Im hugely f off owning this. GKN has been a disaster. Paying £3bn premium on market cap was always going to be tough, winners so far are gkn original shareholders. Nortek sale is tripe. Mro were market cap £4.5bn prior to gkn and brush was only worth £100m. Market out of love with mro. Who cares about a special dividend when the sp is 15p off a two week high…..
Kraken It is just virus sentiment. Variants - India etc. They are really going to up their vaccine rollout in May. I can't believe the price at this level of oil. The cash and EBIT are sound, just not the SP.
No idea whats going on. Trying to ignore the news, full of india and brazil gloom. Trying to work out if india is bad, 200,000 new infections a day is no worse than 10,000 in uk (given population). I only took a small position here at 17.5p. Looks like i may have to average down.
No idea where we are going with covid until uk govt confirms vaccine effective v variants.
£4bn + market cap before they bought GKN. So to me this isn't good (Brush is worthless). You could have just sold shares back then and made a lot more. The winner at the moment are the GKN shareholders. I still see this coming good but a lot of work to do. That GKN pension deficit has been a howler.
Smalltrader, i always dip in and out. Just got back in. I always know its coming back down, i never believed we would all be jetting off this year. But at this oil price enq is making a fortune and the new acquisition is looking cheaper. I just cant hold long term anymore, certainly saved me losing on pmo.
PRD - good read thanks for sharing. I was annoyed at how blasé Boris is going on about 3rd wave coming to our shores. I would like to think the 30m vaccines down will count for something. I never fully bought the huge demand spike for summer but if they don't get tourism back to places like Spain then the EU is going to see member's default. As a remain voter its pains me to say this - "I am glad we are out", they are sowing the seeds for their own end now.
Mrc, got to laugh at the panic a drop from 70 to 69 creates. When it was under $30. Ebitda of $1bn at this rate surely, be nice to see debt under 1 as a multiple. Not seen that in tlw or pmo (pre merger).
Are you on drugs? I am sure SNT (whatever that is), know that they need a margin out of a contract - this is something WSG have never had. they spend it all and more - that is the objective of the BOD, to make a living out of SH cash.
Wonder if oil will spike as lockdown lifts. I see China comments have booted the markets today (very helpful. Its normally January when the whole China demand propaganda campaign is started by hedge funds to achieve their lower by in. F knows where anything is going right now.