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Hmm nice backtracking i had my account revoked i think because of bad languarge i admit i said cpi had a real cjance of going bust the plan wasnt working hence the reports you saw in the media. I appreciate you have gone on what cpi have said and maube i have been a bit to hard but they wont hit there targets ive said it before and I'l say it agajn. If there was fresh cash flow and divs as you have stated then yes the price woulf be nesr a quid but they wont hit thoss targets. I dont thibk you are aware how much bother they were in shop has been steadied somewhat but its still a dinosuar of a company that hopefully people trade it like you knownothing and even better open a short when this gets to 45p
Agreed that was what I expected earlier last year - what I said above was "80p by March was my prediction since last summer when we had the update"
We cant see all your comments of - "this will go bust" "20p to PE" etc because you were deleted - or you deleted yourself so that we couldnt show you up for the clown you are
As I said to you last August - I do think you know the business very well - I think you understand the finances etc but you deliberately post misleading or part truths (like the debt) but quote IFRS Debt as being cash borrowings (which you know they arent but many PIs wont understand)
You shorted it and made money and good on you. Hope you then bought before results and made money again - what you cant sensibly comment on is why is a company has free cashflow (say 300M) and pays out 100M in Dividends (6-7p) why the SP wont rerate to a quid (or more).
I also said the IIs would need a quid min to sell out - I still believe that - are you still saying this is going bust or be lucky to get 20p on a buyout?
Cos if you are, Im happy to bet a lot of money (which I am) that this gets to a quid and wont go bust!
GL and keep making money
Ill copy and past the omortant bit again:
If PE wanted a bargain, they maybe able get this for circa 80p IMO - that would be a shame for us LTH as I keep saying this will be 1.00 to 1.20 by end of year / early 2022
1 pound to 1.20 end of the year to raly 2022 and as you put you keep saying that your words buddy. So your a oriven liar now as well as a ramper
Knownothing you utter moron you do no people can read pld posts dont u?
RE: Times article Profits 65.2M16 Jun 2021 12:53
look at my posts from 18/19 March - I show the reconciliation there from the 116.5M PROFIT made from trading and then deduct the one off costs to close offices etc to reconcile to the retained 49M loss
I also show the whole workings of 2021 projected Profit of 200-225m
ANYONE that can read financial statements or who is involved in M&A activities at long as me understands the differnece
As I said back then - I cant help you anymore if you dont understand the difference - same as those thinking debt is higher than it is because of the adoption of IFRS accounting fro 2019
Look at post history from then and learn
Passwind bangs on about loss making legacy contracts as if they are material in value - they are worth maybe 20M EBIT and most will now have been turnaround by cost management and regegotiation
Some of the events businesses will again struggle this year so that is why I say 2021 Profit to be 200-225M now as 225M in March was assuming some further recovery there
Enough cash to service debt to end of 2022 (without further disposals) and free cash from trading (which was positive in 2020 and will increase in 2021 as profit translates to cash
If PE wanted a bargain, they maybe able get this for circa 80p IMO - that would be a shame for us LTH as I keep saying this will be 1.00 to 1.20 by end of year / early 2022
The amount of IIs here though that know that this will translate to 120 and increase in 2022 may not be supportive of a sale at that price
Anyway, thanks for warning us - do your job and get this sub 35p please I have 50k waiting to jump in for more
GLA
Couple of corrections pal - 80p by March was my prediction since last summer when we had the update - this was when your old account saying "certain to go bust" etc and "Like AA they could be rescued at 20p"
You are full of it and so much so had your account suspended so many times you've had to come back as a ghost
On the basis of what CPI have given us (Barclays appear to agree with me!) - 80p is FV for this share.
Many of the disposals were either
a. not for materially profitable business units but units that needed a load of cash spent on them
b. were at very good multiples -8-11 times EBITDA
This SP level is crazy and last August when you kept spouting similar nonsense, I bought 100 grands worth at these prices and sold all out in 40-50 range (when MW openned their short), so made a load of profit - I have bought that trading money back in here but have kept my LTH money in my kids ISAs
This is now at a level I will be very happy to start chucking in big cash and freeing cash up to do so is my priority
All the nonsense you spout about it going bust or now the rhetoric is "not going bust for now" is simply funny - if you are not a buyer at these prices, you are not a trader in CPI - I put real money in - seems you play with fantasy money and theoretical profits
Anyway, I hope you make actual money whether you're investing or shorting it matters not to me - I dont short but happy to sell up and help the shorts then buy back in lower.
Free cash with debt paid off means dividends - that means rerate - jump on the bus when you want, and who knows it may still be on stop until March, but it will move sometime and it simply aint going (any or much) lower than it is currently (IMO) - unless of course Schroeders do what they did last year and sell a load then buy a lot more back cheaper - their last M quid investment was at 45p so they may want to play it for the next 5 weeks
Get you cash ready guys but DYOR and never buy or sell anything based upon what some randomers write on a BB
Fact check is best - GLA