Member Info for BoracicLint

Was only holding about 1600 shares but sold all this afternoon to preserve profits, having got in at 133p and 180p.
Should pay the heating bill next month ;)

I do believe this is a well-run company that has been completely shafted by geopolitics (and not helped by the economic picture either). The likelihood of recession, continuation of the war and the decline in gold price just seem to be saying how long is a piece of string when it comes to the catalysts that will start moving the SP to a valuation it deserves.

I will be watching this company and BB with a view to re-entering once things brighten up, even if it means missing a chunk of profit should the SP move up quickly.

Best of luck to all holders - I reckon this should come good (and probably multi-bag) in the medium-long term.

Poor old retail can't get a break. A solid if not spectacular RNS tells me this is a steady Eddy of a business with the ability to expand when the economy improves. In the meantime, a healthy divi should keep investors happy.

So, with a fairly good RNS, under a 4% rise - if this had been poor news, it probably would have tanked 20% or more. Markets are so jittery and down on retail.

If we go into recession, then I will be keeping some powder dry for when we come out the other side as there are lots of retail businesses that are now very undervalued.

Can now buy through my broker, so made a small top-up even though the spread is large at the moment.

While the rest of the market is open, JOUL is in auction at 08:04. Wonder if there are a lot of orders being filled.

I'm guessing buys not sells.

Mmm, got in here at 76p to start with, thinking what a bargain. Oh dear. Then some more at 62p. Aaargh.

After each bad drop, we ( and I include me) have been saying it's overdone, which is true but it keeps happening. Retail seems to be taking the biggest hits and there are a lot of quality companies in the sector which seem now far undervalued.

I got in expecting a recovery in a few months but now seems to be receding into the distance.

It may be worth a day trade tomorrow or even the next few days, esp if there is some speculation over a possible bid.

Looks good for trading, then! Possibly higher risk for a longer term hold.

I bought in at about £9 SP 18 months ago and was considering a top-up...that was until I read the link. Thanks for supplying this - the clincher almost made me laugh about both 'businesses' being on the same industrial park.

Although the amounts involved are relatively small, it does seem to raise some serious doubts about the company's integrity, especially one that has built much of its growth around acquisitions. If what Iceberg says is correct, we could see an SP drop larger than today's welcome rise. It raises the question of 'what else?'

On the plus side, operation gearing is low and the buying of Balta and reorganising it will add a decent chunk of EBITDA.
Maybe I'll steer clear for now.

I bought in about 5 years ago at 250p (sob) so this is one of many shares sitting in the bottom drawer, waiting for something to happen. At least there's a divi that has been maintained and today's RNS is reassuring, assuming ladies don't have to cut back on makeup to pay the leccy bills.

Not invested here, yet but keeping a watchful eye.
Looks as if H2 will be better but worried that debt is quite close to the covenant limit of 3.5x EBITDA. From the charts, the SP has also dropped below the 50 day moving average so seems a bit risky to invest now with the macro backdrop looking so gloomy.
Not reinstating the divi looks the right move but overall feel the business looks fairly solid and hope to get in once markets and the SP are on a more solid upward trend. If the SP was valued by holders at c£10, something similar should be achievable in the medium term.

My broker now sends emails to let me know about the AGMs and a link to vote through proxyvote.com.

Have voted against re-election of any BoD members. Not that it will do any good but my protest has been made. Maybe we can all register our displeasure?

When we start talking about damages in the billions, I find myself balking at it and going back to Edison's conservative models.

However, it does happen: it was a different situation, I know, but Intel had damages of $2.1bn awarded against it for infringing patents of VLSI Tech only last year. The court was in Waco, Texas.
I don't know what's happened subsequently in terms of appeal or settlement but the mere fact that such large awards can be made means it isn't impossible for us to achieve a similar high-end award IF there is no pre-trial settlement AND IF we win the court case.

I'd imagine a humungous award makes an appeal a certainty, providing S can justify grounds for doing so.

The story for N hasn't changed - winning most at the Markman, a clean sweep of the IPR, continued backing of the TPR and now the pending German action. S will also be unable to paint us as patent trolls which we have never been and even allowing for our confirmation bias, it looks likely S defence can't be strong. Maybe the main risk in court is that S lawyers put their side superbly while ours do diabolically but that also seems unlikely.

One point I don't understand is there have been several references to post-court settlement if we win in court. If the court makes an award, are we actually allowed to agree something different with the defendant? It almost sounds like contempt of court to do that but then I am ignorant about the process. Can somebody clarify this please? Ta.

I bought mainly in my ISA but the RI at 17.5p went into my share trading account. At the time, I hadn't used up my ISA allocation, so once we seemed to be off to the races, sold the share account ones and rebought in the ISA. The value now is c23% of the ISA value which is far more than I ever normally put in one company but a lot of that amount is due to SP growth.
It's a nice bit of blue among a sea of red!

AIM 100 down nearly 3% today, so of course Naked drops over 10%!
Short positions have slightly increased over past 2 months but the SP, as in many other retailers seem to continue dropping with frankly no end in sight.
Still like this company and bought a new case today, including 2 'free' bottles. I like the fact it gives access (and supports) small growers you can't normally find on supermarket shelves. I don't mean that in an elitist way; I'm not a wine afficionado but have appreciated the difference between a £5 and £10 bottle, even with my Covid affected taste/smell.
Once the recssion finishes and markets generally climb again, I would look to have a punt here if the charts look good and barring any bad news about the company.

Fira,
just for the record, I wasn't having an indirect go at you. I agreed with the overall points about BOO made by Happy.

I don't use the BB to get into arguments but like reading and occasionally contributing to good discussions.

ATB.

Nice post, Happy.

Having bought in at 235p in Oct 2020, I was sitting on a fairly chunky profit which has evaporated and am now in huge loss. That's my own fault for being greedy and then not enough courage to cut my loss - more investing lessons learnt.
Having said that, BOO does now seem undervalued and settlement of the case put things to bed some time ago.

Like a lot of retailers, their SP has suffered beyond anything that seems reasonable. I'm also in ASC, SDRY and JOUL which have also done appallingly.

Where is the bottom? Looking at the charts there is no obvious turnaround point yet for me - I use specific moving averages and they are all pointing down still, I'm afraid.

BOO is still a major online player and I feel the price will recover once the macro economic picture improves and the rising tide analogy should help the retail and clothing sector, but that looks like being months away. I am confident enough in their future to consider a top-up once the moving averages turn around.

SAA thanks for your numerous informative posts. Re point 3 Makes me realise that perhaps the arguments will be more even than I’d thought when in court as the discussions will be more limited in scope than all the info we’ve picked up over the last year or more.
We know the injustice Nano has suffered but none of that David b Goliath story will be admissible.
On the plus side, N, it’s TPF and Lawyers believe this is still winnable in court if S refuses to settle.
Maybe I am getting jittery as we get closer to court. Selling some now to partly derisk means forgoing potential extra profit. Feeling nervy!!

Perhaps some holders are expecting auditors to finish before the suspension deadline and may want to limit risk of something nastier lurking in the accounts by selling before? It may mean the SP declines before the 30th.
My sense is that nothing nastier will come out of the woodwork so will be holding into suspension if it happens, in the hope it will slightly gap up on resumption of trading.
I do think over the next few weeks and months will see a major recovery from current SP levels and less concerned with intraday movements. All IMO of course.

Yes, that is weird. Yahoo finance showed 25% down but LSE shows zero change. That plus LSE showing current bid of 3.25 and ask of 5.8 is bizarre. I've heard of MM manipulation but that just says nobody should trade this share at all!!

Is smoke and mirrors their new product? ;) Should get lots of government contracts then!

Too much vagueness with this share. I think there were rumours of a takeover pre-covid (unless I'm getting mixed up with another share) but nothing concrete happened. Having got in at 16.6p in Feb last year, will continue to reluctantly hold.

Been looking at this share for months and with today's drop for no apparent reason and the imminent divi, decided to get in at 97.2p.

I know the future divi is likely to halve to around 25% of EPS but even so, think the SP ought to recover over the next few months.