Member Info for JG68

Anyone know what their holding is?

They refer to the recent purchase in their q2 factsheet on their website, but I don't think we've had an rns, can't be that large?

Maybe uncertainty around HY results, no confirmation yet.

Good old uk market, never can keep it up.

Just read that there was no real fundamental cause for, probably caused by the bots of the time and investor panic.

https://www.investopedia.com/ask/answers/042115/what-caused-black-monday-stock-market-crash-1987.asp

Well I think the futures will be more accurate after US close and leading up to their open 12AM.

Sad state of affairs that we're all more concerned with US / Asia markets rather than what's actually happening here.

Kipper

Are you sure about the Nikkei?

https://www.ig.com/uk/indices/markets-indices/japan-225

And now we've got qube research also adding to the AT woes.

Markets pricing in 5 rate cuts in the US now, surely good for highly leveraged companies like this?

Yes one can argue gambling is discretionary and at risk in global downturns, but most punters will sell their wives to still have a flutter! I know I used before I saw sense.

LWHL

Should ve good for MCG if this is the case.

This is insane , 25% on next years revenue downgrade by 5%, but maintaining profit outlook.

Is this company now worth 40% less because of that profit warning?

Hindy

You've come on this morning gloating " beautiful drop" as if to say my shorts doing brilliantly, haha.

It's just classless, and shows a complete lack of humility.

I'm not a trader like you, and one day soon especially when it's clear the Fed will be cutting hard and fast, which will benefit MCG considerably, you will get caught with your pants down as quickly as a blink of the eye.

But you won't get all of us saying " Hope Hindys losing loads on his short, brilliant and it's going up even more "

Yeah just gloating at most on here, childish and shows true colours.

They are also required to update the market of any material changes to guidance ASAP ie profit warning, which is what they did.

Let's just hope the results don't produce another one, and we're not whacked again.

This was my exact fear all week, a market reaction like this to an improving picture. I bet AH is scratching his head.

They even stated that they would turn fcf positive from 25, 5 months away, yet this market reacts like this.

It happened yesterday and today with Melrose, a profit beat for this year, and profit guidance unchanged for 25, but revenue decline guidance for 25, so market has knocked off approx 14% since Wednesday.

Where to now, 15s again as if the capital 1 monies are not coming in, or back to a bit of normality.

It's such 5h1t fest that the last 2 days have been totally fuelled by US data, it's almost as if our rate cut and better than expected economic data are irrelevant, especially for UK focused companies.

Again I've held a share like this, with a large holding, been underwater for over a year, finally got BE, but held instead of top slicing, and here we are again.

Same reaction last August, March and again today, becoming so tiresome.

And then you've got complete tw-ts like sk and passmore coming on like children to gloat like they're in a playground.

AH imo is doing what he said he would, but you can't account for this stock market.

Funny that, 16.90 was the bid shown pre market this morning.

No agenda mate, just peed right off, I knew today was going to be about market reaction as opposed to the update.

It's almost like we had an interest rate hike yesterday, rather than a cut and cpi posted a profit.

US in freefall, 16s coming FFS

One other nugget I took was they said they expect to turn FCF positive from 25 with cash conversion rate of 60-75%.

I think this now moves on any new contract rns

Yeah and they're doing it again now, they're such 5cum

I'm going to go through the slides, they are usually very clear and informative