Member Info for joseywales

I’m less inclined to lock in any range. Still simply holding what I have now. Once the covenant issue is sorted I think this will do what WINE just did and climb over several weeks with little option to ‘get back in’ at a discount.

The difference being he’s in at 10p a share. £150k ish for over 1.5%…not a lot of money really. Cannacord left for a reason so I still fancy this will go for a delisting.

Hi WT ... you have shorts increasing at DARK ... I'll buy in the 330s but wonder if this time it will be pushed lower.

I'd agree with you on SYNT ... tomorrow could be the type of day where it hits 133/5 in the morning and high 140s in the afternoon. Live in hope I suppose.

It could simply be overhang in the MM network from Cannacord's sell off. No RNS for while would certainly indicate Shroders have stopped. Does not mean they have seen good news but the management could of had a call with their larger investor.

I can't speak at all for Music Magpie but I know one couple of their competitors and industry peers are fairing very well at the moment. Concern is about supply for 2024. Across all tech secondary/ITAD space it's looking quite strong after a tough 22/H123.

So are you and Robswire shorting this? Assume you are either invested and unhappy or have a retail short running with one or two others? How many do you have left to buy?

I don't think I bashed you GMHK ... might have said it's a ridiculous thought but then 118 was damn close and shows that eventually the London exchange is doomed. I also said there was no way SYNT was going to do an RI!

One thing I am definitely doing is reviewing USA trading. Dabbled a bit and liking it a lot more. The issue is the valuations are so massive on some companies ... complete opposite to UK. Then you get the forex component which the platforms seem to be making a tonne out of.

Leaving Wigwammer to do his thing. I get it finally though ..... Josey Wales a cowboy and Wigwammer is likely native American. I wonder if he's the sidekick who keeps creeping up on me. I'm going to get the big bad wolf to blow his wigwam down.

Hmm....just like thrush you just keep coming back. I think my post history speaks for itself. Sometimes right, sometimes wrong. Don't generally dig people out as finished school 30 plus years ago. You obviously read something i wrote , went with it and got burnt. I express opinion, happy to debate but your sort of behaviour is for the PFC board where it looks like you you can spit and scratch at plenty who will engage in you whimsical meanderings.

I would check you have not got me confused with anyone else as right now you are Donald Trump style loco.

Yes I was pre-RI but late to the game. I think it was from about 80 or 90p that I bought and then was in and out all the way down to the 60's I think. Sold the rights.

Had also been in SYNT once before when they went from 90p to 170 or similar. I sold out early on that one.

WT - yes had one batch of DARK yesterday and have a sell order at 360.

I've cancelled the buy order I had for SYNT @ 135 and bought MCG in 84's instead.

Just sit and wait ... there'll be a reason why the trading has simply stopped.

Hi WT ... I added more PFC in the high 27's yesterday. Just looks like there is too much resistance for it to go low 20's again unless short shares are pushed in again.

I don't know with SYNT. Like I said I'm just holding. If it goes down to 135 maybe lower I will add again. I do believe GMHK with the 190 target pre results announcement. Will need a further update to plough past the 250/300 in my opinion. Results will show negative as a result of the 'discontinued operations' burden I reckon.

I had a DARK purchase triggered at 336 and have another set up at 328. I think the window is a 360/65 top price now.

No RNS from Shroders since Tuesday and each day more are bought than sold. So who's filling the buys?

GMHK ... I think you are right, this will re-rate significantly at some point this year. Thing is there are plenty of others which are 'imminent' as well so I'd have spread it. I feel good about this one and MCG in terms of them doubling in a relatively short period. They have kind of had their punishment period now!

Walkietalkie, I still have an eye on DARK but not dabbled again yet. I also built up quite a few MMAG shares of late and waiting to see of we play the PFC game into the low 20's again. I won't sell that tranche I bought for under 34p.

Walkietalkie, I'm just holding this now. What I bought at about 121 I sold (my mistake) and will hold the other tranches until 180/190. I will likely sell half before the FY23 presentation whatever.

I saw 888 this morning. I bought back in at PFC, for a first tranche in the 29s. Doubt it will go all the way into low 20s again but if it did similar to last time that would be a result.

Saw your purchase among the field of A trades. I hope we will be closing in on your average shortly. Shame it had that pullback but it's sure to be a bumpy road .... all the way to 300/350 hopefully!

There's logic in all sorts of things. A hell of a lot in a management lead delisting once they can guarantee enough votes of support. That's pretty much my major concern .... not sure of the ins and outs of how that happens but know a bus company did it not so long ago. Not sure how the PIs faired.

I think that's hope clouding your vision there Hedge. Rules around 8.3's and the like are clear. Down at this price there's enough retail/fund traders to absorb.

We need the FY23 results published. They should actually be decent reading (at least when aligned to this SP).

7.5m EBITDA

About 13M debt of which only 3m is not covered by forward contracted rental revenue and the asset value

Got to get past the idea of a buyer willing to pay the sort of money touted on here and move on with a business which should be £120-130m and nicely profitable. It'll be a business worth about £50-60m then.

Now here could be a kicker and has to be covered in terms of balance sheet risks. That £7.7m should reduce each month in line with the market value which could be realised for it. It's a simple system for them to have in place and prudent to avoid significant year end tangible write downs.

Maybe you could check with matey to see if they do indeed have that system in place Hedge.

The US is such a different market. I know of two online only sites that shut up shop citing DeCluttr as one of the reasons. They simply could not compete with the pricing structure decluttr were putting out and could not make profitable headway into the space. I'd fancy decluttr has little or no profit. Cost to collect and process structure are abhorent there if not processing in MX.

I don't know how much revenue there is there, but if it's $30-40m I'd say sell it. Whilst profit might be marginal a US business sale would consider that revenue because of what a PE house can do and put against it for the 'fund' purposes. Their upside is a 3 yr plan to deliver 15-20% onto the bottom line mixed with increased revenues... smart management would integrate it into retail network/partnerships e.g. Bestbuy, Staples etc.

ECOATM won't want it as they already had Gazelle within the group and they won't be interested in the media element.

Thing is you need a plan on how best to make any funds from a sale work...you don't want it simply dumped into working capital ... maybe share buyback.

Pleased your right on this GMHK. Couldn't care less about the packet I sold yesterday and will hold for gold now!

That £38m fine payment is a bit false flag. They would have it accounted for in their balance sheet since it was already a liability. So net debt should include that already.

VAT Margin rule (only for purchase from consumers) applies to most their stuff. So 16.66% on the material margin of the product (not processing expenses).

Rentals would have to charge the usual 20% VAT as it's not a sale. VAT margin rule would apply to the end of rental asset when sold.

My understanding was that rentals was not solely about adding profit but building a subscription type revenue base. Issue as we know is the consistent cash drain in doing that when it comes to hardware. Each growth cycle is a burden on cashflow. Another thing on rental is eeking out the most revenue per asset to maintain purchase price leadership on the inbound and draw consistent product through the door. This sector is all about securing supply and there's a lot of competition out there for it.