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Rhinocol
If you have followed WG. closely I snooker racked in and out very successfully here and called the bid and the walkawy correct. The rest is history.
Gruyere
You must have missed my posts
ITV - turned around big time, a long time ago -very low average
PFC / MCG / VANQ still WIP but improved significantly by averaging down
PRU - turned around by buying and have a nice low average
CBG - fully turned around and out with a heathy profit
888 - average sub 40p atm
SDRY - only have 8000 shares so a small loss
CURY turned around and sub 50p average
Not sure what your point is really.
WG. I was sitting with a 10.11p average holding and have been adding in the last few weeks and trimming too. Have added today all the way down to 134/5 and sold some 1st thing to trim as stated.
Sceptic if you like, but I post honestly.
Mx
Mary B has been pushing this and the others for several years, and miraculously always tells us she hits the bottom and the top. I take it all with a pinch of salt !!
Mary, I'm sure that's a fool proof strategy . You omitted though CUR, SFOR, SDRY, 888, CBG,MCG, PRU, VANq ITV, PFC....which you mention in your 700 plus posts this month. If they are all doing well then bully for you but the reality is no-one gets it right all the time. But if you have the secret, good luck to you but in this case I'll join the sceptics.
No worries Mary
I have not got a twitter account and was going to set one up when you stated yours..I'm a bit of a technophobe myself ..
I doubt whether I will dip my toes into the water here until I see some recovery..
The guys posting below seem to have the measure as well
Buy when others fear.
TUI TRN SPT GNC IAG HBR RR. BP. DLG CMCX IAG the list is endless.
Mr P - it looks like our posts crossed. I haven't seen the presentation but the analysts are perfectly correct to be sceptical - as I said and now you - Jam tomorrow is fine as long as it does come, so far it hasn't.
WG. I tuned into the webcast and Ken Gilmartin (CEO) was very pleased with the progress they had made and, in his view would continue to make. What struck me was the scepticism of the analysts. The "Simplification Programme" costing $50m this year and $20m next to save $60m a year was simply not believed. They had heard that type of talk before although Ken was quick to disassociate himself from previous efforts they were not buying it. They are in the right areas and they are improving but it always seems that its Cash (jam) tomorrow. My instinct is to buy more but somethings says "resist the instinct". Its been a busy day on this noticeboard and a terrible day for the share price.
Hopeless management. Another year of restructuring expenses with £10m of savings to come from Investment Services, which where the headcount increased by 100 last year - so create the overspend in order to cut it and look like you've invented the wheel. The question really is why has that not been done already? Any well managed business would continually keep costs strictly under control. The report is littered with examples of where they made provision for costs they underestimated and settlements that they anticpated but didn't happen.
Debt has almost doubled! Yet more asset sales to buy time for another year of failure but still 5 million more shares added to the share count....wonder who picked those up.
Its all another jam tomorrow promise - but what happened to yesterdays 'jam tomorrow' - because that's now today!!
How's it go...add and trim? Do me a favour.
So disappointed today, come appollo one more bid please
Thought I had Ge0, give me yours and I'll send a message, rarely use it tbh.
You'll be lucky Mary
Are they in Auction
BTW
Weren't you going to give me your twitter angle
Timber...................... buy buy buy coming up.............
Net debt doubled.
Free cash flow position improved but still negative. Both can be imporved on selling assets and reduce costs (people).
Revenue and margins improved likely from projects awarded last 1-2 years and almost completed.
let's see...
I’m sure your drilling will unearth some gold..
I think I will wait for the webcast Transcript Mary .... drill down into some detail
IMO, it is the debt angle, Mary, which is driving the market sentiment here.
Some good stuff in the update, but not enough to justify the old trading range, let alone better, IMO.
But like you, I do like this one with a longer term horizon, but it is purely a trading one for me right now. Well, it is if I get my price of course :) GLA.
" Performance will be weighted to the second half, reflecting the typical seasonality of our business "
" Exceptional cash flows are expected to be around $120 million and will be weighted to the first half."
" on-track to deliver significant free cash flow in 2025"
So, looking like from H2 and into 2025 things will really take better shape
Analysts and the market will now work on their Excel sheets to predict H1 earnings and cash flow
Save a jar for me Mary
Morbox, saw him by chance as was watching the bridge collapse.
Takeaways
# Growth everywhere, especially consultancy, carbon capture and O&G security
# Clients like what they do and come back asking for more !
# Consultancy business is high margin and will become the main earner - (seems the switch is paying dividends)
For those worried about job losses last week, there are currently 500 vacancies as jobs are expanding due to the record orders.
IC seems right for once.
WG. price is at the ground floor and going up soon.
Cannot believe that the market missed the guidance upgrade.
Mary has been sterilising the jam jars ready for all the jam that is coming in 2024/25.
GLA DYOR.
Probably won’t open but it’s a buy with IC and a strong buy from me
KPA, apparantly the earth 's core is causing increased volcanic and earthquake activity . Evidence that it is a contributor is that the oceans have warmed more at lower levels and the antartic sea ice has thinned near a fault line but increased away from the fault line. Problem we have is that only a few scientists want to deviate from the narrative that it is all down to carbon dioxide. I am no expert btw.
Results are OK but FCF and an increase in net debt still a concern.
Being A LTH I am forced to hold for the promised up turn in 2025. There has been quite a few promises now and one always has to be wary of "jam tomorrow".
We live in hope and I would hasten to add that I am a genuine shareholder unlike some regular posters on here.
Ken is doing an interview on sky news now. If anyone wants to rewind!