Member Info for Carllapos

Jr20.

Just hold mate. The problem is not your timing, your problem is that you’re trying to find the bottom.

Never go all in on your trade, if you intend to invest £5k in a share, start with £2k, let the share move and top up accordingly. That way you average down if it goes down, if it moves up you’re onto a winner and add more.

Barclays is solid, any down turn will be temporary, so all you have to do is hold and wait. 170p+ will come soon enough.

I’m not so sure about that for the following reasons - Good Old Alliance loves a dividend.
- they’re cleared the covid loan to clear a path to dividends
- they’re well capitalised now after the share issue.
- they’re still in profit, so why not may share holders.

Personally I’d rather they withheld a dividend and invested it in marketing. But either outcome should result in an increase SP.

I’ve been following the GME situation for a few Weeks. Fair play to them I say! About time the playing field was levelled. But some RI’s who’ve jumped on the bandwagon late are sadly going to be left carrying an empty bag.

I think your posts have always had substance to be honest. May not have agreed with all of them, but they have merit.

I see you’re in Barclays. I’ve opened a position at 1.38p yesterday, looked like it found support yesterday but down further now. What’s your opinion? (Without us hijacking this thread too much! Ha ha ) seems very undervalued at the moment.

Support! I really should proof read ha ha

Next supper let could be 25p now We shall see.

Have you guys seen what’s going on with GME?
It’s crazy, but very interesting. Short version, a massive collective of retail investors who are sick of Wall Street have driven the price up hard and caused a massive short squeeze. The stock has popped from $4 last year to over $340 in pre market and so far they’ve cost Wall Street over $5bn, put the future of a massive fund at risk and there’s no end in sight with 50m short shares still outstanding!

Fair play to them I say, a proper people’s revolt! I for one agree that shorting should be made illegal as these big hedge fund drive firms out of business. We’ve all been the victim of market manipulation in the past, we’re possibly experiencing it right now with SIG

Nodder, everything you need to answer this question is in the most recent trading update.

Clothes sales are down across all brands, but they are down industry wide, expect for the likes of ASOS and boo.

Margins on clothes are massive, so they can afford to discount If it gets the till ringing.

I agree this won’t go anywhere other than slowly down until it’s debt/liquidity situation is sorted.

But I do also feel that it will return to profitability sharpish once restrictions are lifted. It’s sales are very organic and if they actually bother to spend some money on marketing, they also have massive growth potential. Whilst they made a £10m lost last year, H2 was very encouraging given the back drop of that period.

Thanks Latpulldown, I rely on these valuable daily updates on the pandemic. I’m not sure how i’d keep track of it otherwise......if only EVERY media outlet was reporting them

I must admit prof, I’m very tempted to top up
And average down. I’m averaged at 32.5p right now. I couldn’t imagine this going back to the 20’s but it dipped its toe in today!

None the less, the fundamentals remain good, so logic would dictate, this has to go at some point.

Not sure what the current short position is here still?

It’s hard to get your head around given that the update was positive! This has to being held back for some reason. Possible take over or a large sale/buy is being worked on.

The market is a bit of a mess to say the least.

Were certainly consolidating at the moment and the volume looks to be very low. I think we may stay this way for some time. But I do believe the only way is up.

I don’t think so, but who knows. March 2020 was a major overreaction and bounced back quickly. I think the liquidity they have will support the SP to be honest. But I’d the vaccine isn’t effective, then god help us.

Money wise. I hear over reactions like this on almost every poor trading update across the market.

The drop today is understandable, but for this to go to 50p bankruptcy would need to be looming, which it isn’t.

On paper yes. But the market is forward pricing.

I’ve not looked into it too much as RR is only on my watch list for now. But any idea what the cash burn is here?

Valid arguments for both sides. I really do think it’s 50/50 whether we get an imminent RI. But the longer things stay quiet regarding the covenant, the more I believe an RI is cooking.

I’ve adjusted my holding several times in the last couple of weeks. I sold 50% prior to results, I then t opped up in the dip after the results, then changed my mind and sold them on again on last weeks highs. I shall know sit on that cash until we know what’s happening with covenant and RI.

I agree, an RI would remove the risk from this share. We all know that Card will find it quite easy to return to profit. But they are paying the price for not fixing the roof whilst the sun was shining.

For what it’s worth, I think SIG and Aston are worth a watch. I believe with Stroll at the helm and the deep links with Mercedes, the next 5 years will be interesting, I’m just a spectator at the moment though.

I’ve got a small holding in SIG and will increase if it breaks through 36p. A good turn around play that’s currently unloved. But they have a good new CEO in Francis and early signs of a turn around are at play. Should return to profit this year, but I do feel that the housing market hangs over its head. If we see house builders pull back due to a market crash it will hurt SIg.

You’re actually killing this board. We can all watch the briefings, we can all access the stats.

Please keep the posts relevant to the share.

Ha ha have you actually bothered to read all my posts? Ha ha ha
Couldn’t be further from the truth !

I’ve still got a reasonable sized holding here and will gladly take part in any RI as I believe in the long term future of card. But to dismiss the possibility of an RI is madness. I think it’s 50/50 right now and we need an update on the covenant breach.

Card have said themselves that current facilities will get them through to end of April. But do you think they’re actually going to wait to run out of money before they make a cash call?....they have to forward plan, so if there’s no sign of retail opening by mid March, expect to be asked for some money. But if you’re long and can afford to take part, I don’t see it as an issue.