Member Info for Corryvreckan1

I don't wish to be a monger of doom but in the absence of any other important news the next trading announcement is scheduled to be the FY 31st March results on 22 May, unless they issue a Y/E update around 31 March but they don't normally do that. Lots of time to drift in a vacuum...

And I don't wish to be a harbinger of doom either but it had a good 5/6 waves up in a 15 month uptrend before topping out, so due a retracement under normal market dynamics and also given the cautionary statements in the recent update, and that's actually often healthy for the long term.

But that's a horrid looking head and shoulders pattern just formed, very often consistent with a break of trend, and if it runs true to form then I have it completing at around 203, which will also close the gaps created on 15 Aug and 8 Nov last year. Yeah, I know, don't @ me about charts - they're just observations for consideration, I'm not going to insist they are right or argue them repeatedly as only time will tell. Best wishes with whatever investment decisions you make.

* to be confirmed but the date has been on here for a couple of weeks without change:

https://corporate.yougov.com/investors/financial-calendar/

Further on the JMS salt mine: JMS was a subsidiary of MSL Minerals, a subsidiary of Moroccan Salts Limited ("MSL") - the company taken over by Emmerson in the RTO in 2018 along with all it's existing exploration licences.

15/8/18 RNS Emmerson noted "There are no active mining operations relating to the salt mine located in the south of the mining licence." The only activity to be found for JMS is c.2011-2013 so it looks like the mine was perhaps never fully developed.

So it's within EML's tenements and therefore can't be the 'tunnel/gallery' mentioned in the media article.

Careful with that youtube link posted by Aghmir, the link on that page to the JMS-salt website has been hijacked - do not click on it!

It looks like the company is long defunct and the videos are 12 years old so no idea what state the mine is in now, or even if it is relevant to the area? Any current evidence to support a relevance?

It's ex-dividend today for 9.8p of the drop. Sometimes you see a follow through from that where those holding for the divi then sell to move some capital elsewhere short term and the price drop will then overshoot, sometimes taking out a few tight stops on the way. Could be that contributing?

It's currently sitting on the base of a shallow long-term uptrend that's offered support since June last year, and the short-term uptrend since the dip in October last year crosses it around this point, so may recover from there soon enough? Or not...

Https://www.reuters.com/business/retail-consumer/adidas-shares-rally-reassuring-pre-close-earnings-call-2024-01-25/

Could be a kangaroo bounce ;o)

https://www.ii.co.uk/news/adidas-responds-to-activist-outcry-over-use-of-kangaroo-leather-al1706181363796750800

Or maybe a delayed reaction to a broker upgrade yesterday :/ But, kangaroos...

Also worth noting that Emmerson itself was suspended from Oct 17 to June 18 due to the RTO that started this whole escapade. That's why the early dates on your chart look a bit compressed and it maybe skews the tramlines a bit? Worth starting from June 2018 instead?

Swazers - I now recall this from research last year, it's a similar problem that LSE have when a ticker is changed to a new company, where they often re-use existing pages but keep the old company's data in the history. Trading view appear to have done something similar.

EML was originally the ticker for Emerging Metals Ltd, up until its suspension in Dec 2011. See half way down the following chat page on here for the gap between then and the changeover of these pages to Emmerson:

https://www.lse.co.uk/ShareChat.html?ShareTicker=EML&share=Emmerson&page=283

And this is the Emmerson RNS that shows you their admission in Feb 2017:

https://www.lse.co.uk/rns/EML/admission-to-trading-and-first-day-of-dealings-5zq3v1x5rtc3rte.html

On the Trading View chart the older data also relates only up to the end of 2011 and then jumps to 2017, so you need to start your tramlines from then and I think that might give you a higher target at the top of the range?

I've also drawn a lower parallel starting from the March 2020 low instead (or even from the Dec 2018 low) following the original uptrend. For me, that shows where we could be (re)starting from if the ESIA was approved, and if it does then I hope that your lower line never, ever comes into play.

Hope that all makes sense, but it's Friday evening so...

Swazers - genuinely curious, what/where from is the earlier data on that chart, for a company incorporated in March 2016 and IPO onto the main market in Feb 2017?

TU was out last week

These articles are based on the RNS that was issued in May last year and they gave an update in the half year results in September.

Neutral - they are just minor adjustments around an overall 5% position which they have held and adjusted in a similar fashion for a while. Very common for Blackrock to do that on large companies, likely just algo driven as well.

:) Whirlpool raised a smile, thank you. Although that does also make me sound like a kitchen appliance :/

For anyone who doesn't know about it this is worth a look:

https://whirlpool-scotland.co.uk/

The video at the bottom of the page is cool, and see 4m 10s for the suction power of the whirly.

And there it is already, excellent news.

Okay, I'll give you that one for now, just (I prefer it holding in the top third so was already getting twitchy mid December, but I still believe). Let's see this evolve into a thing of beauty now...

Many blokes buying cosmetics too. Now, let me tell you about my New Romantic phase in the early 80s...hey, come back! :p)

Noted this from the BRC report yesterday morning:

"In gifting, beauty products were the standout performer..."

"Christmas shoppers ditched clothing, jewellery and technology gifts, opting for beauty, health and personal care products, which, along with food and drink drove festive sales this year."

For balance, they also note sales growth overall was sluggish but hopefully the above points are well reflected in the trading update later this month.

https://brc.org.uk/insight/content/retail-sales/retail-sales-monitor/reports/202312_uk_rsm/

Hmmm, I'd given up on that still being a handle as it maybe dropped a bit low last 2 days? I sense the 200DMA, which has just come through the top line of the pattern, may have some say in where/when/if the completion may be.

Do like a C&H though, was tracking the same thing, in hope.

Alnwick - unfortunately that data on here is unreliable. The buy/sell split is just a guess based on the trade price compared to the mid point of the spread and often doesn't reflect the actual nature of the trade. Also, none of the trades that LSE mark as "Unknown" are included in their totals. The stock exchange are showing total trade volume of 664,766 today, over 50% more than LSE are reporting.

rupans' post was after an early afternoon spike in the SP which could have been our chum Eldose getting the hoover out, or maybe someone hedging/gambling on the US CPI data. But yes, as you say, there was a fair bit of selling off as well, which was market wide after the CPI came in a litle bit hot, although the US seems have to have recovered some composure since.

Also note that Royde will have good visibility of the trajectory of the buyback programme and the likely impact on % so if they don't want it to trigger then they could slow down their acquisitions ahead of completion to avoid reversing any back out.