focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Agreed Winterfloods is worth at least the current market valuation.
Back of envelope, 10bn loan book, 2bn of which is motor finance say subject to 10% penalty so £200m cost.
Still leaves balance of loan book and Wins.
Very good news MW is reducing, and 1.4m is not insubstantial.
This suggests to me they are not comfortable short of circa 19m shares and will be closing more.
A bear squeeze is a very likely scenario; happy days to come for LTH finally.
I'm losing my faith in this company but the fact that Lord Allen has 2 million shares, at an average of around 64p(sure someone will correct me on that) and MM has a substantial holding and has bought for friends and family is just keeping me hanging in there.
Provisions for defaults on their loan book; 25m and up to 90m. Not a good acquisition in 2017!
Okehurst: I'm not sure how easy it would be to strip out costs on Ingenuity. It seems to be an integral part of the business with the other divisions dependent on it. This suggests to me that they have no alternative but to stick with it and hope it delivers but with the figures on fees discussed to date it doesn't look at all rewarding hence the conundrum.
They have definitely turned a corner for now. For one the balance of the order book is now in favour of the "buys"; add in improving macro environment and positive feedback from Boots plus tie up with Iceland and things are starting to look very rosey for the sp.
M and S trading update Thursday which is supposed to say they have had a bumper Christmas on the food side suggests things are not nearly as bad as the media would have us believe; that can be applied across all their reporting.
Until recently I wished I'd never got involved going long in this stock.
"Dont fall in love with your positions" rings true; quote from my boss back in my city trading days.
However now the dynamics have been reversed for this stock in light of the news today; let's not forget how poorly the share price has performed and I believe that all the bad news is in the share price thus giving a good entry point for a reasonable risk/reward ratio.
Take into consideration the shorts of approx. 64m and the argument for being long is fortified.
Until recently I wished I'd never got involved going long in this stock.
"Dont fall in love with your positions" rings true; quote from my boss back in my city trading days.
However now the dynamics have been reversed for this stock in light of the news today; let's not forget how poorly the share price has performed and I believe that all the bad news is in the share price thus giving a good entry point for a reasonable risk/reward ratio.
Take into consideration the shorts of approx. 64m and the argument for being long is fortified.