Interesting Developments with S32 cutting a true 52 week high. Up over 100% & counting

3rd Oct '16 by lightningtiger

1 comment 4620 reads

Schroders & Black Rok have bought into S32 late September. The loss in net profits from previous years is estimated to go into significant estimated profits in 2017.From - $1,615M to +$451.2M.
20th October is a quarterly report followed by a shareholders meeting on 24th November, but the most interesting could be on the 23rd Feb 2017 when estimates of earnings will be released together with interim for 2017.
The 50 day MA is + 21.4% and the 200 day MA is + 71.7%.
Ranking at just 65 but Momentum 95, S32 is taking off, with 2.5M shares traded today.

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About the Author

Lightningtiger

Premium Member

700 club gold member. Anniversary yesterday 1/10/2013. Recently returned from New York with a wish to see Wall Street for myself as a bit of a satisfying accomplishment. I first got interested in investments when I was a financial advisor for 14 years. I learned a lot & went to quite a few investment seminars. The one I remember particularly was with Fidelity. They visited the companies that they invested in and held them for a long duration in their portfolios. The other thing was with different currencies that they could buy a particular stock with and of course sell it if it was favourable with another currency. This was potentially more risky of course. It was not long before I realised that all the money from the insurance premiums had to be invested and who was doing it. We used to sell investment bonds where 5% was allowed to be taken tax free once a year on the anniversary of the policy which could run for 20 years.There was a choice of Managed, Property, or Equity to invest into. It was at this point of time that the Property fund went up 40% in less than a year. A simple comparison with the Managed and Equity funds showed the difference. I was soon taking a keen interest in unit trusts and shares, looking for things that were going up and the highest that they had been and bought them. I bought a software package with Up-data which enabled me to be much more efficient, putting stop losses in. Drummed into my head was cut your losses and sell when a stock breached the stop loss and let the profits run. Another stepping stone was to buy myself a Rolls Royce silver shadow that was chestnut brown in colour. The reasons were threefold. 1. That I could afford it. 2. The two managers for the insurance company that I was working for were called Douglas & Rolls. 3. I was still single. As well as doing the insurance business I joined an investment club in Basingstoke and became their chairman. We closed it this year sadly because of ill health with some of the members. Now I have a portfolio that I am able to take out (if & when I want to some cash) just like the insurance bonds but much more flexible. I enjoy the technology stocks and have taken profits several times from Arm Holdings which is the only share that I have held for many years now. Having just got this Stockopedia yesterday (first saw it at an investment seminar in London earlier this year) when I noticed Dart Group (DTG) so that is now in my portfolio too. I suppose you could say I am an analyst & a chartist. It was good to see my portfolio already has Globo, , Blinks, Clingen ,Dart, Wanddisco, opay,Easyjet ,LLoyds Arm Telicom Plus(which has doubled and a bit more but then started to drop so I have just sold almost half and re invested the proceeds into ASOS.) In conclusion I hold about 20 shares, and have just INCREASED my holdings in Globo about two weeks ago, and noticed someone has reduced their holding with Globo to 3%.I hope they are not still holding the poor pawnbroker shares (guess who) -40% in one day followed by further catastrophic drop. A good case for a stoploss . Join the 700 club and put some money to work I say. more »

1 comment

lightningtiger

24th Nov '16

Interesting further developments with Peter Kukielski a non Executive Director purchasing a substantial number of shares in the company.The estimated net profit for 2017 has also shot up from $451M to $774M..
The Stock Rank is at 63 with the momentum climbing to 99, with all green lights showing in the momentum boxes giving an excellent equity curve.In addition to that the broker trend has increased to a strong buy too.
Have increased holdings in this company a few weeks ago. The 50 day MA is also holding up well.

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Interesting Developments with S32 cutting a true 52 week high. Up over 100% & counting

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Lightningtiger

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