George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Do I go Cineworld or Man u to win tonight? One has a chance of paying off big time
DRB that's exactly what I'm thinking, thankfully I hit the sell button on Cine a few years back at £2.30 when they took on so much debt for expansion. Personally I'm short JDW and long MAB as a pair trade. I think the directors here need to make a meaningful purchase for people to invest. The price looks "too cheap" if it is why are the directors not buying?
Alas, I'm also looking to add in the next couple of weeks. I've been a holder for a good few years now. Holidays will always go ahead. The pawnbroking side has never had this "perfect storm" behind it which is coming, the only thing holding this back now is the price of gold, once that starts to move north all the chips are in place :)
Tell you one thing though going on old Liz's comments a few years ago I wouldn't wanna ring in sick of I was working for her.... The papers will come up with something next week. Someone I think did mention just before old Boris Pinocchio went that she was always away from work?
I believe the main issue here is the cost of energy. JDWs energy is still fixed at pre Ukraine prices and is fixed till next year. The only way they can generate more income is to increase prices and close the gap between them and other operators. Whether enough of the punters will swallow the increase is the big question. I believe JDW will be forced to, the city will like it definitely in the short term and the shares will rally. At the moment the management are not doing anything regarding pricing. Smart move with the revamps though as it will only cost more next year. Unfortunately I think the hospitality sector is in for a really bad winter. After the summer we have had it should be flying, sods law says we are in for a bad winter weather wise and this will not help
Fishybilly, I was in Cine about 3 years ago, good divi payer a but saw debt mounting I took a small loss and exited at £2.10. I think people focus too much on the actual price of a share. You need to look at it more like Dragons Den. Whats the financials like, BOD can I see gaining market share etc etc. Just looking at a share price thinking it was this back then so it's a bargain is just gambling. Might as well go red or black better odds. Has anyone noticed how all of a sudden the online investment startups have stopped advertising?
Kerching, I understand what your saying about the property, however, the true value of a property is what someone will actually pay for it or can afford to pay. Once a company is distressed valuation and purchase price is a different ball game. Look at Hammersons when they tried to off load. I understand what your saying but I think this is why the market is ignoring the NAV on this one. Don't forget UK property has been booming up until now. Good luck though
There's no doubt JDW Will be busy full of people over the winter but I can't see the money flowing through the tills. He needs to stop the free coffee refills and the like. The only plus side to this is who wants to walk into an empty pub so I can understand why he does it. On another point I can see a lot of retired going abroad for the winter this year. Cost of a months gas and electric wont be far off a months rental in spain!
You have to remember here these got diluted due to covid by approx 25% if I remember off the top of my head at £9. This is a perfect short with all the debt. Personally Im short and using this to protect my longs in MAB for one. To me I don't mind which way it goes but to anyone thinking this is cheap all Id say is you know it's cheap when the directors start investing. Tim sold a chuck a couple of years ago and didn't really participate in the £9 offering. Call me crazy but come the winter this could go down another 30% from here. This is dotcom territory now, you think your getting a bargain, maybe your are but the market will test your nerves. Good luck to all but these are scary times. First time I think interest rates are projeted up in a down market!
I suspect the NHS doctor didn't want to go spoons cause he'd get heckled by his patients for insisting on phone consulations and video calls because of covid!
Would be the first time in 2 years they see him in the flesh