Member Info for JG68

It's a cheapskate small piece, it says panmure one analyst has recommended a sell despite ut seeing CPI as progressing with the turnaround in a sensible way.
It also says what we all feel and that whilst the disposals are being progressed, it is confusing somewhat to produce clear straightforward results.

Master of fear and doom, paid deramper posting so much like he's on meth, if enough people panic sell he will earn his £50 from Marshall Wace.
DO NOT LET HIM GET IN YOUR HEAD.

Aimmaster, not only are you the bottom feeders of the investment world ie shorter, I'm now going to sue you for plagiarism , you completely copied and pasted one of my posts.
Any lawyers on here?

Just to be clear, I DO NOT support Aims shorting / gambling strategy, and sharehead is right when he says it is priced to fail, which I don't believe it will as there will be significant progress reported in earnings at year end, but until then the sp is vulnerable to being extremely volatile.
It would be interesting to hear what David Watkins makes of the update.

Sharehead
They actually made an operating loss of £51.2m in 22 against an operating profit of £40.8m in 21.
This translated to a pre tax profit of 261m last year because disposals were used to bump up the profit and 100k this year for the same reason.
It's there in black and white in the financial summary at the end of the RNS.
They are muddying the waters in how they are reporting due to business exit costs and monies received from disposals.
Which is why although there is some improvement, until these disposals are out the way and one off costs attributed to them are written off, a true clear picture of the companies profitability is too vague.
This is why earnings per share dropped from 16 p to 1 p this year.
All in all flat to not good.

By the way I'm long, I hate shorters, they're worse than bookies in my book, I've got 290k shares at an average of 32.5, but I'm just being objective with what's been reported, and previous sp patterns following poorly received updates. I refrained from jumping in today to lower my average, and sincerely hope that another opportunity doesn't present itself.
As I said last night, I've written this year off and until the figures clearly evidence the business us growing and profitable, I think we are vulnerable to volatility.

And the fuss is that last year they used disposals to create a profit of 261 million, and today they have used disposal proceeds to offset an operating loss resulting in a 100k profit.
So essentially they made a loss.
These disposals are clouding the true picture of what the actual situation is.
After reading those results again, I'm less confident.

Think you might have topped up too early.
Like last time in June, this dropped for a few days before starting it's slow climb in July.

Cashola
I'm giving it until year end to produce evidence of the turnaround, to evidence that what they say about the profitability gearing towards HY2, to show more than 0 1% overall growth, to actually release straight forward easy to comprehend figures, and then see where things are.
I just hope they don't release an unnecessary TU in December again, that repeats all of this today.

It's the way they report, 2 x lots pre tax profit confusing!
Maybe they hoodwinked markets with their 261 million profit last year!

Earnings per share 2022 1.10p 2021 16.18p (93%) reduction

Do you actually believe what you ramp?
Poised to rerate!!
Well not today after the latest update.
Markets clearly don't agree with you.

200 million is fairly large , no ?

Totally agree, sick to death of constant ramp ramp ramp, and I've opened a short IMHO.
Think and read before you write

In my opinion this will still be a work in progress and won't fully bear fruit until 23. Having also liaised with Stuart Morgan from IR several months ago, and having seen what David Watkins was informed and posted here yesterday, I think that the only thing that could really derail the progress and upset markets, is further revenue decline.
I think previously they have been a bit misleading with their timescales, and in order to be be profitable, create free cashflow from the new 2 divisions, and significantly reduce debt from all the disposals, we will need to wait until HY 23.
I think this is why Morgan told me that the changes are all visible on the shop floor so to speak, but until they show in the numbers the City will be skeptical. It is also probably why Jon Lewis stated 12-18 month timescale to reach the rights issue SP of 97p.
It's a waiting game, and at these levels it's better than money in the bank.

That sort of makes sense then, but there again there is no previous position listed, and it's detailed as an individual investor at 10.8%.

Me too beachfront,
But like this one I've been in the red so long ( all year) that I'm used to it now and will never panic sell.

Let's just hope there isn't a delayed sell off tomorrow as a result of fear merchant Andrew Baileys doom and gloom forecast.

Clearly mms with all their 3 figure sells driving ut down.
You would have thought a 200 mill contract especially in E & C is what was needed.

Still, can't see that they had any disclosed position before, so let's assume it was sub 5%, even though it does not appear on stockepedia, that's 7% shares , that's approx 45 million shares.