Member Info for jollyspeculator

bought back some sold @142..for 73.4p...effectively rebuying a free carry ...impossibly complex business model and total return to date has been high (so lots of value exited thru divis already; not reinvested in the business; and therefore still see plenty of scope for downside), but oversold and different from anything else that must surely diversify risk profile if nothing else ...gets seriously exciting at JMB sub 50p perhaps?

time to flip out lol?

many (if not most) Nasdaq stocks are cash rich...they don't in general borrow big...not on a net basis... to pursue growth ...check it out...may be helpful for your pf in the longer run

the 20-25% upside to 14p is just enough to dissuade me from cashing out...but if 20 cents bid fails on dd there may be substantial downside, so not looking to add here

beware...you will likely be put in the Jolly posh/naughty corner

u r a funny one......tks for yr kind permission to cont to amuse ...enjoy the day job...you will probably need it

every few £k helps lol

now trading on pricey EV/run rate EBIT and substantial to premium to diluted tnw imv ...sold another wodge ...on modest free carry with £10k + cash out profits...waiting for c£1 or substantial improvement in trading performance by the enlarged business to consider buying back

good post... ...major acquisition is new departure/risk ...serious leverage will be new, and req a new discipline (generating predictable, ample fcf for coupon plus sinking fund to cover refinancing risk... this management team has not demonstrated that it can run the business for ample fcf rather than for essentially growth only ...which doesn't mean it cannot; just we don't know)

esp if borrowing @ high coupon to gamble on growth (which I consider inappropriate...a "mismatch"...high growth / limited fcf shd be equity financed) ...so GBO shd trade on v low multiples to compensate imv ...some guys like Warren B and Bill G perhaps agree (or at least it is reported that they may agree...I don't meet and chat with them on my cocktail circuit)...agree that tech companies' riskiness shd put them on low multiples rather than the customary high ones ...the error of high multiples suggests investors get carried away by growth prospects...that everyone is a winner...when in fact few are and many struggle in highly competitive / fast evolving markets ...gl...you may need it

yawn

knowledge is power...so the MMs and other major players are clearly going to disguise ...be confident in yr analysis if value and relax ...if gbo falls to 23p, and you are sure it is worth £1, that is fantastic, no?? ...but I detect a lack of confidence ...I certainly lack certainty here...and want to see much more visibility on the future shape and risks (esp to fcf) of the business post acquisitions

setting?

somewhere down mid 20s will make this Jolly tempting to build up stake again/further

in this holding pattern: 375-400 ...not expecting anything much to change before Dec/results

busy bee...so wait for mid 40s to load up??

3>2>1>0

since you know nothing about WAND, how can you know?

perhaps...but the bounce isn't that strong...and the risks around challenging marketplace, management capability and track record grow imv ...I'm waiting to see what these acquisitions are before deciding whether to back management (down to just 14k free carry now) ..do they have the discipline to run a business that has to generate euro 30-40m of fcf every year to comfortably support US$15-20m of interest costs??? ...funding growth with junk bonds doesn't sound sensible to me

tosh...shares suspended ...looking ugly