Member Info for Archy147

Hi damofarl, I just wanted to say thanks for your informative and interesting posts. I think its great to hear someone's investment strategy laid out and you've given me a few ideas to think about there.

I also consider myself a contrarian value style investor. This has paid off well in the last few months. Also, happy with my holdings in FAIR and TORO which have held steady over the same period. I can see myself moving more funds into this arena when my other (mainly FTSE-250) holdings have run out of steam (think they have plenty of gas in the tank yet).

Other high yielders I'm in that I think offer great value with large discounts to NAV are POLN and RGL.

Count me in too. I can't see any good reason why this should trading below its covid low of c140p.

A reasonable target price to me looks to be around 200p, which is got to - and exceeded - every year from 2017-2022

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 :)

Yep, remarkably, despite the rise, this is still massively undervalued

I've just sold in to the rise. Really like the company, hoping to buy back on a dip.

lol how silly was that drop. This remains great value, covid low was 91p!

Ps Mary, we seem to be in a lot of the same shares. I think we may have a similar contrarian approach. I'm always scanning the tables for the largest fallers (whether it be the last day, week, 6 months or a longer period) to sniff our buying opportunities. Do you do the same?

Talking of the "professionals" this article in IC (relevant extract copied below) lists 888 as one of their overall favourite picks for 2023

A screen of the brokers’ price targets for the 400 biggest UK-listed companies reveals they are most bullish about a rebound for air services company Esken (ESKN), formerly known as the Stobart Group. Brokers’ consensus price targets suggest a 230 per cent upside for its beaten-down share price (although its losses are only forecast to get bigger). Other favourites include contractor Kier (KIE), gambling company 888 Holdings (888) and greetings cards maker Moonpig (MOON). By contrast, brokers are most bearish about German tour operator Tui (TUI) and Chilean copper miner Anto***asta (ANTO).

https://www.investorschronicle.co.uk/news/2023/01/27/the-shares-brokers-are-backing-this-year/

I'm back in too @77p. A 25% drop on todays news looks overdone.

Covid low was 81p.

Hardboy you did well getting 94, I was a bit slower off the mark and got out at 89.

As always, the market always over-reacts to bad news. I will be buying back in when it looks like its stopped falling.

You got your wish volcano, can you ask for £2 next week please lol

Growth of 68% sounds pretty good to me :)

Yup I bought in here today too. Didn't realise it had taken another beating down after the DLG update. Feel its now ripe for a recovery play.

Well done cookie .I holding on for more (much more) but always good to have profits in the bank.

Me too. This is the best opportunity I've seen on the market for a multi bagger

There's no overshoot on the upside, this is due a return to 900p+

Holding is a wiser move than attempting to trade.

I'm in too. Expecting a recovery here - agree the drop looks overdone.

Also tempted by the drops here. Have been reasrching over the weekend and am still on the fence. Agree with candid, am pretty sure current price will prove a good entry point for LTHs. But also think weakness could continue for some time and there is the adage about profit warnings coming in threes (two so far).

I did find this comment in the Update odd: " weaker than anticipated US DTC trading, in part due to unseasonably warm weather". Does this mean that as the planet continues warming, and we get more and more warm weather, demand for Dr Martins will naturally decline??

It's a tricky one isn't it. After such a sharp rise, a pullback really wouldn't be surprising.

BUT in the medium term, this is surely heading back to 300-400p. I've trimmed a little bit to avoid OTB becoming too overweight in my pf, but the large majority I'm holding as I'm expecting a further 100% upside from here. Patience is the key.

Back to 400p, here we come !?!

Don't think you're going to be in luck saintly

Today the market seems to have woken up the fact this is seriously undervalued. Target is a 50% rise by the summer.