Member Info for Davius

Just sold at 50.03p, 25% after costs. If only all trades went so well.

Lots of profit taker now...

The withdrawal of the dividend has given the share price a good kick up in the right direction. Now up to 51.5-52p.

I bought at 39.4p and wondered whether to sell for a punt on JRVS yesterday. It looks like holding on was the right decision, for now at least. Johnson have released an RNS regarding the number of shares it has, sometime a precursor to a formal bid.

Results ahead of expectations today, £5.4m profit after restructuring and the share price up 25%. My buy opinion was a little early (see 14th November) and the debt remains high, but a good interim profit for a company with a market cap (even after todays rise) of £36m.

Shares down 35% on news that they intend to go for a debt for equity swap, resulting in a significant dilution for existing shareholders. That at least should provide a good platform for recovery, despite the short term damage to the share price.

35.25-36.25p

A large buy at 35.25p appeared for 122K shares, this has forced the auction to extend beyond the close. Worth a look in the morning perhaps, if it stays low or drops early on.

SP dropping rapidly, now down to 34-35p...

1-2 @ 38.5-38.75 (10K-103K) Buy volume 246K depth 16m, sell volume 152K depth 18 The sell volume includes a 98K order at 38.75p though

JST off quite a bit now, plenty of selling and level 2 looking very weak, sp dropped below 40p. 1-1 @ 38.5-38.75 (5K-6K) Buy volume 30K depth 11, sell volume 72K depth 19 Lol, just finished typing that and was about to hit post, when it went into auction at 40p.

I sold JSG for the simple reason that the share price started dropping, sorry if that's a bit technical for you. For those still interested: L2 now 1-1 @ 43.5-44.5 (1K-1K) Buy volume 91K depth 20, sell volume 87K depth 24 I see no clear indicators either way so will stay out.

One of the principles of day trading that I adopted a while ago, was to take a profit at every opportunity. Better to make a small amount than end up at a loss. The downside is that you miss out on much larger profits, a good example being JSG yesterday where I exited at under 36p to see a close over 40p. Thus as the shares started to drop I clicked on sell around the 47p level only to be scuppered by the old 'unable to trade' error. So it went on as the price dropped, finally getting a sell confirmation at 45.25p and barely 1.5% after costs. Not worth the stress, but the sell orders are building on level 2, 57K now against buy orders of 117K, will keep an eye on it though for a turnaround...

Bought early on at just under 44p. A 200K buy just went through at 50p (above offer) and the shares are now in auction at 48p.

2-1 @ 37.25-28.25p (4K-8K) Buy volume 330K depth 29 Sell volume 24K depth 15

Was watching and contemplating another small punt at 35p, when the share price leapt and went into auction at 39p. However, I'm trying to talk myself out of second (or third) day trades in the same share, best not to ride the luck too much. Always better to walk away from a trade with a profit I think. Steve may be getting his money back and a bit of profit too...

Certainly a low market cap at £15m but it's the recent profit warning and very high level of debt keeping the shares subdued. Discount intangibles and net debt was almost £130m at the last full accounts. The company is close to going under, but has significant potential for recovery if the management can turn it around. I considered a small investment around 12p but decided against until the business is secure.

I know how we all like a recovery prospect. Motor over to ARG...

I'm out too, 35.74p, just so difficult to trade, had a confirmed 36.98p which then errored out at the last second. L2 showing 208K buys against 80K sells now.

Auction price dropping now, 37.5p...