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Had to look up what LOTM ment.... going down but keeping them, long run, will wait a bit and see if I buy more when it drops. I saw China is going up a bit this month ( no more decline but growing), if it continues, then chemicals will follow in a few months....
Howdey
You called wright on Friday. Bought some more SYNT. I have averaged down to 149p and holding more shares than I comfortably with.
The other day i posted, said i was waiting for 27-8p. I had a light bulb moment and bought some more. Held back from selling on Friday. Still waiting for 27-8.
FCH, only just noticed them, I didn’t see anything. If you had them on results day. Nice shootun cowboy!
That's the spirit WT. I went for ITV this morning as DARK got away from me and ITV was only up about 5% on buyback and divi.
Results which have been coming through are generally positive and nice to see BODs are seeing buybacks as the pathway to value.
When it comes to SYNT ... I am taking the view not to buy more however attractive it gets before Tuesday. 2024 could well be a forecast of more revenue drop which will impact that EBITDA line. They have no way to defend the SP and with the Malaysians holding so much it's not really a business open to be acquired by anyone but them.
Hi BH
As a war torn veteran, SYNT could go to 160p or drop to 120p
Hi JW
Dumped the rest of DARK. You can always buy back at a lower price. Was gifted 888 this morning, sold first thing at 85p. Bought back later at 82p. I won’t be to smug. Pride before the fall and all that
Hi LOTM
I will post this weekend.
Well WT, DARK reads well this morning. Really should smash through that 400 which has been a ceiling for some time. A couple to buy at open this morning if train not already missed.
I think the read across from Croda would indicate the demand 'trough' has extended. Should be in line with the update you'd think. What we really need to hear is confirmation that the slackening of covenants has been extended.
WT ... I guess I will add more SYNT on Friday if it continues to be taken down.
I don't hold IQE long. Was all out today to increase cash holding more than anything. It dipped because of Apple pulling plug on a vendor which had little relevance. I just think there's always an excuse with that company so won't hold long term.
Quite a few results tomorrow. Hopefully some reds will change colour!
Hi WalkieTalkie,
So what are you wanting to know with the 2 options ?
Re-investing the cash gives you compound interest rather than just banking the profit.
At the same time you have more cash invested in the company so you have more capital at risk.
If you want as close to free money as you can get just go buy some IPEL offer is due to close in 2 weeks worth £9.50 you can buy them for £8.30 or less & in there is a chunk of 3 year loan notes with 17% compound return (which works out at around 20% PA)
LOTM
Morning all,
Any thoughts ahead of the results presentation on Tuesday? The share price seems to have lost any momentum we had, which I didn't like personally at least. How has this typically traded leading up to results presentations in recent quarters? My personal instinct with question marks about the chemicals markets outlook, is to step aside for now, and hear what management have to say before reassessing. Thoughts from seasoned SYNT veterans?
Hi JW
Where are you with SYNT, sub 145 I’m in. Optimistic with Dark, we won’t have to wait to long results tomorrow. I have been in and out of 888 for the few days, I know you think the margins are too low. But I have a few more shares than I did last week. I have sold a few 888, will be buying back at 83. Waiting for PFC to get to 27-8 range.
Any thing on IQE?. I have had for a longggg time. They are not in my ISA, So don’t trade these
.
Hi WT,
Certainly some carnage out there. Added another 50K of PFC today from 23.76 downwards. Topped up FCH and added THG. Exited FRES and a little OCDO and IQE. Sat on some nasty red numbers for the minute with a little cash still available to add to PFC if they succeed pulling it down further.
Portfolio value has certainly taken a pounding over the last week or so. Hope it's not 2023 pt2. Anything I'm holding long is just bleeding and none of these quick trades can recover that number.
Of course funds will be selling what they consider lame ducks this month so should be expected I guess.
NASDAQs going mental so DARK might follow down tomorrow. I didn't catch the Crowdstrike results for any read across. 335 is my number on DARK but I'm light on powder at the moment.
Howdey JW
OUCH! Is this a pre budget thing. Or the market getting nervous about the dizzy highs of the Dow. I have a lot of red in my account today. But I did buy sum more DARK. You probably already know they have results this week.
I have a eye to buy DARK, PAY, PTAL. I don’t think PTAL will stay at these levels for long.
Happy hunting
The maths is a bit off
Sell at 103p £3333 + 3% = £99 = £3432
Buy at 101p £3432 = 3398 shares
Sell at 105p £ ? + 3% = £ ? = £ ?
Buy at 102p £ ? = ? Shares
Sell at 106p.£ ? + 3% = £ ? = £?
Keep going all the way up to 147p
Second calculation
Exactly the same amounts, but this time you trade the excess shares. So second purchase at 101p £3333.00 + £33.00. Third purchase at 102p, £3366. And so on all the way to 149. This time you are calculating the the excess shares.
I don’t know the answer. Open to all
+ 33p
Hi LOTM Blacksp1der
You are buying a company called Sinkholer 10k at 100p. In a years time the SP hits 150p. You start trading 33%. Second purchase 101p which you the sell for a 3% profit. Third purchase 102 which you then sell for a 3% profit. So on, up to your last sale of 149. You keep the access shares of the 50 deals to add to your position a total of 50 buys and fifty sells
Hi JW
I have been in and out of PFC, SYNT all week. If a load of shares come to the market weather it is a placing or being dumped on the market, it’s usually a buy for me.
Hi LOTM BLacksp1der
Nice to see you back, I have some maths homework for you at the weekend, if you’re up for it.
Hi WT,
Yes PFC could be interesting but I’m watching IQE. Bought a few yesterday and will add on way down. Also grabbed OCDO…madness some of the stuff going on.
Lotm…like you I was just watching SYNT but when it went below 145 yesterday it seemed a bit overkill. Of course it could get worse today but it all seems to be done on no volume. Croda said demand trough still in place so assume it’s just a reaction to that.
Howdey
Wrong board I know. Did you notice 15 million shares traded PFC last thing. It’s going to be volatile Tomorrow, anything?
Hi joseywales & Walkietalkie
I see your both still trading SYNT.
I'm just sitting on the sidelines for now as far as SYNT is concerned, clearly £1.49 wasn't the top.
GLA
LOTM
Should read 143p 147p
Howdey
It’s been a bit quiet on this board, probably a good thing with all the rubbish that’s posted
Bought PFC yesterday at 27p, sold this morning at 28.5p. Bought SYNT twice this morning at 47p and 43p
Is that salted or reduced salt Lurpak!
Well at sub 145 this is interesting. Such low volume driving it as well. Added a few. Assume this is purely off the back of the US data likely to be somewhat disappointing. Probably just need to re-adjust to an acceptance that higher rates need to remain until Lurpak is back to £3.00 per 500g.
I looked at some news this morning and now can’t find it, any news on SYNT debt today?
There have been two company’s mentioned . FRES, CRDO. I gave these shares the once over. Both of these shares could gain prior to x div. Then who knows!
Hi WT,
Got 100% out of DARK at 350 so lost the 10p extra per share it went to. Bought some FRES this side of results which come this week. Not sure if it will go lower but will add and build a decent size holding. Would expect some fast change there over the summer if not before.
Still don't have the confidence to top up here but do think GMHK is right on it's impending charge. Just needs the covenant extension confirmation.
Do you calculate your avg or do you just follow the brokers avg, because the brokers avg counts for nothing.... every broker has a different way of calculating avg... some do it right, some leave out all costs and taxes, dividends...
hi gmhk
i’m doing something wright. sell high. buy low!
hi blackspider
you remind me of someone that used to post here. the maths is commendable!
hi sher-lock
no **** sherlock