Member Info for Kev7722

It's the massive ' over use' of single 'quotation' marks that I struggle with... Well, that and all the political ramblings - someone so heavily reliant on Google translate probably shouldn't have such rigid and extreme views on things like immigration policy.

What I really can't understand though is why they are here at all... they've repeatedly said that they hold no position on CBG and that their views (and postings here) are entirely influenced by holding a significant long position in Lloyds, which they have a very negative outlook on. Lloyds SP is pretty close to its post-Brexit peak, so there's really no reason to hold at all if you have a very negative outlook, and when factoring in dividends nobody who bought post-referendum is selling at anything like a loss.

All the above makes me think that the posts really have nothing to do with their own financial position in relation to CBG, LLOY, or the wider motor financing issue, and that there are other motivations for trolling these boards relentlessly.

Just for full disclosure I have a long position in CBG to the tune of around 18k shares that I've built since the 'scandal' (correct use of single quotations there) hit. My average is c. 225p so I'm slightly in the green at present, but I have a very positive long-term outlook, and am hoping to build a significant enough position that in 3-5 years time I'm making a reasonable amount of passive income through dividends alone.

That's because at least some of the bad news is already priced into the market cap / share price. CBG has a very strong balance sheet relative to the size of the business, and they are actively taking steps to strengthen it further in light of the legal issues, so they're very well positioned for bad news...

Chid - the more I read your posts the more confusing I find them...

Appreciate that this board is CBG, but you keep claiming to be really deep in Lloyds, and you also claim to have a really negative outlook on them. Absolute worst case scenario you'll currently be down about 10% if you've held LLOY for as long as 5 years, and that loss is more than offset by dividend income, so why not just sell and move on if you're so convinced they are done for?

You are similarly pessimistic on CBG, with nothing really of any significant value to add to the conversation... Unless you are shorting CBG (in which case I think you're in trouble in all honesty) or heavily underwater here then I'm not sure what the point it? I am glad though that you aren't using this forum as an outlet for the same xenophobic ramblings that you seem to be using LLOY for...

How far under are you here Chid? I have to say that you're being massively over-pessimistic in my opinion, especially in respect of Close, where unlike Barclays pretty much the worst case scenario is both priced in and largely provided for on the b/s

It's not just a quadrupling of investment here though is it? If the case is thrown out then there's every reason to assume normal service resumes re. dividends... if you bought in recently you're probably then looking at a 30% p/a stable income going forwards

See now you're asking a completely different question...

Yes - in determining the market cap of a company you have to look at both the share price and the number of shares in issue... in focussing only on the share price you're missing half of the equation

If we were all on the Titanic Toli would be the one stood on the deck knees deep in water yelling, 'Ignore the de-rampers'

I'm far less confident on point 5 - Lloyds has been undervalued vs the fundamentals for years IMO, largely due to the macroeconomic environment... I don't expect that trend to stop anytime soon.

That's not to say I'm not bullish on Lloyds as a long-term recovery play - I have another 20+ years to retirement, I've got time

The spread probably makes it look worse than it is... it’s just a LTH for now really - top up when it drops to about 1.5p

And anyone who does of Covid 29+ days after being tested positive, or without taking a test isn’t counted - swings and roundabouts.

Isn’t this forum to discuss the Lloyds SP, not whether or not you think Covid is a conspiracy?!

I won't be topping up at this level, purely because I'm fully expecting the SP to fall below 1.5p before any major news on Cali lights the fuse...

Am I the only person wondering how much of a delay GRIT needs in order to publish a set of accounts?!

The 810k buy was mine, will be adding more in a couple of tranches today/Monday... couldn’t see any real justification for the last drop!

Very much disagree with those saying buy and hold, especially today. As I (and others following WEB long term) have been saying for years, this is absolutely a share to trade in spikes - sell today, buy back at c 1.4p, rinse, repeat... keep your eyes on the big prize; the California vote is probably 2 years away still.

Easy (but very welcome) 2.5k profit banked for me today here... an extra 170k shares when I’m back in next - patience is a virtue, this is my retirement share

It’s a reasonable question to be fair... in the case of a share split the historic graphs are rebased to account for the additional shares in circulation, which makes sense because the percentage of the company that you own isn’t affected.

With placings though the percentage of the company that you own is diluted accordingly (uncles you buy more shares)... therefore the historic price doesn’t need to be rebased because that’s still the historic cost price of the shares you purchased.

If you’re buying in now then it does help to be aware of historic placings, because the historic share price will be pretty much meaningless if the have occurred. In other words, don’t look at the 5 year chart here... it was never worth billions and you’ll almost certainly never get £50 a share in the future

Webis is pretty much an object lesson in how to trade volatile shares... buy sub 1.4 and youre pretty much guaranteed you can sell 1.6-1.8p+ within a couple of months... rinse, repeat

Well I timed that better than usual - out around 7.4p and I’ll buy back late afternoon, probably closer to 6p than 7p... I wouldn’t advise being out of this when the market closes though, just incase

I'm certainly not a fan of anyone on these boards openly celebrating when a share crashes, because these boards are primarily used by holders who will likely be nursing losses and so it seems in pretty poor taste to me.

That said, re. the comment about the impact this will have on family and loved ones... if any investor is over-exposed in a high risk stock (and yes, given the current backdrop I've considered CINE to be a high-risk recovery play for months now) to the point that it's going to materially impact their family then they are basically just gambling and they really ought to take a long hard look at themselves.

If you're going to feel sorry for family/loved ones, feel sorry for the staff of Cineworld who are presumably now wondering if they will still have a job in a few weeks' time

I’m not usually a fan of shorting, but anyone who thinks this won’t drop below 20p today is being incredibly optimistic I’m afraid...