Member Info for LV1991

I trade some shares Eyeore and hold others as longer term investment, TXP is a mixture of both, sold 50% of my holding a few weeks back and started buying back in at 58p the other day. Don't expect instant re-rate here but also think that the share price should not go down much more, amused though when you get a bounce in a company that is going through potentially existential problems but no bounce here

I was alluding to the fact that TXP is now down 37% in two months but you are more likely to get a bounce on a dog like Metro in the middle of all it's problems than on TXP

TXP share price down again this morning, Metro Bank up 6%! TXP is fast becoming the dog share of 2023

Wow, it's 57.7p party time, I am back in with first purchase again, 17% reduction since the gas flow was confirmed, didn't think it would happen so quickly

I'm holding out for the 58p party Dartron, think it might be 58p party time next week lol

Hi Neil, agree the market and current sp means a equity raise is not possible, asset loan from existing shareholder or a low ball offer is possible. This is now a high risk share, but may double or treble or may end unhappy for shareholders. Risk and Reward.

Hi Bobber, trades listed as buys could actually be sells, and trades listed as sells could actually be buys! You can't rely on the listing of the trade being a buy or a sell, you can only be assured that the volume of shares and the value are correct. So if the share price is going down it is because there is more demand to sell than buy.

Some bizarre movements on the sp today given the RNS was more positive than negative, have doubled down at 2.2p as think this will be back up at 4p within a week or two

Hi Bobber, the allocation between whether it is a buy or a sell is not accurate, on the total volume and value can be relied upon. If the share price is going down it is because the sells are more than the buys. With very small market caps and very illiquid companies there might be some manipulation, but with a company of this size there are more sells than buys

How do you mean they pulled a rabbit Denby? Am I right in saying no Director share buys in over a year and CEO hasn't bought any in just under a year? They aren't in a closed period at the minute are they?

Yes Denby, because the buy and sell data is never accurate, the price is down because there is more volume being sold than bought, probably in part due to the large and growing short position. Looks like 50p or less by the end of this week

No Tom that is incorrect, he has just under 4.8m shares and sold 6.8% of his total holding - 6.8% is not peanuts

I think you are ignoring the direction of travel Ayecuramba, rather than looking at it, the direction of travel is down 5% in the last hour and heading towards 58p with the Chairman selling just under 7% of his holding after the investor presentation! I

Looks like they will have to re-shape the business to fit demand as well as do the cash raise

Hi ID, the actual expectation of the news is/was baked into the SP, the impact on profits and cash flow is/was not baked in, hence the lag as I expected. What I don't know is how long the lag will be or where the re-rate will take the SP, but my feeling is late this year or next year.

No, Indi, it is definitely good news, but sadly as it had been expected and built in by the market, yet again it does not move the needle Northwards, it will move eventually but it may take till next year, or it may spike again like it did to 94p, but I took the view that good news would yet again not mean a big advance whereas bad news would have knocked the share price by 10-20%

Hi Dartron, yes I am like you, trying to establish a base without going overboard in case there is some adverse news but not wanting to miss out on some historical lows which will have a big effect on the overall output in 2-3 years. You might want to have a look at my other post today and cast your eye over it, a growth stock with cash in the bank and hovering around break even. Have done well with it in the early days and just gone back in again today on a dip

Well don't get too excited by Shore Capital's 140p, all their estimates for TXP have been out by hundreds of % over the last two years lol

Doom and Gloom, or in tune with the market, you decide!

Well looks like after the "good" news we will be back in the 60's by the end of the week, or even sooner?!