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Wow, I got a buy quote under 90p just now.
Looks like I was too early coming back in last week...
These are all-time lows (or at least 10 years - that's as far back as my chart goes, lol) for this share...
Per the TU on 19/01/23, the company remains profitable and the debt is manageable... right?
Topped up today and looks like all buys and sells will record correctly, back to above 90 / 95 if buying pressure continues, most buys were shown as sells last few weeks
With no statement due from the company until the year end update (probably late April) I suspect that this share will just drift about a bit until then. I notice from the accounts (to April 22) of PMT - their main UK bricks and mortar competitor - that PMT's sales have recovered to pre Covid levels so the move to online buying in this market place may be at or close to maturity. So difficult to see where G4M will get good growth from this year to move the share price substantially.
Topping up as much as possible while it’s this low
By my calcs, there will only be between 5m and 6.5m shares available to switch hands between investors.
The lack of fluidity may be an issue, but it will also be a blessing when this starts to move upward
So, my buys are 100% showing as sells
Well, I have made another purchase this AM only ÂŁ1500 at 08:30, see how its recorded as I was offered 94.6
48 k and 27 k so many big buyers and price stuck, if get few more may be it will move, very strange here
Yesterday it was more buys then sells but most buys were recorded as sells, same today most buys in RED May MMS trying to scare people and this will turn suddenly, from 1.50 plus to under 1 defo a BUY
Yes, I can see mine displayed as a sell
All those buys 95.19 and 95.20 marked as sells. I know info is based on where within spread the price is. Still interesting to see where to next here. Gla
Those to sells are actually buys as to buy Halifax is offering 95. They will let this go if get few more buys
Most buys into red to, this will bounce back , lot big buying happened yesterday and lot still buying, can’t drop much more
Even allowing for Debt, MCAP currently less than NPV excluding any profit. Which should be broadly inline with market expectations.
General jitters throughout many stocks today
No idea why it’s down but I can only think because of sellers, not many shares in circulation so moves quick both ways , topped up to
Back in anyway.
Any thoughts on today's further leg down?
Bought in today, let’s see this was over 150 only few weeks back
I have been keepong an eye on this for a number of years.
This looks like a good entry point.
The number of free shares in circulation is relatively minimal, I expect to see some quick movement upwards in the comming months.
They bought AV Distribution (now AV.com) last year just after the peak of the Covid related online sales boom but don’t mention it in the trading update. Richer Sounds (UK market leader in the AV.com target market) says in its accounts to April 22 in a report dated 16 Dec 22 that “since the year end macro-economic conditions have worsened and retail spend has slowed down further”. So the av.com results and short term prospects maybe unspectacular.
The acquisition struck me as G4M not expecting rapid sales growth in their traditional market.
Av.com sales would be included in the Q3 2022/3 figures but not in the comparatives. Under the last year of its previous ownership AV Distribution UK sales were cÂŁ8m, so G4M like for like UK sales will have fallen a bit despite inflation.
It looks fairly secure but flat.
It's been a tough time with delivery strikes coming after a decent time for home leisure sales. Figures and graphs bound to look a bit squiffy but doubt it's huge cause for panic.
The only person making money at G4m is Andrew Wass, shareholders are shafted...........................think about it
No retained profit should say
I retained profit, ÂŁ17m of debt. We are in trouble and probably got more SP falls or at best will flatline for quite sometime as the interest rates continue to climb and we potentially breach our banking covenants leading to higher borrowings costs - Ouch
An acceptable trading update in my opinion.
The Company built up inventory ahead of Brexit and now it is unwinding that position. Maybe some obsolescence as a result hence they have had to drop their margins to move the stock
Off set by some labour efficiencies which sounds like some stream lining. They have too many IT staff so that shouldn't be difficult.
Need to ditch Royal Mail and the business is in reasonable shape for the future.