London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
A disgrace when the SP is murdered and fundamentals remain solid….and this is the market is it? Concert parties and get togethers to drive the sp down and buy back cheap is market manipulation!
Having been investing for some forty years, this SP leaves me wondering how so many so called investors have dumped this stock making it fall 25% in about 2 months!! This was on on record preliminary unaudited numbers announced in January so why would all these people invest and dump at high 60s and low 70s? Now I can only assume word has got out that something has knocked financial performance? If this is the case, then that’s unlawful and all trades should be investigated as something doesn’t reconcile. I expected 90p+ so how wrong was I I! Sitting on a hefty loss …. and doubt more butchery to come…..I hope I’m proved wrong but this decline is terrible and I’m surprised the board has remained silent….maybe the CEO is looking for an even cheaper buyout……who really knows…..
The Share pattern and price is a difficult one to explain, and yes currently frustrating.
One could argue that in hindsight perhaps the flotation price was slightly on the high side, it enabled existing shareholders to benefit from flotation, but that’s normal and nothing unusual. Part of the re-distribution and expansion of the shareholder base post-flotation.
Is this a business sector that’s hard for investors to understand? Er, no. It probably one of the easiest, retailing and distribution of building and plumbing materials for both diy and small / medium sized contractors.
Some have mentioned the impact of Staff incentive Share plans, but from my experience that can only be a good thing.
Growth strategy -Solid and proven. Acquisition of similar, smaller family owned merchants looking to exit, plus emphasis on organise growth as well.
Profitable, even at this relatively early plc stage, paying a modest dividend.
My rationale for investment was very simple, I met the current CEO in a very minor business capacity, probably some 12 years ago and was very impressed with both him and the company. When I saw in the business press that they were coming to the market, to me it was a totally logical, nailed on investment.
Although I’m carrying a paper loss on this currently, my sentiment hasn’t changed, I like the company and genuinely believe it will be ultimately a very beneficial investment. As always, DYOR of course.
12p down since January and overall no real change in the company’s performance. The sales will again crush this SP…results will be announced and it will recover some of the lost ground. Why this SP is struggling so low is crazy. A great company with growth opportunities and no doubt an M&A target at some future point…..bring on the recovery…results due early April…
Someone somewhere must know something I don’t…all thes sales around 8-11000 are strategic. Maybe the results are going to disappoint but for the volume of sales over the last month, MMS are utter filth imho….
I have no clue why the MMs are butchering this on relatively low volume sales…a few more bought…onward and upwards… hoping for £1 still…
SP imho being intentionally pressurised lower to fill a big buyers boots! Unbelievable market forces (I won’t say manipulation), but it’s an utter disgrace. How can the offer price drop 3p on the back of a nothing sale….disgusting !!!!
Why are these people selling when nothing has changed???? There was a 30000 purchase last week and overall, no big exodus but the SP gets marked down 5p!! Unbelievable what MMS do …. I remain confident in this company and the future growth …..
Hoping for a major jump in the SP soon. This company is performing very well and will continue to expand and diversify it products and client base. They only have 1% of market share so customer growth and effective cost management will see profitability increase considerably.
See RNS for analysts and investors presentations…hoping the numbers are better than previously projected…is the magic £1 SP on the horizon? I certainly expect the SP to rise over the next few weeks (see prior posts) - 52 week high was last year April…. time to grab these cheaply…. DYOR however….
I reiterate how well placed the company is to grow its sales and profits. The SP doesn’t reflect the value of the shares…add 20% to the SP and that’s more realistic. Waiting for this to rapidly move higher…the 12 month high was last April…
I’m so looking forward to the fy22 audited results…fabulous company….markets are turbulent …these will go much higher….
I tried to post yesterday but it didn’t take….. Am I the only person liking this co? The SP is 25% below it’s true valuation…£1 + is not far away imho…..
The spread is excessive but volatility with sales hurt the SP. A 30k purchase yesterday is a start….I really do see news on the horizon and an SP of £1+……
I didn’t see it coming. Sales of £50k killed this stock…. Not sure who was selling but hopefully not the CFO Mr Day again! RNS neede to clarify any updates on fy22…. more RED today or BLUE sea….
Until I’m told differently, these are now very attractively priced….
Fundamentals remain…targeted sales which has sunk the SP. Great opportunity to get these way below valuation….
Sales as I said….now for the buys!!
I think we will see some sells but buyers will be in the background so I think the SP will tick up a few pence with 90p being realistic. Since the preliminary fy22 numbers were presented, the SP has disappointed tbh so something has held this back and it’s due an upward trajectory….
This is a waiting game. All the positives and the SP goes up a bit and straight back down. Valuation is much higher than the current SP so the sales baffle me. Come on people you really need to see the opportunities with this one…. but pls DYOR too…..
Volume has been very low and the trend has been downwards tbh. I really see value in this company so am hoping this will bounce up….fy22 final results due April so probably no real news due until then…90p has to be reasonable…surely?
I reiterate how much I like this company. It’s made sensible acquisitions as well as making decisions to sell non core business arms. With only 1% market share, the sales and distribution effort is a must. That said, is there a risk that some smart competitor may want to swallow it up on the cheap? The target SP of 111p suggested for 2023 by the analysts is some way off …. Time will tell but the company is well placed to meet the IPO targets which with prudent costs management should create record profits. Volume Monday was high…hopefully this will slowly nudge to 90p in the next month….
I absolutely love this company. It’s not Apple but slowly it will deliver. Margins are critical but the most important thing is market share and an increase in cross product sales, which they are well placed to achieve. I’ve said already that the 2023 analysts expectations are real …111p
Plenty of buys and a large sell. I actually think sells were reported as buys as MMS need stock which indicates some large buy order’s requiring filling. Expect another high as this SP is being suppressed imho and will naturally pick up as all the indicators are for value growth ….
The indicators are positive on all fronts. Am I the only person who likes this company?