Member Info for ChrisInvests

I can't see any reason either. The drops seem to be very low volume, but when there was a £4m buy the price didn't sky rocket... odd. I've always been fairly long on this one and still am!

It's X-O, maybe a bit of dodgy information on the line! Will check it later lol.

Given a £4m buy only bumped it up a couple %

My trading account has the price at 69p for the next Ask... not sure where it's got that info from but it's the live quote

Wait and see when we get the info what happens!

Good week for this one.. See you all next week! Same again please.

Only really silly people were expecting a profit... Just my opinion lol

Price continues to fly... Any ideas why? Seems the initial reaction to HY has subsided? Or maybe its just because of the huge buy yday?

Ah gotcha! Apologies.

Hmm. The troll has two accounts...

Interesting.

I honestly have no idea why you are holding the shares. Either you are an idiot, and don't believe what you're saying. Or you simply want to lose money (in your view).

Personally, I think they will do well.

I think they'll make a profit this year.

Poor Soulsister! And the nutter who wanted the CEO gone.

Anyone know?

Do director deals have to be announced as they happen?

Whoever it is now owns 5% of the company or so!

Huge buys indeed. Someone must see value like we can!

Someone just bought 150k... interesting movements.

It doesn't - so if that has gone well it should look better (they say it has)

Reading the presentation closely is interesting. Especially when you work out the positive effect of USD Rmb and copper on H2. Looks like they should get a GP close to where it was before (within 1.5%)

I agree with you.

Ultimately though, I expect the year-end results to be in a "meh" position (as H1 was poor) but if they manage to break-even and show an adjusted operating profit (rather than loss) that would be handy.

Given Copper prices (which seems to be part of the blame) have fallen 19% since June, I do expect the 2nd half results to be promising.

How much do you think is knocked off the price due to the past credibility issues? I think it's a hell of a lot. So praying the new CFO knows how to account for things lol

Yep. Their HY report said that was the case for H2. H1 had unfavourable movements alongside the one off costs.

It sounds like you are trying to talk sense into a fool. As you say, a HUGE part of their worth is in the shares.

The price (and shareholders returns) were hit hard last Dec. All they really need now is to stabilise and grow, without accounting issues.

My expectation:
- Acquisition of Kingfisher and the accounting issues switched focus for maybe 6 months away from the core (sales, margins, growth).
- They will have spent a part of this FY integrating them, and getting hit with a lot of one off costs (hence the 4.4m diff in Adjust Op Profit vs Op Profit)
- They should therefore grow.

You buy shares for their future value, not present value.

I am wondering why the market has overreacted to the loss when it was clear to anyone with a financial mind that a loss was coming from the 30 Jul announcement.