Total
I must say I admire your confidence ; since you posted them as a "strong buy" at 63p on Monday they are now down 8% at 57.9p & you now say "looks like we have found the bottom".
A nice puff on Monday but it has lost a bit of credibility by Wednesday.
Frankly anyone who thought they know where the top is, where the bottom is or even where the stock will be in 2 days would not be busy posting here would they ? Still you know that really don't you...
Golden
No, K3 is not on my list but tbh why I am in Mercia is because I have eis' with them & saw what I perceive to be value in their balance sheet, not a particularly inventive way to pick an investment but I do like buying on large discounts.
Total
Why not just post Marstons are cheap today, cheaper than yesterday ?
Superdischarger
What a pleasure to see your return to this board as the great contra indicator with a poor memory of your previous posts, the only thing missing from you are your previous nocturnal ramblings which were presumably the alcohol fuelled thoughts from a Tesla in the wee hours.
CAR3Y
I have to say that I first invested in JIM some years ago & one of the reasons why I did so was that I was very impressed with the service they gave me, over the years I have continued to be pleased with the way my accounts are handled so your thoughts come as a bit of a surprise to me.
Compared to other platforms which I, or members of our family use, I think JIM are superior, so I can only speak as I find.
Morbox
I think you make an astute observation here, and as they have barely moved from yesterdays close I thought that rather than reinvest next weeks divi next Thursday when most other people will, I did so this afternoon, it was just too tempting...
Mac
Yes, I & I'm sure many others, are very cogniscant of Findlay not even giving the appearance of exercising the due diligence which he was well paid to do, but just kicked it straight into touch.
He was also largely responsible for the debt mountain we now have.
Amazing the lack of comment on this board since the divi was trimmed by 0.5p.
This silence indicates to me that perhaps now is a decent time to start accumulating again, when the stock was 300p there was every bullish forecast under the sun here, now this silence could be a reverse indicator.
Gents
An interesting Edison review today comparing various direct ways in to PE/VC & Mercia comes out as a potential dark horse with a discount to their nav of 42p against SP of 32p is almost 25%.
Given it paid a divi last December it might well be worth a dabble. FWIW I have topped up.
dyor as ever
Trent
Have a great time in Greece, happily when my kids were at school the out of school holiday breaks were normally done on a nod & a wink, these days of box tickers things like that are ancient history.
A shame...
Keepwell
Rgds
Ladies & Gents
I trust you are all keeping well ?
I've not had anything to say here for a while hence my radio silence but I am in the process of organising a post covid p*ss up with some old mates and thought of having our first livener in Pitcher & Piano, Cornhill branch, website says opens at 10.00 on weekdays, never been my favourite watering hole but the timing was perfect, so on a belt & braces approach I called them to make sure that they were not just serving morning coffees then but was told they do not open until noon. "But your website says 10.00" I said.
Yes, it's wrong, needs updating, was the nub of their response.
Now this might strike some people as trivial but it does show sloppiness in management if they cannot even put the correct opening hours on their website.
This is a chain of wine bars which pre covid etc they could not sell even at a substantial discount to book value, investors might recall. So now having got their valuation too optimistic they do the same with their opening hours, a bit shambolic ?
Way
I also bought 2 top ups today in DLG at different levls, I think it is astock that people talked up about going in to the ftse which they could have & were buying shares in anticipation, like tracker funds for instance, now lots of this speculative stock came out into the market after the trading update, which imho was not that bad & the headwind of the new rules were as well known a month ago as they are now.
Given a raise in rates and the political situation it is unsurprising that they have fallen, but it is times like this when you can pick up good companies cheaply. At todays likely close of about 232 it gives a yield of 9.75%, which ordinarily is a real warning signal but DLG have the cash flow to cover this yield.
All imo etc...
Trek
Yes indeed, AJB, despite the SP fall posted some encouraging (I thought) growth in numbers yet the SP went down.
Jim, of course, has the much bigger yield and is also paid for acting as compliance officer for various other businesses, which is pretty recession proof these days and not entirely dependent on platform turnover. Additionally with interest rates going up they can put (other peoples) cash out on deposit for their own advantage which again is money for nothing, potentially.
A nice little uptick again today which is pleasing for all holders.