Member Info for hearts2000

It doesn't. Close Brothers equity value or net asset value is only £121.8 million.

The Misrepresentation Act does not apply because there was no misrepresentation.

II have whizz air at 1400 to buy and 900 to sell ??

Based on an 80% equity swap for debt and a new market cap of 250 million, I value the stock to be worth 10 pence a share.

C26, do you think the production of 1000 fewer cars was down to genuine 'supply chain issues' or do you think it was because the market demand was not there?

C26,

Good work on all the posts and making the right call on Aston Martin.

Feel it could get worse before things improve..

But only down 0.47% on year sales to date.

634. 2024

637 2023

How much did Digital 9 pay for the assets in their portfolio?

So looking at this for first time, this fund has been a stinker! Where did all go wrong? The assets are being sold correct? Why such a difference between share price and net asset value?

Who saw the rights issues coming? Debt for equity OK, but the rights issue is likely to be painful

Thanks for the tip about LABS, I looked into this yesterday having read your post and took a position, having liked what I read about the fundamentals.. 8% increase today.

SSP: Market cap of 1.3 billion. Operating profit forecast around 200million.

Mobico; Market cap of 400million. Operating profit forecast around 200million.

Why would I invest in SSP compared to Mobico?

Depends on the amount or extremity of the dilution that you predict. Negative scenario; 19 new shares issued for every share would mean current shareholders would loose 95% of their current holdings. The value of one share is then worth £0.75. However, in reality a dilution on these terms may only result in a 50% fall in share price, hence a value of £7.50 a share.

Where is the value in this stock? Apart from hope it is taken over?

Previous profits during covid mean nothing as this was a one-off situation. Every other year this stock has made only small profits or losses? Where is the evidence this stock is undervalued? Any thoughts?

Https://www.fitchratings.com/research/corporate-finance/fitch-downgrades-petrofac-to-rd-on-uncured-missed-coupon-payment-19-06-2024

Https://www.thearmchairtrader.com/uk-shares/petrofac-share-price-short-trading-lse-pfc/

This company has a 2.5 billion turnover and market cap of 50million.

For that reason ALONE I have taken a punt.

Mobico profits are 180 million a year.

x 10 years future estimated profits = 1.8 billion

1.8 billion - 1.4 billion debt = 400 million.

Was thinking the same lol