Shorts have increased and until we see some results, that won't change, exposure to loyds bank and tesco dosnt help the situation, I have to agree with Morningstars latest update, there top 10 stocks in the global fund haven't really changed in the first half of 2016 and besides Apple, there is a marjority of defensive stocks in that top 10, which I can't see unexpected growth that isn't priced in already. However at 22$ it is a pretty good div yield if they are to maintain revenue and payout ratio.
Big picture thoughts now and people generally think that they can now get there fum to over $100b now, up from 80. They have increased staff numbers and though innovative ideas like ETFs. They have potential to become a world player in that mid tier area.
Let's just wait for results and I believe it will dictate the movement of sp, as it has done in the past. Companies that move up slowly with dips generally perform well over a long time.
MFG Price at posting:
$22.20 Sentiment: Buy Disclosure: Held
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