London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Dnd I bought £5k of those last week, just trying to get back on the gold bandwagon at a low price. Dunno if the tie up ****** is gonna happen but you never know right? Mark, also had kefi (ave 0.9p) and agree with your comment. I just thought "oh here we go, just another jam tomorrow AIM gravy train", sold them with a small gain and they doubled! Haha. Still think it is a money pit though.
Majority here bets on currently unknown outcomes: a> Claims (JR review, discrimination vs similar card rates, etc. whatever advantage they use there) b> Defaults (unemployment/fall of income) First depends on BoD actions with some ambiguity on a side of opposition, second is beyond our control (except for better client assessment criteria on new loans) IMO - debt can be dealt with (revolving facility, bond maturity), thus manageable (I think it's low risk here). Another unknown variables are RG sale (who actually picks it up) and possible TO play. Finally: new regulations, business model rebuild and lending restart (40%+ of our capital can't be reinvested atm)
I don't think that without some clarity on those outcomes above there can be serious sp move based on sentiment only because there's no rationale behind hope-driven approach, most reliable/sustainable moves happen via fact-driven events.
Hereshopin taking a very long term view I still think saga looks good I know it’s very much out of favour right now but the business is much more than just the travel side. Iag once they have got their fundraiser out of the way also but like I said right here and now not looking a year or 18 months down the road I’m struggling to see much with a potential upside like this.
I had a quick look at French Connection Friday, have no real idea where they stand but I expected a much higher Mcap to the current £7m (or £3m it did drop too weeks ago) one of them ones that wouldn’t surprise me if Mike Ashley picked them up, got to fill up all the department stores he’s still chasing.
If people are looking for something a bit more boring/lower risk I think TW looks attractive, as do the insurers (typically have more fingers in more pies than the banks and recover better/stronger.) Airlines, travel and leisure sectors all looking good value too on a medium term view whatever volatility comes in the short term.
Jeez when you think if we get all this resolved (I know it’s a big if ) the divis would be giving most of us best part of our original investment back each year !!!!
I’m thinking that I may have been wrong putting an arbitrary number on my exit point.
Furlough scheme ends completely in October but there’s that further job retention payment scheme to encourage companies to keep employees untill January I think. There will be a lot of job losses between now and January but I feel there will be a lot more in January once that scheme ends. That will coincide with the brexit deal/no deal fallout and also all the tax deferrals that have been made will become payable in January ..... it’s going to be a tough year next year and I think tougher than 99% of people realise.
So like I say if your gonna be invested .... where better than here? Ok other sub prime lenders maybe but are the better or less risky than this ( I don’t think so) there are the isolvancy practitioners begbies etc but I still see this as the best option right now
Agreed Mark/itsa The outlook is grim. When you think about how bad it is now, before the stimulus wears off, a worsening virus situation and throw in Brexit for good measure, it's enough to give you nightmares. I mean, look at the market. The only things that are giving a return at the moment are bubble stocks and big pharma/tech (and even that will fade when a winner is finally announced on the vaccine front). I think if you can find a good emerging 'green' stock, well managed, funded, innovative in a narrow field, that could be a winner. But like I've said, I will cash some of these in, simply to get some liquidity back as I have missed a few opps the last few weeks, but will be in heavy until where we get long term ie growth, divis etc. But yes, let's get to 20p first!
Personally I have bills this will pay and toys I want to buy (and I see this at higher longer term)
But if I “had” to sell at 20 tomorrow I would strip my investment pot back down to its original value and I’d probably put it in premium Bonds Until Next year I don’t really want to be invested in stocks when the world starts to crumble from stimulus programs ending or losing their effectiveness. But it would still be available for opportunities that pop up, just in smaller investments.
Mark I agree get to 20 most of the risk is significantly reduced. My decision point has always been the quarterlies. Only in this stock now. If I did sell I’d put my cash back into tech funds until something else comes along.
In all seriousness .... (and before the deramping brigade jump all over me) I know this is not guaranteed but if this opened 20p Monday (I know it won’t) but if it did and we all cashed out ...... where would we put our money right now? I suspect a lot of us would still be hanging around here looking or hoping for a lower entry again and with the potential news flow that might not come.
Mick. With Esl I bought in the day it was relisted sold half when we had that first bounce up 130% up but when it dropped down I bought back in but my timing was somewhat off to say the least! So the drop from 11p down to where I sold all but wiped out my profits I think by the time I chucked the towel in I was a few hundred up. I still think that might work out well for holder who got in when it relisted but I kinda screwed myself by tying to be clever.