Member Info for joseywales

Yes, the best position the company has been in for some time. Will be smaller after the sale but profit and cash generative. Once they get that debt under 1bn, should also pave the way for capital return whether it be in divi or share buyback. Thought this was a 12 month SP recovery path but actually 6 months might be more like it if they deliver on the words.

New CEO concern is utter nonsense ... just need good CFO to close off refinancing and the like then a CEO for the strategic stuff post that.

Can't help but think they really should be putting that 25m into a buyback and not paying as a dividend. Cancelling shares is the only way to defend against an SP being managed in a pocket when volumes/participation across the LSE are so low.

Well it's a little more since its a net of tax number. Sure makes tomorrow interesting.

Well if it is 12K/day then if they can clear 4-500m off the debt pile selling it then fair enough. What you don't want to happen is a sale which effectively equates to 25% of the debt pile!

Results next week and plenty of game playing with the 35m shares goldman have out on loan. Would imagine that's spread amongst a few operators as part of some game plan and possible build by certain parties. Hold for a year and I'm figuring on a good healthy return.

These broker ratings are getting more and more moronic across the board. They are either setting the bar at 'scraped through an education' when hiring analysts or they are just hedge fund puppets.

TLW, WPS, OCDO for me next week WT ... all reporting Tuesday.

Is the Q1 update scheduled at all or does it just randomly appear towards the end of April?

WT .. I think the timeframe here is 6-12 months. Personally think it will be closer to the 12 months before we see over 200 again but who knows. Certainly has been a disappointment this one, as I'd hoped for a good run into the summer. Rather envious of the CEO who's converted his bonus to stock ... can't help but feel he will be making a packet on those within a year!

Personally don't think there has been any shift in management's view of the business and the consistency there gives me a degree of faith. I don't think their financing has anything to do with their market cap and more linked to Ebitda coverage against facilities etc which they are well within. The key is to maintain if not improve EBITDA and not leak more cash. It sounds like they will manage that. I'd imagine the next positive bump upwards would be any divestments they make which could eat into net debt. If that could happen in Q2, all the better and maybe make a mockery of where the market cap sits currently. Outside of that I guess we are not due any news for a while now so the funsters can have their fun with this ticker!

Got to laugh….saw those ratings come in this morning. Trying to see it as opportunity and not simply the mighty red!!!

Hi WT, when it comes to WPS I don't have loads in there. They came up as a point of reference in a strategy meeting I was part of a while back. I think the market just struggles to attach a true value on these type of businesses and they need to reach a certain level of scale to really survive. I'm staying away from WG. unless it sees the low 30's high 20's. When the shorts are still loading up, something is off balance.

Just bought MCG today, loaded up on TLW now having bought quite a bit in the 13s and grabbed Keir yesterday at 121. Did the quick game on SYNT yesterday and will do again today in it slides into mid 120s again. Also playing the game on THG as well and put some money back in to FCH at the sub £1 level.

I don't know what to make of OCDO. I reckon the RBC 230 target will come into play and might even see low 200's soon. In the past I'd have jumped on it but I think they could well be in a mess and burn that cash they have access to.

Nothing unexpected at all. Will simply drop as that's what market sentiment does to 'expected' right now. They just need to show progress on what they've said in the coming updates/results over the summer. Tough to know when to buy today. Could go low 120s maybe?

Well he's a way off chartered. Thing is, that does not necessarily make a bad CFO.

Thing with CRDA is they really have not had the throttling that SYNT has endured. I think they are about 30% down on their pre-Covid levels.

Don't mention oil! ... I'm about waist deep into TLW now having bought in the 16s .... thing is I've bought in the 21/20/19/18/17/16 and we're still a month away from their FY presentation. They got debt down so much and one blip is getting them caned.

JD. is looking good at 81p. Nice for a swing trade again.

Thanks LOTM, I will watch from the side for the minute and drop a note if I do buy in the end.

WT, with the CFO debacle on top, WG. seems to be in one hell of a mess. I'm still steering clear and sub 20 would look at it as a punt. As a long term hold it might be good but if you don't know whether your contracts are profitable or not ... it's pretty damning for a company.

I'm not sure about holding anything into results at the moment. Good seem to get a marginal gain, expected a gain on the day then dragged down, then less than expected .... well 20% plus drop over a couple of weeks! Since Brexit and Covid things have changed so much. I'm investing in a business in which I will take an exec role. Getting back in the trenches seems a lot more interesting to me now.

From a cash perspective though, are MIRI going to have to run further dilution? What's the cash positive outlook? Just looks like a boom or bust scenario.

At the moment I have been more inclined to just add more here in SYNT and got some at just under 129 yesterday. Holding way too many of them for my liking but nigh on 30% below the RI price with negative news flow diminished makes little sense. It's just a casualty of the vast cash outflow leaving LSE. When you get the miners (or their shareholders) piping up about leaving the London exchange, it's a clear demonstration of how messed up things are.

I think the knee jerk reaction is the right one. They basically not got a hold on profitability drivers and the big question will be how much of the 6.2bn order book is now actually loss making. I think that's enough to scare a lot of people away. Need to see if RNSs come in from fund holders as that will be tell tale sign they see the same. I'm still staying away from it. Will look again if it breaks 20 but I'd say some restructuring has to be on the horizon as there's no profit to generate cash.

But Icecool, the fundamentals are they have no idea what they are going to make in the future. Current predicament proves that and then you'll have that review highlighting bad governance. They should be fired not resigned and frankly investigated as clearly at a level they have been completely ignorant or failing in fiduciary duty and maybe even complicit in keeping some of this under the rug.

As for SP, it will carry on being sold off into next week so I'm thinking you'll see 20p and it really is like PFC ... no hiding that.

6.2bn they can't say whether they make money on or not. That's the issue. Could be a house of cards collapsing.

That's funny .... someone said about shorters closing at the end of the day ... they are opening all day long. They'll be opening at 30p. Company is junk change right now. It has no value beyond it's debt.

This is on the same train as PFC now and the thing is, whilst PFC is nearing the station now (in terms of restructuring), WG. are full steam into a continuing bad news stream that'll see them in the 20s next week. All those nice news contract wins they've been announcing mean nothing if you don't make money on them.