Member Info for Johnnydurex

but I can understand why some investors have lost patience. Nevertheless like many AIM stocks patience is required https://youtu.be/Bs2-Jr4NsgE

Rome wasn’t built in a day - the SP has nearly doubled since PL talked of the transformation. In the last update material improvements were mentioned including the sale of gas and more work overs Most SP’s consolidate sideways after a period of growth. The only questions are the Argentine political stability and the results of the next lot of drills and work overs - however President has delivered thus far and I’ll be adding 20p plus by Christmas imh but DYOR

I think the rise has more to do with the withdrawal of the Iran deal - For once the Donald may be right but the repercussions might mean more rogue state sponsored terror and the possibility of dirty bombs

Yes the Sainsburys merger highlights what a jewel Dixons is. How many retailers can boast annual profits of �350 million? When Sainsburys bought Argos, Argos was in dire shape and the short sellers were all over it. The point being that Sainsburys recognised its value, so what price might a successful retailer like Dixons Carphone command? Now that Tesco have returned to profit expansion must be in their sights. With the 4th Currys shop in Tescos opening in Wrexham this month, the attractiveness of Dixons as a target must be becoming clear. With Tesco's vast estate of stores the cost savings would be colossal. Other considerations, Alex Baldock is the king of the internet and no doubt we will see a vastly improved internet offer, plus an aggressive store closure programme is rumoured. Baldock is also a financial king pin so hopefullty we'll see a more meaningful contribution from Carphone when better financing options are launched to combat the churn of pay monthly subscrivers switching to SIM only deals..

Curiously the RNS didn’t mention ICM’s domains. .xxx seems to be the main one. We are investing in pornography! Not that I object to this - so long as it delivers

https://woodfordfunds-com.cdn.ampproject.org/v/s/woodfordfunds.com/words/blog/capita/amp/?amp_js_v=0.1&usqp=mq331AQGCAEYASgB#origin=https%3A%2F%2Fwww.google.co.uk&prerenderSize=1&visibilityState=prerender&paddingTop=54&p2r=0&horizontalScrolling=0&csi=1&aoh=15251946288017&viewerUrl=https%3A%2F%2Fwww.google.co.uk%2Famp%2Fs%2Fwoodfordfunds.com%2Fwords%2Fblog%2Fcapita%2Famp%2F&history=1&storage=1&cid=1&cap=swipe%2CnavigateTo%2Ccid%2Cfragment%2CreplaceUrl Capita update - Woodford Investment Management Ltd 3 months ago I am not trying to make a silk purse out of a sow’s ear – this has been a poor investment, but it is one that has the capacity to become a significantly better one from here. There is much work to be done to turn the business around, but there is a clear plan and the project is underway. Discussions with all major customers have gone very well as have conversations with the Cabinet Office. The collapse of Carillion has catalysed the whole outsourcing sector to rebase its relationship with the Government, which also recognises the need for change, to reflect a fairer balance between risk and reward. (By the way, they are both outsourcers but the only other similarity between Capita and Carillion is the first two letters of the name.) I would go as far as to say that the business will be in better shape at the end of 2018 than it was in 2016. It will have infinitely better leadership, a stronger balance sheet, better cash flow, more conservative accounting policies and a lower pension deficit. The mistake I have made, albeit I didn’t know it at the time, was in owning Capita in 2016. It is not a mistake to own it now. And so, I will not be compounding the previous error by behaving in an irrational and valuation insensitive way now. Whilst the stock market remains totally preoccupied with momentum and insensitive to valuation, we should all expect the environment to remain as challenging for the Woodford funds, as it has been since early summer last year. I will underperform in such market conditions as I have done before. Equally, however, we should expect rationality to return in an unpredictable way, as it has done always in the past. When this happens, share prices will adjust to reflect reality in the economy and in the businesses that thrive and prosper within it. In the meantime, I would be doing you, my investors, a massive injustice if I was to abandon the investment discipline that has guided me for 30 years in this industry. Sent from my iPhone

Angus were supposed to be presenting at 1540 but were a no show. A little disappointing but I didn't learn much from any of the companies I'm invested in. I suppose Angus don't want to be cornered on questions about the placing but its disappointing that the news was leaked. Just shows what a shile of pite AIM regulation is

In your dreams! Do you really think the banks would have stumped up billions to buy GKN without an understanding of the Melrose business plan? There’s plenty of great news in the pipeline including the offloading of all or part of Nortek so a 50p dividend is a prospect.

Disappointing turn out from Distil especially after Don’s hubris last year. I don’t think there is a US deal even.remotely near and it seems as if Golding is skulking in the shadows, tail between his legs.

When the SP can hold above 23p, it should go a lot higher. It’s not an if but a when and it’s been a long wait but it’ll come I hope as I’ve been thinking n for a while, averaging down as the opportunities have allowed I’d sit tight and sell for a meaningful profit but that’s me

So where next for the Melrose share price? - might we breach £3 any time soon ?

This was tipped on by Winnifrith but I’m not sure it’s such great news based on his track record!

I imagine some of the shorters got burned on Paysafe last year and its mighty pleasing to see the SP rising here. Awaiting the results next month and hopefully more good news to follow

Results are out and word is they’re going to be good - including the disposal of one of the US businesses for around a billion. This would mean a decent slug of cash returning to investors and an increased SP would make MRO even more attractive to GKN holders.

Will be at a discount to the prevailing price so it’s very relevant. I’d hope for some decent Director share purchases. This helped IRV significantly. Today’s kitchen sinking was a triple whammy. No Dividend, placing and sell offs It will take years to recover. The signs were all there. Buyers remorse here. Only consolation might be a discount to the placing price for holders who are brave!

Per share. - Has anyone had theirs?

The recent disposal has drastically cut our debt - Carrillion has a tsunami of debt - big difference Now we’re one significant competitor down, risk is recognised as higher and the public sector is strapped for capital. Sentiment isn’t on our side but Capita is not Csrrillion

Looks set to be a good battle for sleepy GKN. Melrose have lots of friends in the City and the timing of this announcement suggests supreme confidence.

if we get distribution in the USA then was well over 3p

Think it dropped because of the 1.6 million cash balance. - No idea of the cash burn but if we are not at break even then a placing may be needed The step change will come and this is still a great company to hold I think but as ever do your own research!