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My buy is also showing as a sell. Mmmmm
My buy showing as a sell also, the same happened last time I traded here too
What an over reaction this is. Order book down 13% compared to 1 year ago, yet SP is down more than 40% this morning. The Euro has weakened against the dollar but US and UK orders are holding up. I don’t think cash is particularly tight, more that as orders are down revenue will decrease, hence cash flow will decrease, so as a prudent measure to counter this the expansion of the Vietnamese factory and new investment in Portugal are being delayed. Sensible management and IMHO the SP should rebound from here.
Insider trading 19th Oct.
My purchase at 66p is showing as a sell. Definitely in oversold territory, but, hey, this is in SIPP wrapper so no biggie.
Wasn’t left with too much of a choice - averaged down at 66p
This company worth nothing. The CEO owns 20m shares. He gets his good salaries for years to come. Any earning would be reinvested. At the end nothing would be for shareholders I am afraid.
I agree, I still have a small holding here but not adding as their comments about deferring developments indicates cash is tight. I think that it has long term potential, but it is another for the bottom draw for now....
Having been tipped for its recessionary resilience, the SP has been in steady decline. Todays update is poor and thus far it does not appear to be enough to attract buyers for the shares.
I like the business model but the price needs to be more attractive for me to average my holding.
Appreciate that Andreas, let us know if you get a response
I think its worrying that no steps are taken to communicate to the market or support the share price with buybacks (lots of equity can be clawed back cheaply now). I might have got this business totally wrong. If the business if performing ok, then regular communications would make sense.
I have emailed them to ask what actions are being taken to support the share price.
I think it's just wider market sentiment , so many stocks are over 50% down the last 3 months. People moving to cash, nothing seems safe !
I'm certainly not selling my holding now at 115 so it's going to be a bottom draw for a couple of years I reckon. I see this as a very solid business with some good recent acquisitions.
Any thoughts on today's 14% drop?
Can't see a specific reason myself... broker downgrade?
Only thought at the moment is the continuing weakness of EUR vs USD, alluded to in the latest results. But the drop still seems overdone for only that
Perhaps the board need to stop hiding under the table and update its (formidable) investors.
In this industry, no news is generally bad news.
This is truly baffling now. How can it be dropping like this after good results and then no news?
Who the fork is stella?
Expert view gives some flesh on the cause of yesterdays fall (and presumably some of todays)
https://citywire.com/funds-insider/news/expert-view-direct-line-ao-world-frp-advisory-rank-group-and-inspecs/a2395271
Well, the numbers looked pretty OK to me. Sure, the strength of $ vs € put a dampener on things, but I cannot immediatel see provision for currency hedging. Happy to hold and in time, perhaps enjoy the patience from this punt.
Recession is expected to last 5 qtrs. I will review at 3, 6 and 9 month intervals.
H1 2022 (HALF YEAR) Result announced today
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https://www.inspecs.com/sites/inspecs-corp/files/Interim%20Results%20Presentation%202022.pdf
The H1 2022 results looks good to me, most performance indicators are up (both revenue +10% and operating profit +132% for example). I am surprised to see the share price drop by -8-10%, I'd expect +5-6% on these results. Maybe its on the back of the last couple of days increase in the share price.
Too much volume, I think it is more likely to be an II. I guess they waited until the seller looked to be out and then started buying.
I had not seen the articles, added more yesterday thinking it was II's and then wondered if I had slipped up with it just being a response to tip in the Times when that was mentioned, strong buying again today does seem a bit too much for it to be retail investors though.
I have seen that there has been some slowdown flagged in forward guidance for a couple of US eyewear vendors ('Both National Vision and Warby Parker have downgraded their outlook for the 2022 financial year, as strong inflation is weighing on U.S. customer demand'), so I have not gone all in on this, will see what the company have to say in September. The management who bought at 290p in June clearly do not see an issue though.
Much higher volume here than typical over the last few days. Perhaps the couple of recent articles tipping Inspecs have caught the eye of PI’s?
Tipped in The Sunday Times yesterday with the caution that although not recession proof, certainly resistant. Have bunged 1000 into a SIPP for elder son.
Time will determine wisdom or folly.
I was fortunate to get out in April. I have not been following it since but looked at it yesterday and was also surprised by the big drop, not sure if this is bottom but started to pick some up again as they should benefit with more tourism - even those staying in the UK and Northern Europe will be buying sunglasses this year!
The next set of accounts should also be 'cleaner' with the main takeovers behind them.
Your thoughts shared by Questor in the Daily Telegraph. Directors buying shares also suggests this sp a BIG buying opportunity. Spoiler questor has sometimes got it very wrong !