Member Info for Jab1tt

Just bought in at 440. Did not realize the spread was so large.

Does Clipper operate a road haulage business itself or is it purely logistical?

I see the Naked Trader bought in on 14/9 at 440p per share. Unusually for him the S/P has fallen since so think it is a good time to get in now.

Correction to my post below. There has not been a right issue recently. I could have sworn I read that there had been.
I also note that director has been buying in March for 98p per share.

According to Morningstar, more than 100% of shares are held by institutional investors, so very few held by us PI's.

SP has fallen so far from the rights issue that all are wary.
Could be a long wait.

Here she goes......, but I added too early yesterday.

Anyone got a clue as to why these excellent results have not see a SP ?
Only reason I can think of is large build up of SP recently, therefore profit takers?

It is a known fact that Covid 19 virus disappears from all work surfaces within 72 hours and for all we know ,99% of the virus might disappear in 24 hours so perhaps not such a big deal.
And how many cows are suffering from bovine Covid. I've not heard of many?

Possibly but I think it was assumed that the SP would rise automatically so that the SP offsetting any dilution. Whichever way you look at it, it's a further 11 million shares about to descend on us.

Hardly a steady decline. The Nasdaq listing only took place on Friday so we must wait for today's developments. At present the SP of UK shares mirrors exactly that of Nasdaq close on Friday, $13.94. However on Wednesday a further 11 million shares (out of 59 million) will descend on the market and there could be substantial dilution of the share price.

Thanks to Big Bobby for the explanation. I had thought that "eligible investors" might include UK RENX shareholders but obviously not. Let's hope the Nasdaq float will be a success and the SP will rise significantly. They are getting quite a discount on yesterdays SP.

Thanks to Big Bobby for the explanation. I had thought that "eligible investors" might include UK RENX shareholders but obviously not. Let's hope the Nasdaq float will be a success and the SP will rise significantly. They are getting quite a discount on yesterdays SP.

The ADR's are priced at £5.37 ie almost 20% discount to current price. Anyone know if UK shareholders can participate?

That price is £50 mill above present SP.
Do we have a right to subscribe to the offering?

Expected PBT was 485 mill. Result 368 mill. Hence fall in SP. No mystery. Revenue was also slightly down on expectations.

Looking on the positive side, any SP fall in my view increases the likelihood of a takeover a la Safecharge.

Yes. Every holder will have the right to apply, but given the number of shares up for sale number of shares you are likely to be able to buy will be very small, depending on how many shareholders will take up the offer.

These early trades are all buys. I know because my buy has come up as a sell.
Fulcrum now has no debt, £5 mill in cash and two active supportive partners. What's not to like?

SP still crazy. March results show a profit of 9.2 mill - up 15% and net cash of 12.4 mill. At this price the share is a steal.
Where are the buyers?

With the PE as low as it is and interest from Regent, surely the only way from here is up.
Plus it's a great little company which increases profits every year. And should be getting back to work now if they are not already.

Great article by Questor in the DT this morning saying that GAW has the highest ROCE that Questor has ever come across and is now taking advantage of its intellectual property, with the agreement with Frontier developments. Lots more to come. Great long term hold.