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'Why would I wish to follow you anywhere.'
No idea what wishes you have in your head mate. Doubt even the psychiatrist wife got that worked out.
But follow me you did & then posted a repetitive rant of largely fictitious assertions to try and discredit me. Total bullyboy stuff but it seems to have been as inept as your typical investing theories. Nervous bout Tuesday, are ya? Betcha are, old chap.
That's nicely summarised jongle
Indeed, pompous plod has followed me to the Asos board (ironically accuses me of being a troll!) to spread lies and slander. Bullying sort of stuff.
Though he did recently refer to having been on the doors in younger days. I presumed he meant he sold them at B&Q or somewhere similar. But with that hair-trigger temper, who knows? Mind, combined with the paper-skin, it's hard to see how door-work could have went well. Would have been a liability at it; about as successful as his string of disastrous investments!
Have a lovely Sunday everyone. Even you tradey. Perhaps catch up with the wife, the family (if they can stand you), the retirement hobbies, etc., instead of wasting the depleted energies of twilight whingeing obsessively on forums.
But do find time to get the extra-strong denial sauce ready for Tuesday's reality burger – your gonna need it mate.
This is all with UK holders in mind. If you already have certificates or convert your nominee holding to them, what happens to a dividend if Poly pays one and you DON'T have the Tabys app registration to receive it?
I expect the Boo results to produce a similar but less severe response from both Boo and Asc.
There's a good concise article in the FT explaining the problems of online fast fashion. Accordingly, the difficulties are structural and sectoral, rather than.much to do with a specific business. The basic message is that the economics of these companies are fundamentally shaky and with the anomaly of their perfect moment – the pandemic – now past, the underlying facts have quickly re-asserted themselves in the equity valuation.
Yes Zebra, there's lots of uncertainty. I'd like to hope brokers will be in touch with clients with guidance on how it will work on their specific platform. But perhaps they're not fully sure of the detail of how it will work either. It's such an unusual situation.
Relieved to only have a speculative position and not a material investment here. I've got lots of sympathy for those PI's that are having to make decisions under uncertainty about substantial amounts in the tens or hundreds of thousands. Not to mention the complication if these are in tax sheltered wrappers like ISAs & SIPPs. Good point re. the prospective yield for investors with large enough positions to make the extra faff worthwhile.
Wednesday looked like classic panicked sellers with a kneejerk reaction taking it down to £1.25 Jotom. I agree that buyers - be they institutions or individuals - are probably those for whom a move holds no fear. I'd add that there'll be gamblers in there too after a moonshot and much smaller punters playing with fun money. It'll be very surprising if there aren't plenty of sessions that feature huge intraday swings.
Hi Jotom. The London listed equity is still worth over £1bn, so I'd not call that a firesale valuation. At the moment, holders are not forced sellers; but as suspension and delisting draws nearer and nearer, any holders left will be forced to liquidate (or their broker will automatically do it for them). As that proceeds, I'd expect the equity valuation to fall sharply and towards zero - stock that changes hands then will be at firesale prices.
I'm surprised it's grinding upwards too because recent events make it, to me, almost impossible to estimate a value for Poly's London-issued equity right now.
Only a couple of possibilities come to mind: institutions are content to accumulate here without demanding firesale prices because they expect to soon be able to flip shares after the redom for what they anticipate will be a large profit in any case. In other words they're seeing a big margin of safety for their purpose and so are still willing buyers at this price.
Private investors with high risk appetites are buying too in speculation that they can also net a quick profit (albeit with more complication, and certainly greater risk than the big boys), and that's been supportive so far of the upwards drift of the price around this level.
Issuing an ultimatum as a threat surely contravenes posting rules here on the ol' LSE boards.
You're spot on DT.
Boo have no unique selling point; no brand that people are going to pay a premium for because they can get similar cheap clothes from Primark and other retailers with less hassle. These other retailers have much more established business models that include aspects to ensure margins can be kept healthy, despite the intrinsically low value of the product. Fast fashion that's online only is really lacking that.
The hype of being new and the boost from the pandemic have completely worn off now and valuations are coming back to levels far more in accord with present value of expected future cash flows. The sector is great for producing very tradeable shares, but overall, it's not investable. I can see a few years time where this wave of fast fashion businesses get compared to airlines in terms of their intrinsically poor economic prospects for overall profitability.
Thanks for the info Foor - that's very useful to know.
I read the set up instructions for the app. To complete the process, you have to send them a photo of the bank card of the account you want to link to. That's a red flag to me: if it goes wrong in any way, someone has all the details they could need to drain your account. I can't imagine any UK bank account reimbursing an account holder if funds were removed in this way.
It's common to at least one of the other brokers that deals on AIX too; and they want a selfie for god knows what, as part of the application process.
Can't say I understand much of that reply cheque – it doesn't really follow from what I mentioned.
Agree, it's worryingly opaque and doesn't give me any confidence. From the look I had, you have to contact them for a chat - a bit like an interview is what it sounds more like - about your requirements and objectives. In other words, opening an account is by no means a given and at their discretion. Those with a few mil versus those with a few thousand likely to find the path smoother I'd expect.
Halyk looks, frankly, dodgy. And unless you're fluent in Kazak, good luck understanding the T&C and associated documents you must agree to to open an account.
Despite the uncomfortable resemblance in name to freedom fighters, Freedom Finance appears at least tractable, tho still far from desirable.
As for paper certificates, if I understood right, they're discontinued shortly after the redom and converted to an electronic record in the AIX app (Abry / Aby ?) which is still 'under development '.
It's not an appealing set of options.
And what of the innumerable times you haven't equivocated and insisted instead the MMs, shorts, hedgies, etc., must all be in collusion as the explanation for the SP crater? Conveniently ignoring those times?
Anyway, no point in you trying to answer. Too boring and easy to keep unearthing your lies ,so I'll leave you to stamp your feet and wave your rattle for the rest of the week, before the upcoming reality burger.
'I'd guess because the share is being manipulated'.
Itself, a guess. Repeating ad-nauseam doesn't make it become true. Hard objective evidence is the only starting point for that. Groundless speculation which implicates other market actors - individuals or groups - could be defamatory and a basis for libel.
'For the contributors I reference gazillions, being you, Moneysponge, dc2007 and Jongle, you have all referenced yourselves that you have no investment here.'
Speaking only for myself, this is yet more lies from the serial liar. He can't tell the difference between truth and what he makes up all by himself. Although I couldn't care less about these ramblings or doing one iota about them, it's notable that they comprise of one slanderous statement after another.
And ironically from a person who really seems to believe in their moral superiority! Such a troll; full of rud. Absolutely chemical.
Ah tradey mate, nice to see you. Most of that post is lies (apart from the 27p) that u keep trotting out. No wonder you approve of HH's potential for porkies. P.s this would be a perfect buy for you to repeat all your Booboo mistakes and lose another 50% of wedge sharpish. Have a fun descent & try moaning a bit less when you lose!
Breathtaking. Because the R word got a single mention as far as I can tell.