Member Info for Gravenhurst

I think any shorts in CFD or Equity Swaps are not registered

I am now a buyer under 70p because even if no one else actually bids a raised bid by Bidco is very likely

This will be done and dusted by January maybe another bid but unlikely

in a better private equity environment another bid would be likely

Oasis have accepted the offer so I am out

When is the 3 quarter update anyone

Over 10% of the company changed hands today

I think I know the seller

Let’s hope the buyer is Oasis Management it will send their shareholding to near 30% with hopefully a full bid to follow

I am a buyer below 40 all sold this morning

I was told a long time ago “buy on the rumour, sell on the news”

The share price is about right until write downs are finished and the market is more optimistic about growth

298,000 at 41.05 nothing really I am a buyer under 40 now in anticipation of the interims in September

I think there will be a massive cross tonight

Check the volume timed at 16.35

If not just a bit of market manipulation. I did buy a few CFD’s below 41 so I am delighted here.

Who is COM

If we all think all the businesses less Waga is worth £200 million and Waga in this market is worth £200 million then the total per share equates to 53p a share. With net debt at 21p a share we are currently trading at a premium.

The company needs to start making a profit which can only be achieved when it decides to stop writing down over priced assets.

The doesn’t seem soon looking at their balance sheet.

I paid far too much for this stock as a hedge against selling a small restaurant chain in 2021 thinking I had sold too cheap.

The original decision was spot on, which I am glad about, I now trade this stock through CFD’s a seller above 45p and a buyer in middle to late thirties.

I hope the optimists here are right and my original hedge comes right ( stuck in ISA’s average price 65p) but I really think that a net pretax profit of 10% on a turnover of £1billion, without any write downs, is some way off. That would a dividend and a p/e of about 10 and a yield of 5% on my original price of 65p which would make me much more comfortable.

I have taken all my sell limits off. I think this will drift up to 45p possibly 50p again

Then if Frankie and Bennie’s is profitable combined with B&P should fetch at least 40p a share

Does anyone think Frankie and Benny’s is a liability

Inflation figures are god too could we see 50p again in short term?

The Buyer is back

It will all be about the corporate action in the short term
I am still a strong buyer around the 35p level

Hedge Fund Oasis takes a 5% stake in RTN

Limit on at 35p fingers crossed on a bit more weakness when Wall Street opens
This would give me an average cost of 45p just above the CEO’s 42.5p purchase

I think there is a large buyer at this level and to stop the stock from getting too far from here pulled back on Friday and dropped his price.
There was a large turnover around 33 reported late on Friday