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I think giving a vague reporting date was a mistake, it just encourages doubt and speculation. It makes the share price a plaything for non-investors as not only do we not know the content of the reporting, we don’t know when to expect it either.
Seems to show a lack of understanding of the markets. All may be satisfactory of course as they seem a bit oblivious to the market impact of all the messing about and uncertainty.
In football if you sack a extremely poor manager the team always improves.
If Garat & Stamp don't resign.. they need to be shown the door a.s.a.p.
This company is on the verge of joining cineworld.
We as shareholders need to show we are discontent, just as fans do at a poor performing team.
Smokey stop wetting your panties
Go and read the annual report for 2022 which is the last we have unfortunately
24 and even 25 fuel is well hedged and not a huge COS
It’s actually wage inflation that should be the bigger concern
Always note this company has a lot of trades but relatively low value 7k average shares
Polishcap with ludicrous comments like that we all know you are Ignacio Garat in disguise or one of his disciples !
You are defending the indefensible!
Polish one
I've got way too many of these for my liking, daily stressing territory, and I've only added never trimmed.
Right now I'm seriously regretting not selling half my 100k ISA holding at 92 which would have been a couple k loss, I had doubled that holding from 50 to 100 when were last at 58 in October.
I wouldn't mind so much if we had a different board but because of them it's a very uncomfortable hold.
I've got other holdings in MCG also in different places. Too risky and can't wait to reduce exposure.
If we all knew 92 was the peak we would have all sold and took whatever loss. By those calculations you must be near 50k down Jg.
Over 50k accross my holdings
100k is a good hold on 614m shares total
I hope this board combined could be easily 6m to get to 1 per cent club land
Doesn’t seem like many investors were unhappy in 2022 as 99 per cent voted garat to stay in post
Sure the 5p divi soothed
I think the share register churn will be interesting to see as the price as collapsed since 3 or 4 quid so you’ll have loads who have gone or the ones who have stayed average down but with much more meatier holdings
Well a few weeks back I sold down from 77p to last batch at 68 with a loss on most. Just not so confident in this and don’t want another year tying up cash when there some good opportunities which will turn sooner.
However, when this goes into the 50s it is compelling based on what happened within weeks of this touching the 50s last time!
POWELL- appropriate to let policy take further time to work (sounds like higher for longer)
Uk will be cutting before fed at this rate
Jg if you doubled at 58 why did you not take any profits at 92 even just a little
You need to take profits, if you don’t the market will take them from you
I doubled up recently but sold that almost straight away for £300 loss because I knew I missed timed it and it was more likely to come down
Last Wednesday when it fell off a cliff where did it bounce off?
The Covid low… I said to look out for it that’s the market telling you it’s coming down
It’s not random
Hindy
Because my overall average in that pot is 96 and hadn't yet reached my target of 140 which is what I need to make up some other losses previously crystallised in that ISA.
I know I was up on that purchase but I need 140 on that 100k really. Should have sold half and bought something else I know.
Seems to be quite a few kind of day trading this share. A lot who i recall were buying or saying they were buying when it was way over £1. I'm not sure how that strategy works but i doubt it's making any money. I sometimes wonder how many of the people who bought RR shares@30-40p have stayed till £4+. A new CEO did wonders there! I don't think this share is 'risky' at least not in the Cineworld context. The debt is too high. The management is weak. Macro is poor etc. But the underlying business seems fine (£3bn in revenue & rising annually) This company will either improve or it will be taken over is my take here. Barring any terrible news this should be near a bounce level like it bounced off 54p before.
JG, need to relax mate. I think you're less underwater than me or similar. I think in the end we're both probably in on this overall for decent averages & with the right mindset will ultimately make money on this. It is frustrating i know but i'm given up stressing about this type of stuff. If you've invested too much & need the cash then fair enough otherwise best to sit tight & wait as things will turn here eventually. You're reading too many of these posts about people slicing for a few pence here & there. Buying in the 50s & selling just in time @91p etc. You know it's all BS really. all retrospective so it is BS. Ask why would someone have sold at 90,91,92 when it looked to have turned? They wouldn't have. How many of the 614m shares in issue do you reckon have been bought for less than £1? very few i'd guess. There's many investors out there sitting on much bigger losses than you or i but none of them are selling!
Very true Paddyboy, good to read you're posts again.
Pokerchips and wealthtransfer have been keeping me relatively sane on particularly bad days.
Fingers crossed for a mini bounce tomorrow if the cpi comes in lower than expected.
A sub £1 type average here would've been nigh on impossible over the 30+ years this has been listed as it's only gone below £1 3 times i think. In 2009; 2020 & now. The cyclical SP is very telling here. When things improve the rerates here are very fast!
I’m £70k down on circa 160k shares in MCG at an average circa £1 … it’s been easily the worst buy and hold that I’ve ever made in any share in 30 odd years. Made even worse by the fact that it was a coin toss between this and FGP when I first decided to invest in a transport recovery stock and FGP would've returned me 40 pc plus in the same period. The management team has been almost comically inept and the market has treated them accordingly but I still feel that the share price is going to recover here. Not quickly but with a change in sentiment. Public transport is a long term business and this is a solid and diversified business, of course the debt is dragging on profitability but interest rates will come down and I still believe that the Cosmens can’t be fools and have been buying for the long term. They know the long term plan better than we do surely ? It’s frustrating when you have money locked up like this and sat on heavy losses when the opportunity cost has been lost had it been invested elsewhere. However patience should have its rewards here , hopefully within the next 18 months when they learn how to use a calculator and some degree of faith has been restored. It will jump pretty quickly imo once sentiment changes. GLA.
Jg ahh got ya
Paddy-guilty I’ve said from the start I’m trading round a core and am more trader based
And il be honest the positions I’ve closed on this are in net profit, its saved me loads more than anything its not particularly made me loads because the majority of the time it’s only come down and I’ve only shorted it a couple of times once recently because the updates aren’t exactly screaming buy and like I’d already mentioned the markets needed a flush imo it’s was more a to cover my core holding more than anything but I’ve bottled it closed it and took profit plus it’s getting to an area I’d like to see it hold onto whether or not it will tho will have to wait and see,
I agree with what you said the other day when someone said your trying to scare people 🤣 just because it’s low doesn’t mean it can’t go lower, if they keep underperforming we’ll be punished 🤷🏻♂️
Mavswf
Totally with you mate, I'm about 65k down accross my 3 holdings.
So many lost opportunities with so much tied up here, and so little confidence or trust in anything these clowns say, and unfortunately it's like cried woke here now, are the markets ever going to believe what they say ?
Imo not until they meet guidance for at least 3/4 quarters moving forward. Unless of course it's downgraded guidance again.
Hi Hindy, what i don't understand with all these short term type trades is really how you can make profits of any significance while risking missing out if the worm were to turn. I think you've been commenting here since the 120s level. I'm not sure what your initial entry stake was but obviously the trend has been overwhelmingly down since. Same with say JWs comment. Selling at 77p to reenter @68p. Retrospectively it all looks great of course but i don't believe in the real world that is the mindset. Of course all of us would have sold our entire holdings @92p regardless of losses if we knew we could buy back in the 50s. Everyone's mindset then would have been the SP was heading for a £1.
JG, Remember: At the end of the storm there's a golden sky!
Agree JG, I'm about 45k down and same boat as you. Can't do anything but wait. Would have got out at anything in the 2 dollars at the time and would have grabbed a 15k profit. That seems like paradise now.
Great to hear these stories from the long termers
Only just jumped in but feel there is method behind the madness
Gotta be activists lurking too
Any other stories would be welcomed
Feel that the bod does need a total cleanse and is very elitist seems you only get a role if you’ve been to oxbridge
That’s totally not the right type of people for 46000 employee company
It is now the third week of April and still no FY results date. I suppose they're thrashing out accounting on German rail. Surely no further surprises?
This chairwoman worries me a lot
Done nothing since she got in
Keep up
Your declarations in holdings and length of hold please