Member Info for barchid

Dave

I agree, there is a consistency in their brief & not terribly illuminating updates, which is less than encouraging, it is a surprise to me that they are guiding us lower as you would think the interest rate hikes would have taken up the slack in less activity.

As to the rise in costs re the investigation of the trusted person, this is a surprise that we weren't guided on this earlier than now.

All in all a disappointment today.

Dulyred

You are quite correct in thinking that Amati will likely sell some more, imho.

Reason I say this is that they recently had a vct portfolio manage (1 of 3) to leave and to "stay at home looking after the children" & she was always giving a bullish impression of this & a few other under performers.

It seems Dr Jourdan is taking a more pro active role again, as well he might with a large personal shareholding in the vct whose nav has halved in a short space of time, & that would reinforce your thoughts.

I am certainly not saying he will sell the entire holding but when they do sell in these underperforming stocks 20% is quite common.

Not saying it will mean he will keep on selling but certainly not to be dismissed on past performances.

I see the RNS today shows that Amati reduced their holding, they were one of the original backers of the flotation.

Anyone else seen the RNS today giving directors awards for their efforts last year and this year ?

If it was a plan connected to the SP we might be getting some money back.

How can they seriously be given awards on their performance?

I am flabbergasted.

Well they have had a serious hit again today, despite being long & wrong I felt I had to buy some more at just under 72p.

Fortune favours the brave (I hope) !

Onsolid

Sunday Times ran another story yesterday on BOO as well, which is that BOO suppliers are having their credit guarantees halved by at least one guarantor, Allianz.

This indicates that they are not confident that BOO are as credit worthy now as they were, which makes a bid for REVB much less likely & indeed could encourage a sale of their stake in REVB in order to become more liquid.

dyor

I thought these looked encouraging, certainly no shockers in there that I picked up, trading volumes low, as we guessed, but made up for by higher interest rates.

Stuart

Given the time this is taking my best guess is that the 3rd parties who use Jarvis platform & clearing etc under their own name are causing this issue. If, for instance, one or two of these 3rd parties were a little sloppy with selecting their own customers this would flow back to Jarvis hence the need to look right through their systems & into 3rd parties.

If this was a JIM only issue my guess it would have been cleared up some time ago as from my experience they KYC, but it is much more difficult to if the customer has been approved by a 3rd party.

Just my take on this but it seems logical.

Surprisingly though there still appears to be an unfinished seller, when the price was showing 17-18 on Friday I picked up stock at just over 17.2p, as did others looking at the live trades.

Alfredo

I was given a phone call about February as I had been told before Christmas how valuable it was likely to be !

Things are never quite what they seem in Mercia land, hence my considerable cynicism...

Alfredo

I suspect that you are spot on, clearly Koch appear better at this game than Mercia are.

Scharnhorst

As an eis holder in Sense bio I totally agree with you, they certainly suckered me (some years pre covid) & looks like they suckered themselves during covid.

Divi less than generous too...

Phil

You & me both !

Old

I fear you are correct, they definitely had a focus on gaming, which must make us wonder how astute their stock selection really is ?

Lejib

Spot on.

A perfect observation !

If people post on here news is much better than history, sadly some regurgitate history pretending it is news, presumably for their own agenda ?

Thevid

Sadly I am long & wrong, but still hopful !

They are still offered at 86.7p.

The 2 trades at 88p of 150k each were yesterday, so not wonderful.

They go XD next week

Shape

I agree with you, the real fear here is interest rates and despite posters saying they won't be high for long rates always tend to stay higher for longer in every cycle, what's worse is they are almost certainly not at their peak yet.

The other issue is the Pub itself, younger people often prefer recrational substances (if you want to get stoned these are way cheaper than alcohol today) or also many are now totally teetotal. So are pubs ex growth ?

They certainly appear to be in large parts of the country, if this spread to MARS country it's hasta la vista.

Against this the SP is so battered down here they are option money, if I were a shorter which I'm not but I often was before retirement from the market, I'd be scared to go short here just on the upside downside risk.

When I was first involved with this stock it was so comfortably ensconced in the FT250 that nobody would dream that one day it would be out but that is where we are today, relying on hope & charity, (I suspect more hope than charity from this board)...

Writing this the live price is 26.85/27p so the mid price is under 27p.

This really is down to option levels, I'm not sure how much more bad news is needed to bring the price down further but for punters who play options this stock must start to be appealing.

By the same token for genuine shareholders it signals more volatility, the big risk being the banks who fund the company and property valuations on the downside and an opportunistic cut price bid to put shareholders out of their misery on the upside.

Frankly I don't have a view which is more likely but down here more volatility seems a near certainty.

This uncertainty must be dreadful for their employees, I wish them well, they could easily be the biggest losers here, let us hope not, for their sakes.

Claire

Welcome back to the board, I trust your trading has not affected your judgement, but really, these directors are not exactly committing much capital in buying that number of shares at current levels, are they ?

You say "now a take over target" but the brain dead RF (super chap according to super discharger) turned down 106p so it would indicate that we have been a takeover target for quite a long time, not just now ?

WRT the mcap & brewery valuation, to most peoples minds is the valuation of the freehold estate fair or not.

Can it really be as high as stated in the last accounts in current market conditions ?

I come back to whether Mr Market is normally right or wrong ?