Member Info for HarryCaul

Saint Gobain old Boy!

Actually, if you have the time, check out how many companies make up the main group of St Gobain. Most are materials based and of course the massive Glass business. But, there are so many subsidiaries that could utilize Chamberlins manufacturing and Engineering skills - the biggest problem would be keeping up with capacity!!

It's easy to forget as well, that they own Jewsons , Gibbs and Dandy and many other merchants - how many cast products do they carry?

Exciting times.

What are people's thoughts on Belton?

Was it all on him?
Has there been friction there for some time?

Just throwing it out there for discussion.

Some weekend Twitter discussion happening - all positive.

Let's hope so - long overdue.

Nicely put.

Markets flat, and the seller is out knocking bids in. Same old story. Spread bet punters in the red for the week, will throw in the trade for the weekend.
Rinse repeat.

Shoddy.

Most of the Aim chats are dead - like the stocks themselves.

We've got nobody to play with.

Scraps have been bought back, doesn't appear to be a seller down here, back up they go.

Oooooh, looks like somebody's buying a few scraps (back).

BTW - just for perspective £50k of stock traded today.

Unremarkable.

There's always shrewd money out there to pick off the low hanging fruit.

Couldn't agree more.

I think for a good chunk of punters in the market, who have probably made significant money easily during the past 5 years, this is their first taste of a Bear market. With that, it's probably the worst Bear market we've seen in a long time (if that isn't true, it certainly feels like it).
It's utterly soul-destroying at times, and you need a strong pair of pants at times just to get through.
Hopefully better times await us all.

I hear you TT

Frustrating in many stocks at the moment.
All I would say is that it's still relatively easy for some of the bigger traders to pick tops on percentage moves and drill them back down. I think this is especially the case in situations like this where (rightly so) people are bruised and battered and don't really have the stomach for digging in. It ends up a repetitive cycle.
I think we have seen some bottoms in some names at the small end of the market - especially in the Resource Sector. But so far it's not trickled down with any conviction to these types of situations.
On the positive, yesterday's Board announcement was strong in my humble opinion, though it will be a while before his full impact on the Business is felt. The contract win also was a big positive.
On the plus side, if there are any further positive RNS statements to hit the market, then you could get the mother of all squeezes. Opening up short positions at 1.8/1.9p is ballsy if you're not 100% sure that you're going to get stock back lower (which sadly sometimes seems to be the case, especially when placings are concerned).

Does anyone know what the borrow is at IG right now?

Correct.

Miton has increased from 5.8% - 9.68%
Armstrong Investments 4.38% - 7.3% - A relatively new holding for them.
Chelverton decreased from 8.6% - 7.15% as a result of the dilutive nature of placings. They haven't sold any part of the holding.

So, effectively Miton and Armstrong see value down here.

Circa £450m Market Cap as a minimum requirement.

Can you explain how you're arriving at that valuation? (apart from stating Geographical locations).

Don't be too downhearted Joe. These are some of the trickiest and most dangerous markets that anybody has traded in a lifetime.
The big disadvantage you have in AIM is that there are some seriously clued-up traders on here, who trade large and often know more than the average punter. Throw in the minefield of various cash-raising exercises that are often a little more exotic than a straight-up placing, then you really do have to have your wits about you.
Tread carefully, read figures properly, take nobody's word above your own, spread risk and don't fall in love with stories. We all do it from time to time, and it rarely ends well.

Good luck

It means during yesterday's trading, the stock spiked on retail demand triggered by the RNS. Somebody - probably a High net worth punter who got involved in the cash raise (IMO) knocked out some stock into the rally.
If he was aggressive, or ongoing chances are the stock wouldn't have pushed through 2p. Or, if they were slow off the mark, they would have re-loaded into the afternoon to get some more volume done.
Without being sat in the Brokers's seat, or the MM who worked the order, there's no way of knowing what they will do today - crystal balls and all that.

f you think they're heading back down to 1.4p then get on the phone to IG and open up a short position. If you think they're heading back up to 10p (like some on here) then buy them.

Anything can happen in this stock, it's been a sh*tshow from start to finish. But, it doesn't mean its not worth trading.

GLA

I don't think Andrew Waters would have taken up the position if he didn't think there wasn't any upside from here.

We'll keep an eye out for any RNS, but in the meantime, I read the appointment as a huge positive.

What do we think the chances are of the 3.75M print being a Director purchase?