Member Info for joseywales

I think it's because no-one with anywhere near the true competency required, wants the job. So it's like that Banksy painting of the monkey saying 'one day we will rule the world' or whatever it says to that effect. China's probably the best place to be at the moment ... never thought I'd say that!

Agree with the kitchen sink comment ... this management team are good, and being incredibly careful not to over-promise. If I was them I'd certainly make more of the nigh on £50m amortisation which has to go through the books each year due to poor bad decisions of previous team/s.

I put a few purchases through but only profit from other tickers. I think we will be here for a while though so thinking I might hold off anything chunky until September time. I want some ammo to look at FCH before their results in September. Also MCG still a bit of fun and waiting to see if OCDO drops back after the short filling last week.

I don't think the Malaysians step up. They simply won't get the support for anything under that last RI number so it's a waste of time. Maybe between them, management and some bigger stakeholders they could get to 75% and run off with it at the 120 level. Again a real hail mary.

Frustratingly it is like you say a longer haul than hoped. Seems well overdone at 60p and the RSI is at the 19 level. So without some big chunky RNS showing disposal, you'd think this will creep back after the holidays.

I'd certainly like to thank sharecast for amateur hour reporting. Tucked in at 63p, 65 and 68 ... just seems complete overreaction. Does not help the ones I went into results with but anything under £1 should do well. Like I said before, had hoped this was the turning point and it's been pushed back 6-12 months.

Not a basket case LOTM ... just navigating factors which have been a little beyond the business's control and actually not done badly maintaining and increasing EBITDA.

Net debt went up 30m from end of 2024 so should recover that in H2 in theory. Someone just needs to get hold of Trump ... he's doing more damage than Putin ever could!

Certainly not one for you to entertain if you are still feeling the sting from the Mirriad carry on since there's always risk.

Well no beyond what I was expecting so no negative shocks … no positive ones either! I guess 1% ebitda growth on 10% revenue drop is not too bad. News feed will be on revenue. Cash not beyond expected really.

Just need all 3 divisions performing in stable manner. One minutes adhesives have problem…now we are at mercy of construction sector.

Well if you look at some of the news and results coming out, they are not that bad. So whilst chatter is about correction, the run has not really filtered down where the value hunting amongst small caps is taking place. Would agree the DOW might well revert but I don't trade US stocks ... just have managed fund accounts which I have actually pulled a little cash from lately.

No idea what the game is with SYNT and if it's just MMs pulling it right down or if there is indeed worse news than expected on route. The bonds are trading not far below par, so it would appear there is disparity. Also there has been a massive drop in the RSI from about low-mid 40s to about 27.5 within a week or so.

I guess the same happened with OCDO and WIZZ.

WT, hope you're fairing well and had the ammo for this drop. Happened on a few so assume it's an end of month thing with funds repositioning and the like. Was out yesterday but 88p buy was triggered but not the 84p one I have. After 84p put one in at 78p just in case but that takes it to all time low I think. Goes to show what happens if someone wants to shift shares in the 100s of K.

Judging from Elementis, looks like Tuesday will yield a continuation of the last few updates. More importantly they are probably struggling on the cash positive front they've been talking about for the last 18 months. Elementis have done well profit wise but the topline is stagnant really.

Went back into MCG also in the high 34's this AM and doing a few quick trades on results based info.

Yeah, I don't know enough about WIZZ ... only made £800 as did not have significant amount. Not sure I'd invest more right now ... have it on watchlist to see the ebbs and flows moving forwards.

Yes CRDA might be a good metric. They are not down much today and down something like 25% over the last year. I think however CRDA sits in the more commoditised stuff whereas SYNT has really been trying to develop/grow the speciality side. Building materials are struggling (e.g. MArshalls last week) so that construction adhesive business might not be fairing so well. They just need to have the EBITDA on track in my view.

For what it's worth, TLW is another one dipping a little in low 15p today and again reporting next week. Just think this is the regular pre-results dip to clear sellers as I still think in both cases you have builds sat behind them.

THG already had nice spike this morning. I guess that's my Wizz for the minute.

... and here's the drop we've been waiting for!

Wrong with Wizz ... looks like it's going to keep on going up.

Aside from the tittle tattle, there's simply a build or two going on prior to the 6th August. With no imminent threat and the company simply not in the basket case of a state it was, there will be smart funds wanting to accumulate for the substantial SP upside this represents. I think your shorts here will in fact be those gathering and wanting the SP supressed for as long as possible. If retail short is in play then there's a lot lower hanging fruit out there, that it would beggar belief to be short at this level. The pros are short because they are HEDGE funds.

I'm all out at 1175. Just took the spend and left profit in there. I would be surprised if there's no significant pull back next week. Barclays stitching up Morgan!

Keep waiting for a bigger drop on SYNT ... seems stuck!

Think THG will serve me well. Got in the 30's again and up until that broker rec which has dropped them about 3/4p.

Wizz was great today. A bit hacked off as bought at a little over 1000 in the morning as had not realised HSBC account did not trade it for whatever reason. By the time I got into another account it had already climbed from 980. I think long term it clearly rises from where it is ... however this year does not look that great but it's hardly disastrous. JP Morgan are clearly at something and maybe they are holding a load of CFDs which pushed their hand into that short. I think there will be plenty more volatility to play with there. Where the current SP sits you're not really at high risk if you get caught the wrong side.

Looks like SYNT has found it's spot until the 5th. I was looking at Elementis the other day ... they have clearly had the benefit of defending SP with buyback but comparatively the valuations are way out of kilter even factoring in SYNT debt.

ITV surprised me today. I have held a pot from the 50's days thinking it would double at some point (hence going to the HSBC account which I rarely touch) and sold it all yesterday thinking a another big reset was likely! Everyone I know in advertising is saying how things properly suck at the moment ....

Still messing around with OCDO. Figuring it will be jumpy all the way to 400+ and playing with the house's money now anyway.

Yep, WT. That's a nice drop ... wonder if there will be a push to get it onto the high 80s just to try and flush more out. Will start buying back what I sold bit by bit from here on down.

Issue is the Malaysians own the palm oil business / plantations so invest for downstream benefit ... maybe they do the same sort of thing with all their larger clients. Would imagine the last thing they want to see happen is change which could impact supply agreements and the like. I just think talk of 'takeover' is reaching and if there was one it would be with these guys on board getting it at a steal. It's the same rubbish touted on MCG and the Cosmen plan ... if it happens there's no tasty premium on the SP as debt needs to be covered off first and intangibles crushed in the negotiated price.

Is that the first time Shore have put a number behind their broker rec at 45p?

My take on Coats is to see if it gets taken sub 70p and then some.

I still have a lot of untouched SYNT and sitting tight on buying back what I sold. I'm not so bullish about August results as I once was after that covenant extension ... last sale is same as you but I also sold on just about every mark between that and 100. With time I still remain confident but I was thinking Q4 for real uptick and think the window for that might be longer now.

For now I think OCDO will be fun for the next few weeks with pullbacks, fills and all that drama. Just building a load that owe me nothing.

Hopefully we will see WIZZ continue upwards tomorrow. Would be hard to believe they have not already cleared the deck of bad news and the middle east exit seems like very prudent management. Only downside will be exceptional items for that exit I guess.

Well it was not a full basket but certainly enough to please this morning. Messing around with it now but I think this goes 350+ within a couple of weeks if that. Suddenly it's not such a basket case business.

I'm actually happier with FCH which was a real bonus this morning as I was not expecting news until September.

Got quite a few WIZZ now so hopefully we will see that turn nicely. Might well hold into the results.

JD. getting down close enough for another run. Just bought a few.

Coats is a new one on radar after that raise.

It's going up slowly which I think is good, but like you say, typically it gets a little pounding before results or updates in recent times. Hopefully will get a nice opp to buy the shares sold recently.

Looks like there's no rush into OCDO before results so assume it will be a bit of a non event tomorrow ... maybe even bad. TLW on 15p again so gone there for another run at that. Mind you last time it went all the way down to the 12s.

...also gave up waiting on FCH to fall sub 120. Maybe low 120's is as good as it gets now.

Well when it comes to MIRI what they do is good but cash was the risk. I just did not like it. Do they have cash secured now and for how long against the cash burn?

BME getting punished. Not entirely sure what to do since the margin attrition is the concern in FMCG sector at the moment ... could see sub 200 over the summer.

OCDO and MCG moving ... think MCG will fall back so just got my spend back and left profit in there. Thinking I'm going to hold OCDO and take a flyer on results. Can always sell on open if they fall short or are muted.

Was considering BME but have chosen not to and if news is positive will buy as early as possible. Bought OCDO today and will buy more if it tracks lower. Thursday trading statement. I think they will show participant increase but at a cost to margins. Whilst I mess with them still, I personally think they fail in the longer term.

Sold a little more SYNT this AM and loading onto MCG. FCH also on radar again as it approaches sub 120.

JD. and THG on the drop again but holding off there...I think that must be tied to tariff carry on.