Member Info for chilting

Enquest is a well run and potentially profitable company but unless Brent performs well the financial return will always be mediocre.
So, I don't think we can blame AB for the for the lackluster performance over the last couple of years, it is simply down to the oil market.
I have come to the conclusion that it is pointless to be a long term holder here - just keep an eye on Brent for a spike and make sure all is well here, then go in big if the opportunity presents itself.

Hopefully some of those buys were shorts cashing out.

Investing in a contrarian stock is always a punt - so it is very useful to have other posters pointing out the pitfalls of the investment and countering those arguments.

If everyone agreed what a wonderful job M&S is doing and has been doing in the past this discussion board would be pointless - you only have to look at the SP to realise that this clearly isn't the case.

What we are looking for is the green shoots and discussing if they actually exist and how best to nurture them.

I would agree that we do now need to see an acceleration of the store closure plan.
Yesterdays announcement simply cut the workforce as a reaction to the corvid sales downturn on the High Street.
Store closures will be the acid test.

Valueplay is right to point out the many problems facing M&S and the slow pace of reform over the years but the current board do now seem to be moving in the right direction although it has to be acknowledged that there is still along way to go.

This is a contrarian investment and as such we are investing in a company that is far from perfect but the potential for long term improvement is massive.

The Ocado deal may be partially priced in but with sentiment so low at the moment it makes little difference.
There is still tremendous value here with a market cap of just £2,103m while the market waits for MKS to prove itself again.
I would say that the SP is still scrapping along the bottom just waiting for the change in fortune that the Ocado deal and store modernisation plans will bring.

The media will always just concentrate on job numbers and the perception that a reduction badly reflects on a business.
In actual fact the reduction should simply be seen as an inevitable consequence of changes in consumer behaviour.

I guess you might be right jimjam - the perception of M&S isn't good at the moment and the shorts are geared up to take advantage - the shorts will probably continue to dictate the SP for a while yet - but they may cash out at some stage over the next few months?.

If she went into the dry dock that would suggest that she is to be refurbished rather than scrapped.

So, no clue yet where she will eventually end up - mooring her at Nigg suggests she could be there for an extended period.

The simple fact that the stores are quiet will make it very easy to manage a 10% reduction in work force.
It will also be a good time to bring in new working practices, especially the ones that involve staff moving between departments.

These were performance shares - the directors retained about half their allocation and sold the rest to cover income tax and national insurance.
Please don't mislead!

Yes, hopefully they are preparing to cash out Neil - they have probably borrowed shares up to the June high at around 1.20 so they still have some leeway. Also they may have pre-corvid stock. So they are probably still in a highly profitable position.

Shorts are fighting back -
2020-08-18 08:37:34 113.60 1,752 Sell £1,990.272 AT
2020-08-18 08:37:33 113.60 484 Sell £549.824 AT
2020-08-18 08:37:33 113.60 52 Sell £59.072 AT
2020-08-18 08:37:33 113.60 769 Sell £873.584 AT
2020-08-18 08:37:33 113.60 1,042 Sell £1,183.712 AT
2020-08-18 08:37:32 113.60 666 Sell £756.576 AT
2020-08-18 08:37:32 113.60 230 Sell £261.28 AT
2020-08-18 08:37:31 113.60 526 Sell £597.536 AT
2020-08-18 08:37:31 113.60 896 Sell £1,017.856 AT
2020-08-18 08:37:30 113.60 896 Sell £1,017.856 AT
2020-08-18 08:37:29 113.60 158 Sell £179.488 AT
2020-08-18 08:37:29 113.60 109 Sell £123.824 AT
2020-08-18 08:37:29 113.60 896 Sell £1,017.856 AT
2020-08-18 08:37:28 113.60 896 Sell £1,017.856 AT
2020-08-18 08:37:27 113.60 247 Sell £280.592 AT
2020-08-18 08:37:27 113.60 557 Sell £632.752 AT
2020-08-18 08:37:27 113.60 92 Sell £104.512 AT
2020-08-18 08:37:26 113.60 40 Sell £45.44 AT
2020-08-18 08:37:23 113.60 896 Sell £1,017.856 AT
2020-08-18 08:37:22 113.60 896 Sell £1,017.856 AT

Yes, massively undervalued but it will take while to turn that around - patience will be needed.

Hopefully the first sign will be a build in institutional investment.

Private Investors are always the first to see potential - it takes a while for the professionals to catch up - they need results.

Good start to trading with high volume - eyes of the market on MKS today.

Ingrid Knutsen is still just off the Norwegian coast heading north with no arrival time at Kraken.

She is due at Scapa Flo for a STS at midnight on the 22nd so that would indicate a hook-up on 20th.

Thursday 20th would be 11 days since the last tanker left.

Now we know M&S are serious about adapting for the future - 7,000 jobs to go from management and instore.

Jobs to be created for online and warehouse as a result of huge surge in online sales.

This could add a whole new dimension to the company and would blow the valuation sky high.

Mon, 10th Feb 2020 07:00

RNS Number : 4573C
Itaconix PLC
10 February 2020
Itaconix plc ("Itaconix" or the "Company")
New BIO*Asterix™ Product Line
Itaconix, a leading innovator in sustainable specialty polymers, is pleased to announce its BIO*Asterix™ line of functional additives based on a new range of bio-based chemistries derived from itaconic acid. The Company developed the new BIO*Asterix™ additives over the past three years for a wide range of potential uses, ranging from biodegradable plastics to decorative paints. The Company plans to launch its new product line in stages over the next two years.
The Company's initial focus will be on targeting the biodegradable plastics market where the new BIO*Asterix additives have had positive results in early field trials with potential customers. The BIO*Asterix additives can add valuable properties or overcome performance deficiencies that currently limit the use of biodegradable plastics.
Dr. Yvon Durant, CTO of Itaconix, stated: "The new BIO*Asterix product line leverages our success at meeting customer needs with our understanding of itaconic acid chemistries. I believe industry and academic researchers will find value both in the unique functionality of the chemistries and in our expertise in realizing the unique value of these products."
John R. Shaw, CEO of Itaconix, added: "BIO*Asterix represents a broad new frontier for Itaconix and the value of itaconic acid chemistries. We are confident from the early success of customer trials that our new BIO*Asterix products will become key additives in numerous applications and generate new revenues in the years to come. We look forward to reporting progress as our efforts advance."
Ends

This backs up their products from an independent source.

Fri, 27th Sep 2019 07:00
RNS Number : 8571N
Itaconix PLC
27 September 2019
Itaconix plc ("Itaconix" or the "Company")
The Next 50 Companies to Disrupt the World
Itaconix, a leading innovator in sustainable specialty polymers, was recognised this week as one of "The Top 50 Companies to Disrupt the World" by Biofuels Digest, the world's most widely-read daily publication on the bioeconomy. The Company will be honoured with other recipients at the Advanced Bioeconomy Leadership Conference on Next Generation Technologies and Markets in San Francisco, California on 31 October.
John R. Shaw, Chief Executive Officer, stated: "Major global imperatives for sustainability and climate change can only occur through disrupting the chemistries we use in everyday products. I see our bio-based polymers enabling performance and safety breakthroughs in a growing range of home and personal care products, and am pleased that our efforts are gaining broader recognition."
Ends