Member Info for LWHL

Ultimately, this is the time for some inside buying. Nothing underpins positive words better than some chunky BOD purchases, as far as I am concerned.

Still long FWIW, but only adding if those in the know do so first. Well, to a point anyway of course. If I see a potential trade to add to those others, I will take a view. GLA.

I will be paying attention to the wording in tomorrow's interim results RNS, as much as the material information.

Because that might be quite informative in itself.

I also expect to see some more inside buying as well. I am still backing the CEO here and have commented previously on his sizeable purchases before now. But I want to see some inside hands back in pockets again, before following suit.

Until tomorrow, ladies and gents! GLA.

They could have issued a rebuttal that government backed financial support was not, nor ever would be, on the table, IMO.

But I agree it is obvious that we were entirely misled by the BOD on matters of finance. Which became ever more obvious as time ticked by with no finance deal. I initially thought that IM was a sideshow and a nice to have, rather than an essential thing.

Looks like it might have been the one thing that could have kept the lights on, but perhaps we will never know.

And that strike threat over pay looks somewhat foolish now too, although neither the government, nor the BOD, can be blamed for that union activity. Hey ho. This is our country today. Continuing to fiddle while the flames grow bigger.

To be clear, and in light of the current sensitive political landscape, this comment is not an incitement to anything, in any direction.

Sure - I saw the wood from the trees too, albeit later than I should have (and serves me right for thinking that the geopolitics would offset the many negatives, which I was broadly aware of from the get-go - hence serving me right).

Like I also said: typical AIM. And no doubt, no consequences for those responsible for this disaster either.

I once said on one of these chat boards something along the lines of politicians and AIM directors being natural bed fellows, or as trustworthy as one another. There being the very odd exception no doubt.

Anyway, the point I was making was that the previous lot could have signed this off, if they were ever going to.

You might never find a positive comment from me about the red mob, but the blame for this cannot reasonably be laid at their door. Saving shareholders in this situation would have been peak moral hazard, among many other things.

There will be plenty that can/will be in the years ahead (and IMO even already is, in this very short time), but I am not letting the blue blob off the hook!

Anyway, GLA and hope we all make good our losses here. About the best that can probably be hoped for, although good luck to anyone who might try and explore restitution options here.

Porky: Notwithstanding BOD failures of which there are/were many, and seemingly quite a lot of misleading information along the way (typical AIM), I do not see how you can blame the current lot for this.

But given the increasing attack on free speech and civil liberties more generally right now, I will not use the phrase uniparty.

Exactly my thoughts too. Calm before the storm perhaps, but that does not mean we will not have a few more trading spikes before the next event. VIX will go back to sub 18 before then though IMO.

Watching quite a few at the moment, but avoiding any impulsive buys...for the moment, lol. GLA.

Yeah. I think that is a logical conclusion to draw.

I was away when the MDA landed. In a different market, IMO that would have seen us double, or even triple, in price and in pretty short order as well. Certainly in the cheap credit period.

But the markets seem uneasy now. Concerns about how it will be funded. What that will actually look like, as far as current shareholders are concerned etc.

FWIW, my preference remains, as before, an outright sale. For the same reasons as I gave before, many months ago now.

But equally, I am going to sit tight and see how this plays out. The entire business is now clearly more valuable post-MDA than it was with those question marks hanging over it.

That in itself offers us no guarantees of course but you pays your money and takes your choice etc. GLA.

IMO the silver chart looks like it wants to retest the 26 USD level and with a further market retrace, I could easily see 25 USD again before long.

Maybe even 24 USD. Due to the industrial aspect of the metal (growing recession concerns/confirmation etc).

To be clear, I remain (rightly or wrongly) bullish on gold and silver over the medium/long term, but I see short term headwinds for the PM miners and thus their share prices.

So am not currently buying these or other PMs right now.

Not selling what I already have either, because I am fairly comfortable with the (pretty big) allocation I hold, do not need the cash that is tied up in these stocks, have plenty of dry powder at the ready....and ultimately could be entirely wrong, lol :)

I could see 4's again here, certainly. And subject to the obvious caveats, would/will likely add at that point personally. GLA.

Have to agree with you again. You could argue that this has been the case since the first round of QE back around the GFC.

The markets should have been left alone IMO, but we are where we are.

And now, like the proverbial druggie, we are hooked on cheap credit/stimulus and state intervention, and suffering increasing levels of withdrawal.

I simply cannot see how all the expanding global debt (and the increasing cost of simply servicing it) cannot lead to a messy end. But when is the quadrillion question we would all like to know of course!

Anyway, enough of a de-rail from me now I think, although pleasant to communicate with you Gingy. GLA.

Oh, 100% agree with you mate, but time will tell.

Markets just feel like they are in a calm before a storm at the time of print IMO.

Watching the VIX with some interest, to see if it will revisit the recent high in the coming weeks (then will it break higher, or form a double top?) - or a panic over scenario, when it drops below 20 again.

Always a bit of a challenge to try and push back against one's own natural bias on this stuff, I find.

Still far too frothy, IMO Gingy. But this seems to be one of the fairly rare examples of a UK company that is not seeing price discovery to the downside, let alone an overshoot, as often happens at the same time.

I guess you have enough loyal/sticky shareholders. And that is fair enough too. Happy for holders, even if I am somewhat puzzled. GLA.

How was this not down significantly on that update?!

Update was not a surprise to me at all, based on all the macro stuff that I banged on about the last few times I posted here...but unlike most, this one does not seem to get punished for such dreadful changes to fundamentals, lol.

Well done to those who took bigger profits here than I did in the past - and who knows? Maybe those of you still here are going to enjoy a further run up in the price, entirely against all logic IMO.

Longer term, can still see the bullish thesis. That remains the same as before for me, but the market really does not tend to be that far forward looking. Hey ho.

Still on my radar, but could well be one of those that remains out of reach for me now. GLA.

Yeah, I think so too. Chart looks great IMO. Fingers crossed naturally etc.

Only have my investment ones left myself now too.

Can see the temptation to sell the rest, and with you on the macro risks, but I am sticking with my original target, in spite of this.

Might be a different story if I did not have a decent amount of dry powder on the side though in truth. GLA.

That is a question that I have been pondering myself. No idea!

Hopefully we will see something similar to Yougov today (without the acquisition element). And some inside buying too.

Regardless, IMO if you have/retain faith in the management team, then it might be one to bottom draw as a downside scenario, but hopefully of course, the scenario will be more positive than that.

Naturally, if you do not have faith in the management team delivering on the turnaround strategy at some point, then you should probably sell before then anyway. I am currently in the former camp, but time will tell.

The joker card is also the possibility of another takeover approach (I am neutral on the odds of this happening) and it does not form part of my long thesis here. Not that I would not be most pleased to see an RNS to that effect :) GLA.

Well, historically markets rise briefly on such actions...then tend to drop.

So I am not banking on it being different this time. That said, if we see another round of heavy QE at the same time, then we could see another equity bubble. Have to wait and see on that.

As for Mobico, it is watch list territory still for me, but I really do not rate the BOD (especially the CEO) in that one, so it remains low down said list right now. Plenty of trade prospects with IMO better led outfits, which is why it is not top of my list.

And to be clear, what we are currently seeing in the wider markets might still only be a correction, rather than a black swan event commencing. I remain as bearish on the macro stuff as I have been for quite a while now - but it is too early to say which it is right now. So I remain active in spite of my sentiments. This could be yet another buy the dip moment. For the sake of balance.

If you accept the narrative that the markets are always right...then yes :)

Naturally the reverse also applies.

Upon reflection, after that last update, a SP correction to the downside was IMO entirely justified. This is getting further hammered on market wide sentiment now too.

However, if the BOD delivers the turnaround, then (again IMO) we are going to be materially higher than now.

The reality also is that we can easily see a good deal lower than 49p before that turnaround is (hopefully) achieved. I think so anyway. Anyway, time to switch off and get some fresh air I think. GLA.

Not positive as such, more a case of having been here before. Many, many times.

So not letting the emotion of eg the VIX chart right now, or the various geopolitical or other economic indicators, lead to an impulsive decision on whether to buy or sell (instinct: buy more, FWIW).

I think markets are going lower, so not a buyer here or elsewhere right now. But that will change at some point.

And none of which is capital I need access to now, or anytime soon, if push comes to shove.

And I might be wrong and this be the absolute bottom. Highly doubt it, but time, as always, will tell. GLA.

I agree. The SP is only back to where I let most of my trading ones go with a trailing stop. Couple of weeks ago, or whenever it was. Left 7p or so on the table back then, so far too premature, but was about to go on holiday, so did not want to leave too many trading positions open, because I had plans that did not involve looking at a computer :) Investment ones remain untouched.

Anyway, if we revisit a quid on no company-specific news, I am going to pick them back up.

VIX making strong gains though, so be careful out there, is my advice. Bargains will be available soon though, IMO, so dry powder at the ready! GLA.

And find the action has started to properly heat up while you were away!

VIX (finally) getting a bit juicy now. Tempted to add to a few stocks, even this one, although sitting tight for now until we see inside buying, presumably after the next update.

Markets are nevertheless oversold from a technical basis (I think I am right to say), so keeping a close watch on a few names today. Plenty of dry powder, which I think will be needed.

And important to remember that we are still only in correction territory (which is healthy in itself) right now too. Market wide, not necessarily applicable to particular individual stocks. GLA.