Member Info for JG68

KG

I think we all enjoy the daily pain!! Keep coming back for more.

Seems like today is the day of revelations/confessions to madness!!!

Yeah I'm hoping this has recovered to at least 120 by FY and then 7-8k FY dividend would be nice

Paddyboy and me are going to get a seat on the BOD at this rate!!

Mavswf

I could have written your post from what's in my head and what I'm feeling.

I also feel like a mug everytime I buy more and it keeps falling. Talk about repeating the same and expecting a different result, insanity!

There just seems to be so little coverage by analysts except Liberium who placed a sell rating after FY update. Nothing since last week, no BOD buys at these levels, no RNS regarding the Cosmen rail talks for the eurotunnel, imo the IR here are absolutely useless, the tone of all the updates is very downbeat even when producing good results in March.

But I keep buying, what a mug!!

JCJ

It's never nice to hear someone's so heavily down, and your current paper losses are not something that anyone should take comfort in.

To be honest the way I look at it is, that you can say with almost certainty that every MCG investor is down, PI, II, and it's just a question of how much by!!

Manz it's worrying having that much in one stock, but I have it split 50 in the ISA 37 SIPP so those can just sit there however long it takes, and 60 in trading account.

I'm about 35k down on my entire portfolio all of which is MCG, so modest gains and break evens elsewhere balance it out.

But I really felt 120 ish was a sound entry point to double over a couple years, now not so sure.

I guess the good news is even a 5% down day now is only 4.4 p!!!

At one point last year I was down 200k on my whole portfolio, so just having this at 35k down is tolerable.

I was also stupidly invested in CINE couple years ago and that was really keeping me up at night, I was 48k down and ended up selling at 28p with 48k loss, proved to be a good decision under the circumstances.

I never have that same feeling or instinct here that they're going under as I did with CINE, which was well and truly crippled by billions of debt and closed through covid.

But it does pee me right off that the BOD won't buy in at this level hence my daily rants about them.

I think I remember reading an analysts assessment of CPI 2 years ago, really can't remember who, but they suggested dividends not before 24 even if their disposal strategy goes as forecast, debt is reduced as forecast, FCF is is positive by 23, and the company starts to grow again ; and I remember thinking " what do they know that's years off".

I would now expect that to be the case possibly FY23 (calendar year 24).

Ok I meant " the Ukraine war "

March 21 I said hold another year for results

March 22 I said one more year for gold because Ukraine messed everything up.

We all know last years results would seem distorted and vague given so much money in from disposals.

March 23 I can see the gold on the horizon

April 23 the Hack

It's a bump in the road, it was always going to take time to streamline a business and show its sustainably profitable and generating cash.

So for me it's now one more year, March 24 hold fir gold

Well if CEO and CFO don't buy shares today nearing mid 80s, what does that tell us?

The whole UK market is just a shambles, driven by fear, 2 sell off days because of the US downgrade, media driving fear a doom, its just pathetic and no wonder global investors steer clear.

It's just hold tight and wait for sentiment to improve again, possibly the next inflation data which should also see yoy fall.

It's lost all of its rise and recognition of the turnaround from March 2nd FY update, so I would expect as long as that momentum is maintained and revenue has grown, they FCF positive, and the hack cost is around their forecast 15-20 million, it should rise again.

Also his leaving statement on LinkedIn is very bullish, plus he's there until next year so would look a right plonker if anything came out to undermine his bullish statement about the turnaround, leaner profitable company in better health etc etc.

Surely!

So thanks to the lower UT price looks like 88 open tomorrow on BOE hike day.

Really hope this finds a bottom soon.

Why is it that US markets are largely shrugging off their downgrade but UK markets are using it as another excuse to hammer UK stocks ? Ludicrous

I'm comparing this to RR at 70p last year,,sokd out to early when it recovered. Won't make the same mistake again

Sums up the UK market that this Fitch downgrade to the US is affecting UK markets a lot more than US futures.

Manz I'm 130k at 120 and this very much reminds me of RR last year, hit 70p.

There is a lingering fear that this might to an itv and establish itself as 60-70s stock.

But the truth is the UK stock market is a laughing stock, must be seen as so weak globally that probably global investors only see it as a shorting investment because it never fails.

The only crumb of comfort is that nearly 100% of investors in MCG both private and II are all underwater.

All except the wonderful BOD that received free shares!!

80s UT

That is some show of confidence, unlike others that I hold

KG

This morning another one of my holdings, rns incoming director not even in post yet purchased 900000 k shares 888 at 109, hence my rant yesterday and most days about lack of BOD purchases.