Help - Search - Members - Calendar
Full Version: A & L Briefly Suspended, Tanking.
House Price Crash forum > Investment > Investment in general
Realistbear
ALL & LEICS (LSE:AL.L)

Last Trade: 670.50 p
Trade Time: 12:46PM
Change: 19.50 (2.83%)
Prev Close: 690.00
Open: 700.50
Bid: 670.00
Ask: 670.50
1y Target Est: 831.36p


Nowt too dramatic yet. They could follow NR down as soon as market momentum to the downside builds and repos start climbing into 3 figures.
Red Kharma
QUOTE (Realistbear @ Nov 14 2007, 01:02 PM) *
ALL & LEICS (LSE:AL.L)

Last Trade: 670.50 p
Trade Time: 12:46PM
Change: 19.50 (2.83%)
Prev Close: 690.00
Open: 700.50
Bid: 670.00
Ask: 670.50
1y Target Est: 831.36p


Nowt too dramatic yet. They could follow NR down as soon as market momentum to the downside builds and repos start climbing into 3 figures.


Day's low was 634p - 12% off 720p intraday high - before a rapid rebound.
dog
I imagine a certain A&L director by the name of Stuart Dawkins is staying close to the screen today. Last week he exercised some options at £6.32p.
Wait & See
A&L are feeling the pinch. They are looking very shakey these days.

No money behind the green door I guess. laugh.gif
headmelter
Having a few quid in ISAs with A&L anyone think it's time to transfer or are we safe for a while yet?
A.steve
http://blogs.guardian.co.uk/markets/2007/1...r_is_under.html

I wonder if this "share buy back" strategy is the mechanism by which banks are buoying up their share prices?

ph34r.gif

Aren't such transactions usually widely reported? What if a cartel of banks were to start buying each-others' stock? Would it be fraudulent to disguise this?
A.steve
http://www.hemscott.com/news/latest-news/i...=53878217397973

QUOTE
Alliance & Leicester said it knows no reason why its shares fell more than 6 pct in midday trade, and said it is still successfully raising funds when needed and is continuing to buy back its own shares.


Might it be that people wanted to dump A&L shares faster than A&L could buy them up in order to present an artificially high share price?
Blue Peter
QUOTE (A.steve @ Nov 14 2007, 02:10 PM) *
I wonder if this "share buy back" strategy is the mechanism by which banks are buoying up their share prices?



What is the meaning / implication / point of a share buy-back?


Peter.
A.steve
QUOTE (Blue Peter @ Nov 14 2007, 03:08 PM) *
What is the meaning / implication / point of a share buy-back?


http://www.iii.co.uk/articles/articledispl...on=ShareDealing

QUOTE
...the motivation behind a buy-back is critical, and they tend to be polarised between those that genuinely reflect a company's good health and those that are cynical moves to artificially support the shares of struggling companies.

Even the most generous buy-back programme is not worth the candle if it is designed to draw attention away from situations such as stagnant financial results, a difficult business restructuring, aborted acquisitions or a decline in the profitability of key markets.


The Colour
QUOTE (dog @ Nov 14 2007, 01:23 PM) *
I imagine a certain A&L director by the name of Stuart Dawkins is staying close to the screen toilet today.

detached
According to share transaction figures on their corporate website, they've bought over 10 million of their own shares since 1st August. That's 2.5% of the issued stock in less than 4 months.

Where do they get the money to spend on a falling stock? The Bank of England ... ph34r.gif
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.