Member Info for GoCPI

I did think that CPI would open a fair bit lower today with all the negative US new yesterday, and then close up. WIth any luck that may happen and is a good technical setup.

SIVB was down another 63% in the pre-market today when it was halted pending news. Contagion fears may push the fed to not be not too aggressive.

NFPs came in as not that hot - yields across the board are dropping as the fed may not need to hike as much, and with what's happening at SVB, they won't hike hard anyway

@Eatstocks - no, I'm not on Wikipenny. I think of myself as a top-down investor. Macro first, analyse the sectors that could be impacted within a certain macro setup and then look for value companies within sectors that I'm comfirtable. I follow US macro very closely as that invariably has the biggest impact on stock prices globally...

"Will we see 30p again? Would be a great buying opportunity if it does. " I'll be buying hand over fist, if CPI gets closer to 30p, even at the expense of over-exposing myself to a single stock. I've been chopping holdings in other stocks, both UK like Rolls Royce, European stocks like Philips, Stellantis and international (Canadian) oil companies - I can't see them holding up if there's a big slowdown, albeit a short one, IMO.

Trisor, it's the monthly US Non-farm Payrolls report out today at 1:30 PM UK time. Last month's report was very hot and that's pushed up treasury yields substantially and that's created the bout of uncertainty in the markets. A largish regional bank in Calfornia, Silicon Valley Bank, plunged 60% yesterday as they suffered huge losses on their long-dated treasury bonds and had to raise additional equity. The worry in the market is if this is an isolated bank situation or if there are liquidity problems lurking in the wider bank setup, even though capital adequacy at banks is generally very good.

These volatility bouts creates opporunities to buy stocks on the low, I suppose. I haven't added any CPI recently, but have sold plenty of other shares and stand ready to buy more if we see a bigger drawdown from here. I suggest that the NFP report today will come in a bit cooler and the upward pressure on yields will back down - that's my take. We should see a risk asset rally over the coming days, even today. If the NFP does come out weaker, Ill look to add some shares in my favourite holdings - CPI included.

Some of my Rolls Royce will be chopped tomorrow morning. I'll look to buy some CPI in the coming days - I just don't know if CPI will be as anti-recessionary like it was back in 2008, but even if not, I'll keep adding if we drop more from here closer to the mid to low 30s - nothing can be ruled out if we're tipping into a US recession.

Near term volatility is back again. US markets tanked and near term could be rough - we could open down tomorrow, but I'll bet my bottom quid that we'll be fine at the close of play tomorrow.

I wish I had an answer - there's probably some profit-taking going on. That's the usual suspect and we did have a great 50% plus run in just about a week. I'm holding!!

Lol, you were right, Aimster. To each their own and never judge. NF got stuck on a trade in CPI and finally was in the green and cashed out - none of this a surprise. He'll no doubt now be back to baiting HBR shareholders on their board. Or he's possibly in there already for a trade. ;-)

And for those sceptics out there that thought we sold People pillar on the cheap the other day, this pre-screening company sale is part of the People pillar and with the sale a couple of days ago, we'll now receive circa £31m for these 2 sales in March..And more to come

Onwards and upwards

Love it - Thanks Philorkil!!!

The SP does its magic and keeps everyone happy - generally speaking. There are always agendas on these BBs and we may or may not be able to see through all of them. All long as we keep getting information we need on here to make an informed decision, it can only be healthy. People trade, people invest, and you can see how that influences what they post on here. As soon as someone else, they start expecting a 15 to 20% down-move - Lol. Ditto for trding pumpers on the other side.

The market is still deciphering what a fed induced recession or a big slowdown in a couple of quarters could mean - I sit on the positive side WRT to CPI - I think it can prove anti-recessionary. But, you can't rule out volatility bouts where there could be drawdowns - that's just how it goes.

There are plenty on here like NF and others who keep providing news tidbits - every little helps.

"Is it just me who has side pictures of women in underwear & very attractive young Ukrainian women wanting to meet a 70 year old or am I just irresistible?!"

ROFL.. :-) It's you, Culley - you're a bird magnet, pure and simple.

"GoCPI £480m debt is always a concern mate ,but wait and see".

My goodness me, Volcano. I'd think that we can stop just quoting headlines and actually delve into and analyse what the true financial debt actually was? Real NET financial debt is £85.6m, as Culley01 just confirmed, as of 31/12/2022. The rest of the 'debt' is POST-IFRS lease liabilities over the next years. They have no debt covenants associated with them and lease liabilties can be brought down by closing down offices and handing them back to lessors. The real debt number that matters for the market is financial debt and that'll be below zero by 30/06 (more cash on hand than the gross debt on the balance sheet), assuming all of the asset sales close by 30/06.

So no, debt doesn't matter for CPI!!! Onwards and upwards, even if the SP leaves a few weak hands behind!!!

And how is THG impacting CPI? Obviously, good old JP was very hawkish in his congress testimony today, and that's pushed up yields and pushed down risk assets, including tech. THG sits partly in that space and it has gone up circa 40% in the past 5 days, and profit taking was overdue - is any of this a surprise? Nothing ever goes up in a straight line - simples!!

CPI held up fine today and long may the trend continue - As I keep repeating, if 2008/09 is a yardstick, CPI can be a great anti-recession play, now that debt is no longer a concern!!!

And to add, I intend to ride a very big majority of my holdings up above £1 and I believe it can get there - it's never a straight line, unless someone makes a bid for CPI, and there will be ups and downs. That's how stock investments work!!

I'm generally happy to share my investment rationale for a buy in a value stock, but then selling at a point in time what you've purchased is a personal decision and that depends on your risk attitude, economic outlook, capital protection, etc. If someone's been bitten previous, potentially many times, then I can understand why there'd be nervousness to hold. I've personally left a lot out on the table by selling too early. I still remember buying 4k shares of Lattice Semiconductor for circa $3.5, sold out for circa $3.80 or so a few months later, and today its a 90 bucks share - I still wonder what could've been. And I've had many such bad sell calls on Nasdaq tech shares from about 10 years ago. OK, it took many years to explode to the upside, and I'm not suggesting CPI will jump 30 times from the 20p low anytime soon, but your time horizon plays big part in that call.

Maybe sell a small % of your holding and hold on to the rest - that way you won't feel miserable if CPI falls a bit for whatever reason. GL with whatever you decide!!

Spot on, Fraya!!!

@Trustfund - "the thing is I am gambling £17,500 per penny on this so I could lose a lot too". Wow, that's a huge spreadbet/CFD position. That was a good 'gamble' though and I'm not sure of your investment time horizon, but there's always a case for taking some trading profit and keeping the rest for medium/long term returns. Good luck however you this. Personally, I'd trade 15 to 20% of my portfolio at an appropriate and wait it out with the rest!!

Agree, Trustfund!!

May we all make money - a lot if it, to boot! :-)