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Looks interesting and overdone ….watching with interest!
I may throw some cash on here?
Hmm
Bottom line. I'll sit back and watch this one before adding. It's one of those that will have to sit in the bottom drawer for 6m.
Assuming they can sell some of the non-performing businesses and prevent further impairment to the balance sheet (what would such a 'loss-making' busines be worth?), I still see the possibility of something solid being uncovered in the buffing of this turd.
Yep, absolutely shocking. It's one o fthe worst that I've ever read. Not because of the actual financial impact - which I don't think is that great. More that it was a series of 'downers'. It's like it was written by a depressed person. It's like they were trying to crash the share price - they succeeded!!!! I'm starting to wonder if there's an agenda behind it.
A terrible way to write a trading statement. all negative up front. They need a bit of guidance those managers.
Tankships was the cashcow, and now even that is struggling, so I really don't know what is going on here. This is a different management team to the one that built it up - I really wonder now if they know what they are doing. The dive ship debacle was not clever either.
So what you doing here then!!!!! Obviously not as successful as as your making out. bullsh*ter!!!!
@Porsche1946: Crikey, some people must have no life at all, to only appear when a share price drops... Successful investors don't have time to post this junk to low-traffic boards.
a2thunder
good call, i thought these were toast as well, dont trust new management, remind me of the Burford lot, sure enough, shares now getting destroyed. Is anything in basket case UK investable any more or just stick to the S&P.
@Thunder: Prior to today, P/E was 15 on a trailing basis, which is not dirt cheap. I'm definitely not rushing to buy more at the moment. Would consider if/when the business improves or if the price drops to ridiculous levels. Definitely no plans to try and catch a falling knife.
Has been jam tomorrow for the last 2 years here, I got out at a small loss a fair few months ago as I lost confidence in the new directors to turn this around. It was on a growth type multiple previously - now still looks expensive.. could drop towards £200m market cap in my opinion. Earnings do not support any price much higher.
With a market size of only 300 shares this gets pushed around,
@Mary: "Cane this one moves quickly"
Yes, I see! Just not in the right direction...
I might pick up some more if it drops below 500p. I don't see a lot of support at the moment.
Cane this one moves quickly, but today is a disappointment to be sure and will probably be a great opportunity in hindsight, adding on drops here.
This used to be one of my favourite trading shares. I remember a similar collapse from £12/£13 to £8.30 and a gut wrenching lurch lower ro £7.50 before a turnaround and exit over £10.83.
Hope the same happens here albeit at a lower level but still % should be good.
May take a few days or weeks of pain but investing at these levels out to 2022 for recovery.
GLA
Will definitely look to add more once the dust settles a bit; probably a couple of days off for me though.
Mary I couldn't buy at one time, but had to pay 552
Naughty mms. Dropped to 521 and now up to 555 - on thin air.
Another leg lower is seems. At some point a bounce. £5 £4 £3 £2 lol hope none of those levels.
Indeed, grim update but still profitable at an operational level.
At 544 and 550 too tempting not to add a few, so I did. Will add more on any further drop. LT holding now.
£20-£5.50 yikes.
GLA
Not a recommendation.
bad monday for FSJ holders