Member Info for Da_Matser

Thanks Forensic, that explains everything including why you disagree with FoMo's understanding - putting it mildly.

I had a director do the dirty on me back in 2011, so before The Jackson Reforms. May explain why I didn't see a penny.

@FoMo Perhaps you could explain to me why I should give a rat's ass about creditors?

And prepare to be shot down by both FoMo and Forensic :/

@Transan As you will have seen over the years, it's all about the management team and now we have the A Team installed.

JPM now own 8.25%. Maybe they know the intentions of some of the other top holders to veto this?

Things could get very interesting.

Manolete Partners present at the Proactive One2One Investor Forum - October 26th

Duration: 22:46

https://youtu.be/PQGW61WXyps?si=xFlGcCAGULNOQEDA

There’s only one reason they announced this nonsense BEFORE the results and that’s to flatter the offer as much as possible by saying it’s a 66% increase. This is why they postponed the results.

Let’s see if 280p still looks good tomorrow.

Personally, I’m looking for 320p (achieved May 2021) as an absolute minimum. The company is hugely undervalued due to subdued market conditions and general sentiment, but I have no doubt 320p is achievable when the economy rebounds as we move through the short-term debt cycle.

I shall be rejecting the offer.

Personally, I’m weary of anyone with just one post. Smacks of an alias.

In addition, I value companies on their future prospects as a business - not on their share price. I couldn’t give a nat’s if the SP has tanked. It just means I have somewhere to allocate my new funds.

Not if it’s voted against. I always use my vote.

In that case oldbutwisa just keep buying like me.

Unless MANO need to do an equity raise or you need to cashout, what’s the issue?

@themong https://simplywall.st/stocks/gb/retail/lse-card/card-factory-shares

Look under 7. Ownership

@acearp Surely, if they were manipulating the £2.8m write down against the covenants, they would have written down MORE in H2 than H1 when, as you say they had a better second half?

Perhaps you could explain your calculation of the £1m EXTRA interest, when the 2023 income statement shows £839m TOTAL finance expense?

I'm sorry, but your scattergun approach to dereamp this small cap is not going to wash with me. As Tommy says, your post is long and unclear, but in summary:

Your first three paragraphs tell us nothing we didn't already know.

The last paragraph is a confusing mess, where it's not clear whether you're talking about MANO, BUR or yourself.

You also have a history of deramping BUR (of which I am also a shareholder) in addition to a couple of other companies and funds. In fact, I cannot find one constructive post in your 'short! 20-post history. FoMo also has a history of slapping your back.

Good luck lads and whoever you both work for. Or are you the same person?

Welcome tichtich,

Looks like you've made the No. 1 rookie mistake. This is no longer just a 'van rental' company.

No.2 rookie mistake is believing you are the only one who has 'realised' the risks and that none of those risks are priced in.

On both of those points, look at the bigger picture, pre & post merger. I got in July 2020 after realising Mr Market had completely ignored the Redde business and had valued the company on Northgate profits alone.

The underlying trajectory of the business is very encouraging thanks to a highly competent management team leveraging their acquistions to create efficient growth. Don't ignore the EV story either.

Being a value investor, I don't normally talk up my investments as I relish in buying the dips, so this is my good deed for the day.

£4m on an MC of 2.6bn = 0.15%

Let's not get carried away.

Public Investment Corporation Soc Limited increase their holding from 9% to 10%

Gentlemen,

It appears we have a breakout. Onwards & upwards to £40+

And broker after broker ups their target:

UBS raises Whitbread price target to 4,480 (4,200)

Jeffries raises Whitbread target to 4,400p (4200p)

Barclays raises Whitbread price target to 4,250 (4,000)

Deutsche Bank raises Whitbread target to 4,050 (4,000)

https://www.lse.co.uk/news/WTB/london-broker-ratings-socgen-raises-next-to-buy-from-hold-4e5jzvv4j7odmqn.html

Absolute bargain today. £650k spent well. This buyback is going far...

https://www.lse.co.uk/rns/REDD/transaction-in-own-shares-vzdo0f63t6dslgb.html

@jolly Regarding debt, I am aware thanks. Also bang on their 1.5x leverage target, which is very reasonable. That's why I've been topping up. Debt was the only thing I could come up with for the falling SP. Low on cash too but with a solid RCF liquidity is not an issue. Growing revenue and profit YoY since the merger and trading at reported tangible BV. I'm scratching my head too. With a P/E of 5.4 it's surely just a matter of time before it gets the attention it deserves.

Another large drop today despite the FTSE 250 finishing in the green. Institutional selling? Perhaps an RNS tomorrow? I'll be increasing my weighting if we get close to £3. I'm gonna keep buying and hope that 7% dividend is maintained.

Debt levels and rising interest rates?

@Mary I got in at 24.4 :)