Member Info for JG68

Got all the markings of 5% down day on such little volume.

It's so much more volatile than most this, they move it down 1% on 3 figure sells.

More pessimism in the US tonight that will probably spill over here tomorrow.

Really hope we don't pull back too much if it does, been a horrible yoyo week when you've got a large holding.

I wonder how much pressure there is on Bailey tomorrow not to squeeze households further and give homeowners with mortgages clarity on the the rate forecast.

It's possibly quite telling how cpi came down despite the increase in oik, unlike the US. Possibly the books were cooked today because every single so called economist expert expected it to tick up.

Large 1 million plus buy after hours at 88, let's all hope we continue tomorrow.

I totally agree about IR, think they are not helping in any way.

I know as Pokerchips advised last night that it's not usual for specific rns re bonds but imo given the sp is where it is because of leverage, if they've refinanced and addressed the short term bond maturity as suggested on here, then given how it was mentioned in the HY update, surely its worth an rns, we need all the help we can get sp wise.

And totally agree about not having an update from Oct to March, again something to reaffirm guidance in between might also help.

No one knows if the new ceo starts on 1 October, he joins during the 4th quarter, could be Dec day before the TU!!

This is a worrying slide day b4 results with ftse soaring.

Thanks Pokerchips , your reply and thoughts, it gives balance and plausible rationale to temper my finger pointing.

Much appreciated

Pokerchips

Why dud management leave it until the peak of interest rates and such a short time before it is due to deal with the 400 mill bond?

Why did they reinstate dividends when they can't even make a profit and havnt done since before covid ? Look at what the sp was when they announced it in March.

Why does it seem FSG had costs under control in a similar business ever since covid, and before they sold the US business?

Why don't senior management buy shares at all time lows, mainly the ceo/cfo ?

Why has there been no communication for all investors including PIs if their intention is to clear this bond as a result of just a 2 line rns last week with a Web link?

Maybe I'm completely off the mark but this doesn't inspire an on the ball management.

One of the things IR replied to us when a few of us questioned if Lewis was going soon, was, " he's well regarded in cabinet"

Maybe therein lies the problem, Mr nice guy, loss making contracts, all for the staff and clients, screw shareholders etc etc

And who is to know how a labour government will view cpi.

Which is why he needs to be gone ASAP.

Well debt aside, their operating / net profits have been impressive 21,22,23 and forecast to to continue 24 25.

I am really beginning to now think I've backed the wrong horse here, especially orally considering that they would be facing the same cost/wage inflation as this, but it seems that our management have either been incompetent ir just too slow to deal with things.

Well it looks like they have been profitable the last 2 years, hence their ability to do buybacks, they have recovered from covid, either way their management are doing a much better job for shareholders than ours.

Leaves a bad taste in your mouth that MCGs main UK competitor is up today.

And why they have been able to return to profit last year and are forecast to maintain this year, who have slightly larger revenue circa 4 billion, and have larger debt circa 1.2 billion.

Same sector, same type of costs, staff, head/tailwind.

I know which management I would prefer running my company.

I know its a very simple comparison but they are worlds apart and that is down to management not sentiment.

Gonna be a terrible week I feel.

Cpi increase wed then interest rate rise Thurs, can dread to think where this ends up on Friday.

9k down today just on this.

What a f-----g joke this UK market has become.

Maybe if IR actually did their job and communicate better with all investors, we wouldn't be taken down 5% on equal buys to sells volumes on days like this.

In fact by the looks of it to us mere PIs, all he's done since being in post is lose some II .

Great job John Dean

In your dreams imo, more likely to be 70s by the time the great Andrew Bailey speaks on Thursday

According to IR in correspondence posted on here after the update, H2 outflows are likely to be similar to H1, so I'm not expecting any meaningful upward trend until possibly q1 24 or even H2 24.

Possibly a rise into late teens but the fundamentals are not going to show cash generation until next year.

Maybe the new ceo will make a statement share purchase , maybe there will be a santa rally, most definitely the shares are worth more than 16p, but personally with a large holding here and well underwater, my expectations are tempered until we'll into 24.

I read somewhere in the prospectus that the notes maybe interest bearing or non interest bearing and maybe fixed or floating.

I think from my limited interpretation they are arranging the foundation and will then issue notes accordingly to use as they see fit, and interest terms will be agreed then.

But I could be completely off the mark

Mother of UTs

Trisor

1 more to be announced, and no idea of the amount.

Now that's all out the way, back down to 112

7 days is hardly an uptrend, even today this reach all time lows by 4.30.

Too easy to move on volume with such little value.

If you're short and you wanna move this down just set several algo sells 2500 each, few hundred quid each and you probably move it 1 or 2 %.

It just seems there is always too much human interference in what is supposed to be a fair market.

And just when you thought!

Whack.