Member Info for blue2guit

But is there any appreciable improvement ?- I'm fed up with companies hiding any bad stuff in exceptionals or non-core or non-recurring etc etc. Start reading a companies reports/results and all's sweetness and light until you get to page 30-odd and then you realise that the company has made another loss, and all is not as it first seems. Thomas Cook did it yesterday and even Wolseley tarted their results up. Half these things are not really exceptional - closure costs/re-organisation costs etc etc - half of these are perfectly normal as companies open and close pubs, outlet and branches. It's disingenuous, misleading and borderline immoral . Exceptional used to mean one-offs once upon a time - no longer. I like Marston's beer but Hobgoblin is over-rated - anyway the Marston share price is more or less exactly where it was 12 months ago. I'm tempted to sell but still sitting on a small loss, even accounting for divis. I guess I'll hold another 6mth to one year and see what happens - don't hold your breath. These pub companies are masters of sleight of hand. All IMHO of course. Money is to be made by selling bottles to the supermarkets and abroad. Soon the pub food market will be as saturated as the groceries market! It's getting harder and harder to find winner. Banks, supermarkets, oiies, miners - blood baths everywhere you look - surely a market correction must be coming - shares seem to be rising much quicker than profits.

Well said Richard - I alway look at medium to long term fundamentals - rising numbers of old people with wealth which they are looking to spend. This company is on an upward trajectory from the tragic disaster, but I see quite a bit of further upside. Maybe best to take some profit now and ride with the remainder. Shareprophets.com in a note today seem to think today's one year high may indicate a peak, but I disagree.

Bad forward planning then

Same question 2 months and a 10% fall in SP later!. I hear builders can't get bricks for love or money, MBH instituted almost a rationing system. Either this company is badly managed and inefficient OR the share price must be grossly undervalued. Is there anybody out there who knows the answer to this conundrum. Does anybody even care? Management? This should have been boomtime of late - have we missed the boat now?

This is an expanding profitable business in a growth sector that has experienced a few blips. As far back as March 2012 the shares were valued st £8.50 and Investors chronicle were tipping as a buy then. Thst was when I first bought in, although I have averaged down to about 5.50. IMHO (biased) the shsres should be worth more now than in march 2012. Surely we are a low cost, increasingly efficient, ethical producer whose product adaptability is increasing as its role in crude oil substitution for fuel increases. What does anybody else think? I don't think we should be biting their hands off at £7.15.

Could well be! Although the rns was fluffy, there seems to be nothing too untoward to suggest a sp fall of this magnitude is justified!

In the last rns everything was far too vague, nothing concrete. Perhaps investors are losing their faith/gettiing cold feet?

I don't know what to make of this stock. Sometimes I thinks their products are maybe not as good as they seem. Because my holding is quite small, and showing a largish loss, I had been thinking in the last two weeks whether to sell out entirely, or to double my holding and average down . In the event I did nothing and am fortuitously back at break even. I can't find any information as to what has happened today, Perhapssomeone can enlighten me. Mr Bond007, with a monlker like that you should know everything!. What would be the implications if J & J have been buying in? Do you think this might be the begonning of an attempt to buy the company?

Richard12345 thanks for such an interesting set of replies. I have never really investigated peer to peer lending but I plan to dip my toes in. You have some interesting strategies - some generally similiar to me but more sophiticated and probably more objective. It sounds as though you spend alot of time keeping tabs on things, daily percentages etc. Do you justuse your own spreadsheets, or have you bought some special software. My average stock holding is valued at about 5k but I normally invest about 2 to 3k initially. We have abou 40 stocks in isas beteen us evenly spred from fte 100 recovry plays down to Aim. Aim I would spend about 1 to 2k, in 2 or 3 tranches over perhaps 6 mths or a year. I look for partcular sectors, ideas or geographies. Individually many of my stocks are fairly risky but I think the range of companies mitigates overall risk.All divis are reinvested. As with you I adjust, consolidate etc to focuson growers. I think we are both paying fairly hefty transaction costs based on conventional wisdom, me because I probably trade to often although always intending for medium term. I rarely hold a stock for less than a year. I do know I should be more ruthless and cut and run earlier, but I am probably too stubborn for my own good. My big plays at the moment are prabably contrarian _ oil/gas africa/palm oil / green technologies. Anyway good luck for the future. I'm currentl taking a bloodbath on fastjet but this could still be one to watch for the future if it actually survives the next year or 2!

Hi Richard , it has been very interesting reading your recent comments, Please don't consider me impertinent but I was wondering what style of investor you consider yourself to be (ie whether you are similiar to me), and if you have any other advice, not share specific but just generally. You obviously give a lot of thought to what you do. Are you a professional trader, a day trader. a hobbyist, someone trying to spplement other income, or just looking for the challenge of beating the market? I try and invest for the medium term - I look for shares in companies I believe in and want to invest in, and where I think just that there is the prospect of a decent capitl return in one to two years. However I do buy and sell rather more than "experts" would probably reccomend. However I don't mind reducing profits by transaction cost and or stamp duty.I rarely buy anticipating a quick buck. I like to find out about what companies do, the markets they are in , and how they are positioned in those markets. I never short - I ilke to think I am a true investor (small scale) and not a gambler as such. I don't get hung up too much on the numbers or do true in depth anaysis, because I don't have sufficient expertise, resources.time or inclination. I guess I really look for companies that have a good "feel" based on my limited superficial research and my idea of their prospects. Am I going about thinks all wrong? I know my biggest fault is to fail to cut my losses quickly enough where stocks fall. Can you reccomend any books or literature for a guy like me. I really only manage mine and my wifes ISA portfolios valued jointly at about £200k. Many thanks for your past comments even if you choose not to reply. I will definitely by Xaar once I am satified it has bottomed out and shown clear evidence of recovery. Good luck to yourself. PS I hope you don't turn out to be my son Richard - how embarrasing would that be! KInd Regards blue2guit

Did you stay or did you go?

I agree. Good luck - might even by a few more if price goes down again!

Investors Chronicle magazine tipped the shares this morning with a target price of 15 pence Also I presume you hace see the RNS on Friday , which is basically confirming the return to shareholders of 7.25pence per share on 11th December 2013

Notwithstanding Arab;s comments - surely this will only lead to takeovers and rationalisation among all the producers in China - resulting in even cheaper production costs. Against this continuing backdrop can PVCS realistically compete on any level - or is the best we can hope for a reasonably efficient winding up of the company without "disiipating" cash whether to directors, employees or elleswhere. Fingers crossed there is at least a little scope for some share price increase if only based on existing asstets, or are these overvalued?.

Thanks GenieJean

Thanks SnorkelBoy

Apologies - forgive me, I'm new to this and am wet behind the ears. Is it simply good results followed by profit taking? I can find no bad news anywhere Kind regards

To quote my wife sarcasm is the lowest form of wit

Anybody Know why there have been two steep falls in the last 28 days?