Member Info for Culpepper

I have been in, and out and made a little. I am in again at a loss. I believe it will turn in time for the oft repeated reasons.
But sometimes, you know, though enthusiasm based on experience of exploration/mining companies is advantageous and entirely understandable, and helpful, those regarded as ‘trolls’ do seem to me on occasions to make fair points. It won’t affect the share price, either way.
I raised the shorting issue because it seems ( to me ) that on what I can see myself on notified positions it does not justify the attention paid to it.

What is the substantiated short position which keeps getting mentioned. Not particularly high, is it?

Don’t kid yourselves. IF an offer comes in, many will be happy to take the cash. And all these figures being bandied about, all the second guessing, comes to naught.

In theory, declining the option to purchase 5%, seems to make sense if you are considering a possible future offer for 30%. But you would think Newcrest need to get on with it.

It’s huge and American, but Home Depot are confident in continuing demand for home improvement products.
‘In the second quarter, we delivered the highest quarterly sales and earnings in our company's history," said Ted Decker, CEO and president. "Our performance reflects continued strength in demand for home improvement projects. Our team has done a fantastic job serving our customers, while continuing to navigate a challenging and dynamic environment. I would like to thank them and our many partners for their hard work and dedication to our customers.’

Fiscal 2022 Guidance

The Company reaffirmed original fiscal 2022 guidance of:

Total sales growth and comparable sales growth of approximately 3.0 percent
Operating margin of approximately 15.4 percent
Net interest expense of approximately $1.6 billion
Tax rate of approximately 24.6 percent
Diluted earnings-per-share-percent-growth to be mid-single digits

For the record

https://www.lse.co.uk/rns/AMRQ/amaroq-signs-mou-with-abd-solutions-gd57pjhnnia25wg.html

The immediate aim

‘Amaroq Minerals (Amaroq) is currently planning a pilot mining and processing operation at its Nalunaq Project in Greenland the aim of which is prove the continuity of the mineralisation and provide input to a feasibility study and detailed engineering which would provide the design basis for a subsequent full scale mine.’

The last dividend was enhanced at 40%, but this was where thoughts started from on listing.

Dividend policy
Wickes is a strongly cash generative business and the Board recognises the importance of balancing investment in the business with dividends to shareholders. The Board intends to adopt a progressive dividend policy and currently expects to start with a dividend of 30 per cent. of adjusted profit after tax in respect of the full financial year ending 1 January 2022, split approximately one-third and two-thirds between interim and final dividends, respectively.

to 7.04%.
For the record
https://www.lse.co.uk/rns/AMRQ/holdings-in-company-410zzdz50xhpaxz.html

They might have got 3 months as I read this - but applied for two.
https://www.bclplaw.com/en-GB/insights/fca-and-aim-regulation-removal-of-temporary-relaxations.html

I apologise for that. So embarrassing, considering todays price.
But I was watching The Chase.

Scrub that. It’s the June ones. Numpty.
Pity you can’t delete some of these posts.

I just noticed David Wood is still buying (£1.70) as well as exercising his options, selling enough of the latter to pay tax.
Insiders have bought between that and I think £2.50 since listing.

I lifted this again.
Wickes (WIX) is suffering from the softening of DIY trends but the lowly current rating on the shares fails to capture the quality of the business, according to Liberum.

Analyst Wayne Brown maintained his ‘buy’ recommendation on the stock but cut his target price from 425p to 360p.

‘In a trading update, Wickes slashed its profit-before-tax guidance by around 10% for the full year, driving the shares to slump 18% to close at 139p on Tuesday.

‘There will be some disappointment following today’s…guidance cut, albeit it reflects the tougher wider consumer backdrop rather than anything company specific. It also needs to be set against what was a robust first half performance and what would still be a commendable full-year out-turn in the current environment if the new guidance is hit,’ said Brown.

With a ‘market-leading position’ in the home improvement market, the analyst argued the current price-to-earnings ratio of 7.4 times fails to capture the stock’s ‘longer-term growth opportunity, strong cash generation and very healthy balance sheet’.

He added: ‘Our lower 360p target price reflects our lower forecasts, prudently set at the bottom of guidance.’

So he says bottom of guidance, which I presume, hope, Wickes bottomed out on their wide forecast - and on the other hand Deutsche stick 200p on it. Shows differing views on how to get to a valuation.

Re. that mail article, can’t alter the facts re. Wickes. But it seems counter-intuitive. Money tight so blowing it on eating out and going abroad, rather than up keeping or adding value to something.
There you go.

Bit more on that here, on advfn.
https://www.dailymail.co.uk/money/markets/article-11050395/MARKET-REPORT-Wickes-sales-sink-record-low-households-shun-DIY.html

That from June - thinking M and A.
Liberum believes earnings will be resilient due to factors such as the company's end customers being generally affluent, as well as its strong order book and full trade pipeline.

“Any downturn should bring M&A opportunities too, which Wickes has the balance sheet to harness to deliver further upside,” it added.

Bit of balance in there somewhere I suppose. Liberum always been a high outrider on price, saying that for ages. Undervalued. Anything new on what price they give? I presume it’s still a buy for them.

And actually, I’ve read other comment before saying DIY retail not a bad place to be in a slowdown. But there you go.

Strangely, I think, nobody shorting this, unlike Kingfisher, as far as I can see, if the DIY retail market is particularly viewed as threatened as per Scott, who actually couches his views in terms that must be right, whatever the result.

Their sp been doing ‘comparatively reasonably well’ - very well taking today into account. Update to come there - and I see no reason it’ll be any better than Wickes, at least.