The whole Stockwatch RNS is worth reading, but herebelow an extract ....

Altium Securities to repeat its 'buy' stance and 880 pence target price ...... Altium called the performance 'impressive', adding that whilst it would expect the current strength in like-for-like sales to moderate as the year progresses, it still believes there is potential for its revised 8 pct forecast (previously 6 pct) to be exceeded ..... If that proves to be the case, there is a likelihood of a further upgrade later in the year, said Altium.

Currently bid 775p, Offer 780p.
Seen a broker target on DL site of 875p. Probably a bit optomistic, but I'm not complaining.

DOM has now had its share split which makes an absolute nonsense of any charts, so stumbling the dark for a few days or until the charts sort themselves out, if they ever do.

haven't got a calculator to hand, but 3500 shares becomes 11200, so must be something like 7:2

as i am always open about these things, have cashed in my profit @ 245 ...... have not worked out what that equated to in "old money", but certainly in excess of 770 ...... 784 it would seem, so having bought at 652 about 20/3, both the bank manager and myself are feeling pretty pleased.

will now sit and watch with a view to almost certainly buying back in in due course.

The theory is that the shares should now be more attractive to private investors, so more interest = increase in sp, hopefully. Think I will still hold for a while.
Are you expecting a sharp drop, cynic?

hi harry .... first of all, remember that i am at heart a trader ..... as i mentioned earlier, the charts are now meaningless, which is a pain! ...... anyway, as at close last night, rsi was quite heavilt overbought, and will now be more so - i.e. sp at close was 770 and at 245 = 784 ..... the shares have had a very strong and heady run and imo, it is almost inevitable that they will consolidate and/or retrace and/or stagnate for a while ..... i would hazard a guess that 1.80 equivalent retracement back to 25 dma (was about 660) would not be at all surprising ..... however, in the light of yesterday's terrific results, perhaps only back to say the equivalent of 708 which was the previous all time high.

Of course I remember your investment strategy. I do both; hold some, actively trade others, but DOM was getting a little bit expensive to regularly trade as the swings were not really big enough to be of interest to me. Maybe now I should review that. If the sp is now more attractive, maybe the volumes will pick up.
However, even a medium term hold, with another 39 shops to come on stream this year, should see a good return with capital growth & divi.

you are almost certainly right, though i see no hurry to buy today ..... will obviously keep on my (close) watchlist, but shall prob reinvest funds sooner in RTN

Turned out to be a 1 for 3.2 share re-issue (so for every 1 held, 3.2 will be issued as replacments).

The share split seems to have encouraged buyers in this stock.
Five brokers (out of 7) have this as a strong buy, but I haven't yet been able to find a target price. Can anyone help with this?

i think it's a great stock in a good sector, though i recently switched back to RTN .... unfortunately the share split has totally screwed the charts so it is almost impossible to work out where anything stands

If you look on Selftrade website & put in the ticker DOM in the quote box & then click on the chart logo, the Selftrade chart for DOM has been completely re-drawn. There is no sudden drop from 725 to 255p. Very useful.

Harry .... can you cut and paste here please

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This one seems to have been re-configured. Looks a bit toppy mind.

pth

Edit: Dunno what the red cross and the text " alt="" /> is all about though?

Guys,

I will get James to sort out the DOM chart with regard to the recent Share split. Apologies for the inconvenience,

Ian

Thanks IanT.
That will be a safer option than seeing me try to copy from another web page!

red cross + text "alt=" must be a sign that someone needs the Knights Hospitaller or some alternative medicine.

thanks Ian .... it would be much appreciated.

if i have worked this out correctly, 280 today is the equivalent of 896 in "old money" = 1.00 above the price i was more than happy to sell at in late April!

DOM chart should now be corrected,

Ian

Thanks. Hopefully Cynic will oblige with the new chart here! :o)

here you are .... what a stunner! ...... only show 25+50 dma as 200 dma left miles behind ...... impetus says buy even now; rsi is heavily o'bought and sp looks as if it should take a breather ..... make up your mind