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A bit of sustained buying would see this in the 25’s - I’m hoping for that today

This is a great post. As previously stated (and remembered by one) I exited in the low 4’s after joining at 2.95. Frustrating share this one and you can already see that some people are losing their nerve. I’m watching and fear I will miss the boat tbh but we will see. GLAH

You talk a lot of rubbish don’t you Jed?

Please note - whenever I post sensibly the SP rarely increases :-)

Lordy2020,

I agree with you completely in as much you have stated facts as to why we are where we are. This will indeed climb slowly as it’s leverage decreases and it becomes a less risky proposition. I would argue though that it’s SP has been hammered (along with the majority of others for COVID19 reasons and what we don’t know is if this has actually had much of an effect. For me, I have retained my insurance and wouldn’t think of forgoing my roadside assistance for anything. I therefore believe the COVID effect on this share will be less than potentially others do.

With this in mind and a far superior recent trading RNS which alluded to increased business and available cash - I think this should be trading around the 40p mark and then slowly build up from there.

So I still think this is one share that could rerate significantly in the coming days and then build.

Fair post tho,

GLAH

Matt

Where did Pascha disappear to?

Agreed. Should be a great day

Looks like oil might take a hammering today - hopefully not this baby tho. Looking forward to a strong day. Seeing more people on the roads now (rightly or wrongly) and more AA vans on the m25.

GLAH

Not anymore.....hopefully will be support if needed - think it will keep going now though....

GLAH

Matt

25p? I’m sorry but that’s dreamland - at today’s price he would’ve almost quadrupled his money.

Afternoon,

This may have been posted already but from shorttracker.co.uk ennismore have reduced their short by 0.48% taking total declared short positions to 6.22%.
This is pretty significant - if less are betting that the company will fail - it’s usually because they know IT WON’T.

Enjoy the afternoon,

Matt

Can’t disagree too much there - still a lot of interest here though and this is only slightly off the all time low. Any flurry of buying and the herd will arrive. 22-23 finish for me

GL

I think that big £64,000 sell has pulled it back so the decent re-entry point is here. Those that locked in gains a couple of days ago (stupidly I wasn’t one of them) - will I think start to pile in now.

GLAH

Pleased to see that. I can’t help but see this as an outstanding recovery play. The company is extending its debt maturity profile, increasing profits and the insurance arm would appear to be increasing rapidly.
My logic is that their product offerings are simply not the sort of thing you cancel at a time like this.
You might look at your tv package and say - we need to cut this, but insurance? Nope. And roadside assistance is just another insurance for me. Last thing I’d want to worry about is a breakdown and not getting to work in times like these!

GL

Certainly looks like we are seeing “higher lows” throughout today. Looks likes 23p finish for me but certainly 8-10% higher than where the SP is now.

GLAH

Still think buyers will be back very quickly. It’s a hold for those that see this as a recovery play - fascinating the drop off in chat posts today tho :-)

You positive on this share then Zengah?

25p paid!!!!!

Thats the most helpful thing i've posted here and i've left :-)

Re: VRE - don't be to despondent. They have 1.29million euros in the bank at year end 2019 and with a burn of 200,000 a month have enough cash up until the middle of July. My guess is there will be a placing imminently if these so called rumours aren't substantiated.

Miss you