Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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.
Manz, whats the scenario you are using to come up with 60p. Im not saying it cant go to 60p bu the scenarios I can think of are not of a high probability?
I'm sure Paddy and the other regulars that keep posting it's the shorts are sweating as this keeps drifting lower. Can you smell the roses yet ? Well when this is down to 60p you can all say Manz told us and we looked the other way.
Must spell check more...
19th March 2020 at peak panic, 3 directors bought in at £0.97 in a show of strength that the sell off was over done and the business would survive. It's past time now for a show of strength from the Directors. Put your money where your salaries are and show some commitment and assurance to your shareholders!
Barney, you really shouldn’t be investing without doing research. The SP was effectively a lot lower in 1993 due to there being about 80% less shares in issue.
Pokerchips
See what your saying, but the same can be applied generally from beginning of the year around 132 ish to the day before results 1 March 126 ish. Barely a 5% swing and then results were received positively, until Liberium downgraded to a sell stating their concerns about leverage which the market listened to, and now even decent updates don't make any difference.
It just seems that the market is giving certain companies a message, " you can't sustain that level of debt in this macro environment "
At the end of the day, we are where we are, and hopefully this 2 year downtrend will eventually reverse.
JG
If you look here between 16th March and say 22nd May, the SP was very stable around 120p
...Once stability again comes and the next inflation figure can show improvement, the climb back to 120p can come ...
...the company behind the scenes is doing exactly the same at 120p as it is at 106p .... just trading sentiment on the macro IMO
I topped up my 100k plus holding 3 times last week, at 115, 111 and 109, I'm now in a situation here where I'm uncomfortably too heavy here, but will just hold and take the dividends, and hope there isn't some cash call.
I'm done averaging down on any of my holdings now, and although my averages here are 123 in the ISA and 127 in my trading account, so not too bad considering, not buying 1 more share, especially here.
JG: Then compare to say m&s, yes also large debt but market views it as covered.
I was trading M&S last year and the market analysts seemed to suggest it would do badly in the coming recession.. Since both MKS and SBRY has done well this year, that means spending power is strong and there aint no recession
Last year my strategy was to trade shares and clear them all weekly . it was profitable but very exhausting, so I changed to Longs at the end of the year . I'm not so sold on LT holdings now :(
Totally agree Joe. Manipulation... Hope you're well
Almost at same SP as of 1993
Time to keep buying imho till the market gets a dose of logic
Already looking forward to next divi date 🥳
Genghis
Agree with what you say, but I'm generally referring to all UK companies that have high debt and the market is viewing as barely covered as things are.
For example others that I hold also getting hammered today, Voda, 888 , Nex, different sectors but large debt.
Then compare to say m&s, yes also large debt but market views it as covered.
It's the only thing that makes sense to me as to why some got whacked and some didn't on another dreadful afternoon. Just my basic assessment of what's happening, and also explains the constant decline since the BOE started raising last year
MOBICO - the world's premier shared mobility operator. ..
( maybe that somewhat ambitious idea has scared the markets, somewhat !!... worldly ambitions tend to be somewhat expensive !! )
I bet AVIVA didn't sound so good initially, but ended up somewhat better than the old "Norwich Union"
Quickdip.
The recent decline being the one that has broken out of its consolidation trading range 115-125ish. We were in a tight range for a few months with the share price fluctuating mostly on small volume algo trades and of course now we are seeing another leg down. I’ve seen this time and time again, ultimately though I’m never gona catch the bottom and whilst I don’t want to catch the falling knife, I do believe in the company long term, it’s prospects etc. for me micro managing the daily changes would kill me off with stress and I’d be better putting my money into a saving account.
Obviously you are trying to trade the share and catch a lower price and there is absolutely nothing wrong with that, whatever your strategy is.
JG I agree there is a matter of UK centric perception ,. the name change cant come fast enough - Mobico is a fine abstract meaningless Corporation name. it carries no emotional baggage
MKS is up 46% YTD
SBRY up 24% YTD
purchasing power is too strong , maybe thats the problem , thats what interest rates hikes are set to kill
Is hammering anything with what it perceives has high unmanageable debt.
Others faired ok today, m&s, lgen, c&c, aviva, all ended today up.
Imo this is UK specific and the market is targeting companies in different sectors.
Jnc, when you say the recent decline do you mean today, the week, a month, 3 months, 6 months, a year or 2 years?
Pokerchips
Not affecting the US market though.
Seems something prompted a sell off thus afternoon.
I don’t think the recent decline is anything to be concerned with, so many stocks are getting absolutely decimated right now in so many sectors. Lots hitting all time lows or retracing. I think most people are really fishing to catch the exact bottom with so many stocks, with Nex I do see this as a long term hold and will continue to drip feed on drops and truly believe this will return handsome returns to holders in the coming years. If you don’t feel comfortable with paper losses and only have a short term trading mindset then this market is so volatile you are pretty much gambling trying to find bottoms/swings.
I will continue to add, although I do have a large holding already but do view Nex as a solid company that is an essential service that will be relied upon by governments for years to come to achieve net zero targets and the increase of adoption of public transport.
I do feel and share the pain with you all and I do wonder when this will turn. It definitely takes balls of steel to be investing right now but long term I do think this is a fantastic opportunity. GLA
The US Dealt Deal vote is yet to take place and there are a number of Republicans who really don't want to vote it through
...market still nervous as to whether the deal will get passed ...or not
Just topped up for my sins. Avg now 127.7.
There is no trail on the candlestick, as we are right at the bottom. Surely , it had to make a bit of a tail tomorrow, being last day off the month? 😁
I Hope the board are actually taking nite of how the market is perceiving NEX.
Looking at some others that I hold, Voda, 888, large debt.
It's the only thing that makes any sense to me, the question is, are the markets right, should we be that concerned, or are companies with large debt being almost sectored accordingly and marked down as long as rates are still rising ?
Its an IQ test and none of us can cut it except maybe Hindy86 ......