Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
It makes you wonder why they rejected an offer of 33p and instead chose to ask shareholder to stump up extra cash to buy shares at 15p
Seems to me the Directors have been acting in THEIR best interests here not those of their shareholders....
nomlungu the point the company makes is all this difficulty in enforcing debts means more business for them as they hoover up all the debts that other institutions are struggling to enforce
Its amazing quite how bullish they are on this point, do people here believe them when they say the current situation is going to create a once in a lifetime opportunity?
Totally agree aboutv the value here
As stated back in May, this is the one of the best opportunities on the market for a multi-bagger.
Great bullish statement from the company too...if they're right, this isn't just going to recover to pre-COVID levels, its going to completely bliz them.
Hi guys have dipped in here at 147p, which, being a snooker fan, is also my lucky number.
Attracted by the low price, which is not only at a massive discount to the pre-covid price of 440p, it’s also a massive discount to the POST-covid max price of 273p.
Feels like a bargain whatever way you look at it.
Yes we got pulled up by the good news at Amigo today
Whilst I welcome going in the right direction again, its clear that it had been goings on at Amigo dragging us down before. Don't particularly want IPF to be swayed by the fortunes of that company, would rather they were judged on their own merits!
Clearly the market doesn't consider it to be safe as we're trading at just 33% of the value of 6 months ago.
If you want a chance to triple bag though I'd say its a decent bet. I can't see any weakness in the company personally which is why many of us are a bit stumped as to why its done nothing but go down since the postive TU a couple of weeks ago.
I guess at this price you pays your money and takes your chance.
I can see that may be factor Mathsman. Can only imagine it’s negative sentiment towards the sector generally dragging us down.
However, NSF have never made a profit, we’re making over £100m a year here.
If anything, a competitor going down the drain should be beneficial in the longer term?
Strnage going s on here when the recent trading update was very positive and even on an up day for the FTSE like today we still can't manage to turn green.
Still, like others, i remain confident the market will eventually "catch up" here and we'll see this get back to the £1+ territory where it should be.
Bit confused as to why this isn't surging ahead in line with the rest of the travel sector?
I bought this share specifically for the (inevitable) recovery that was to to come. Now the recovery is happening and MNZS has gained just a fraction of other companies in the same space.
I’ve bought in today too.
This looks to me like one of the best opportunities on the market for a multi-bagger. They have a temporary issue to get through with continuing collections from unsecured debts during lockdown and the risk of breaching debt covenants. But after that, with the looming recession, they are going to be awash with business. As they say in their trading update, they are perfectly poised to take advantage of the forthcoming economic turmoil as more defaulting debts = more business for them.
This seems like a great play. Good luck all holders.
Gys any idea whats going on here? This share has done nothing but go down since I bought in a week ago, whatever the direction of travel for the rest of the market.
Divident yield one of the best on the market over 10%, PE ratio one of the lowest on the market at under 3. Strong balance sheet and little risk of them going under.
What exactly have i missed??
Nopes - you said there would be a BIG downturn.
FTSE is down 1.3% as I write, that’s a tiny fall by current standards.
I think the best advice I’ve read amongst the current craziness is don’t attempt to call the bottom, just buy value and stick with it. Frustrating if it turns out you could have bought at (say) 10% lower, but it’s the long term 100% upside we’re holding out for!
Has anyone any idea what is going on here. We have a well managed bank, with a 6% dividend yield, that has grown revenue and profit every year for the last 5 years (at least), yet the sp is going backwards and is trading on a PE below 10. Am I missing something?