I think the Aston Martin share price could have a lot further to go
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Aston Martin Lagonda Holdings(LSE: AML) share price was falling
“faster than a Bond villain out of a helicopter”. The company’s £4.33bn market-cap at flotation had shrunk to £542m in just 18 months, a drop of almost 90%. My conclusion?
“It would need a 007 scriptwriter to get the company out of today’s tight spot.”
How funny I thought I was then. But I’m not laughing now. The Aston Martin share price has since rebounded 95%. With one bound, the James Bond car maker was free! If anybody needs a better scriptwriter, it’s me.
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2 FTSE 100 investments for a Stocks and Shares ISA
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The
FTSE 100 has recently reached a post-pandemic high. However, despite this performance, I think it can head even higher. This is because many businesses in the lead index continue to look cheap compared to their potential.
With that in mind, here are two index champions I’d buy for my Stocks and Shares ISA today to capitalise on this trend.
US$12.3 TRILLION out of thin air…
And if you click here we’ll show you something that could be key to unlocking 5G’s full potential.
FTSE 100 investments
I believe this mining conglomerate is perfectly positioned to ride the global economic recovery over the next few years. According to the company’s latest trading update, production from its copper and iron ore mines increased 9% and 1% respectively for the third quarter of its financial year.
Why is the St Modwen Properties share price up 20% today?
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The
St Modwen Properties(LSE:SMP) share price is up nearly 20% today. The reason is undoubtedly the news of
Blackstone, a private equity firm, making a £1.2bn takeover offer for it. The offer is a cash one and would work out at 542p per share. That would be a 21% premium to St Modwen’s closing share price of 448p on 6 May 2021.
St Modwen shareholders certainly seem to favour the offer as they have bid up the share price to 533p today. That suggests that if this went to a vote, they would approve. Any shareholders that bought St Modwen in the depths of the market crash will be looking at around a 55% one-year gain if the takeover offer is approved. It’s also worth noting that today’s price rise has returned the St Mowden share price to its pre-crash highs.
As the FTSE 100 stays above 7,000, Aviva and Pearson shares rise
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The
FTSE 100 has managed to stay above 7,000 index points for three days running. Various factors have been contributing to the positive sentiment. Major mining stocks boosted share prices on Wednesday, followed by tobacco stocks on Thursday. Today it appears to be The Bank of England’s improved growth forecasts bolstering the FTSE 100, with
Rolls-Royce
Tech stock Pearson rises
Yesterday, educational publisher Pearson was top of the FTSE 100 risers, up over 3%. This turned out to be in response to institutional research company Exane BNP Paribas upgrading its guidance on the stock. Pearson provides educational products and services to governments, educational institutions, corporations, and professional bodies globally. And Exane believes Pearson will successfully scale its direct-to-consumer educational tech revenues.