Member Info for joseywales

This one just got interesting again. What's happening with the buyback though ... surely there should be a daily RNS on purchase volumes?

With the refinancing side coming to a close and cash generation which will be way exceeding expectations, it makes little sense why the SP is down here. Any ideas when the next company update is due? See 14p has been touted as a target but what about 20-25p more realistically by end of year?

I don't know if it's coincidence but very similar happened with IQE when they started a 'strategic review process. Was milling around 7-10p for ages. Maybe shorts are used as means to suppress the SP for as long as possible whilst CFDs and the like are opened up. Like I said before, they buy the target and hedge with the short. Who knows really ... just seems like a decent punt.

From a corporate finance perspective the write downs do matter even though they are non cash. Importance is relevant to the bonds as it simply strengthens the case for full redemption of bonds based on a fundamental sale of the US business against which bonds were issued (along with the rest). So if the bond holders fear more attrition in value here, the smart play is to go after this and secure par on their investment.

When it comes to 'what does it mean' ... a refinancing against which a liquidity event is required. Not saying that will happen but the whole Synthomer fiasco came out the blue and actually that business is less of a basket case than this one.

You'll find I'm not talking nonsense and bar all that, I will start to buy back what I sold once it drops a little more.

@James Oxford, yes you were correct, I had sold out what I'd purchased in the 17's/18's simply taking the risk. I don't think the window here is 2-3 weeks. In fact when you have the write downs kicking into the accounts reducing asset values which are still heavily in intangibles, maybe accounts time will see a small rise if there's positive messaging on cash generation. The market is clearly making the assumption that down the line some kind of refinancing will be needed to address debt. As much as you can harp on about it being 'manageable', that great when a company demonstrates smart use of debt in terms of growing the business and margin. It's not really happening here and a blip in ALSA would be pretty terminal.

Flipside is, they turn it around, then it 3-4 folds at least as the funds get interested in the 'certainty' of a sustainable business returning value to shareholders.

Short lived I fear. When the market assesses the longer term implication of what's happened, the inflationary pressures will push into further wage inflation and the different unions digging in. Hedging will be on a cycle which will impact input costs eventually. They are not winding down or exiting the UK quickly enough and this We Drive U nonsense needs to be sorted. Again, make it work promptly or exit. Nothing is happening fast enough and it will drag out the turnaround. Best to sell what you got in the 17/18s and buy back in the next week or two in my opinion.

So they've announced the buyback to continue through until June when we should get final results. This morning looks like a nice opportunity...

Samsung just reported an 8 fold increase in gross based on AI chip sales. Between the general drive to support the AI bubble and no doubt increasing order for US DoD, could well be a pivotal moment for IQE finally. Volume should drive the profit.

You can't make it up ... Barclays at 285 yesterday and Morgan at 750 today. Paying any attention to broker ratings whatsoever is a sure fire way to lose money! Like todays rating but at the end of the day they are both as bonkers as each other. A little divestment or two will help propel this..

Bought back what I sold. Anything sub 40 is a bargain in my opinion. Would say 60p is min within a month or so and £1 plus q3. Some fun to be had in the process! .

Certainly interesting this one. Bought a batch to see where it goes. SP really seems out of sync with fundamentals of a cash generative business.

Howdie WT. I am out of TRST just for the time being. Back at IQE and sold some of SYNT today with top up on MCG and NCC.

Not too concerned about NCC. Reckon the shorts bought target and we know for fact nothing will happen until after the 30th April on the transaction. The only thing would be if there was an offer on the cyber .... doubt it. The buyback is also putting more money in our pockets when the special divi comes too.

The stepping down has overshadowed the positive guidance flow. Net cash above the 100m target should be the big takeaway. Instead the algo's seem to have skipped the trading update.

Solid results. No surprises really. Won’t stop the gaming of the SP though. Closed period over so employees can benefit from the price level.

Hi WT, Well my comment some time back saying I'd buy back in sub £2 was a but tongue in cheek really. I guess this is what happens when 5% of the stock is released. Who knows where we go from here in the short term...don't think the impact should be underestimated if we don't see some corresponding ii increases in holdings RNS. With the trading performance and the buyback we should be in safe hands .... but as ever it might just take longer than we'd like it to take!

In the coming weeks the madness will abate I reckon. Tough situation to unwind from in Iran but can't imagine your typical US citizen wants to be funding a war in the middle east. (Albeit the tariffs do that and they'll soon work out that's one and same).

Time to 'eat your own' comes to mind if you're a republican politician. Midterms will end up being a right dog's breakfast.

Will buy some now and get ready for lower tomorrow. 190's seems good spot.

Is it an overreaction though? 21m shares swapping hands at 214p with some leftovers the MMs will have to clear out. I felt low 190's might be the mark ... basically 10% lower than the 214.

Well opportunity might be knocking now...

Agreed, they have given all they can give at this stage and the rest has to come in April. Realistically they don't have to sort out the refinancing until the end of the year, maybe later. Since it's been a sea of red everywhere today, hard to tell just where this will go. Keen to see if GLG increased when the report comes tomorrow. Someone sure did!

Well I got suckered into buying more at just under 25p. I must be missing something as the drop from 60p to 18p was wall about the comment about looking at a raise. Now that's disappeared surely a slide back to 18p is hard to achieve.