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Yeah I am expecting near 40p next Friday - gonna take a stab at 41 or 42p
Maybe wishful thinking.
My long terms plays are s4 capital and 888
Medium term is Halfords -absolutely love Halfords.
But hey -what do we know
Be lucky
Hi PI I’m going to stick my neck out here and say that this will be 35p minimum after the next trading update next Friday. All IMO of course and just a bit of fun.
Finally bought into ITM power just before close of play today. Doubt I have managed to find the bottom but at £1.15 I’m happy. If it drops tomorrow i will buy more.
No sells in the past 2 days trading - expecting a re-rate once we get the corporate news next week
The usual ridiculous spread at work.
I’m a glass half full kind of person and saw a lot of positives from the last update. The cash will have reduced to fund the IT improvements mentioned in May ie
“The cyber security incident in April 2022 had a limited impact on trading, but has prompted the decision to significantly speed up the implementation of plans to strengthen our IT security measures.”
That won’t have been cheap but certainly not £16m!
I also saw the “new committed £30m bank facility, extended to November 2025” as a positive statement but my guess (judging by the drop is share price) that a lot saw it as negative?
It didn’t mention that any if this has been drawn down so that for me was good management.
Ha ha yes that was funny HB I think we are being stalked! Nothing wrong with your 3500 purchase - well done. Everything is relative, me and PI are OLD!
Hi Roxbury I hope you are well, the 3,500 after yours was mine ha ha oh well we all have our limits. I was only saying at some point that this chat forum only had genuine shareholders on it and then who cropped up ? You guessed it was out friend Simes? Where did he spring up from.
I have read through that RNS several times. They did not mention the cash in the Bank as someone mentioned, also the only bad news was that the Ebitda would now be 16.5m and not 15m, so the interest will be more over a longer term. But having said that it did not justify the SP to fall from 41p to 28 While the year 23 results might reflect higher running costs, heating and inflation, as we all know inflation and economic trends change like the weather, so taking into account the 2.4p dividend I think the shares are excellent value and worth more than 40p Card Factory are 45p today and Works are 29p a difference of 16p these two businesses are generally no more than 8p apart and have a similar customer base.
Lets see what happens in Sept 22nd
They reported cost of living from the customer side but didn't discuss the cost of heating and lighting going up in their stores in their August update. So maybe the missed positive cash in the bank remark could be relayed this time but be counter balanced by them reporting in Sep, that they will face challenging variable costs due to heat and light charges.
But hey they don't have debt and have cash in the bank - so hopefully an uplift
Excellent, the 72,792 & 27,708 bought straight afterwards are mine! Meant to buy 100,000 and got my numbers mixed up. Ha ha
I’ve managed to convince myself that it was a genuine mistake in the last RNS that The Works didn’t mention the £16m+ cash they have in the bank.
We will find out next Friday (23rd) - fingers crossed.
Those 63,836 shares purchased at 4.23 today are mine.
Should show up soon in the Share Trades
Will buy some more tomo prob.
Cheers Rox. Will await the news
Btw get into Halfords asap.
Got in at £1.27 two weeks ago.
Also fancy Marston's, dip has gone as it had a bounce but with winter to come expect a drop back.
Hi PI and Welcome (again!)
The Preliminary results for 6 months ending 31st July 2022 are due out 2 weeks tomorrow (Fri 23rd Sept).
I think it was a genuine mistake that they failed to mention the current net cash in the last Trading update (8th August).
Everybody assumed the worst but it wouldn’t surprise me that it’s still around the £17.8m mark but hey maybe that’s wishful thinking!
All IMHO ofcourse but not long now.
Wow - another opportunity at the Wrks.
Small buy this morning but will be watching
V interesting - pause for thought. He crossed the threshold on Friday which may explain the one day mini bounce in the sp. I don’t claim to know if he i s right or not, time will tell…..
Interesting for 2 reasons. Firstly I've been a shareholder here for a couple of years and don't understand why the price is where it is. Secondly I was at school/ college with Graeme for 5 years in the '80's so I should perhaps track him down and ask him myself ( we were in the same year and class for a time and I haven't seen him since a school reunion about 14 years ago).
He’s now retired from the city and become a private investor.
Friend of Mr Hoyle.
Interesting day tomorrow perhaps ?
https://www.cityam.com/charterhouse-loses-seat-card-factory-board-after-selling-stake/
The very man
Yes I think that is the Graeme Coulthard which you mentioned. These shares seem incredibly cheap I bought a few more today at 27p. Theworks is normally about 5 to 7p behind card Factory, but after t5odays fall they are 17p behind. They have no debt and they are paying 2.4p in dividend, nearly 10% yield.
Could this guy be the very same Graeme Coulthard - Partner of Private equity investment firm, Charterhouse Capital Partners LLP, who became a non-executive director of CARD in 2010 when Charterhouse acquired the business. His resignation followed the sale by Charterhouse of 4M shares in 2015.
He must have seen an opportunity in WRKS too good to miss at 28p (ish). Looks like this could be of strategic importance to him and it's the right side of Christmas too. Hold onto your hats!
Looks like someone went above 3% according to the RNS.
And some based on being dull tedious monotonous tiresome bores.
There is no such thing as rampers and derampers. Just opinions. Some based on knowledge. Some based on dreams.
What I like about this board is there are no Rampers vs Derampers just honest chat about this company. I often have a look in Card then Shoe zone and Works, I find works have a nice steady turnover and the product range has improved a lot. GL
Would really lik to be greedy with this but risk management...
Insiders having been purchasing a lot lately.
Strong balance sheet provides some amount of staying power.
I just don't see how this doesn't work out at some point. Fingers crossed.
All IMO ofcourse but very difficult for them for them to not pay the 2.4p dividend for FY22 because they have already (moreorless) said they intend to.
60m shares in circulation x 2.4p = £1.44m
They can afford it this year but not sure if it’s sustainable we shall see.
Hi Roxbury thank's , yes the sells and buys are close togeather. I bought another 2.5k and that went in as a sell also. Made quite a loss on here when it plummeted, so have averaged down. With the Directors buying some regularly as they are I can see some upside here. Works is well run IMO and worth 50p + then the 2.4p dividend if they pay it that's a yield of 8.5%