Member Info for jamrock

10p and under was dirt cheap

Still cheap

250,000 buy. I’m tempted to play. Someone must know something!

Does someone know something is coming!. If so it’s naughty because many were scared into selling cheaply this morning

Not one for the faint hearted but strangely enough it’s bounced quickly this morning and some decent buys. I’m on the fence

Sentiment will change this will one for people to tuck away for sure. Less risky than investing in something like Argo in my opinion

This definitely has the potential to to fly which was demonstrated a week ago when it flew to 24p however it’s always going to be volatile and linked to bitcoin. I personally feel the risk is more to the upside and any news flow and it moves extremely quickly. At this price the risk is limited and if I bought a lot higher I would definitely top up at these levels. Bitcoin and blockchain have had a tough year but that can change quickly in this environment.

Slipperz
People with Limited companies are able to offset costs and get lower tax rates and hopefully the government understands they may force accidental landlords or pensioners with an extra property they encouraged them to buy to top there pensions may be forced to sell.
How can have a system that benefits larger investors and diss advantage ordinary or accidental landlords. These are the unfortunate people who will be forced to sell and given there full rent is taxable income they will be forced to pay higher capital gains tax because they are pushed into higher tax brackets but don’t actually get the money as income.
Many conservative members own huge property portfolios but use lTD companies but accidental landlords don’t so you decide if this will force people to sell or not but I along with the articles I posted believe many will be forced to sell.

Slipperz
Thank you for your comment but did not miss understand at all. I think it you that miss understands the bigger picture. As interest rates rises and landlords are being taxed on the rent and unable to offset the mortgage charges they will find themselves in a situation where the is not enough left to cover the mortgage which will force them to sell to survive. Then they will be forced to pay more CGT and the government benefits.
Example £700 rent, higher rate tax @28% £196 leaves £494. Less insurance cost, mortgage costs and repair costs. Many landlords on SVR will be pushed into a loss making situation. Then they have huge costs coming to ensure EPCs comply with a rating of a C at a aversive cost of £10,000. Sorry but no business can survive in these situations and will be forced to sell 100%

https://inews.co.uk/news/politics/conservatives/rishi-sunak-wife-akshata-murty-prime-minister-non-dom-family-net-worth-1930100
The biggest debate is should Rishi ensure everyone pays far taxes. He plans to tax landlords higher and is failing to ensure his wife pays back the last nine years tax she dodged.
Tax all companies fairly sending profits abroad and stop insulting Joe public and raising taxes for ordinary working people who have been burdened as a result of high interest rates which is under this governments watch. Think of all the young children fed a load of rubbish about owning their own homes. They must must be now thinking how did we fall for the governments rubbish with the promise of low interest rates.

Glad I sparked a debate about landlords selling and at least it’s getting a response. The three quarter per cent rise won’t show any effects until after Christmas and we will see how house builders are doing. On a good note at least the share price is rising on all the bad news.

At least the spread has narrowed. 1.69p to by and 1.67p to sell so just maybe this is a glimmer of hope

Bitcoin moving higher. Argo moving up but we are heading to 3 year lows after big rise last week. Surely this will follow Argo upwards

Cuvio
I actually agree with your analysis and maybe we get an update in December and reasonable to to expect one. However if the sales on existing products were performing or going to plan then it’s reasonable to assume they would be singing and dancing about them. The board have dodged any talk regarding existing products sales however an update regarding new products retailer agreements could change things dramatically.
I don’t see Amazon as the only sales platform and there sales cost also need to be factored in.
The best strategy would be Lloyds, boots, Tescos and other retailers etc. The products need to be in your face in my opinion.
The board need commending for the volumes of cash it’s generated however it not helping ordinary investors who are taking risks investing when the board is not demonstrating they have there interests at heart.
I think the fact they had a fund raise before and excluded ordinary investors showed just how they value ordinary shareholders.
Just my opinion and hopefully they surprise me and give an update or even invest themselves and not just take hugely inflated pay rises from the profits that hit the balance sheet!.

Well it’s failed to break 1.8p on the upside so without news to change this I suspect it’s heading back down. I hope we get news to change the trend but I also agree the boards lack of transparency and updates ain’t helping

https://amp.lbc.co.uk/news/government-plans-raid-on-landlords-and-entrepreneurs-to-plug-50-billion-hole/
The government have seriously lost the plot if they think landlords will be able to pay it.
Many already selling at lower prices.
Maybe Rishi could change the non dom status and get his wife to pay her fair share.

https://uk.finance.yahoo.com/news/m-absolutely-done-being-landlord-100000028.html
This is a huge problem and landlords will exit and flood the market.
Government have a larger problem coming because they have created more legislation and preparing more taxes on landlords. The biggest problem for the government is where will they put tenants made homeless!. Stupid policies forcing landlords out of the already stretched rental market

News needed urgently to ensure it continues higher and don’t fall back.
I’m struggling to understand why we haven’t had an update on current Covid sales considering it’s the busy period in Covid cycle is winter and figures rising!.
Why we haven’t had any news on performance of new products and and retail deals negotiated!.
News regarding new release dates of future product pipeline and potential revenue streams.
I also find it difficult to understand why the Directors are not buying in volume at these prices to install confidence.
As an investor who’s put my hard earned cash into MHC as many others have done the very least we expect is to be kept updated but MHC is falling short in it communications which I personally feel is not helping the markets decide which way to go.
Huge cash generating company like MHC should be singing at every opportunity to raise the share price incase it sees opportunities in acquisitions.

10p and under is very cheap

These are cheap. Performance is fine and share prices will catch up