Member Info for DD77

I appreciate the balance you bring Genghis

Marshall Wace increased their short by 0.11% on Wednesday (I'm sure they weren't leaked any news the day before results). So total shorts stand at 3.31%

SP is in free fall

Be very difficult to regulate that

Sorry I don't believe in witchcraft.

And Wizz have undeniably made mistakes (hedging being one) but they are far from the only airline to have done that. Norwegian to name another fell foul of that.

The industry is notoriously volatile, and the present geopolitical challenges exacerbate that. You only need to see the number of airlines that go bust or need bail outs to understand that. There's a long list, even in this country - Flybe, Monarch, Thomas Cook

Ryanair benefit from first mover advantage and have established themselves in key markets. Wizz are a challenger and are rapidly growing but don't have the same benefit. A large portion of their business also have a different demographic - eastern europe is less affluent than western europe. However, none of that puts me off

Some chunky buys too.............this SP doesn't half move quickly so strap yourself in for a ride

David - the difference is explained in results. Do care to read the RNS.

In response to a previous poster's question on net debt - this is broadly unchanged at £3.9bn, but there is a £500m bond which matures in Jan 24, which they will be paying from the £1.8bn they have in cash.

Results were fine, next 6 months critical to navigate, particularly from a geo-political perspective. If things settle down, then we should see a significant re-rate

No chance of an equity raise at 15p, that's over 10% premium to current SP and the markets are dire, particularly for those seeking capital raises with current interest rates. 10p more realistic and that's if the SP doesn't fall further

Now upto 7.54%

Agreed, was better than expected and H2 certainly seems to have been more stable. Some forward guidance would be useful, but I'm surprised the SP hasn't reacted more positively. Nothing seems to shift this SP it seems!

Shorts have only reduced marginally, from 3.22 to 3.20% as things stand...........a step in the right direction but more needed to turn the tables here

RRJ43 - you were dumping this stock in July, now you're waiting another 6 months. Make your mind up

The rise was clearly because of Dowgate Capital taking a 5.72% position here. Now what they know that others don’t, one can only speculate

Yeah agreed. This share has been on my watchlist for a while but I have held off because it’s always challenging scaling up a business, particularly at the pace they’re looking to. And some people may be out of their depth.

Feel sorry for shareholders enduring this pain but it looks like it’s going to get worse before it gets better (if it even does). I will continue to watch and monitor but it’s not an enticing prospect to invest in atm

It does look like shorts potentially closing

All these posters commenting how they averaged down at 14-15p...................course you did haha

In fairness, I don't think they expect most their revenues to come from the Xfilter. Their near term revenues will be from the denim finishing market, with some from Xorbs

I struggle to see how it could be 7-9 million to break even. They're spending over £5m currently a year, so margins would have to be really big to achieve break even off that level of revenue

Shorts have increased in recent weeks, now standing at 3.11%. Not hugely significant but it has increased from 0.6% at the end of June, which directly correlates with the SP fall we've seen. It's probably going to be a challenging 6 months SP wise, but it can bounce back quickly, if geopolitical conditions subside

He seems to be confident in the future potential, even in spite of the SP fall. Anyone know anything about him?