Member Info for Glowacki

Directors desperately trying to be upbeat regarding trading update today..In reality it is disappointingly mediocre in performance

Rather underwhelming update from the board..Single digit increase in forecast revenue for y/e 2024 is not going to set off fireworks.. It's more steady as she goes..For punters who did not sell,there will be another opportunity as all three newly appointed directors have zero shareholdings,so at some point will buy shares acting as a short term catalyst for SP.But l'm out...

Either the MMs shaking out the nervous investors,or more depressingly insiders getting out..The market makers could mark down tomorrow inspite of good trading to get people to panic sell before later rising back up..Very tricky to know what to do

You could that badly wrong..That was a fundraising which they HAD to buy the shares to avoid complete collapse of the country..Since then,no director has bought voluntarily in the open market..They may do when the company name is changed at AGM.But so far nothing,which suggests the SP is not a bargain

If you read the last trading statement,they state the company has moved from slight cash positive,last year,to a big cash negative so far this year..The company is haemorrhaging cash at present.L suspect they are actually losing money on some of their contracts awarded to them

From 153p to 129p in two days

Hypothetically, if Rolex manufacture a watch for £5,000 and sell it to WoS for £10,000, and they in turn sell it via their retail outlets for £30,000, Rolex make a profit of £5,000 and WoS profit of £20,000..However if Rolex sell direct from their new bought stores,the costs might be tiny bit higher,say £6,000,but can retail for £25,000 (£5,000 less than WoS) Rolex profit is £19,000 instead of £5,000..It's a no brainer they will expand their new stores

So trading update 21/09/23...Notice how Watches of Switzerland directors saw the SP take a big dive and immediately put out an RNS to reassure investors.. JD have remained totally silent on their big SP drop.

This is much more worrying than people believe..Why did WoS not buy the chain of 39 stores..In time Rolex will open more stores..Watches is an unnecessary middle man .Rolex selling direct to clients means cheaper retail price and greater profit margin for Rolex..All that Rolex have guaranteed to WoS is that they will maintain adequate supply to them and nothing more

Don't get your hopes up...No director buying even when it was 50p suggests medium term sideways SP movement

Usually when an SP takes a thumping for an indirect reason,that company's board bring out an RNS statement to allay those fears and on course for trading as per forecasts..However JD have been very conspicuous in their silence on the massive SP drop???

Today's rise is just the market maker pushing up the SP in line with the general market..It's not anything significant lm afraid

I think you'll find the SP is down,not up today..The SP will rise when the market makers decide to raise the price,the buy/sell trades are largely irrelevant.

This will end up the same as the Yorkshire potash mine,where more and more funding requirements will mean in eventual nil premium takeover by a giant mining company who have deep pockets..The company will have to accept as no further funds available to them..

17/08/23...Female director sold 174,000 shares at 19.94p to satisfy a tax charge apparently..She paid zero for the shares,but even so selling at that price is an indication that not much will improve in the near term

18.75p and no substantive director Buying..No announcements of contract wins.Shorters increased activity and no takeover speculation..l think those in the know are getting out in preparation for a trading warning.. Otherwise it makes no sense (no smoke without fire)

It is amazing that no private equity has bid to takeover the company..It has some big, valuable contracts,and also worth a lot more broken up.

No directors buying,for several years, even when it was below 2p a couple of years back..No takeover offers either at that price.This tells you a lot that the company is basically worthless.

Even when it relisted at 50p,no directors bought shares..Read between the lines.. Company is not yet out of trouble it seems

FTSE is down due to poor economic indicators from China..This means miners and metals etc demand will be low.. FTSE 250 is down due to sudden slow down in British economic activity right across the board (except travel and tourism)