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Well... as someone who went over 3% in another company once - I didn't hang around.. I contacted the company, got the notification forms sent - and completed in the same day. My point is that I thought (wrongly?) it was a legal requirement to report a change in threshold of more than 1% if over 3% or if going over/under 3%. I trust our large shareholders here take the same approach..
IfIonlyknew - stop saying the word "gamble" .. ALL shares are investments - the difference is that some are considered "safe" investments.. some "medium risk" investments and others are considered (especially on AIM) "higher risk" investments. I knew full well when trading Debenhams at sub 5p that it was very high risk - hence why I TRADED the share - making sure I did not keep a material amount investments for any long period due to the well known risks. You are apparently here for the "study case" of investors reactions - well since only 2-3 of the ex shareholders have been posting here - you are probably better off studying other shares that are high risk or have recently been suspended/delisted. Your interest in this one ex investment doesn't make sense - because as I keep saying - this was unique in the regards that SPD were considering a bid - those some felt it was worth the risk holding. In hindsight SPD never made a bid and the company delisted the shares - that's clear and I don't need to take lessons from the experience - I made the error of having all my eggs in one basket 20 years ago - thankfully it paid off - but I have not put more that a few % in any one share since - nor put in what I cannot afford to lose. Sorry but as far as gambling is concerned - I suggest shorting is far more risky - although the rewards can obviously be greater. Don't your agree?........
Euffingest the seller? Ok...... then were is the holding RNS showing the reduced holding?
LtdAxis, respect for confirming you have sold at this week - not many posters will say so...
Re borrowing money to buy back debt - if it's at a discount - I presume you end up with ... less debt? I need a good read of the accounts (too busy at work) but on first glance I personally wasn't too upset - there is a detailed update of the company assets listed one by one.. ok not much progress over the last year and more than a few set backs - but I recall how FG cleaned up a low of the balance sheet mess over 2017/18 and there may be significant windfalls to come.. not adding but not selling any either - will stay in my SIPP as still 4-5 years off early (I hope) retirement GLA
Well personally I am not sure what people expected - the results were a mixed bag of positives and negatives - as per usual - the is CLP we are talking about! CLP has ALWAYS been a long term investment and my only other comment for now is - have anyone sold? I ask because if some on here are as "positive" about their holdings as they are today (and other days) .. then I dread to think what they think of shares they do not hold !!
Stop twisting facts - I never said when I sold - I traded several times - once gaining more than 100% when it jumped from 2p to 4p.. another time I lost 30% - overall probably held my own - better than others - it's not a contest to see which poster is doing best - we are suppose to use LSE to gain knowledge and learn from one another - which you might do if you ever venture out from the DEB thread mate... btw I will stop posting when you stop posting - deal?
Loads of employees of Debenhams acquired shares at £1.95 when it relisted - many apparently added over the years - a number would still have had shares when it delisted ... they have lost a packet - I wouldn't call them gamblers would you? Just people who probably held on far too long and should have sold out ages ago. Yet the Directors who caused all this - are still there - and frankly it stinks imho..
Is it me .. but the results look fine?? I presume the drop is because the market expected even better or is there a section on outlook that isn't great? Thanks..
I thought that was the available facilities figure?
Fair point - and we all recall the odd period of suspension of listing over the years... let's try to be positive ... best attitude to have with your investments imho (although accept some answers are still required)..
Well full year results are due by this Friday (going by last year) so you should get some answers then!!
BTW I didn't realised I "scoffed".. lets be honest - it didn't look that likely back in Dec/January that the shares would be delisted.. I thought worse case D4E and massive dilution and/or a CVA.. I was wrong. Few could have predicted the snitch up of the lenders to get rid of Mike Ashley (by not considering his various offers) or the debt to double (!) in a matter of weeks (withdrawal of credit facilities being a factor)... in one way you are not yet right - the company continues to trade....
Upside - fair enough, although I would still argue you started posting late in the day when it was clear(ish) that the company was in big trouble.. indeed Sain@vision was also here from August (est) onwards mentioning a CVA would happen - I should have been more precise - I was talking about 3-5 new posters who are all obvious shorters - who all post within minutes of one another - and probably are all from the same hedge fund (this is an obvious assumption)... my point was simple -- it's easy to come on a thread when a company is in trouble and blag the "I am right/know it all" position.. it's harder to try to defend the bull position - in this case it wasn't worth defending in hindsight!! (occasionally it is).. so apologies about not being 100% accurate in my earlier post
Good news - maybe the first of several RNSs over the next few weeks? Hopefully a tick up in the share price later today...
Btw I am not posting twice on purpose. There appears to be a server error
Excellent point. None of them were here warning of the dangers until this year... I would have more respect for a poster would starts warning us of red flags long before anyone else can see them. We have to remember the Annual Report was on the going corcern (over twelve months) basis and the debt apparently doubled within weeks. Yes, of course shareholders had more than enough time to bail out and those who did not need to learn lessons but the BoD really should have ALL been replaced by the new owners otherwise the future of the company is going to be very short term
Excellent point. None of them were here warning of the dangers until this year... I would have more respect for a poster would starts warning us of red flags long before anyone else can see them. We have to remember the Annual Report was on the going corcern (over twelve months) basis and the debt apparently doubled within weeks. Yes, of course shareholders had more than enough time to bail out and those who did not need to learn lessons but the BoD really should have ALL been replaced by the new owners otherwise the future of the company is going to be very short term
Isn't it obvious? He keeps talking about other shares (I presume he is shorting as Saga is at a low - higher risk tool imho). So post on them ffs!!!
Two points 1) it was a general comment and 2) been so busy I did not read back re your post on your holding, sorry (although I don't the point of the "my holding is bigger than your holding" point scoring)... It just seems to be getting a bit personal (again) and take it from me from experience, it's not worth it. Bear it in mind...
I think it's obvious but needs reminding that views here (and across LSE) appear to change based on a posters' trading stance.. If one is buying/adding they tend to be quite positive but when the same poster is selling or wants in lower, they tend to be quite negative... and sorry, but it is SO obvious on this thread.....