Member Info for KGinvest

In addition to M&G, looks like JP Morgan sold a big chunk of its stake in MCG so now we know why this was relentlessly falling last month.. these moves by big and reputed firms make you question your judgement

@JG: the more important bit is that they retain outperform rating.. anyways, these ratings are all a facade and analysts are always chasing the share price as you know..

Nothing's going on really - share prices which go down excessively without reason come back up so shouldn't surprise anyone.. i hope the day traders take their profits and leave this bb.. we have had our share of enough stupidity from some junkies so it is good to see them hiding today

Karlo - forget about bacon, looks like there wouldn't be any food on the table.. hope you didn't bet the house to short this

@ianfm - we wouldn't need to wait for year end; we will get confirmation either way in Oct trading update and hopefully by then the peak rates would be done with.. it is these two months which may cause further carnage but who knows what's around the corner.. it is just dull news everywhere but you get a semi-resolution to the Ukraine war, markets should shoot up in sentiment or rate cuts in China, the result would be the same

@JG: dont have faith in board but have some in yourself mate.. markets are absolutely not forward looking when in a negative sentiment environment.. if it were, it would have foreseen high inflationary environment and if it is now, it should be seeing a deterioration in demand bringing a recession soon and should get ready for rate cuts.. The US markets did and they have already gone up over 20% but we are lingering until that time comes when we start going up

I absolutely don't mind the drop back to 75s.. last remaining tranche coming into the account tomorrow so I can buy more, that will bring my average down to about 100 which I think would look like a steal 6 months down the line

You get rid of one junkie and another pops up.. i will be staying quite for a while until all this garbage go back to the gutter

"Those who dont question constantly usually end up worst"

Correct but more importantly, in this context, those who compare Boohoo with MCG don't even know what they are talking about.. what next, a comparison with CINE? there are companies with broken business models or over leveraged and can't pay even interest payments, MCG is not one of them unless of course the Board have been lying to us.. but hey, to each his own

Nuri - why in God's name did you buy last week if fundamentals weren't good.. you are just a momentum trader which I have no issues with but don't come here and talk about fundamentals being bad one day, good the another day and then becoming much worse within a span of few days.. be who you are, don't lie just because it makes you feel good about yourself

A insider buy at last.. hopefully this will prompt the others to join soon

Nuri: I do not mind people posting and having a critical view based on facts.. just because M&G sold some stake (which btw they increased from c3% at June-end to 8%) which most likely was due to net redemptions, why should that take off another c30% off the share price? using your logic, M&G increasing their stake from june-end till mid-Aug should have ripped up the SP but it didn't. This may very well fall further but it's purely due to panic and melancholic sentiment rather than anything on the ground

@Nuri: could be but your opinion count for nothing tbh.. you change your opinion more often than parents change their kids' nappies.. one day you are extremely bearish, then somehow convince yourself to buy this and the next day you sell for a loss, now you are saying this goes to 50s.. FFS, get yourself sorted.. I know this is your opinion but free speech wasn't meant to make people idiots which is what you are sounding like

@Ghost: don't know where you picked these up from but it is most likely the June-end ownership number.. some websites misleading put as of date as today's date.. none of the websites update ownership data on daily basis, at best it is monthly or in some cases it is quarterly.. the 3.6% number you are quoting was the June-end position..

*** NOT FOR DAY TRADERS ***

Many a times I have been in stocks with paper losses and have averaged down only to find it has gone down more - it increases stress levels and make you question your judgement. But what many fail to understand is that it changes your psychology as well - all you end up then hoping for is that it the share price returns back to your reduced average level so you can exit at a small loss/ miniscule profit and thank your heavens for saving your precious capital.. many a times I have done this.. this cycle becomes inevitable especially if you are looking at the price movements every few hours..

I am again seeing this played out here. Now, I am not going to spell it out for others what they should do - you would do what your gut tells you to or how the fear manipulates your psychology but I continue to see this as a golden opportunity to add more and continue adding more. I know I said the same at 110 or at 100 or at 90 - it was true then as it is true now. When you know the stock has a potential to have 100% upside in a year - 20-30% drops are nothing with a long term view.. So I am going to control my amygdala and not be fearful and continue adding more.. for the true investors out there, don't fret and conquer your fears. Remember the facts why you invested here - and if those facts haven't changed why should you change your opinion..

GL

Thanks lerkule for bringing some sense on this board..

clearly there are people here who dont even know the difference between EBIT and EBITDA.. i don't have a problem with that but those ppl should refrain from posting BS like this.. Yes, you are entitled to have your opinion BUT IT IS NOT your opinion you are giving when are twisting the facts and presenting it as truth

@moneymule, that's BS.. where did you get the numbers on depreciation and amortisation? out of thin air?

Does anyone know when did they got it this high..? all the websites I look at, M&G stake is shown as around 5%, no idea how they got it to 8.2% without doing an RNS..

In terms of IIs reducing stake, there is one main reason in this current environment, net redemptions.. people have been pulling money out of managed funds left right and centre.. Maybe somebody can actually do the analysis but I am willing to bet that most if not all dividend income funds have had net outflows in last 6 months and for a company like MCG (or VOD etc etc) this is bad news.. When chaps are gonna get similar level of income from a fixed deposit why would they keep money in a fund which is continuously facing capital depreciation..

this is not a MCG issue, it is a fundamental issue which always happen in a high interest rate environment but MCG has made it worse for themselves because of lack of leadership at every level of the company

Seriously, this board has been taken over by half wits like manz and QD who just keep repeating same things over and over without applying logic to anything.. no wonder so many PIs loose money in stocks.. you are bound to lose your underwear and rightly so if you cannot distinguish between problems facing MCG and Cineworld

" a rights issue will be announced in the next few weeks, especially if this keeps dropping the way it is"

Here in the sentence is all you need to know about this dimwit.. what does share price drop has to do with rights issue, you fool? rights issue is required if a company a) doesn't have cash available to carry on and can't get more debt (either too expensive or too indebted already) or b) needs extra cash to do a takeover and again would find it better than debt..

As people have already pointed out, the company is generating enough cash to carry on, pay off debt and return some cash back to shareholders in terms of dividends..

stop being a dimwit, use some common sense and if you got none of it, learn from others.. don't keep saying same things over and over again especially when they are factually incorrect and idiotic