Member Info for JG68

Would like to see some BOD buys and Cosmens increasing would be very positive.

Hope there's nothing hidden further down that will impact, will be happy as long as there is no sell off, and will patiently wait this out into 25 now.

I was thinking that it's either get them released as soon as practically possible given the delays etc regardless of which day they usually release.

Or they have something positive to say along side or within, so are keen to release at start of the week, facing a full week head on!!

Feels more like exam results eve than Xmas eve if I'm honest.

Has anyone wondered why they're doing it tomorrow instead of say next Thursday 25th which would still be within the time frame?

Oh got you Hindy, naively didn't realise these are updated half yearly which is why I looked at FY22.

Thanks for updating.

Probably locked in a fair bit longer than Monday!!

Wealthtransfer

Are there any pointers from HY 23 / or October profit warning to determine if any of the below are likely to be met resulting in the below stated NA impairment detailed in the FY22 report below?

The value in use of the North America division exceeds its carrying amount by £225.9m (2021: £812.0m); the reduction compared to the prior year being driven by the increased discount rate.

For North America, sensitivity analysis has been completed on each key assumption in isolation. This analysis indicates that the value in use of the North America division will be equal to its carrying value with an increase in the pre-tax discount rate of 110 basis points (2021: 250 basis points) or a reduction in the growth rates used to extrapolate cash flows into perpetuity of 120 basis points (2021: 270 basis points).

In addition, for North America, a reduction in operating profit margin of 130 basis points (2021: 360 basis points) will result in the value in use of the division being equal to its carrying amount.

Management has also performed sensitivity analysis to assess the impact that a combination of reasonably possible changes in the key assumptions would have on the recoverable amount of the North America division. In combination, a 20% reduction in the cash flows in 2023 and 2024, a 100 basis points reduction in the long-term growth rate and a 100 basis points increase in the pre-tax discount rate would lead to a £178m impairment in North America.

Cheers wealthtransfer

Will know where to look for that on Monday.

Is she a new appointment at same time as AH, can't remember noticing too much whenever it was until now ?

Wealthtransfer

Thank you. Me too, I've written off this year again, not expecting significant visual recovery until HY 25 now.

Just praying that no other skeletons come out, or that any potential impairment doesn't start another downward spiral, and the sp at least somewhat stabilises.

One last thing, in the impairment section further down , where is the overhead value actually stated?

Is it the section / box stating the value after any current impairment?

When looking at 22, there was a box stating carrying value of each unit after goodwill impairment, UK 52, NA 743, Alsa was 560 ( previous year was 784), are these the values that include future headroom?

Wealthtransfer

Naturally worried about a US impairment but looking back last year, despite the large Alsa impairment and impact on overall results, the market didn't react badly to it at the time.

Do you know why?

And it would seem that there was reduced headroom in NA last year, they referred to onerous contracts , driver shortages, less profitable contracts etc, surely this would affect the potential sale value?

Fy 22

Given that there is an impairment of ALSA goodwill and a reduced level of headroom in North America this year, as well as volatility in the discount rate (particularly interest rates, risk-free rates of return and equity risk premiums, including country-specific risk premiums), we consider impairment to be a key source of estimation uncertainty with respect to both our ALSA and North America divisions.

Few fair sized buys going through and they're just dropping this at will.

Expecting 11s unfortunately

This now seems to fall when oils down and fall when oils up.

Only problem today is the middle east

Hopeless

I've added 30k in one pot in mid 60s and again yesterday at 58 to bring that pots average down to 78 (70k shares)

But on my ISA pot I'm umming and ahhing whether to use my allowance now to bring that average down to 83 from 96 or just wait and use it elsewhere.

If there is further bad news might be able to pick up 40k for the ISA allowance.

But this is giving me sleepless nights right now, mainly the uncertainty of what they might say next!!

Meant to say cried wolf

Mavswf

Totally with you mate, I'm about 65k down accross my 3 holdings.

So many lost opportunities with so much tied up here, and so little confidence or trust in anything these clowns say, and unfortunately it's like cried woke here now, are the markets ever going to believe what they say ?

Imo not until they meet guidance for at least 3/4 quarters moving forward. Unless of course it's downgraded guidance again.

Very true Paddyboy, good to read you're posts again.

Pokerchips and wealthtransfer have been keeping me relatively sane on particularly bad days.

Fingers crossed for a mini bounce tomorrow if the cpi comes in lower than expected.

Hindy

Because my overall average in that pot is 96 and hadn't yet reached my target of 140 which is what I need to make up some other losses previously crystallised in that ISA.

I know I was up on that purchase but I need 140 on that 100k really. Should have sold half and bought something else I know.

Over 50k accross my holdings

Polish one

I've got way too many of these for my liking, daily stressing territory, and I've only added never trimmed.

Right now I'm seriously regretting not selling half my 100k ISA holding at 92 which would have been a couple k loss, I had doubled that holding from 50 to 100 when were last at 58 in October.

I wouldn't mind so much if we had a different board but because of them it's a very uncomfortable hold.

I've got other holdings in MCG also in different places. Too risky and can't wait to reduce exposure.

Trenners

Between this and MCG I've aged significantly the last couple of years, got about your level of investment here in MCG, so I know how you feel.

But I'm not going sell out of either if/when I ever break even.

This has been fairly steady recently, just really poor markets today.

If you look back when this seemed to settle after a month following August's rns, and then markets tanked for a week or so in October taking it from 16s back down to 15s again, then it started it's upward move to 20s again.

Subject to further middle east escalation I'm hopefully expecting a similar move again.