Member Info for LWHL

I agree it probably will - if they clear up the issues regarding funding.

Prior to then, any buyers right now are simply taking a speculative punt, IMO.

Hence still no bounce.

Also remember that September is usually a bad month for the indices; a 5-10% market correction in itself would not signify a black swan event.

It could even be a positive thing, as the markets are technically overbought right now.

As I always suggest, keep plenty of dry powder to hand, although in fairness, that is a sensible policy in all markets IMO.

Make that 29% up on the VIX now...

Stop losses, badjob. Particularly those trading on margin. Some of whom will have tight stops in place, for obvious reasons.

Not to mention some PI's holding 'traditional' shares, who might have taken fright, having reached maximum pain threshold, and bailed.

Especially those who have seen paper profits shrink since the five quid times. More or less break even territory for those holders who bought around this price in April. Albeit with dividends of course.

Apparently four months is the average hold period for retail investors these days. So that kind of fits the narrative here as well :)

Anyway, those sellers might prove to have been wise, or might not. Time will tell.

FWIW, and (as usual) against my better judgement, I took another few hundred shares today. But, sticking with my plan, and subject to the obvious caveats, I am ready to take that bigger slurp I previously alluded to, should those 350's hit. GLA.

It could be a good price if the VIX retraces soon (currently 18.50, up 19% on the day, at the time of print).

Going to wait for 114p ish, to add back some that I sold. If it does not go that low, then all well and good.

Agree with the poster about the risk our new quasi communist, central planners might have on....well all of the private sector really, but control what you can control etc.

Either way, the next update is what will ultimately matter here, and soon enough. GLA.

Actually, I see the same head and shoulders pattern on the 'daily' chart on IG as well. But I could be seeing things of course :)

Have not plotted it precisely but will do so when I get a chance. See if it plays out. GLA.

I was referring to the view of a non-live chart that goes from one day through to 15 plus years for X stock. Yahoo finance is one, but I also saw the same pattern on another platform too. Albeit did not check the 'proper' ones in my actual broker accounts on this occasion.

Anyway, I will happily defer to you on this, as my charting skills remain very much a work in progress!

We do seem to agree though on the long term chart (which is ugly!) and the opinion that this is revisiting the 4's.

I would say though, that with such a small free float, this one has, historically, moved rapidly at various points. In both directions of course. And not always as you would expect either.

Long term, I remain bullish (without dismissing the local risks and Peso, etc) but short term certainly see an opportunity to buy lower.

IMO, this one will have one of its shining explosions again at some point, but not yet.

Fair play. Notwithstanding the (always present) geopolitical risk here, I think the SP will return to a much higher level, sooner or later. In the meantime, hopefully an increased dividend to better reward patience to that end. GLA.

Not declaring a dividend was sensible custodianship.

Not outlining precise future funding/loan terms, as mentioned before, was IMO quite the opposite.

And is probably why this one has still not had a bounce yet.

Well, it looks like a head and shoulders on the three-monthly chart to me (what do you think, Stupmy?) on top of a confirmed break below the 200 DMA more recently.

We need to close above that 547p ish price soon and hold it, IMO, or the probabilities are to the downside and back to the 4's.

Obviously not all chart patterns play out, and I am open to being corrected if any decent technicians on here think I am mistaken.

Not been on my radar for a while (just the LTH pot currently) so have only just looked in and seen it now.

But, subject to the obvious caveats, I would likely take a few more, perhaps another trade pot too, if we were to revisit the low 400's.

But equally, if Mary is buying at these prices, I would not rule out her being right! GLA.

A sale of Songwe, or a JV that ensures us a free carry on that asset.

For the (equally, or perhaps even more interesting) business assets, a sign that we are close to earning revenues that consign future fund raises to the past.

Then IMO the market will start to value us accordingly, which should ensure the type of re-rate that many of us feel is justified and which led us here in the first place. In answer to your question.

Probably explains the retrace.

Personally will add back some of those I sold if we see 60p ish again, and then another slug if 57p ish returns.

Which was my original expectation before we blasted off to 70p. An incorrect short term projection that was most welcome, for a nice change :)

Pathetic nanny state interference will not, IMO, stop outfits like this one from achieving good enough performance to reward shareholders.

Your link about the stake levels was already priced in I think, being an established uniparty policy, so not an 'unknown' banana skin.

I am pondering whether, for fun, I should draw up a list of policies that are indistinguishable from the last government. Off the top of my head, it is already close to double digits....

Interesting that you chose to sell VANQ and move into WJG.

I can see your point of view here, to an extent, and am currently out of this one myself (although very much on my watch list still)...but the last paragraph of that recent WJG RNS, means WJG is not one I am personally looking to take a trade in right now.

Because how can you price something like that in?

And how is that less of a risk, in terms of government meddling potential, than this one is?

I cannot see the thinking behind your decision. Not a criticism, just genuinely interested and would welcome your rationale.

And I am looking forward to some more of these shares being gobbled up.

Cannot get a read on the chart at the moment, or not a clear one anyway; IMO it feels like we are going to see 360p soon at the very least, but IMO 350's will become a new buy zone here.

Well, it will for me anyway, if it comes to pass.

My buy order missed by less than 1p last week, so it was bound to move up. You are all most welcome :)

Yeah. Looks to me like they want to rinse whatever is left, rather than hand out the few remaining buttons to investors, before closing up shop for good.

Inconceivable that Iain will be able to secure something that delivers shareholder value now, versus presumably significant efforts to do so, prior to suspension.

Simply gives the impression of someone who is looking to claw back as much of the lost money from his own historic share purchases here as possible, from whatever cash is left in the business.

But I could be wrong and would be delighted, were this to prove otherwise.

Anyway, I hope you all have managed to regain your losses here and wish you all the best for the future.

I do not think the number of that particular cohort to which you refer will be that significant, but more generally, I think the number of benefit/taxpayer funded tenants in BTL properties has been rising.

And will likely continue to do so, for obvious reasons. Especially in certain parts of the UK.

This is why OSB could (and hopefully will) prove a wise investment in the next few years.

While the number of 'mum and dad' landlords with one or two properties as part of their pension plans will probably continue to diminish (as they have already been), larger entities will step in.

And I also would not discount some of the smaller players probably start buying/buy more, when interest rates come down. A younger cohort perhaps, and not necessarily just those who are inheriting their parents property portfolios.

That might be around the time when a bigger bank takes us out. Hopefully at a decent premium to the price today. And that could therefore be fairly soon, who knows? - although IMO no chance before the Autumn Budget.

Anyway, it's always enjoyable to speculate while we wait to see what actually happens :) GLA.

One of the consequences of destroying the purchasing power of your (fiat) currency. To a point, and like other commodities like gold, they provide some degree of protection against this value destruction.

Hence why I do not see the BTL market disappearing. And a fairly crucial part of my own long thesis here.

Agree. And the trend remains intact, so I have no concerns.

The three month chart looks good and the pull back, at the time of print, is nothing but healthy. Fingers crossed etc. GLA.

I will be watching to see if we make another attack on that year high before results.

If we do and it gets rejected, I might take a view on exiting my position before my original target price.

That said, I am happy to hold if we remain in this range and might even add a few if we retest the 50 DMA prior to then.

I still think this is a 150p stock fairly comfortably at the time of print, but obviously the next update might lead to a rethink on that premise. Up or down. GLA.