Member Info for HarryCaul

New to the stock guys in the last few days, and am surprised by the stock movement vs the most recent RNS.

Some good points made below and all valid.

Can I ask, without being shot to pieces, do we need funding for further expansion? Or, do we think they current upturn in business will support that naturally?

I can't see any other reason for such a soft price right now.

Many thanks.

There's a sell at 9.5 in 1.5 Million and a corresponding Buy at 10.5 in 1.5 Million.

Regardless of who's behind the trade, someone had £15k out of the Buyer!

That's a decent chunk of stock to be fair.

I wonder if that's the seller that's been holding the price back recently?

Really?

This afternoons share price movement was a little over excited.

But, as a Micro Cap company, in a market that is rock solid because of the way lockdown has encouraged people to re - evaluate their living spaces, I beg to differ.

Look at Howdens, Screwfix, Travis Perkins, B&Q - sales off the clock. Head into any Big City where the independent Guys are based selling High End Kitchens/Bathrooms and talk to them - they are flat out with orders. Look at Property prices, look at Developers outside of London turning any plot they can get their hands on into yet another High End Property. It all creates a substantial amount of demand.

Again, forget about today's excitement, and look at the potential going forward.

What the Hell is going on??

Market cap still only £3m!!

Good to see people finally spotting some value.

Just looking back through the last RNS and yes, Alan Charlton non Exec, bought 5M @0.8 taking his holding up to just over 14M shares or 7.44% of the company.

Exactly!!

Try getting anybody in for a High end Kitchen or Bathroom right now. You won't be seeing a Tradesman this side of Christmas.

If JLH turn even a modest profit this year, say £500k or lets go crazy and say £1m then what multiple would you rate the stock at?

Interesting right?

Well, regardless of any 'Confusion' people are dropping money on their houses in a major way.

I would be surprised if John Lewis are not reaping the benefits.

Market Cap is tiny, Non exec Buyer recently in decent size, what's not to like?

Housebuilding.

I had a trip out into the City centre last week to do some research, and it was way busier than I've seen it in some time.

I spent some time time talking to sales staff in a number of top tier shops, and the feedback was that in the past fortnight, people are back and are spending.

By no means are things back to normal, but I was encouraged with what I saw.

On your Brokerage online account, you can work out the electronic market prices on the bid an offer.
So, if the Level 2 price is showing a straight 9-10p quote price, get an online quote to buy and sell in the market size (say 10k) . This would show perhaps 9.1 -9.9 a small improvement both ways.
Or, if someone wanted to sell some stock, they might be cheaper offered at 9.55 and vice Versa.

I think it's always good to remember that it's a market, and prices nearly always reflect supply and demand.

Where are you seeing Dummy Sells? On Level 2 on the board? Or, are you just seeing the prints in the market?

I would of thought the 9.55 is a price that's been improved on in the market. Whether that reflects a cheap offer price at 9.55 or in fact someone out there is bidding 9.55 I wouldn't know.

I'm not sure why you think its a dummy trade? Which suggests it's not real?

I would imagine that he's holding out for a serious offer that reflects the Brand's value, rather than give it away for a song.

The further we move away from full lockdown, and the recovery gains traction, the less likely he is to merely give it away.

Yes, the High Street is still up to its nuts in it's own issues, but that doesn't mean every shop and every Brand is dead in the water.

Good luck to him, and good luck to us all who want the best out of the company.

Return to profitability well underway, should benefit from continued rebound in Equity Markets.

Regarding the 20k - is it not just a CFD Trade?

WH Ireland create the CFD and transfers to the underlying client?

Also, because they are sole Broker and Financial advisor to FCCN full transparency is required under the Takeover rules.

Yes.

There was substantial volume after the Dbay offer, that drove the price as high as £2.35.

As I commented at the time, I believe the Risk Arbitrage Hedge Funds were taking positions in the hope that a higher offer would appear. While that's no guarantee that a higher offer will arrive, it does suggest, especially with interest from trade buyers, that there still is hope of something better.

Also, I think that for Dbay, it's as good as a Win/Win scenario, and I'm sure there's a certain amount of that engineered into the whole takeover strategy.
If Dbay are successful, they can work with the company to create further value, and re sell the business years down the line for X multiples. Or, their strategy flushes out a trade buyer, who will have to knock on Dbay's door with an offer for the Business that reflects the potential of the Business going forward.

It's been a fascinating journey so far, and I'm sure they'll be more twists and turns yet to come.

Agreed.

Joules had an update this morning, and the read through was positive, with sales up as the lockdown eases.

Incredibly quiet, and the share price is on the drift.

Would be nice to see an update.

Now we're talking!!

Up they go!