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7 to 9 imho...ziggy
51 million quarantined in China due to COVID-19 spike..luckin.. should bottom out within 2 weeks as herd immunity takes over...I. guessing about $5 for reentry point...ziggy
Markets..getting crushed today...Russian + Chinese support not helping Luckin today...reentry point coming soon! Cheers ziggy
All oil energy sector getting crushed today....my favorite for day trading...kos....down 10%.
Cheers...ziggy
No...hanging in ...I feel this is manipulation after dividend declaration... company has great fundamentals and usa...oil supply is still jeopardy with biden in charge....ziggy
Drop does not fit narrative??? Ziggy
Luckin Coffee Nears Major Milestone with Imminent Emergence From Bankruptcy
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by The Bamboo Works, Contributor
March 9, 2022 10:35 AM | 5 min read
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Key Takeaways:
Luckin Coffee said the liquidators handling its U.S. bankruptcy have formally filed to close the case after a recent settlement with holders of $460 million of its convertible notes
Development could pave the way for company to relist on the Nasdaq, though the U.S. securities regulator could face pressure to veto such a move
By Doug Young
This is one liquid that China’s largest coffee purveyor won’t miss.
That’s the sentiment coming from Luckin Coffee Inc. (OTC:LKNCY), which has announced it is on the cusp of emerging from a prolonged bankruptcy liquidation following a year-long reorganization to put it back on solid financial footing. This particular development isn’t all that earth-shattering, as the company has been keeping everyone updated quite regularly on its efforts to return to financial health.
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Many believe the company’s ultimate goal is a return to the Nasdaq’s main board, where Luckin was briefly a favorite after it sold investors on its story of being a high-tech coffee purveyor that could challenge Starbucks (NASDAQ:SBUX) in the U.S. coffee giant’s second-largest market. But such a return could be difficult due to Luckin’s checkered history that got it kicked off the Nasdaq in June 2020, several months after it admitted to massive accounting fraud. But more on that later.
First, we’ll take a look at the latest announcement saying a Cayman Islands court has formally ordered an end to an ongoing liquidation of the company. In this case “liquidation” is probably a bit misleading, as it appears that true liquidation was never the actual goal and instead the company was working on an agreement to restructure the terms of $460 million worth of convertible bonds it previously issued.
It announced a completion of that restructuring in late January, and this latest announcement notes the Cayman Islands court officially accepted the deal on Feb. 25. Luckin added a court overseeing the bankruptcy in the U.S. also recognized the deal, and last Saturday the liquidators handling that matter filed a formal provision to officially close the case.
There’s no word if the U.S. court has officially accepted the request, but such a move seems almost guaranteed in light of its previous recognition of the settlement and the Cayman Islands cessation of the liquidation. In December 2020, the company also reached a separate settlement with the U.S. securities regulator that included its payment of a $180 million fine related to the fraud.
After all of those settlements and restructuring, the company is looking surprisingly strong with about 5 billion yuan ($792 million) in cash and cash equivalents in its coffers at the end of last September, according to its latest financial report for last year’s third quarter.
“The successful completion of the provisional liquidation is yet another positive step for Luckin Coffee, and has allowed us to significantly reduce our debt burden and improve the company’s capital structure,” said Chairman and CEO Guo Jinyi. “Operating from a position of financial strength, we are focused on executing our growth strategy and continuing to deliver industry-leading services and products to our customers and long-term value for our shareholders
Out of 13 analysts, 4 (30.77%) are recommending DVN as a Strong Buy, 4 (30.77%) are recommending DVN as a Buy, 5 (38.46%) are recommending DVN as a Hold, 0 (0%) are recommending DVN as a Sell, and 0 (0%) are recommending DVN as a Strong Sell
Plus $1 dividend if purchased today...ziggy
Last day to purchase Devon stock and lock in Dividends!!!
Ziggy
NYSE: DVN) announced today its board of directors declared a record high fixed-plus-variable dividend of $1.00 per share based on the fourth-quarter financial performance. The dividend is payable on Mar. 31, 2022 to shareholders of record at the close of business on Mar. 14, 2022.
Devon Energy
Ziggy
Devon Energy: Strongest S&P 500 Stock Now
Mar. 10, 2022 7:40 PMDVN
Summary
100% technical buy signals.
9 new highs and up 13.09% in the last month.
147.34% gain in the last year.
Consensus price target $60.40 with a high target of $78.00.
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Thinkhubstudio/iStock via Getty Images
The Chart of the Day belongs to the oil & gas exploration company Devon Energy (NYSE:DVN). I found the stock by sorting the S&P 500 Index stocks by the highest Weighted Alpha then used the Flipchart function to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 1/3 the stock gained 29.34%.
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DVN Price vs Daily Moving Averages
Devon Energy Corp., an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
100% technical buy signals
161.80+ Weighted Alpha
147.34% gain in the last year
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 13.09% in the last month
Relative Strength Index 63.96%
Technical support level at 56.75
Recently traded at $58.99 with a 50-day moving average of $51.82
Devon stock rating.
Fundamental Factors:
Market Cap $39.51 billion
P/E 17.01
Dividend yield .73%
Revenue expected to grow 18.50% this year
Earnings estimated to increase 72.80% this year and continue to compound at an annual rate of 10.72% for the next 5 years
Analysts and Investor sentiment - I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
Wall Street analysts issued 18 strong buy, 6 buy, 7 hold and 1 under perform recommendations on the stock
Consensus price target at 85.18 with a high target of 78.00
The individual investors following the stock on Motley Fool voted 2,004 to 70 for the stock to beat the market with the more experienced investors voting 235 to 10 for the same result.
Ziggy
NYSE: DVN) announced today its board of directors declared a record high fixed-plus-variable dividend of $1.00 per share based on the fourth-quarter financial performance. The dividend is payable on Mar. 31, 2022 to shareholders of record at the close of business on Mar. 14, 2022.
Devon Energy
Ziggy
$6 has been broken...next leg is $7..if Russian oil is not sold to usa!!!
Ziggy
$1 qrtly dividend coming soon...last day for ex dividend date is 3/11/22....payable end of March 2022....not bas for quick cash!!!
Ziggy
I'm surprised more ihubbers are not reading this board...it has been is profits for 2 years!!!
If war drags on till April..kos will hit new high of $7 ..by end of month...every prediction of mine has been consistent and valid over last 2 years...I have bought and sold kos over 15 times in last 2yrs with good results..last purchase was at $4.20 a couple of weeks ago.
Good luck to all...ziggy.
$6 on the way!!!!
Someone or group is pumping up the share price to entice newbies to take a position in the short-term. I see no current changes in financial position to account for bump...back to sub penny in 2 weeks...imho...caveat emptor...ziggy
As predicted kos now at $5!!!
The trend is your friend...nio to hit $30 by end of march...ziggy
https://cnevpost.com/2022/03/01/nio-delivers-6131-vehicles-in-feb-up-9-9-year-on-year/amp/
Revised....subpenny will occur by April 1st..not June 1st....bleed...bleed...bleed.
Caveat emptor....ziggy
You mean 5 to $6 price...yes?
With war in Europe..kos will hit $5+ due to oil restrictions within 1 week! All major stocks were crushed today except big oil.
Imho...ziggy
Time to buy kos...shooting back to 5 by eom...jmho...ziggy
.05 has been breached...next step down by end of month will be .025.....sub penny by June 1st...save this date.
Caveat emptor.......ziggy
Nice volume...nio should run soon!!!!
Ziggy
Did I say...4...I meant $5.00!!!
Ziggy
Holding firm as to my prediction of $.05 by end of month...see previous email...ziggy
You sound surprised???? Cmgr has been bleeding stock since last March...I read on ihub financials...the have 1 employee and several officers.... huge read flag!!!
Caveat emptor..cheers...ziggy
Something strange at valn... positive pr on companies COVID-19 vaccine..yet share price is driven down 20% as of this morning...
Can someone share some Intel on this...are the HFs shorting valn in control for now???
I expect $.05 by end of month...most recent Financials (2020) show disturbing trend as per tradingview.com....
Financing cash flow...thru stock dilution...up to $2.6m...
Income statement... -$3m
Balance sheet (debt to asset ratio)...now up to $15m
They are bleeding cash and staying afloat by stock dilution....imho.
Caveat emptor....cheers..ziggy
Charts are good for history and trend lines...I primarily focus in common sense, facts vs. Fluff, and creditable finance numbers.
Imho...there way to much fluff in cmgr messaging (company and ihub membors)and not enough substance...
As the Wendy's old lady would say.. "Where's the beef!!!"
Cheers...ziggy
congrats ..on 2263....ziggy
Expect to see 50% drop to $.05 in the coming weeks unless big changes in mission statement, cost containment , revenue growth, and audience are achieved by cmgr...imho.
Caveat Emptor...cheers..ziggy
Anticipating a bounce of 20%+ over the next 30 days...to offset one time hit from a couple of days ago!
If day trader fine.....what do you say to all the peeps that invested at $5...$4...$3...$2...$1...$.80....$.50....$.25.... thanks for the memories????
Caveat Emptor.....cheers...ziggy
And a broken clock is right twice a day...please show us where cmgr has shown any growth over the last 9 months....all I see is a systematic bleed from $26 ( due to a cross reference by Elon Musk about similar stock)back in March to current $.10...show me revenue growth...cost containment, new famous clientele....all I see is fluff..fluff...fluff imho.
Caveat emptor... cheers....ziggy
Agreed....money from dilution going into fluff pieces to generate new peeps....I'm seeing
new pumpers...same old message...." this stock about to take off...don't miss buying at these low prices, breakout coming soon, new famous clients on the horizon!!"...same old bs!!!
Caveat emptor.... cheers...ziggy
To get a perspective...read my last 20 posts over the last 6 months...no strategy, no growth, high expenses, low revenue, and lots and lots of misinformation and pumpers....slow bleed to subpenny by summer..imho.....ziggy.
What's causing the 16% drop at 10am Tuesday morning?
Sub penny coming soon!!!!
I agree... but I think wkhs is manipulated like. a?c and gamestop ...cheers.
Ziggy