Member Info for Bluebelly

Barnard. I did put the caveat 'At this moment'. As I knew it would change as soon as I posted. It's not even in the top ten now, at this moment!

I'm not negative on SHI.
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SHI to of the fallers at this moment.
Considering what's happening with oil and how many oil companies are massively indebted. That is a poor show from SHI.

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It is a different Company, I believe.

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Now that is slow reporting.

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SIG.Biz seems to be a different SIG
https://www.sig.biz/investors/en
Packaging company?

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This share hasn't closed above the 20 day MA since 3rd Jan.
It's currently at 21.91p.
It would be good to be sitting on that overnight or higher.
The resistance at 19.3p was successfully taken out, definitely want to close above that.

GL to those holding for the higher targets.

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Majority is Trade & Other Receivable, then Intangible Assets & then Inventories plus £83m cash.
Total assets of £1.2b (inventory of £207m)
Total liabilities of £778m
JDW is Property ,Plant & Equipment, cash of £42m, plus loads of barrels of beer now out of date.
TotalAssets of £1.5b (Inventories of £23m, Property plant & equipment £1.4b). That would probably get written down when property prices fall). Giving a neutral asset value???
Total liabilities of £1.2b

Maybe you're playing devils advocate. I just see amazing value here. I wouldn't post this on JDW as I'm not interested in the stock and have only read the London Stock Exchange site fundementals tab for comparison. So I am not up to speed and JDW may be a great stock. I just don't think SHI is as bad as the market is valuing it.

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The results will be fantastic in comparison to the current valuation. However there will be two further statements that will be important. Post reporting, what has been happening and more importantly the forward looking statement.

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Wetherspoons have fallen from 1500p Dec 19 to 871p today with a low of 500p.
They have debts of £800m - net assets of £316m (Jun 19 FY report). 40% dowm and Pubs maybe closed until Christmas. SHI - Net Assets £462m (Dec 19 FY report), 83% down - Opening sooner.
Link: https://www.hl.co.uk/news/2020/4/20/pubs-will-be-closed-until-christmas-due-to-lockdown.

SHI seems overdone to me, but those stating 10p-12p, please explain your reasoning on these two valuations.

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I don't think we're out of the woods yet.
If those lows come again this week I will double holding .
Then turn off my PC, as I wouldn't be able to watch.

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It was similar last week at 19/20p range, but still dropped to 17p.
I imagine there is a big buyer in the background, but they won't buy off the offer side.
May be someone has seen/leaked the FY2019 report.
JP Morgan Chase paid over 19/20p to acquire 58.5m shares on 7th April. Unless a transfer from Tameside at an agreed price.

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Sig is valued at £106m.
In late Feb it was valued at approx at £400m & at the start of the year it was around £600m with the same level of debt and less cash in the bank.
They've sold an asset from which they got the stated extra cash, this asset will now be worth less on the new holders balance sheet, due to everything being marked down in this climate.
However Sig being marked down 75% and more is ridiculous and you mention 10p. 90% reduction. The main banks have lost around 50% and they will be hit by debtors. Even if the government cover the 80%.

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FY2019 report out by End of Apr.
That will give you a lot of info. It will also give forward looking guidance and information post 2019.
Also the government are providing support: https://www.bbc.co.uk/news/business-52318355 for companies like Sig, but there are many more companies with worse balance sheets than. This is cheap, but it's cheap for a reason. Once the big investment houses change their risk profile after the next big fall in the FTSE. Boom!!
FTSE down around 25% year to date, that's not enough for the carnage this has caused along with the oil price (which occurs in every recession, but oil consumption has never reduced to this level as a percentage). The Dow, well that is unbelievably overbought, 15% down YTD. The Dow had a lower retrace in December 2018, that must have been bad, but I can't remember the reason.
Sig will fall if the FTSE drops further, but will offer cracking value for new buyers holding for 6-12 months plus.

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woodfromthetrees: all I can see is a big gap needs filling at 10-12p.

Can you give us the time and date that is relevant to your statement.
I believe the lowest trade ever happened today. No gaps there!

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FY2019 Financial report was delayed until April. So is due in the next two weeks.

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Someone paid 20p.
I haven't paid that since Tuesday. That was nearer 21p

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130m shares traded since hitting 31p on 25th Mar 20.

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Bid is now 17.5p
Can sell 125k for 17.76p.

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Can sell 50k.

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Don't use stop losses. They'l hunt them down in a volatile market.

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