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I suspect job cuts will be encapsulated in the statement
"....we have launched a simplification programme to drive efficiency and support further margin expansion"
No capital allocation until 25.
And negative FCF for year end.
No mention of job cuts though.
WG. First impression is that their recovery is on track, perhaps a tad, ahead but the old problem cash flow is still there. We knew payments had to be made but now there is a self investment (improvement) programme which in going to require cash before it starts to save money. I will come back if there is anything worth saying after the video presentation at 9 a.m. I see they are getting a new CFO.
Buying any dips.
We are therefore upgrading our outlook, with 2024 guidance now towards the top end of our medium-term targets and 2025 expected to exceed those targets. Ultimately, our priority remains sustainable cash generation and we expect to deliver significant free cash flow from 2025."
If you want a laugh, check out the CNN fake news on Trump - not going bust today or any other day. Another Donald win.
Puns most welcome to cheer up a dreary Monday morning!
Yes, not comparing org's here, just how even a positive results RNS leads to chaos at the moment. Fingers crossed Woody will surprise tomorrow.
Think PRU is based on China outlook and OCDO is a basket case (excuse the pun).
GLA
Judging by recent RNS' from other companies, even a positive result will no doubt see -10 to -15% (OCDO, PRU etc).
Should be a fun one, especially if the improvement is confirmed. 120 or 170p place your bets.
Standing by ready to add or trim as usual. Good luck all.
@ Asleep
FYI
https://www.shiftingshares.com/what-is-an-uncrossing-trade/
If a large fund is buying up shares to add to its portfolio, that's good news isn't it?
What's the story with them? Sorry not up to speed.
Probably Fidelity?
GLA, whatever happens on Tuesday!!!!
Somebody is confident at £1.45.
@Aucuba
I hear you too.
Many stocks retrace, from last November the stock market has risen and floated most boats but shares move indivually not collectively. I called s&p 5k and Dow 40k about 8 months or more ago. Check back. This creates opportunities. I now call for FTSE 8600 as the US cools off though that move is not yet finished.
Some like RR. took a long time to bottom and plenty of opportunity to gain a foothold though not without ri sk at the time. Now RR. is in a different phase. WG. Is still in that ebb & flow, disrupted by the Apollo bids.
WG. Will get through the bottoming to. No need to avoid stocks that fall. Just believe in the recovery and give it time.
WG. gave several false starts and yes luck played a part with the Apollo bids, however the snooker rack system leads to adds and trims and that protect the downside, rather successfully allowing the option to remain in a stock even after a shock drop.
All I try to do is reply earnestly to genuine questions and will not be swayed by derogation from others (not talking about you).
This may yet have a profit warning ⚠️ which will be an add if it happens. I prefer to believe that next week will be positive here but either was will add & trim as usual.
GLA, great weekend.
Mx
Dedino
Trying to answer a question honestly. You should try it.
It’s probably sold off ahead of the announcement next week
Mary no one is buying your theory mate, you do love your sound of voice ,lol
Dropped to fill order? Gla
Massive bonus’ just paid out
End game in sight
Shareholders will get fk all
Yes Mary but ..... it was 176.40 a month ago!!!!
I hear you about averaging down and "free" shares but I submit that's down to luck more than anything else. Playing that game with this one is like trying to catch a falling knife. Its down 6% today and by any measure that's dreadful and could be setting them up for another bidder who will offer less than Apollo and the BoD will not be able to simply push it back again. The BoD are not delivering and will not be trusted if another bidder throws their hat in
The board will walk
RI or Apollo may be approached to save them on the cheap
Guess they need a recapitalization
@ scott240
How so ?
Was 117p at a point in Jan 2024 and sub 140p last week?
Traded these shares for long enough to bring my average cost down to below £NIL.
Basic / crude example
Buy 20000 shares at £1.05 (Oct 2022) Cost £ 22,056
Sell 12000 shares @ £2.25 (Apr 2023) Proceeds £26,405
>>>>>Remainer 8000 "free to me" shares PLUS £4,349 cash. This is how
This is a Core holding that can be added to on a pull back or reduced on a further rise.
The above is only an illustration. (NB there many more trades to achieve this position as well as well timed purchases and sales and a bit of risk etc.)
Others record it differently as I am sure they will tell me.
[Stockholding 8000 @ £1.05 - Gain £13,171.40 as per SA return]
The method is useful to make quick decisions to improve when the tops and bottoms of ranges are hit.
Enjoy your evening.