for 6 shares! lol

[isis] 23/9/2013 17:12

Well they had Lloyds down to 22p and look how that has rebounded.

I'm afraid Hedge Funds and Shorting is a very big part of the markets these days.

There really was nothing to be scared of in the last figures so I will stick with my holding.

I am fed up with these people manipulating the markets but everyone wants their pound of flesh.

[salpara111] 23/9/2013 17:10

Looks like it is going to test the 140 line, making my entry at 179 seem somewhat foolish.
If we do retrace to 140 I will add a large long spread bet to my physical position as it looks well oversold now.

[isis] 23/9/2013 15:28

well they are knocking this for six! But so did they with Lloyds and many others but they all came bounding back!

I may average some.

[isis] 23/9/2013 13:30

It's shorters that's why.

[salpara111] 23/9/2013 13:27

I always struggle to understand how sentiment can change so dramatically without so much as a profits warning.
SP now down about 30% from recent highs which would suggest a business in trouble and I fail to see that.
If I thought they were in trouble I would accept my mistake and sell up for a loss but I can't bring myself to sell given the last results.

[grahamg8] 22/9/2013 09:37

EDIT :web amended: uk.finance.yahoo.com is showing the concensus of 11 brokers as 10.0 to 11.5 pps earnings for the current year and 10.7 to 13.2pps for 2014. At 150p share price that is a P/E of 14x falling to 12.5x, and a yield of 3.81%.

[grahamg8] 21/9/2013 13:01

Pleased to see that everyone else is mystified by the current share price weakness. I thought the half year figures looked prety good. It's been pretty much downhill all the way since. Topped up at 150p. At this price it looks like a growth stock and an income stock all rolled into one. Quite a gem when the rest of the market is bouncing off the year/all time highs.

[isis] 20/9/2013 15:00

My theory is some Hedgies have borrowed some stock after Nixon's sales and are giving it some.

The AT's started a few days after he sold and have continued daily.

PIA if you ask me. Director did buy £20k shortly after the sales and they were Nixon's shares were placed quickly @200p

Of course there is always a '?' mark.

They often play it both ways - just look what happened to Ocado which now looks way overvalued having gone down to 60p and almost pronounced bust.

[salpara111] 20/9/2013 14:55

Don't forget today is Quadruple Witching so lots of positions will be closed out.

[isis] 20/9/2013 14:38

I had a similar thing with Premier Foods. Everyday hundreds of AT trades often for only a few shares. Then they went the other way with no real news and went up 150% - I've seen it with plenty of stocks - even Lloyds.

These AT trades are murky and mess up the markets.

[funkmasterp12] 20/9/2013 14:35

Salpara111 - true, although I thought that at the 160p support level also to be honest and it has dropped through since. This is more of a 'buy on the news' for me now, but I'm definitely ready to re-invest if the news is positive.

[prokartace] 20/9/2013 14:16

salapara. I am talking about the on-going yield. 5% is very high in this market

[salpara111] 20/9/2013 14:12

Funkmaster, ironically now is probably a good point for taking a long spread bet as I guess the maximum downside from here is about 10p.
I took a physical position at 179 and am actually looking to open a long spread for £15pp

[isis] 20/9/2013 14:05

Without an update we don't know, but traffic seems to be OK to the site.

The amount of AT trades suggests to me they are being manipulated although our friend prokartace doesn't seem to agree. :-))

[funkmasterp12] 20/9/2013 13:33

Got stopped out on my top-up buy post-results a couple of weeks ago, really struggling to see the sense in this decline but something clearly is afoot here. At least the valuation of the company/PE is perhaps a little more sensible. I'm ready and willing to dive in on the next update if it's positive as this will recover fast if the news is good IMO.

However if an insti is dumping, which looks probable, questions have to be answered by the management as to what is going on.

I blame the cats in the advert! =)