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How on earth do those overpaid cretins not jettisoned the pensions as yet, wt f are they discussing with the unions and pensions authorities. Get rid of them and the the walking disaster Mullen. Cut costs by reducing your wages till you perform or get lost. Stop riding the grave train, every time you report the shares collapse, you have been nothing but a shambolic disaster, causing the car crash. Start a subscription service of sorts with prizes £6 per month, all that education but no street wise acumen like Alan Sugar. Your like a rabbit caught in headlights, "what do I do what do I do?"
Cheers Sam, I wish only the best for any shareholders however long term or short term and for that to be successful medium/longer term it needs the underlying company to actually be doing what they are supposed to be doing and not riding along a cash cow of employment and pension perks until there are no more shareholders or banks to mug along the way.
Not accusing Reach of being such, but you'll have seen plenty of lifestyle companies in your trading/investing experience. They are the ones that produce the snakes for portfolios to slide down to nothing.
Reach looks interesting longer term but at what price I'd take a punt, I'm not sure yet. Might end up panic buying at higher levels while waiting for lower?. Good luck for today.
Nick, in relation to your question on my £4000 @ 83.9 ...mmm still sitting on that loss..... just added 2 other trades at 80 and 78, so back to my play pot all committed. Overall carrying price after costs and this morning's realised gain just under 79. So hopefully, an uptick this pm after the overswing to downside or I will have to eat the loss.
Sammaclcleod "I don't know what I think about what the mkt thinks."
I worry what the market thinks because that's where any share price gains come from or if worried the share price falls. I'm interested to know if you'll hold on to your second trade today of buy @ 83.9p or take a loss.
You may still get lucky. I've had day trades go wrong and months/ years later they made me a profit, except for the ones that went to zero. I'm terrible at taking short term losses.
Having held for over 18 months I sold out this morning - while I can still see why some think this could multibag over next few years (and it might) - I think the management have missed a once in a decade opportunity to sort out the pension issue - it looks like they have made almost no progress on this even though the triennial valuation should have been agreed with the trustees 2 years ago. With interest rates back to where they were last summer the window of opportunity to settle the pension favourably has now closed. As a result the business continues to pay £53/54m p.a. into the pension for the next 3 years at least. Given the lower profit expectations and admission today that they are drawing on the revolving credit - unless they improve profitability quickly I can see the dividend being materially reduced as I cannot see the banks agreeing to fund them. Not one for the feint hearted - GLA
mid 70's seems like a safe place for this too land.
wait for profit takers to exit and price to stabilise.
I'm buying in the hope who ever gave this guy a bonus of 3 mill. Will have the foresight to pay him off. If I was failing this badly it would be P45 time.
I don't know what I think about what the mkt thinks. I thought it was over valued when it was £4+, I think it is undervalued where it is now. It is a difficult business area but my feeling is that while print is in decline, the business overall will be more resilient than others seem to expect. Management can always be better but that would apply in many companies.
While I bought my core holding was purchased well below the highs, my net carrying position is still languishing below break even at this price even after trading profits and divi.
I am not really a trader, I just get spurred into trading when I get PO'd with irrational gyrations.
Same with my MARS holding although it is vloser to net break even. Thank goodness for big oil or I'd be on bread and water.
Are we saying that cash/share has dropped from about 22p/share to about 7p??!?
Trading at the Gym?
Mkt worried this company is in a terminal decline. If it's wrong, then it looks cheap. Good luck with your second 'day' trade. He who dares.
LoL..I think I am rather more oblate than the gym bunnies on there.
Back in at 83.9
Could be an interesting trading day.
Thanks for announcing you're off to the gym, I think you've confused this website with grindr
Ludicrous reaction to results that were signalled in January.
Bought 10k at 84.7
Just sold...trousered £260 while having my toast.
Off to gym.
Was hoping for a bit more of a dent in pension but it is going in the right direction. OK market conditions are hold most sectors back except energy companies .Even Tesla cutting retail prices again. All in all just a steadying of the ship and the final payments are now gone on the acquisition. The main problem is we have in Jim Mullen as the saying goes Jack of all trades . He needs to go and we need some who can convert pundits into cash. But selling a single share Take the divi and looking for much improvement as inflation stalls energy prices reduce, the coronation major sporting event .Good to see big increases in local online news.
Much better than I anticipated. C. 7.8p dividend is kept. I think we will see a blue day today.
Cash position was the bit I picked up on too.
Grim as first feared so adding on drop, will wait for the 2nd or 3rd wave and go in gently.
GL
Simon was the one who steadied the ship. Hopefully the pension will have turned very positive, so no more payments, and sell them off and distribute the surplus to us the fing owners, to shareholders holders on the night before the announcement.
Then seriously look at subscription what's a £5er ? Ad free and monthly cash prizes, 4 million subscribers in a year £240 million profits before expenses. The price will be £8 plus in a few weeks.
Same clown in charge Mullin absolutely shocking as bad a the previous two
Usual nervousness ahead of finals, coming on the 7th March.
When are eunuchs in power going to take the thorn? Always following not leading. Why are they free loading destroying the newspaper industry?.
"Expecting further upside from here as the new bull market continues Happy Days :)" Really? What bull market? I don't think the FTSE 100 will ever top 8000 and I know that's a dangerous prediction. "Growth" is hard to envisage in the future.
Growth is what's caused all the environmental problems we currently face and they won't go away.
2 main reasons for the rise today, not RCH specific:
1. The strong update from Meta has given markets, and growth stocks especially, a massive boost
2. Bank of England saying inflation has peaked and recession not expected to last long
I have 10%+ gains across several shares in my pf today, Reach being one of them . Expecting further upside from here as the new bull market continues Happy Days :)
Take over coming (see FUTR sp)
Pension fund deficit gone/hugely reduced (see interest rate rise)
ii taking notice of dividend yield/fcf/absurd p/e (too obvious)
my gigantic buying over the last few months (most likely :-) )
US expansion (not sure if a couple of recent graduates going to the US on secondments are enough to increase the market cap by 9-10% in a day)
Any others?
GLA
GS
It is , I may be well of track NWOR price is going up and Future, 1st NW is still within time to have ago again at Reach for a bid, and Future talked-about a year or so ago about buying a newspaper. No smoke without a fire, Joint bid one looks after the news and one looks after the digital,£3.50 starting bid, just speculating. Especially if the pension has finally been off loaded.