Member Info for jlovie

Anyone know that all those 0 volume trades are about?

Am I missing something here? - UK gas prices aren't rising.

https://www.barchart.com/futures/quotes/NFJ25/overview

I picked some up at 599p think it might be a bottom but seems not.

Grabbed some more at just under 347p.

First bought years ago at c164p.

Being FTSE100 is no guarantee of correct valuations, as anyone who held NMC Health will testify!

I saw the after hours RNS yesterday and made a note to watch MEGP on open.

I grabbed some more at 197p.

I'd just been reading Naked Trader's blog after I read the RNS (blog written before the RNS).

This was NT's comment.

"Nice statement from long-term hold Me Group this week, more than doubled and a half since I started buying these.

It’s adding a new service to photos and laundry, Key Me, which is an interesting idea.

Great management, good use of cash and growth in its laundry services make this a lovely long-term hold for any idea with a lovely dividend too."

MEGP don't raise any funds from the placement, it's just a big holder selling part of their stake.

Too much to try to sell in the market, so they're offloading them via a placement.

I can't find any reason for the sale. Hopefully it's just something to do with restructuring a fund, and not to do with MEGP performance.

This explains it.

https://uk.investing.com/news/company-news/me-group-faces-secondary-share-placing-by-major-investor-93CH-3950649

I'd been watching MSi since I saw Naked Trader mentioning it.

The recent dip looked like a good entry point so I grabbed some at c871p.

Not sure of my strategy yet, I'm hoping for a rebound to about 1000p. If that happens I'll look again as to whether it becomes a LTH.

I too held Rodime/Sportech, took me over 10 years but I came out of it at just above break even after the cash distributions.

I did however also do quite a big quick trade when they announced a tender offer. It seemed too good to be true, shares available at under 35p and I think it was a 40p tender offer. It worked out well for me, I think they were so under the radar very few people could see the deal. I sold them in the market after a few days when the price jumped to near the tender price.

Having too much cash is a nice problem to have.

Certainly preferable to not having enough.

Berenberg raises Warpaint London price target to 700 (680) pence - 'buy'

I bought some more hoping the price rebounds to somewhere nearer 100p.

Bit worried about the big sells though.

Does the drop mean the bid is expected to fail now?

Naked Trader commented on Yu in his blog yesterday.

"History often repeats itself with some shares.

As always YU group falls on a statement day. It always does, then it always falls for a few days, buyers come back in and eventually it goes back up to a high.

I suspect a lot of worried PI’s are in it, innit? Thus causing crazy volatility.

Broker notes reckon shares are worth over 2000p which looks about right and there is a decent dividend as well with a ton of net cash."

"When is this going to 1p."

1p MCAP more likely than SP.

Major shareholder says LTG sold too cheap.

https://finance.yahoo.com/news/london-hit-cheap-takeover-disease-175228099.html

I've written off my stake, anything I get back would be a bonus.

The last financial report is here:

https://data.fca.org.uk/artefacts/NSM/Portal/NI-000104855/NI-000104855.pdf

100p bid now.

Wondering whether to take c98.5p now rather than waiting months for 100p, but risking a counter-bid.

I see the opposite - large sells most days.

Enough for me to be concerned about what is going on.

I'm looking at about 37% loss.

It's better than 1.5 Touchstone shares, that would only be 45p now.