Member Info for jollyspeculator

range trading is great until it isn't

down into the teens would hardly surprise given those with healthy profits from placings itchy to derisk

regret later..

waiting for retest of 11.50

perhaps (on sensational news), but probably 12-13p first as Lanstead derisk

DYOR

doing well, thanks...waiting for the next leg down in global markets

v sensible post, Phil...if only more were as polite and sensible

looking forward x

minor difference is that Bezos had the tech boom of 1990s USA to fund his dream....endless tens, hundreds of millions of bucks

little ol feedback ain't got 0.1% of that firepower

& down she slides

pumper extraordinaire.

the actual spread here is a serious turn off

what will you eat if it goes below 2.80?

checked other platforms?

just as easily slip below latest placing price...plenty of shares out there for derisking

forming nice pattern...

who knows how appallingly slow the recovery will *actually* be...there's plenty of scope for (over)optimism in the next few weeks

worth looking at changes in the shapes of the forward curve for brent/wti (not just spot)...and the fortunes of large listed comparators (like XOM)

perhaps retest 11.50 before next leg up??

such blatant boring ramping

but useless against the tide of Lanstead

every little helps: near 10% gain in a week is good enough, and may well retest 140 area

hold rest as free carry (from successful buy 100-150 sell 200-250 play over the years)

gl, all

In a note published in response, Canaccord cut its price target to 76.0p from 94.0p, which it said reflected the increased risks now associated with the stock. It retained its 'hold' recommendation.

"Despite significantly refining the business portfolio and returning the balance sheet to a net cash position, after recent profit warnings highlighted weak trading and operational performance, the board has decided a new management team is needed," Canaccord analyst Aynsley Lammin said.

"The sudden departure of both the CEO and CFO will come as a surprise to the market and raise questions about what has happened recently to provoke this. The update confirms that trading remains poor and sales have clearly not yet stabilised, with margins likely under more pressure."

He continued: "Visibility over 2020 profits is very poor, especially as falling sales will likely put more pressure on profitability and operational efficiencies.

"The key issue remains the extent to which sales can be stablished and margins improved toward the 5% target. Given the history of SIG turnaround attempts, and the structural challenges faced by the group, the market will likely remain sceptical and without any detailed guidance on 2020 profits until April, the shares are arguably uninvestable for now."

still #cheapaschips

didn't it need this cash to help improve its capital structure?

dyor, all