Member Info for joseywales

I only bought in more recently after the BT thing went south. Started at 12p and bought down to the high 8ps's. Not sold any of them. I don't particularly believe Brigand .... rumours in the trade abound about everyone right now and most amount to nothing.

Just on something in similar space, some time ago I took a look at the World of Books accounts filed at companies house ... don't be thinking that media side of the business amounts to nothing. Might be shrinking but highly profitable.

Well if any of that is slightly true then lowball MBO deal on its way maybe? Could even be sub 15p alongside some dreary numbers and cash position YE2023. One hell of an achievement within 3 years. Hoped for more but will settle for that (if it happens).

Hi WT,

Got 100% out of DARK at 350 so lost the 10p extra per share it went to. Bought some FRES this side of results which come this week. Not sure if it will go lower but will add and build a decent size holding. Would expect some fast change there over the summer if not before.

Still don't have the confidence to top up here but do think GMHK is right on it's impending charge. Just needs the covenant extension confirmation.

Interesting but a bit smoke and mirrors. Pricing intelligence comes from scraping competitor offerings and maintaining the intelligence file that generates your pricing structures. At the end of the day sellmymobile has APIs into most trade-in houses so I'm sure access to that data set is available for a fee. Pricing maintenance is the hardest part of the whole game and you're always dealing with a deteriorating asset value.

PE. If there's a move in motion to de-list then there is simply a play to ensure/predict that 75% of the votes can be secured on the proposal. Shareholders at 10p help the cause.

The bit I can't work out is Cannacord ... they've provided liquidity but if their exit was 11p how do they get back in without loss (if at all). Still makes no sense.

Well you can still buy 50k shares on instant at just shy of 10p. I imagine you’d get 100k filled on a limit order. Certainly a decent sized pool somewhere. In theory the liquidity Cannacord put in would have an effect anyway and using th 15p pre BT type base, you’d think 12/13p would be more appropriate.

The actual spread is minimal right now so it’s more likely someone is buying and selling to maintain status quo into new set of averages. Like I said, once that 40p year high disappears and trailing averages lower, we might hear something. Very much doubt we will see 2023 result before then either. (Unless date has already been published).

WT, sold out of DARK at 350. Amazing what happens with that share...would never be an LTH in it. Unfortunately MCGs continuing woes are a headache. Although I was out of PFC, the low 27s were too tempting for me yesterday. So I was not 'out out'!

Have some liquidity and would really like to top up here ... just really lacking the faith that it won't simply sit in this pocket until there's a further update later in the year showing management guidance is on track. There's just no volume traded.

I guess we will see at some point. In a few weeks the 52 week high drops to about 30p and probably a trailing average of more like 20-23p.

I think you are getting too emotionally attached to this. Let’s say it’s a PE solution. They will not pay 30p let alone 50p. They will create a structured buy out which folds executive and major holders into ‘newco’. So long as the price stays down at this level for long enough then in theory this structure could execute at 18-20p.

During your 3 year plan you have a cash call to flush out a few holders and increase PE holding and get 3 times your money in 3-5yr window.

Not saying this will happen but what I am saying is stop touting pie in the sky valuations and open up to alternatives. Right now, if I was Oliver that’s how I’d be working out how to get back to the worth I had a few years back. Not concerned about someone holding a few hundred k of shares.

Certainly agree 10p is crazy low. However someone is still providing share liquidity without RNS here.

The algo is just running it. Case of just holding and maybe top up on a sharp fall … doubt that will happen but who knows.

WT…assume you are working on DARK this morning?

Whilst management should have been on top of it, it’s clear many don’t understand what a provision is and how it sits on the balance sheet. Very good for the rest of us and the shorts who just got a Brucie bonus. 70p to 79 to 74 to 78 etc etc…way to bigger impact for a provisions announcement and confirmation on EBIT

Someone is scooping up the sells. Convenient for them I guess.

Hi WT…did not do anything with PTAL. Bought some CBG @ 290 and eying up more possibly. See that a little like WOSG where the market just crucifies news beyond reality of the situation. Shorters just jump in knowing funds have to move allocations.

Exited PFC as it seems it’s found its spot until there’s news. Just couldn’t break the 30p.

Hoping these chartists are on the money here!

I reckon the results will meet expectations…maybe with some profitability uplift and cash generation from US operations offset by dire UK business. They should exit that UK bus game.

Debt remains sustainable so they probably should present solution if USA business only bring suitors who want too much of a discount.

The Cosmens probably added to ensure any offer for the whole could not pass the 75% threshold. A year into this stock, I hope this year does not simply turn out to be like the last!!

Hi WT,

Topped up Pfc at low 27. Will now sell some at 30 and hold balance for 34/35. Will buy Dark at 335. Bought more FCH @ high 26 so all in on that one now.

The penny profit trades just don’t pan out for me as the ones you have to bail out on are bigger losses.

Also some I build for future divi value in ISA. It’s how I see both MCG and this eventually and aside from capital growth you could easily see 10% plus divi on your original investment value. Still mulling VOD for this but seems commentary very split….bought BT for this as I think market is very confused over where it’s future revenue streams come from and hefty debt structure dragging on whole sector.

Never got why they changed their name from Brightstar to Likewize!

I assumed they get the vat margin sale on the eventual sale of the rental asset. That’s why i am concerned about how they are booking and managing rental assets on the balance sheet. I fear they may not be depreciating them or booking an @ market accrual on rental assets.

You have pointed out a major factor why the BT would not work. B* lost Voda a while back and Ee are probably also set in a path which would integrate trade in with their supply chain. SBE/B* integrated trade in and refurb makes sense for Ee and I think they do that for the most part already.. Sort of like Voda and ANOVO.

Mmag does not really fit. However Likewize, New World, PCS might be ‘out the box’ options. Assurion would be the most obvious I’d have thought. All that Vat margin product for insurance fulfillment would work and they could probably integrate declutter with that repair retail outfit they bought a while back … was it ubreakifix or something similar? I would not know but maybe assurion are using Hanson’s software for some of their processing….

That said, my favourite is still manamgement lead move to delist…get off the exchange and work to some better valuation/exit down the line.

No WINE is done now. I think 70p has taken it a bit too high/optimistic. It’s a nice little trading stock more than long term viability. Wines a tough game.

Good movement on Synt today…really hope it keeps the gain and slowly chases down that 197 for starters!

My point was 150k is not a lot of cash to part with. Could simply be a punt on some gossip he’s heard locally.

Interesting….no doubt we know each other!!

You need 75% shareholder approval to delist. So management and largest holders would need to be on the same page. Based on trailing averages and the like, it’s hard to say but maybe 18-22p would do it, maybe less. It’s just ensuring the support threshold. There are some rules around the price those who do not roll in get. I’m not clear on it all.