Friday 20 July 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
I called investors who bought shares in recruitment company PageGroup (PAGE) 'bonkers' back in January ...but despite my excitable language, the shares are a little bit higher than that level currently despite shedding a percent or so today following a latest update.
Back in January I said that you were a bonkers bull if you bought shares in the recruitment company PageGroup (PAGE) and over the last four months the share price has struggled to crack on from the excitable 540p+ level it reached in mid-January. I still think this is the case...but today's trading update is notable for another trend: everywhere bar the UK is still growing for the group.
One of the hardest things for less experienced stock market participants to get their heads around is the expectations game. Numbers can be good (or bad) but if the teenage scribbler analyst, ‘professional’ fund managers and ‘the great unwashed’ in the form of other market participants broadly already think something, then confirmation of this event is not going to really change the share price needle. Of course as a consequence companies then start to try to become clever in managing expectations in order to 'beat' anticipated numbers...but that's for another time.
Hello Share Spooners. I’ve long held that recruitment agencies are a decent bet in these turbulent times. The reason is that unemployment seems to be on the back foot in various parts of the globe, including here in Blighty.
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