Member Info for joseywales

OCDO, should turn upwards pre 16th July you'd think. Will have to wait and see. Small spike here to 96p was well seen off this morning. No-one knows if it heads to 60p or back to 120. Seemed like good value late in the afternoon.

I'm watching that EZJ carry on...sometimes you have to pick who you sell to!

Redeployed NCC into THG, OCDO and TLW ... if two out of the three come good, that will work for me ... all trading at what seemed to be lows this morning...but it's never the actual low that comes after you buy of course!

Someone left the gates open again ... always a positive sign.

Well the redemption should help things. Just underscores what management has been saying relating to approach and use of cash to reduce debt. Still a big whack left but that c. £4m in interest not payable p.a.

I think since the financing stuff was over, it found a 'window' and it will again. Just might be a bit bumpy short term I guess.

I grabbed THG this AM as well on a punt. Dropped sub 30.

NCC I think I will simply sell soon, just don't get the value proposition and think its set up purely for the institutions and their tax liabilities on divi vs this return by way of tender offer.

IQE working again. At some point it will drop and never return.

RSI must be into the 20s by now. 3 weeks time you have to think this will be nudging 250+ if sales are increasing and cash generation on track.

Well good call WT. Now here will be buying plenty again. Did buy some in the 90's as just was not a strong enough believer in the 80s. Just hope we don't slide all the way in the 60s from here. IQE getting a hammering today if you have the stomach for it.

Just a case of 'here we go again'. Just a matter of how low they can take it and what you have the stomach for.

Well WT your 80p thinking might turn out right. That update caught me off guard as was expecting it tomorrow. Expect some shorts opened as it's pretty vague. Started buying but would not surprise me if topping up at lower tomorrow! You in on OCDO ... getting played down at lows now.

Same page WT. The tender offer cannot be at this level but I imagine it all takes some time to get sorted, so MMs and Hedge Funds can work their ways to make the most out of it. Expect the idea is to flush out as much weak retail as possible. Did note that Barclays were falling on the short side of their holdings before the RNSs ceased. Time will tell.

Even if it happens on Friday, will take some time to sort out. Ships need to get out and ships in without collision and all sorts. Not like turning a tap on ... and then all the reserves released to limit the cost impact will need building again.

Good opportunity to buy hear again as fundamentals have changed with financing out the way and a higher cash input than anticipated. It's simple, the more they can eat into the debt, the more value sits here. Output looks likes it's decent too.

WT, this is not dipping that much into the update. I've added so I at least have some going into it. Got 109 but was rather hoping it would slide further down really. Just need some moderately decent update and you'd think the 150 comes knocking.

Went for TLW this morning as this oil thing is far from over. Its all got to get moving ... if it happens at all. OCDO on the usual again!

TP ... thanks for that. Was not sure how it would work.

WT ... here I am simply not familiar enough with how this pans out. You sell say 40% of your holding at 160 in the tender offer but the current SP would surely drop significantly and you end up with what you have today on the blend? Our old friend SYNT is certainly a nice producer ... playing it's usual games.

The credit risk remains high. Any negative cash impact on this company through the medium turn will get ugly quickly. Hence bailing on the hybrid and the shorting. It's simply not a definitive, but signs lend to the positive at least.

Capita has been referenced ... that's been a long turnaround and actually no amazing multi-bagger like you'd have had on IQE or SYNT this year. In fact CPI was a long and painful dog's breakfast which did well selling off some assets. For MCG, they have sold assets for a write-down! If they can be cash generative and simply tread water for a bit, then a slow recovery to 40p might happen. Management would lend to some optimism on this front. However, a pathway to shareholder return needs to be produced and that simply is not forthcoming and the company will simply exist to service the debt for some time.

Certainly one to play around with but the incessant ramping is almost as baseless as the stuff FP was coming out with.

The tender offer plays into the hands of the major of shareholders they have already had dialogue with (holding 70% of shares). So they will most likely be the beneficiaries of the tender with very little left for retail investors to take up. Probably already wrapped and ready to go. You'd think it would have to be a premium on recent average ... so 155-160 would make sense.

Oh well, into the 30's tomorrow maybe. Looks like the game is over and this will settle back into the hight 20's or lower waiting for next set of news. Good fun while it lasted.

Well WT, a good morning to be buying I think. No idea what will happen here but grabbed more here. IQE, FUTR, JD. and THG as well. I think with NCC it's just a matter of waiting it out for the plan for the £185m and Cyber review. That said I now regret not selling some when it went over 150.

Don't think I have the stomach for an AIM mining stock again. Was trading one which had diamonds held up in Africa and that was enough for me! IQE can be hair raising enough at times.

It has certainly been a good first half of this year. The volatility has been on sentiment as opposed to numbers on the whole and given rise to to some very nice opportunities. A bit like you, if the performance continues will be a special holiday with kids later in the year before they get to old and don't want to come with us anymore!

...about time it went into auction?

Yep, sell, sell, sell for another run at this thing. Big dump into the close should create some nice purchasing opportunity.

Hi WT, you still in with NCC ... hopefully they will announce how the disbursement will be made on Thursday. Even at 150 is looks like value but who knows.

Bought some here just now again. Thinking 102/103 might be reached? Sub 100 seems like a thing of the past now. Just looks like there is a seller adjusting portfolio. Just happened on FUTR with Barclays.

That would make no sense. You move at 20p and hold back on the financial/cash security they provided. Not sure when the next update is due but would suggest move was sector based. Will be dragged down under 110 a few more times I'm reckoning ... slow and gradual laddering to next update.

So there's approx 284m shares in issue with 185m to be coming back to those shares via divi/buyback mix you'd expect. There's then the 227M revenue cyber business which you'd imagine lacks scale for meaningful profit generation but bolts on to another player to yield benefit from sales role consolidation and the like. Issue in these businesses is always the cost of sales people vs return they generate and the consistent need to grow teams to grow geography/sectors. These businesses sell for multiples on revenue analysing gross as opposed to Ebitda modelling ... so really surprised the dial has not moved significantly higher on closure of Escode.