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IMO it has been vulnerable to a takeover for a long time - certainly as we all know, they rejected a bid at multiples of the SP today last year was it?
So not sure if they are going to accept less than that number if it comes now.
Maybe they would at least show some respect to shareholders this time, and not keep an offer/offers quiet until a long time after the fact.
Surely not another broken promise/market misleading statement? Lol.
How late do they print RNS's, HarChris? Is it 6pm? Need to head out shortly, but will have a look later.
Quite the teasers, are they not? Building the tension like a skilled maestro....
Fair enough. Will keep it on my watch list and will have a look at New River too. Not familiar with them.
IMO the bonds here might offer a reasonable risk to reward, but corporate bonds generally are something that I might look at more seriously if we get a credit event. I know some people who did extremely well from buying these in some big names back in the GFC dark days.
80p would do me, Mary :)
This is just a trading stock for me right now. I do think it is worth a good deal more than the current price, but time will tell. Most of all, they need to find a way to crush those egregious claims.
Another example of a business where political interference results in worse outcomes all round, not least for the customer. No doubt good for the world of organised crime though.
Lord R-M saw what was going to happen (not here, more generally). A lot of things that he wrote about back in the 90's have since come to pass. Hey ho.
On the assumption that pensions are honoured in full within the next 15-20 years of course, or that the retirement age itself does not rise higher and higher, at an advanced speed.
The latter scenario is IMO pretty likely. Not that I would put it past them to essentially steal our ISA's in one way or another either. The inflation tax is not going to be enough to this end, IMO.
There is a reason why they make SIPPs so attractive. Cannot help but feel they are like a venus fly trap, the ultimate ponzi scheme....but as long as you are not entirely dependent on a theoretical and full pension pay out in X number of years, then there is not much else you can do. And if it is not too good to be true, then you are laughing all the way to the bank.
....seem pretty generous. Got to love those remuneration committees :)
Hopefully the BOD will earn those shares.
I have a low average here, but anyone who is sitting on a quid or higher average presumably might feel a little miffed about this.
Anyway, does not change my plans here, but if anyone knows the criteria for these, it would be interesting. No strike price that I can see.
Interesting. I have recently started looking at REIT's myself, for the first time in a while. Ideally ones to essentially bottom draw, along with a couple of other high dividend yielding names (like PMI, since we are sharing names) - that will hopefully not require as much focus as many individual stocks often do.
And as long as they keep on kicking out big yields, that will serve the purpose for me with that bunch.
Did not fancy LABS, but took a small starting position in CLS. EBOX is one I am still pondering, although might have missed the boat on that one; prefer it in the low 50's TBH, but not worried if it does not come to pass.
Can only focus on so many options at one time :)
Meanwhile, I hope you shareholders here get some good news soon. I remain pessimistic about it, but I am often wrong, so this might be another one to add to that list. GLA.
I completely agree. Another poor, jam tomorrow update IMO. The timing of that potential bid has been extremely fortuitous.
I am jealous :) lol.
Not tempted to rejoin anywhere near this SP level, but having missed the boat in the most recent event, it probably means you have another leg up any second now :) GLA.
Mixed bag. Good update on the pension burden though. CEO grossly overpaid for performance to date nevertheless, IMO.
Targets for buying and selling remain unchanged for me here. Not sure how the market will take the update, but nothing to scare the horses either, IMO. GLA.
Normally I would agree that enough time has passed and we now need to seek changes.
IMO this is a special situation though, so I agree with stokey about sitting tight.
Does not mean I am a happy shareholder - I share the frustrations of many of you and the many valid points and examples some of you have posted here over recent weeks (and indeed months).
Yep. Pretty much unavoidable IMO, over any length of time picking individual stocks. Well, certainly when seeking above average gains.
We are indeed bid city right now. Stupid politicians have left us vulnerable in so many ways over the past few decades, and this is just one of many examples of where the chickens are now coming home to roost.
Still, we can only play the cards as they fall and at least this M&A activity is looking like it is going to keep things interesting during a period where markets often drift down as the big boys 'sell in May'.
I wonder if this rise was based on the WG news? T/O prospect here too, potentially, IMO.
Similar historical issues but something underlying that might be 'value accretive' in the right hands etc.
I am planning on potentially jumping back in with a 270's revisit if it comes to pass...but am sorely tempted to return a few to the pot, based simply on your midas touch Mary :)
Very true Mary. Glad to still have a few left in the pot, for hopefully a stronger SP down the line.
Stop losses got taken out over at FSJ at some point today I found out...so you might get another bid offer in that one like you did at WG soon :)
FSJ was only ever a planned trade for me, so nothing left in that pot right now.
Well done on your WG news. And good luck with PFC, whenever it updates the market. Rooting for you.
Given their track record of fiscal management, some might consider their aims to be somewhat ambitious.
Others might simply assume that they think they can line their own pockets more effectively by bringing more services into public control. The real driver for this stated ambition.
Naturally I have no opinion myself in either direction on what their motivations may actually be.
My opinion of those who keep voting for the same political gangs, over and over again....is probably best left unsaid :)
I presume RR is a case of a new management team coming in and turning the failing ship around. One of those dream scenarios we all look to catch.
The management here is IMO weak. My bet is that either they will improve, or changes will take place and the new management will fix things. Asset sales could make a real difference of course. Might work out well (the recent political stuff) in relation to our unattractive UK operations.
Or (and my preference) a takeover, which would negate the need to replace the management team, which should happen, if the next update is poor. Less risk, but also less potential reward if we do see an RR type turnaround. IMO I do not see the current management achieving that level of improvement, but hey, let's see.
Yeah, I had some nice Covid-induced hits myself. Especially AIM stocks, including a 10 bagger and several multi-baggers.
A lot of liquidity pumped into the system back then, which helped massively. Pretty much all of those AIM ones are now either bust, or as good as. Naked swimmers as the tide comes in.
At least with the likes of BP, even though governments are going to keep trying to kill the golden geese, you know in all probability they are probably ones that you can stick in the bottom draw if you want.
I have kind of done that myself, with CVX, even though the oil chart looks so much like it is going to soil the bed soon. I have decided not to risk selling and trying to time the market with that one. Will accept the likely paper hit and buy more around year lows, if it goes back there, should the technicals play out.
JG: All the more reason IMO to have a core holding in ones you have a long term horizon for, and side trade it. I bet you most RR holders are not ones who bought at or near the bottom, and still holding a full allocation at the time of print.
But anyway, like I said, you just have to find a path that works for you. And try to reflect on successes and failures as objectively as you can (easier said than done sometimes).
Even the best make mistakes.
Warren Buffet recently confirmed he sold out fully from PARA. I anticipated this news as soon as I heard he had reduced his position in their last filing, some months ago.
They might end up missing out on a takeover bump. He has certainly made a few other calls that proved wrong fairly quickly. Something for us humble PI's to remember as we pit ourselves against the City and Wall Street :) Good evening all.
Paddyboy1: For every example of a RR, there are many, many others, where profits would have vanished with a buy and hold approach over the same period.
But I am sure there are some RR holders who are sitting on a nice core holding/free carry right now, who also de-risked along the way. Probably a good many who are finally in profit or B/E as long suffering HODL'ers from 2013.
But yeah, easy to say. Less easy to do, or we would all be sitting at the top table of Davos :)
Absolutely, Pokerchips. I know that I myself sometimes come across as quite bearish on these chat boards, but when I am long, I am always trying to find potential threats or weaknesses to the bull case.
Madness not to when you have cold hard cash on the line, IMO.
Notwithstanding occasional white knight efforts on others that I have turned extremely bearish on, for one reason or another. Especially some of the micro caps from time to time.
Anyway, JG - it is worth doing some research into technical trading. Start with the very basics. Heaps of material on youtube and elsewhere.
Cannot remember which source I first started with, but I finally opened my mind to it (after initially thinking it was all BS) after seeing another poster repeatedly calling accurate SP targets over and over again on one particular stock.
Be warned though: there is an unreal amount of technical indicators and theories out there. My advice would be to keep it very simple and build your knowledge at a pace that works for you.
Then, do some fantasy trading using technical indicators alone. Any stock you want. See how you go. That is what I did to begin with (well, I used real money from the start, but stuck with stocks that I was already familiar with).
Not entirely sure it works as effectively with micro caps as large caps, although that could just be me not being very good at it yet :)
Oh, and it is never 100% certain either, it is a game of probabilities. So never go all in based on TA.
Based on what you have shared with us over some time here, if I was in your position, I would take your recent purchase off the table if/when mid 60's hit. Nice profit on that tranche, reduced risk and you might get the chance to repeat the trick down the line too. If the SP does not retrace, then you might have sacrificed some profit for less downside risk. The way it is.
But only an idea, as you know, your money your choice etc.
Totally agree, Hindy. Too many successful technical traders out there for it to be false, IMO.
Although I do not entirely rely on TA myself. For a start, still far too much of a greenhorn with it.
My performance since starting to use it in deliberations though has improved considerably, compared to before, where I just did the research, focused on fundamentals etc, bought and held.
But as I always say, it is about finding a method that works best for you.
And not being afraid to admit when you are wrong, or even worse, failing to try and keep on learning new things to make you a better trader or investor.
As an aside, and not this particular one, I have no idea why some on these anon chat boards always try to make out like they bought at the bottom and sold at the top....a long time after the event. Like anyone cares, lol :)
Agree. The chart looks lovely right now too. Regret my side pot sale at the time of print, lol.
This is one that I am glad to have a core holding in though, for similar reasons to you probably.
Subject to the obvious caveats etc.
Hopefully it will at least stop the scam against us.
I was ready for (and starting to expect) a further drop to retest the lows, so whatever the reason, a pleasant surprise to see this one on the move a bit on Friday afternoon.
I had hoped that we would have seen mid-50's again before now. Fingers crossed it happens next week.
Good weekend all.