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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.
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.
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
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!
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
Over 50k accross my holdings
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.
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.
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!
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
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.
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.
Inflation will only go up from here.
Energy prices rising from lows, Corporations raising prices above inflation because they can and is now normal practice, Wages rising faster than inflation.
Germany a disaster, Debt pile a disaster.
Auditors don't want to publish at all. (I wonder why)
Sale of assets in the US will only be sold at a fire sale price. US can smell desperation and can simply wait to pick it up cheaper when mobico go belly up.
Looks like this is heading to 20p looking at the graph.
Who is the boss of the CEO
The chairwoman
Who is the chairwoman
1 year in ms Helen weir
Scary she is a non executive of superdry too so we know she probably is a weakling
Pressure will come here would be good to understand the level of investment every one has in this enigma
Q1 update due this week or next, so I assume 2023 report will have to come at same time or before? it would be pretty strange t have 2024 Q1 before 2023 year end. Last couple of years that came on a Tuesday/Wednesday.
It's actually holding up quite well today when you look at the broader market. Sea of red!
Paddyboy
We've heard diddly squat about actual trading this year, the impact of price increases last year, all we heard is how Alsa performed well and US performed as expected for the FY23.
As you know we don't hear a word from Oct to March every year, it's just not good enough and there's nothing we can do.
Assuming that they report ( whenever they're ready) as they usually do on a Thursday, I'm expecting an RNS this week confirming next Thursday, or one on Monday stating further delay.
The last rns sounded like a small child saying " it's not my fault mum this latest Germany business"
Excuse after excuse imo
Amazing how the sentiment changes though. I remember post covid vaccine people scrambling to get into this for less than £2!
Agreed JG. There have just been too many missteps to put it all down to macros and circumstances beyond their control. There are many things they could have done and could be doing to help mitigate. Only way Garat stays is if Cosmens approve.
Funnily enough though i remember when Wood Group sold their Build Environment asset for £1bn+ the SP hardly moved!
JG, they've told us the situation in the last RNS. It's about whether the market believes they will deliver what they say. Clearly they don't & the markets are dire anyway all round really. They can't say about NA sale as that is a separate game changing RNS itself!
Yes, i'm looking to average down some more here as i still feel this is a good bet for 5-10 years hold which is how i've always viewed this one but seems prudent to wait & see the situation. I'd prefer to pay a 10-15p premium from this level with certainty than have a DOCS day tomorrow!
Wealth
I just cannot think of any reason not to offer some positive update on the sale or Q1 trading if there is anything positive to say, given we're where we were after the Oct profit warning.
It's beyond farcical how poor this board is, either way whether they're sitting on positive news or have a further downgrade to announce.
How after 4 years of this is Garat still in post and seemingly totally unaccountable for failure.
You're right Paddy.
I nearly thought about adding a large tranche here at 65p, believing we'd be back up to 70-72p.....glad i didn't.
Waiting for better news now or the bombshell.......the latter being the most likely, based on past updates.