Member Info for joseywales

Agree with pretty much all your points really. Just saying don't be closed to the possibility. If Thursday is good, will be enough time to buy sub 26p before it takes flight. In fact they'll take it low 20 mins in just for a proper shake! Anything negative outside of a raise I guess you buy back in at 17/18p. Could be fun, who knows!

Hope you're right Paddyboy. The thing with apples and pears .... they both grow on trees and in this analogy that be cash! SYNT looked nowhere near it and turned cash positive in '25 which sale invoicing underwritten as well to provide plenty of covenant headroom. The pressure has come from debt institutions and no doubt the very same bond holders who are shorting. Clears the decks at the cost of PI's in favour of the major ii's. There is absolutely nothing holding this SP back aside from the cash concern. I reduced when SYNT happened and the 25p mark to 22p clearly means a few others did as well readying for an early start on Thursday. They need to take RI/restructuring off the table and they simply have not done that yet. In fact the jump in hybrid interest simply makes it harder to put a decent dent into the debt. Those who were to participate in some sort of raise would benefit from a much earlier re-instatement of dividends which right now cannot really appear until 2030 at best!

The problem with IQE is same as it has always been. There's a real mis-match in product cost and sales price. It really is as simple as that. They lack the scale to recover overhead etc and end up treading water at best. Perfect fit into a bigger player where much more of the revenue will drop to the bottom line plus additional sales channel ops. Wales makes no sense in the great scheme of things ... maybe they agree an R&D site there and phase it completely out over time.

Maybe ..... One is for the retail investors who are getting wiped out and, on the whole won't be able to stump up for a raise. The other for the ii's who they need to get buy in from based upon the future outlook now most the dross is off the table! Hopefully that's not the case but after what has happened at SYNT, the short profile this has, plus the further drop in SP into Thursday .... it begs the question.

They just need to take the need for a cash raise completely off the table for now and this will climb rapidly.

Howdey! I think now those buybacks ramped up, the value to shareholders in the longer term will be realised. Maybe they were just waiting for it to bottom out to pour cash into it. A huge amount must have been sold down to get here and yet no decent size RNS or substantive short.

So this week will keep eye on MCG on Thursday. Dropped holding considerably after the SYNT news as clearly they are an RI/financial restructure risk with same kind of short profile at play. Will be a case of buy or sell first thing. IQE still keeping hold of this second run at it and still holding on TLW to go further. THG is the funny one ... thought that would start a slow pull back. Seems way undervalued but maybe its concern about competition in those spaces. Will look at those travels ones but kind of prefer JD and WOSG in the bigger cap stuff.

Take a look at SYNT. That came out of nowhere really. The shorts must have sniffed it. Certainly one of the shorts here is the same. Joint brokers were already put in place a while back so anything can happen anytime. When fishing in this pond you just need to win on more tickers than you lose. We're all chasing the multi-bagger and they tend to be riskier.

No just the company buyback. It's dropped significantly. The daily traded volume would negate any regulatory reason for limit, so is the company holding back a little cash for some reason? Seems strange.

Surely this is linked to the refinancing as opposed to oil market. However, no RNS whilst decent volumes are being traded compared to usual.

Deutchse have almost halved the daily spend on the buyback compared to what they were doing in the 200s. Anyone asked investor relations about that? Surely they should be buying the same if not more at this level to benefit shareholders more significantly in the long term?

Yes we are in agreement about timeline but my belief is it will stay sub 150 into the results. Let’s see what tomorrow brings but any rise will likely see a push into the 120s in my opinion. Completely irrelevant and you will see a lot more turning up telling you why the company is doomed and all that. I think it’s a 6 month cycle back to 200+.

So I am involved in a consumer e-com business. We use no review sites but operate within a niche side of a product line. If you are in the revenue/margin per pack game … TRST is kind of an evil necessity. Just like paying inflated fees on eBay to avoid the minefield of independent eCom. Most consumer product selling ends up as a race to the bottom and TRST provide one differentiator/consumer pull. Nothing else is near it despite all the rubbish we will soon hear about ai and the like.

Yes we are in agreement about timeline but my belief is it will stay sub 150 into the results. Let’s see what tomorrow brings but any rise will likely see a push into the 120s in my opinion. Completely irrelevant and you will see a lot more turning up telling you why the company is doomed and all that. I think it’s a 6 month cycle back to 200+.

So I am involved in a consumer e-com business. We use no review sites but operate within a niche side of a product line. If you are in the revenue/margin per pack game … TRST is kind of an evil necessity. Just like paying inflated fees on eBay to avoid the minefield of independent eCom. Most consumer product selling ends up as a race to the bottom and TRST provide one differentiator/consumer pull. Nothing else is near it.

@Carrington ... well the PM sell off happened again where ever it's coming from. Gather in the morning, sell in the afternoon. Qudos to those off loading in the low 140s this AM.

Surely Washington got cancelled by now over there. Didn't Trump liberate USA and all that?

Just wait for the US to wake up. Damage has been lead from there. A strong run into the 150s might be worth getting excited about but not this. Calm before storm .... in either direction!

All happening at the start of a closed period. Doesn't matter what the game afoot is, if you believe the value is there and that 17th March will be reaffirmation of the last update ... then what an opportunity these drops are giving us.

Howdey WT. I am completely out of SYNT. Before Xmas and the sales invoicing announcement I had a much bigger holding so in that respect could have been worse. That said still a chunk of change gone which wipes out what I'd got on IQE and FCH in Jan. IQE on the rise so hopefully that will be a continuing trend. Not sold any of the second run just yet...holding for gold!

Take on SYNT is very similar to TLW. It will get to a point the price is crazy .... for Tullow it was 5.8p but actually I think it hit 4p. Incredibly speculative and have to accept it could all disappear. Maybe it SYNT get to 15p or something I'd throw some coin at it....not so sure though. I think it was only yesterday Jim Radcliffe painted a pretty horrific picture for the chemicals industry basically saying the companies simply shut across Europe and it becomes imports all the way if things continue this way. If SYNT exit everything aside from speciality chemicals, you are looking at restructuring costs which simply could not be absorbed, alongside a debt which would remain unsustainable even if they got £90m. Frankly the low cost exports grab the scale first, so it's simply a matter of time until they raid the speciality sectors. Depends on patent expiries and the like I guess.

Switched across to Trustpilot and THG where cash is not an issue. I imagine TRST could be a few months like this, but THG you'd think will grab some attention soon.

You're right .. big old loss but might as well take it on the chin. Will be a bit annoyed if it soars above 30p where I exited. Just got to move on. Good luck to those who remain here. It's been a ride of sorts this ticker. Good news is, no more nonsense posts from me here!

Wow ... to come out with the trading update not so long ago and then announce this. Not good at all. Big fat loss to recover now. Thing is, even if they try for £90m ... that does not touch the sides of the debt that have.

So much for the cashflow positive 2025 then.

Well scratch that. Yet more shorts added so likely destined for the low 20's again. Something's given them a sniff of blood.

If they were to be acquired, would fancy it would be 12-14p as a cash offering plus stock in the buyer or newco. As usual though, PI's last to here and you can clearly see that it has been PIs selling up at every step up today. I suppose if it's simply a build then stuff gets re-set in coming days and they are proven right.

The bonds have climbed some 25% since October so imagine the short is coverage. I thought GLG had sold off their quant side ... MAN Group got properly stung by that activity.