Member Info for JG68

Same as with a lot of recent investments, turning into a disastrous month so far.
The markets are taking a hammering

Sub 27 has only been seen in the darkest sell offs during the pandemic, March and Oct 2020.
The company has shown through its results in August and through the disposals that its in much better shape than then.
The update at Xmas wasn't poor it was just poorly received, it reinforced previous forecasts, but was realistic in the possible inflationary impact , and the mention of covid as an impact didn't help.
I Hooe you don't get your sub 27 buy in, that would suck for most on here.

Tanking.

.

I'm heavily in this and averaged at 40p, managed to average down this week and just hope it doesn't retrace even further, just for my stress levels.
The only thing that does concern slightly is that covid was not highlighted in August as an issue but was in December, and also the mention of inflationary issues which maybe used come full year results. To smash it like they did seemed way over the top, and it seems to be trading in a similar way to pre August.
His comments also about seeing lots of changes from within, which hopefully will show in the numbers, is reassuring though.

Held up well considering the weeks sell off.

I stupidly bought BG US growth a couple of weeks ago, thought my 278 was a good price, now 232.
There just doesn't seem to be any let up, and everything tech related gets dragged down too. Not so sure of a bounce back to Jan 1st levels because if markets are correcting these companies due to future profit being impacted by interest rate hikes, this is likely to be the norm for while to come. So why would valuations bounce back to say 1st January levels as an example?

The bit in his email about casflow positive next year, does he mean next business year starting 2022 or calendar year 2023.
This is relevant because Jon Lewis did say cash flow positive in 2022.

It's ludicrous really, corruption at its most obvious.

Some people on Advn are saying 200 or even lower.

Enough said.

May 21 overweight 360
Today underweight 250

Maybe hoping to accumulate on the cheap.
Goes against most other analysts and targets.
Hidden agenda.

We were surprised by the reaction to the trading statement in December, as were our shareholders.

Frankly we reiterated most of our guidance from the half year results and pointed out things that should really have been in the market already, namely that Covid lockdowns in December would affect our growth outlook for the full year and that we were facing into an inflationary wage environment, which in a people-based business would take some time to work through.

I think perhaps that latter comment surprised a few people, as well as some expectation that net debt would have declined by the end of the year, which would only have been the case if the proceeds received in January had arrived before the end of the year.

As for the media, the quality of the commentary has been pretty low and articles have been factually inaccurate, but we are an easy target for now.

So in terms of reassurance: we remain on track to reduce debt this year and the disposal process is going well; we expect to have grown in 2021 and certainly in 2022, which represents a turnaround for the business; and we also expect a major improvement to positive free cash flow next year.

Personally I would say that on the ground it feels like an awful lot has been achieved in the last few years and that will start to show in the numbers.

I don't get why this is getting whacked a lot heavier than say wood group?
I wondered last week if it could be the Gazprom tie up?

Q
You may need some valium today, futures are down , could be rocky!!

Thanks for that, offers some explanation.
Mich appreciated.

I've got over 200k of these now and still underwater, but I'm really not that worried because really this seems so low its priced to fail imo. Time will tell. I think the markets will need to see the proof in the numbers before properly boosting the SP.
If Jon Lewis is true to his word when saying he would ultimately like to conclude the turnaround with dividends, which he said at some point last year, at these levels it's got to be worth holding and waiting it out.

I know what you mean, even during the company turnaround, it's just unloved.
When the results of the turnaround start actually showing in the numbers, this will re rate very quickly, and hopefully this price will feel like free shares!!!

Does anyone have a link or website with live updates on news that affects the US markets.
The last 2 days both the Dow and Nas have been firmly in positive territory until the last hour, then both seem to rapidly go South.
It's baffling me as to why a sudden reversal on both days.

Clearly this board is being run by amateur clowns, makes me chuckle when he posts. It's like toys out the pram time.