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What does anyone think of buying or selling anlgo
their website needs an update - don't see anything that would excite me
for the new year. -
Buying maybe for the short term, and selling is certainly worth considering. Looking at the history, prices should drop in a few months time and will struggle to rise in the economy again. I agree with you on the website - nothing to get excited about at all.
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- CommentAuthorbigspender
- CommentTimeJan 9th 2007 edited
The share price high was 15.71 last year, although the low was 8.8 two months previous. It's now 15.77. The stability of anglo leaves a lot to be desired but they don't appear to be too volatile at the moment. Looking at it though, the only way is down so I'd sell rather than buy right now. -
I'll be ringing fexco in the the morning, is it better to hold the cash or reinvest.
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- CommentAuthorbigspender
- CommentTimeJan 9th 2007
The ISEQ seems to be stable for now, well today anyway, so that decision would have to come down to you, but reinvesting is an option to consider, especially in lower share prices that have begun to rise recently.
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I would personally reinvest. Looking at the ISEQ 20 today, there are various companies that are thriving. The New Year has done little to dampen spirits and lower prices... yet. December was a good month for stock and January is shaping up the same way. Listen for tips and look for stock that is quite low but rising steadily because some of them will soar before crashing. Look at Anglo last year - a poor first half followed by a steep increase that has oscilated but maintained the 15+ price.
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- CommentAuthorbigspender
- CommentTimeJan 10th 2007 edited
Hmmm, at close of trading today they were 15.61, slightly down on yesterday but not the worst hit after today's drop. The majority of shares fell, but most more steeply than Anglo. If you offloaded yours then you may have done so just in time, but I still maintained that shares with lower prices and rising steadily will do better than Anglo over the year. -
Maybe I spoke a bit too soon then, but as I said some companies are thriving. Anglo are on their way down so take a look at today's performers if you want to reinvest. Any company that did well today are looking good for this month.
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- CommentAuthorpintofplain
- CommentTimeJan 10th 2007 edited
I believe that AIB is a likely takeover target within the next couple of years, although I wouldn't be surprised to see it this year. If that is the case then shares are likely to drop before they rise. If you can hold your nerve then buy or retain your shares because they would rise again if a takeover did occur, but if you don't want to take the gamble then sell. I wasn't sure about Aer Lingus because I couldn't see any hope of resolution, but I am going to hold on to my Anglo shares and see what happens.
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Anglo shares hit 15.83 today, although they opened at 15.60 this morning. It's only an increase of 1.47% but they still oscilate around the same value. I wouldn't buy because the only way appears to be down. It hasn't gone below 15.20 in a month. But I would seriously consider selling if the stock rises again tomorrow.
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Stay with Anglo!
- Proven track record.
- Strong Management team.
- Historical record of continuous double digit return for shareholders.
If you want to trade use the low points to top up on you shareholding. Normal flucations are indeed an excellent opportunity to acquire stock if the fundamentals remain the same.
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I acknowledge the fact that Anglo has a proven track record and historical double digit return for shareholders, but I still would not buy. IF the funadamentals remain the same - come the end of the year I don't believe they will be. I think this year will see a transition for Anglo and many other companies. If recent activity is anything to go by, the fundamentals will change.
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