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another 1200@335.9 top up
@ODONNELL: Let me get one thing straight. I am not against short-selling per se. It is essential in certain circumstances, e.g. for the hedging of option positions. What I am against, is people changing their rhetoric, depending on their position, which is mostly done by small-time short-sellers on these boards. In my experience, the vast majority of these small-time short-sellers eventually blow their accounts, so it's not something that any sane investor would consider.
FSJ is now in a situation similar to what Babco*k International was a year ago. It's painful. But the short sellers on that share will remember the day that it rose 40+ % and wiped them out. Eventually, that could happen here as well.
I've been combing through the financials of FSJ again and I don't (yet) think it's as bad as some think. I'm hanging off for the moment, but am watching carefully. It's good to see them increasing their business to the Renewables sector.
Unfortunately this last post was placed before we intended it to be, down to the arthritis unfortunately. which had me knocking the wrong key. However the jist of it is correct with just a little poor English.
As for FSJ we are changing our minds about buying at the moment with a NAV of under a pound there may be a lot more selling to bring it down even further from the present 350p. As we have said we buy when a stock has settled and there is a steady, if small price increase. A definite buy but patience is the game for FSJ so not yet. We have added to our holdings in Seed an Aim I.T. trading well below NAV. However it could retreat again but we felt the bottom had been reached. Not a stock for those that do not like to gamble. Latin American I.Ts are a better steady investment we feel for those who buy to hold.
Take care all
There are short sellers on a lot of shares, unfortunately it is a way of life these days and we agree with you. However being rude is not the way to act.
A lot also put arms and legs on things they read so the meaning changes but we must just ignore them and be wary.
We have traded for over 50 years and seen a terrific change to investing with some of it not for the best. We must politely put our facts forward along with and the correct information in reply to anything we feel is incorrect. Short selling should not be allowed as it is pure gambling, if people feel a stock will drop then trade on the options .
@ODONNELL: I refuse to be polite to individuals whose only purpose on a board is to tell lies, spread untrue rumors and destroy sentiment, so they can benefit from short-selling.
Sorry. Some people do not deserve any politeness.
I am polite to people 99% of the time on these boards, but I will not be polite to individuals like I've described.
May we respectively suggest you stop being rude to each other. We had the same problem at Seed and it has now more or less ceased since we pointed it out as being futile a few times.
Whether some one is correct or not with their figures they are always worth looking out as they may have spotted something the company did not make much of. Then put your calculations on here and let others decide which to take notice of.
We are still looking to buy in to FSJ once the price has settled as they are going to be profitable in our opinion. No point buying in at the top, just buy when it is low and has settled and showing the SP to be rising.
It matters not who is correct, just put your own figures on here and the reason for them for others to read then stop being rude to one another as it gets you no where.
We are 80 and know you all need to work together rather than have in fighting. You choose now how you wish to continue.
@371 top up here 10% below CEO buy the other week
What's the problem @Jolly - have you been caught out? Do you also attend random funerals and approach family members, offering your opinion that the person was an as*hole? One day, that funeral will be yours...
@Jolly: I look at hundreds of stocks a week. I don't calculate the P/E for every company from first principles.
If you think the figure from Stock is wrong, then provide the real one + inputs or shut your mouth....
FACTS
1) They have £100m headroom on their debt facilities - this is from their RNS
2) They are still expecting to produce an underlying profit - this is from their RNS
3) They're starting to deleverage; it's going to be a slow process, a bit like Babco* International, but they will survive. - this is from their RNS
Rolls Royce is currently operating on forward P/E of 31.7 and they made a huge loss, while James Fisher is on 8 and they expect an operating profit. Let's get this in perspective.
ALL FACT.
@jolly - what do achieve by being here?
If you're neither short nor long, are you just lonely or are you hoping to enter. Try answering people in an honest way and offering useful info for others, rather than being a total prick and insulting people.
company's (typo)
#exasperatedbynonsense
the garbage data you quote is totally inconsistent with the companies own RNS
do you own thinking, mate
2020: 7.29
TTM: 7.10
2021E: 9.91
2022E: 7.80
12m Forecast Rolling: 8.0
So there are the facts from the Refinitiv/LSEG data. I think I'll stick with facts than the cryptic jumbles of a spreadbetter who's short FSJ and who has a very long history of cryptic junk on LSE boards.....
@holly: why would I give up investing? I invest fulltime for a living... I've made over 500 trades in the past year and am consistently profitable and have easily replaced my City salary since becoming a full-time investor.
I've given you the facts. But I see that you have no interest in them.
if you believe this is on a forward p/e of 8, you need to give up investing lol
Remember:
1) They have £100m headroom on their debt facilities
2) They are still expecting to produce an underlying profit
3) They're starting to deleverage; it's going to be a slow process, a bit like Babco* International, but they will survive.
Rolls Royce is currently operating on forward P/E of 31.7 and they made a huge loss, while James Fisher is on 8 and they expect an operating profit. Let's get this in perspective.
@jolly: Are you long or short this share?
freefall indeed...multiples crazily high given risks imv...esp with debt load and unproven management (being kind)
dyor, all
tp <£3
Wishing I had put this down down a long time ago. Absolutely no support in sight. Freefall.
We're going to need more than that. It's looking a bit grim here.
Nice to see
I agree with "forget deep research", it is often 'projections' hope or blatant lies.
FSJ dropped with the general markets but when they recovered FSJ kept dropping, falling during boom times. Directors bought at around 870p. Wrong, the boss bought again at 400. If he was wrong the first time, he was not on the ball. Does he know better now? The progressive dividends were reliable, failure to reinstate them is not good, a sign of deep doo-doo.
What they need is a money-spinner. How about raising an F35 from the sea bed?
Please note as we said we are not selling shares but trying to show you what we think with examples . Unlike those who tell you after the event
We are going to invest in FSJ, again we were telling you why we are going to invest in FSJ that is why we posted on here, whether you agree or not is up to you.
THE IDEA OF BUYING LOW AND SELLING HIGH was something we COPIED from others many many years ago. We have invested for 50 years with mixed results initially, but using this formula saved time and gave us good results over the last few years.
We gave up deep research years ago as something is often hidden and even big firms go flop for various reasons but often false accounting which you do not know about when researching.
Someone said tell them how to sell at the top, well when a share hits its HIGH then we sell, it may go a bit higher but that does not matter often they retreat or just wander along.
When to buy low, is always a bit of a gamble but when a share drops beware of a false rise before retreating even more. Sectors do not usually have false rises as they are spread over a number of companies, one reasons we like I.Ts.
So you have to be patient with companies and see it level out for a few weeks before you go in and buy, Remember EXDiv also comes in to it as some buy for the Divy then sell a few weeks later.
FSJ had a bit of a false increase then came back a bit,but does seem to be levelling off and buying under £4 may show a long term gain. However we are waiting to see what happens over the next few days or weeks. If it jumped to 420p we would wait for a little drop then buy in and add a few times
It is all a gamble and we are just telling you know what we have found out over the years. It is your money and you must do what you feel is the best way to invest for you.
Why people have to berate people or something they do not like or understand bewilders us. We have always learnt from others. Good luck all
Lol Personally I think ODonnell has enlightened us with his genius strategy to “buy at the bottom and sell at the top” .
George Soros, Warren Buffet , eat your hearts out. Those guys never thought of that.
I’m implementing it myself here. The last time FSJ was under 400p was in the aftermath of the financial crisis in 2009. So, pretty confident any buys around the current price are “buying at the bottom” with substantial gains likely in the months/years to come.
ODONNELL if you could kindly let me know when it has reached the top, I’ll then implement the 2nd part of your strategy. Thank you in advance :).