Member Info for jimmydarko

thats big

This company shows no regard to its investors; neither in frequency of RNS release, or in direct dealings. Yet another Aim company who forgot where their money comes from. I prefer a calculated bet to an out and out punt. SOLD

what would the implications of that be?

Called the company this morning. Lady answered 'hello', didn't even say the name of the business. I asked if that's Clontarf Energy, she snapped 'yes it is'. I asked if there was any reason why the homepage on the site still referred to an AGM in 2014? she said it was a mistake and other news on site had been updated. Overall, made to feel like I had no right to call them and was causing an inconvenience. Not cool. Not a nice experience. Why do some companies fail to acknowledge that they don't exist without shareholders?

Being manipulated by a trader?

Very interesting point you make about a number of SP's retracing in the last month, almost like we don't see a stock market correction in a day,but we do see ripples across the market, and it isn't a coincidence. I previously held GBG and sold at £3 when it first reached that high. I know the company well; as it happens I've worked with them and met R.Law on several occasions. (For the record, what an absolute gent he is, and what a smart thinker/ astute businessman) It's a stand up business, and I see it as one of, if not the best AIM has to offer in terms of a safe investment, which now also has a lot of upside. Exponential growth with reducing (relative) overheads is something accounts have shown in the past and I expect to show again in the future - hence me using the word 'cheap'. The anticipated rise in demand for digital verification services from large online business, to prevent fraud and enable more streamlined online transactions, makes me think they have still to enjoy high growth periods. Also, R.Law would not let anyone incapable take the helm - I just wish he hadnt sold any shares. I'm going to have a closer look, but then I will be buying back in, no doubt, as long as everything is as I saw it 12 months ago. So yes, any share at this price is not 'cheap', but then price is relative - to both risk and potential. Low risk & high potential is damn rare!

Am I missing something here?

so if manipulated down to this position,is that because its been shorted,or because those makers want to buy in low, or both?! shawbrook and aldermore are seriously confusing. Ultimately I dont see either business being anything other than strong going forward?

£9m impairment is short term and will soon be history. Look at Net rofit Margins; they can take it.... The issue has come to light quickly (possibly as a result of the most recent Director appointment?) But damn,what a time to reveal it. Oversold? Absolutely. This is a retail/commercial bank with a good spread of risk geographically and materially.(65% LTV across all security) Bear in mind that other banks who want to lend to the same target customers have just been hit by the currency drops because they (Barclays, Lloyds, RBS etc) all have investment divisions, so one would expect Shawbrook to be better positioned going forward to lend using deposit funds, and less exposed to a lack of investor confidence. Even though I've lost thousands on this stock, I'm buying more. its just going to take longer to realise returns.

**NOT prepared to make the same mistake

well according to their accounts, aggregate loan to value % across all security is 65%. Add to that they are a retail bank only. How much safer can a bank get? compare this to the liquidity of Northern Rock pre credit crunch, and you realise these guys are prepared to make the same mistake

Agreed. Just look at the growth of this business, and the potential for growth. As per recent figures, theyre only going to get more profitable as they benefit from scale. Its almost as if having the two letters 'GB' in the name meant it was a target for being pushed down this week? GB do a lot of business here and abroad, and I fail to see how that would change regardless of the Referendum outcome. They're ultimately a tech business. Likewise, look at Shawbrook Bank: down from 325 to 225. Its a RETAIL bank with an average LTV of 65%, on its security, and no investment arm attached; compare this to the gearing of say Northern Rock pre credit crunch. Yet the shares slide so severely. Both shares will be back and fast (faster if we remain, but still back faster than people expect even if we brexit). Personally I bought into GB and Shaw - I got out of GB before the drop, but not Shawbrook. (I'll sit tight with them, and actually just bought more at 233) However, I still feel GB will drop to 270. If they do, I'll buy in again. Good luck, and don't believe the hype; Logic will prevail here

any opinion is guys? is this drop purely Brexit based? 1st time buyers are struggling to buy which is creating a very healthy BTL marketplace for lenders like Shawbrook. Investors are dealing with tax changes by buying properties in Ltd companies, and counteracting the tax changes there Mortgage Advisers are now forced by regulatory measures to offer customers who remortgage, 2nd charge mortgage option; Shawbrook are high profile in that market place too, and are rolling out new tech to make the process easier for mortgage advisers. Circa 40% Margin? surely this is a good buy now?