Member Info for Hyppie

Did I just say USSR? I may be living in the past. It's nice here. No masks.

I'm out for now as well. The risk in this share was always the Ukraine-USSR tensions. Will wait to see how it plays out and look to come back in if things appear stable.

So called vaccine passports would be an absolute disgrace; an unacceptable infringement on liberty.

For a disease that kills a vanishingly small % of those under 65 to result in all of them having to have experimental chemicals injected into their bloodstream with entirely unknown long-term side-effects just to be allowed to have a pint in the pub with their friends. Sheer idiocy unless your a pharmaceutical investor.

Dystopian medical tyranny. It boggles my mind that this is even being contemplated.

It's currently priced as if it has a solid 80% chance of going bust. That would make this:

we are having discussions with our banking group about the provision of covenant waivers for the second half-year, in the event these should be required. Whilst at an early stage, those discussions have been constructive.

the most relevant part of the RNS.

Per the 2019 annual report...

Net current assets 811m.

Of which goodwill: 230m.
Other intangibles: 88m

Assuming we accept that property values remain constant, that makes it circa 490m tangible assets is a company with a current market value of circa 210m.

(disclaimer: back of hand calculations, DYOR etc).

Doesn't make the claimed levels of intangibles reasonable.

The main concern for me is the profit percentage. 50m profit on a 3bn turnover does not allow for much more margin for error. Then there's the balance sheet which is a complete mess...900m+ of intangibles? Dream on. It might yet turn around and if so this is an absolute bargain, but it does have the feel of betting it all on black.

IC have made Marstons one of their tips of the year, which might have sparked some of the interest today.Given how their tips of the year performed last year, though, this isn't exactly something to write home about.

Trading update next week should spark some discussion, although I'm hoping for a nice as-you-were update. Still believe this is worth 800p and hope to get there this year.

Being so cheap already should immunise it from a huge fall and there was some positives with online sales growth continuing apace. That said, you don't have to be mystic meg to see that the share price is certainly going down today sadly.

Yes I suspect the massive interest in bitcoin/crypto has done wonders for IG's bottom line over the last few weeks leading to today's rise as in plus500. Great start to the new year.

Yup I've been on board for most of that. Personally think it can go a fair bit further, and still with a nice yield for next year too. See if we can get to 1000 over the next 12 months.

There is a year 2000 vibe in the air with modern day internet companies. It's not quite as bad as the year 2000 in that at least most (all) of the silly-valuation companies at least actually make a profit. Still, that those companies are in for a major correction sooner or later should be readily apparent.

Just glancing over this year's annual report states online sales are at 478 million, up12% on the year, and reported turnover was in excess of 3 billion....giving rise to 95m profit before exceptionals and a 10% dividend. Assuming these figures aren't just pulled from the ether, this is an absolute bargain with a market cap of 409m. It's interesting to me, when comparing debenhams with boohoo, that Debs and boohoo both made about the same amount of online sales this year, debenhams is more profit-generating overall, is certainly better known throughout the populace and yet, somehow, boohoo is apparently worth 5* as much as debenhams on the open market. It's hard to believe in the efficient market hypothesis when that kind of thing happens. Anyway...I'm very bullish reading this annual report I must say. Insanely undervalued company...

You say that, but whenever I go into my local, there's always a bunch of young women getting their make-up done or somesuch. I think it's way undervalued and I'm just trying to decide how many to buy.

Boohoo might well be the better company, but you wouldn't catch me putting a penny into it as an investment. A good company on a 50+ forward p/e is nowhere near as good an investment as an average company on a 6 forward p/e. Boohoo could keep on growing and cost you a fortune, debs could stay exactly where it is and make you a fortune.

The difference between this and greene king today is amusing, at least to those of us with only a marston's holding: Marstons: +8% Greene King: -8%

Look very good to me. This deserves to be a lot higher.

Bottom line seems fine....but golly gee I just wanted to invest in a nice boring company and instead I've put money in bloody Family Ties.

It's my lucky day...I got back into this after the dividend delays yesterday. Sometimes it's better to be lucky than good I guess.