The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Peel issued a report on the sector. It suggested likily d4e swap butbsuggested they would not go out of business. Peel raised concerns about mitie as well.
Golden opportunity for those waiting for a good entry point
Deramper - AndyPandy
Agree this week and next will be a real test. I’m amazed at how well the sp has withstood the onslaught of the shorters. I sold my entire holding Friday and will watch on the sidelines for a few days to see what unfolds. Long term this will fully recover to £3+
Bandit, hopefully no abuse on this forum - I have enjoyed your posts. It will be interesting to see how well the share stands up today, as I think it may come under a little pressure this week. Long term though - I'm confident.. Good Luck and hopefully see you back here soon
Bandit, well put!, my take on this is a recovery play, not short term but long, have a fair chunk here, but feel over time, stability will result in reinstating dividends, but take on board your realistic and valid points!
As someone with a healthy risk appetite it was a tough decision for me to sell-out this week as I had high hopes for IRV's recovery. The more I read about high debt levels, wafer thin margins, sector disaffection, new IFS rules for revenue recognition, it made me reassess my investment. Even the short positions ( over 0.5%) increased during the week, albeit marginally, when I expected it to reduce. As part of my assessment, the sad demise of Carillion could mean that the government will be ultra cautious about renewing/awarding new business to IRV until they reduce their debt pile (�535m) against a market cap of �180m. Why would civil servants risk awarding new contracts to them at this time? Do I think IRV will survive - yes I do and hopefully it will prosper but there could be a tricky few months ahead. I would like to see the short positions and debt levels reduce and the Banks renewing their facilities with covenants set at a sensible level so we don't see a breach only after a few months. There is a good chance I will re-invest here again so I will avoid posting until I do save to avoid a plethora of abuse which often follows a negative but, well meaning post,