Member Info for Kando

"" Looks nicely set up."

for what??"

Yesterday it formed a nice looking morning star doji, closing squarely at the opening price and on higher than average volume, which is a decently accurate signal for a reversal. Buyers came back in in enough volume to cancel out the sellers. Today looks likely to confirm that reversal in momentum.

Good price action today. Looks nicely set up.

At IDS/Royal Mail, management backed by the biggest shareholder, czech magnate Kretinsky, ran the business into the ground; destroying the service, decimated the workforce, ran massive losses, for Kretinsky to white knight it, swoop in and buy them out for a song, just as all the much belated modernization drive might start bearing fruit. Expect something not dissimilar is happening here. Kitchen-sinking all the bad news, bad management, bad prospects yadiya, for a cheap bid to look like a rescue and el dorado to the other weary holders.

Looks alright actually. A flush lower through that strong 52.5 support line to sweep up all the tight stop losses, now it's formed a bullish flag into lunchtime. Will probably close around 53.50, back above the support line, not confirming the breakdown.

Sorry if this has been covered ad nauseam before, but has someone done the math on what the NA operations are potentially worth?

What sort of dent in the debt pile are we potentially looking at?

Top FUD guys, well done.

Fairly oversold on the daily. There's a key trend line it's been testing since yesterday, seems as yet uncertain if it wants to break down below it or not. Not much further below that is another strong trend line at 205 though, so I would imagine selling pressure will be dissipating rather than increasing. Might depend on tomorrow's inflation prints for the point when buying pressure returns.

What's to stop RDW chasing BDEV down if the merger and otherwise poor results there are seen to be unfavourable? Now that RDW are essentially pegged at 1.44x BDEV. If BDEV falls to low 400s/high 300s, then RDW's holders will see no premium whatsoever, no?

Doesn't the RDW sp imply Barratt should be trading closer to 470p if there's now an implied pin at 1.44x? Is that spread just a tug of war between the two shares as to whether this is a good merger or bad?

The volatility of this share inevitably makes it a bit of a trader's plaything. The company deserves to do well though. I'm sure it'll come good over the long term if they can deleverage.

No, me neither, much prefer to invest rather than short, but it worked well enough shorting from these same levels and conditions last week. Nothing personal against Mobico, it just looks like quite a tenuous rally based more so on hope and speculation than substance.

Back to being overbought on the hourly and daily, topping out at 91p resistance again, gaps aplenty down below. Agree that this is going to move very fast.

I have looked at the financials. They don't seem all that strong, hence the need to flog off the NA operations. Opportunity maybe, but the reality isn't there yet.

Who's bashing the company? It's just a comment on the balance sheet and finances in relation to the share price, that's all. It's a fine company that got hammered by a pandemic, and through little fault of its own now finds itself quite over-leveraged.

I agree, it could be, but similarly the chart from October looks like the chart from Mar to June '22; a 3 month melt up into a blow-off top. I think this relief rally might exhaust itself soon. But this is just my opinion and is as much speculation as anything else written here.

Likewise, good luck to all though. No hard feelings, just sharing opinions.

🏃👋

Just not so bullish that this rally has much underpinning it, that's all. Would only short once it starts to turn. Some of the posts on here sound a lot like the posts you get at the top of a euphoric rally.

"Bizarre to think the ever crept below 60p."

To be fair, this is riding a wave of speculation and very little else. The balance sheet is not pretty and the outlook for the company appears to be quite poor. They have a dwindling pile of cash and a lot of debt in a time when credit conditions are not exactly loose. Unless they can start flogging off assets in something of a fire sale, there's a real prospect of failure. So from another perspective, if no takeover offer is forthcoming, 60p might appear expensive.

From yesterday: "narrowing trading range of 65.68 to 60.72, which it breaks first is important."

It broke down just below that range at open. Would guess it's going to need some help to hold in the 60s today.

Currently it's in a narrowing trading range of 65.68 to 60.72, which it breaks first is important.