Member Info for joseywales

There would be no confidentiality and union reps would be out in force to nigh on bully employees into refusing deal.

What's worse is that Unite wanted a workplace ballot ... so basically this would enable them to pressgang their membership as opposed to a confidential ballot. As I said earlier, Unite is the dinosaur of unions...probably still use words like proletariat and bourgeoisie.

The strike, the euro rate, the banks, no real guarantee what the Fed will do next week .... all in all there's a torrent of poop being flushed through the system and quite rightly the shorts are making the most of it . Looks like the FTSE250 will finish marginally down, so at some point, there will be a mood swing to correct back from the carnage yesterday.
Glass half full and all that!

Point well made Paddyboy. Unite are putting a stake in the ground which could harm them longer term. Unions are dinosaurs in terms of how they operate and need to change to maintain credibility and relevance as Gen Z becomes the abundant workforce.
I am sure most the workforce with family will work whilst those still using the bank of Mum and Dad will have a few days off.

I could not find any news on NEX today. Looking at the trades and volume it seems to be the shorts. Also quite a lot of small orders which are not auto trades which seems very odd.

Never thought I'd be in the red with this share. The hanging around in the 130's was one thing but this is a bit silly really.
The manipulation is breeding the fear which it is supposed to. Fair play to the algos I suppose.
I'm not a great believer that the strikes are the thing impacting this ... my thought was that the dividend remains unsecured until approval at the AGM which is post ex div date. IF strikes remain ongoing, maybe some fear this puts the div under threat.

Would this decrease not be more about the euro rate possibly going up 0.5 and it's possible impact on euro denominated debt?

Has Jon Lewis really stepped up and targeted 97p per July ... assume that was a joke?
Expected a fall from 44p but MW seem to have really got to work on this SP again. At 34p I thought this would be too good to miss but appears to have gone lower. Based on the report on those little unit sales, you'd think this should be sailing back to mid 40s again.
If Credit Suisse woes continues then they will need to to an SVB type thing (on at least part of the business). Bad for the CS shareholders but saves the wider masses.
Since we just had the bank results in the UK and all well capitalised etc ... seems quite a kick for the FTSE today.

SVB fear seems to have touched everything this morning. Average Joe not getting that they bought treasuries when interest rates were being hiked at pace. It's not an endemic problem. Further down the line, the amount of leveraged debt in corporate USA might be, but that's a whole separate issue .
If the fed sit on their hands this week and delay any increase until next month, that will be huge. Press in the US seemed to be leaning to 0.25 increase which was already a positive.
In addition, many companies have already laid out their exposure to SVB. UK seems already accessible this morning and would expect more info on US this afternoon. Seemed like US fed will buy the assets to speed access to funds as early as today. So really it's just those with debt facilities with SVB who need to drawdown on that facility, who may face challenges.
NEX just dragged into it by the shorters/algos. Just need one of the investment funds out there to take a percent of 2 of the stock...that'll get the ball rolling.

For the diamonds I think you just need to be prepared to wait months not weeks for a pathway towards any mining rights, JVs and the diamonds in the vault.
I think the trading update is due next week so will be interesting to see if delivery is being made towards that 'nameplate' production figure in Romania, and more importantly what the cash generation rate has been so far.

Yes, I think RBC also wanted some sale of 'parts' to deleverage. At least they asked the question about it during the presentation.

I think they definitely believe in the stock based on the presentation. What I'd also add is that any debt concerns were also managed in terms of the covenants which they are operating well within ... again, has liberium just had a brain fart? Also the 36 month bridging on the bond expiration in Nov23. The CFO gave clear detail of the debt structure, timelines and cost.
In terms of director buys and possible talks, it would be a great start to next week if some news emerged over the weekend. However, I'm sure we'd have had an RNS if there was anything (like we hope) really holding back director purchases.

You’re not wrong Paddyboy. Will not sell any of mine till SP gets over 180 and if that happens before the summer I’d likely keep them a little longer.
Of the other chat groups I look at this as one of the few where people actually use stats and figures to back up arguments from time to time. I also just started to build up on WINE but no one’s on that chat. (Probably on my own for a reason but I see something in that business partcularly at low 100s).
NEX was also the first of my ‘projects’ which started with my participation on chat. Whilst it does not impact decisions made, divergent arguments and theories can help develop your own decision matrix/toolkit in the future.
You go on a chat like VAST and it reminds me of Escape from New York where the loons have got control of the asylum.

I just went through the presentation deck again to check my own sanity. I have an average of 128 and I can’t sell and buy back in. I am jinxed doing that and fail far more than succeed. We are also only talking 10/15p so not even worth the risk.
So systematica have pumped 600k more shares into the available pool …. but there was a £5m buy today? So in theory way more taken out than put in or am I wrong?
If I am not wrong, are they not going to need to get more short shares to push down the SP further?
Also, surely every day is more of a risk for the shorts as if we are close to bottom, any fund jumping in for a slice of the pie or valid acquisition rumours will lose them a tonne.

This monthly gut wrench of Powell saying stuff, CPI figures and interest rate reviews is just a crap 5 days. I guess it never used to feel like this because things weren't so bad and of course 08/9/10 was kind of the opposite direction.
I think if I were a woman, by now my menstruation would align to these days to really make it feel like life is repeatedly kicking me between the legs!

I think the price has held up well today. Liberum gave a very wishy washy justification with no stats to back it up and counter NEX's presentation.
They should have just said "we have a few mates that need some help so if we put this number in there, can you do us a small favour and sell some shares ... oh and don't buy any when algo's run the price price down either, just get selling"

Yep, saw that with ITV. Got to be honest I sold them once they were over 80p as it was almost corrupt what was going on. Seem to remember low 60,s early 50's ... took some time to get to 80. Even now with advertising woes the studio business alone has more value than the market cap in my opinion.

So this carry on, linked to the fact there are no director buys (which I assume would not be allowed if something bubbling), could well mean something is on the go behind the scenes.
I imagine suitors would first court the larger institutional investors to get their take on it and some feel for acceptable price range. NEX directors might get to know of that conversation but it's not RNS worthy until the suitor/s have the conversation directly with the NEX management.
That would be a real bonus if it did materialise ... even better if news hits after the dividend!

It's a bit silly as they just lose credibility.
The pre IFRS debt is pretty much covered by assets alone. You then have 400m EBITDA at the start of a recovery cycle.
Got me thinking that if there is a concerted effort to keep this down, could it be to tire the institutional investors so that a low ball 250 type offer would be considered?

Now seen the Liberum rec. So 115 target and sell.
They might as well just be some kind of activist shorter. It will certainly help GLG/Tellworth/Systematica get their profit out their shorting. Does make you wonder what kind of revenue Liberum gets from some of these guys?
There's focus on the debt but actually it does not even look like the analyst has gone into how that debt is utilised and ROCE per unit and uptick expected etc. I guess maybe they struggle to get good analysts these days!