Member Info for barchid

Sorry, arrived on wrong board, my fault.

Interesting TR 1 this morning, raises hope a little...

Mary

Very brave !

I ducked out the day they came out with their bombshell results/divi passing announcement, & keep looking for a time to re enter but to me the divi was the big deal & I was fool enough to believe the board's assurances in November that the divi was safe.

Hence my dubiousness, an ex holder looking if I should buy back in, but not yet, imho.

Krusty
I largely agree but am going to start at 18 if I can, I put a limit on for that this morning, currently offered at 18.47.
TBH I am in a sweet place here as I made 2 sales around the 34p level having bought in at start of year at 22 ish.
The sales left me with a nominal holding so it is those 2 sales I'm trying to get in cheaply.
I might add I normally sell too soon and then wonder why I didn't sit with the stock but it moved up very quickly.

Sisyphus
Congrats, you called this one bang on (so far, long may it continue), certainly looking more promising for happy holders this week !

Oldbut
I know the feeling well but Singers put out a bullish write up on them post this announcement, where there's life there's hope...

I think you are right, sadly I'm long & wrong !

Krusty
I think your reasoning is sound, this is a risk when dealing with the public sector, but I still believe the board 's story/explanation, and also the fact that they are seemingly building a steady business for the future.
If they go under 20 I guess I'll be tempted again...

You certainly called it right this week, we keep our fingers crossed for next week, but soon coming up to the half year figures aren't we, end of May ?
Should be interesting then.

So it appears that about 200,000 shares were sold by a director to cover his tax liabilities, after some of his shares vested according to an rns today.
There certainly was a persistent seller this week.
Nevertheless the modest bounce back is reassuring to me as when you keep averaging down each day you, (well I do), start getting rather windy...

Well the volume is good in the first 20 minutes & all trades appear to be between 89.7 & 90.5 which is a much better start to the day than we have seen recently.
Long may it continue...

Stock or knickers to bounce back up ?

I do very much share your analogy of elastic, but having been an active buyer these last few weeks I do hope the elastic does ping back unlike the proverbial broken knicker elastic !

Not wishing to be a PMI bore but this drip drip drop every day is becoming like Chinese water torture.
The only upside for me is that my limit at 89 was not filled last night so I only had to pay 88.3 today...
87p tomorrow I wonder?
There has to be a large seller here because buys are being filled just above the bid price.
But no TR 1 yet.
One thing that gives me confidence is the major shareholders list, always good to see Slater as a large holder on a small company, his record is better than most, by & large.

For right or for wrong I just added at 90.2 with a limit on to buy more at 89.

Gents, thanks for your thoughts, I saw the woodbois myself but assmed the people taking losses on that would be holders of the fund/trust, not PMI shareholders?
A slight reputational risk, sure, but every investment collective has a few duds in it, even Smithson...
My main fear is that, even though I came to broadly the same valuation as Sisyphus, what does bother me is that betting against "Mr Market" is often a dangerous game as he is rarely wrong.
However the more I look the less negatives I can see so I guess I will add again and just hope Mr Market is having a bad day today.

Sisyphus
Point taken but it is the only TR1 this month from what I can see and there has been reasonable turnover most days which makes me wonder if something is going on of which we are not yet aware.
Nevertheless the lower they go the closer they get to the bottom...

In fact perusing the RNS it appears the seller is the Eastgate Court Trust, which is apparently the trust which controls the Premier Miton employee share benefit trust.
It could be that the employees know more than us or perhaps a large beneficiary is raising money for tax etc ?
Sisyphus any thoughts ?

13Martyn
Worryingly I just dribbled in a very few more at 92.3p....
What is going on, must be a big seller ?

I run the risk of being very wrong but I topped up again at under 94 today.
I can not see what is driving this down, other than more sellers than buyers of course...