Member Info for LWHL

That presumably the inside selling is now complete. I really dislike these generous free shares handouts that take place across the stock market.

At least in this case, the BOD (at the time of print) seem to be earning their corn. Unlike so many failing outfits, where the BOD still stuff their faces with freebie options. Which is basically theft, as far as I am concerned. And holders have to watch their own position being diluted in the process. Hey ho. GLA and hopefully a return to the upper end of the current trading range this week.

FG: No doubt, someone will be along shortly to accuse you of being a Putin fan, but this is clearly another foolish policy decision that will have huge ramifications for the West.

Funnily enough, I was speaking with someone about this very thing happening, when the war was only a few months in.

They told me it would never happen; that the assets were being held in escrow accounts and that was as far as it would go.

It was an interesting conversation with someone that was very knowledgeable on the topic, shall we say. An extremely bright and successful individual. I wonder what they make of this now?

Anyway, the cards will fall as they will, but anyone who does not see the stupidity and long-term ramifications of this decision, whether they have strong loyalties to one side or the other, or are neutral, really should not be allowed to run a bath, let alone hold any greater power in any walk of life.

I continue to watch this one with interest and best wishes for shareholders.

I would like to see more inside buys, and preferably a really big one from the CEO, to follow this one shortly.

The least they can do. Getting tempted to take another side pot trade here, as it is approaching the level that I alluded would tempt me whenever I last posted here....but there are a number of stocks in the same boat frankly, so it is not an easy call. I want to keep back plenty of dry powder, in case this is the start of a market correction that has been on the cards for a while. Will post if I do naturally. GLA.

I am sure we have all been here before over the years. Late 2022 buying a variety of stocks proved to be wise - although at the time it felt like we were at the start of something far more significant and nowhere near the bottom.

At least it did to me anyway :)

There remain a number of potential threats to the equity markets and (not for the first time) I am expecting more downside than upside in the coming months at least. Which will hit the good companies as well as the bad ones.

But IMO trying to time this stuff is a good way to miss lots of market upside, so (again, only IMO) keep plenty of dry powder, try and manage position sizes sensibly, take some profits/slice here and there, and keep buying when you think it is sensible to do so.

Which may not always 'feel' right. Hence my comment about my winter 2022 purchases in a range of outfits.

And I let my 'feelings' stop me from holding a couple of positions that have since gone on to 'lose' me an extra 50% or so of profits at the time of print. So not trying to blow my own trumpet. Although I certainly would if I could, lol :)

IMO, we are currently mainly seeing institutional selling and retail buying, both here and across the Pond. I think I am right in saying that the buy back window in the US is now closed or about to close, so that will likely influence the direction of travel for a bit as well.

The long and short though is if CARD continues to build on the last update, manages costs sensibly (including not taking the pi££ with their own executive remuneration), keep paying down the debt aggressively, hopefully with extra dividends and a buy back too (if appropriate) then sooner or later, there is no strong reason to think we are not going to see a materially higher SP before too long. But as always, time will tell and just my thoughts. GLA.

I reckon we will see some buyers come in around the 48/49p level, should we hit that price range.

In fact I know we will, at least for one investor anyway :) GLA.

I seem to remember you said you were going to bottom draw this one for a couple of years, not that long ago?

Anyway, no harm in changing your mind if that is how you feel. Good luck with your other and future investments.

Gut feeling was right. Will be interesting to see if we can get back above the 50 DMA before the close today.

I wonder if we have a short(s) increasing their position?

Still scratching my head over the TRS short. Does anyone here know much about them, beyond the basics on their website etc? An arbitrage play perhaps?

In truth, it has given me pause for thought, more than it might otherwise have done with more familiar shorter names. Would not normally bat much of an eyelid with a sub 3% short interest, and at the time of print it is an insignificant percentage. Hence my arbitrage comment. Going to keep watching for now. Still got the small core position, FWIW. GLA.

Not really a fair comparison though. 888 did not need to sell up. PFC lacks the option of just continuing to trade, without any type of intervention, like 888 did.

Anyway, good luck to those of you still holding here. Not long to find out, one way or the other, the fate of this company.

IMO, a Labour government is going to be no better, or worse, for this name, than the current government.

They will be atrocious for our country - do not misunderstand me, failures, by any metric I can think of - but very much two cheeks of the same....face.

Anyway, while many of us did not expect to see these prices a few weeks ago, nothing has changed in either direction since then (at the time of print/touch wood etc!).

As long as they keep the business on the straight and narrow, IMO we will indeed be back to the quid range before too long. Certainly if the next update is positive and they announce more goodies, like a buy back, or more dividends etc, then I am even more confident that this investment will see me hit my target price sooner or later.

Might revise that exit point higher or lower of course, depending on various things, but sufficiently far off currently for it to not be in my mind right now anyway. GLA.

I heard someone the other day say that socialism is the gateway drug to communism. A more memorable turn of phrase than Marx himself put forward, but essentially the same thing.

And he was a reliable source, when it comes to such things.

You will not find many people who lived under communist regimes supporting socialism for this reason.

Unfortunately, too many people in the West have got complacent, and so it seems we are doomed to undergo the cycle as put forward by Neil Howe in his excellent book, The Fourth Turning. But I would be delighted were it to be otherwise. Hey ho, what will be will be etc.

Now until final results on 28th June. Is anyone adding, or (like me) just sitting tight now until that update? GLA.

Thanks stokey.

I see the Telegraph reported yesterday afternoon that Belfast shipyard workers have voted to go on strike now.

Obviously, it is the Telegraph, so it reports in a fashion that does paint a rather stereotypical picture, but even allowing for that, I wonder at the timing of the Union, all things considered.

Goodness me, our country needs a rocket up the XXXX, to get things back on track!

Anyway, GLA holders with the upcoming IM decision. Anyone know if this is the final one now, or are further appeals possible? As I said a long time ago on this chat board, the only real winners are the law firms.

Schools should teach children to aim to become either a politician or an AIM director. Great financial reward, irrespective of performance! Only joking. Sort of :)

Yeah and it is not like it has proven to be a reliable nation state to do business in for us anyway to date, so what is the worst that can happen? Do a Mali, perhaps? Or simply steal the asset in full and without compensation?

Given how much the IMF and a range of western charities gives them, I think that would be unlikely, but anything is possible in failed states. Also IMO less likely with an undeveloped asset.

All the more reason IMO not to put another penny into Songwe. I do not trust the politicians or the political landscape in Malawi at the time of print.

Anyway, the other avenues seem to be continuing to advance nicely. Fingers crossed and GLA.

Well, a small buy order (that I had forgotten about, lol) hit yesterday, so I am doing my bit to absorb some of the overhang :)

The 80's, which seem nailed on right now, is where I will likely take a few more. Any more purchases after that I will look to trade a bit, if it comes to pass. GLA.

Nope. Looking to see if it holds the 50 DMA. Feels like it wants to go lower IMO. Also feels like another little trade might be close at the same time, so am watching closely now.

Might not happen of course, which will be fine too. Lots of key economic data coming up this week. No need to chase in this market, to my mind. GLA.

Well, I thought silver was going to be sub 30 for a little while on a pull back, so it shows how poor my TA is :)

Just got to hope the daft politicians here do not kill the golden goose. Always a threat with politicians. Especially those with a leaning towards stupidity/communism. GLA.

It is simply range-bound right now, IMO. Nothing more, nor less. Watching for another potential side pot trade personally, but not a priority. Will probably set a buy order soon though.

Thanks Jonny and Doctor for your detailed thoughts. Some of which I was familiar with. Some was entirely new information to me.

Another fairly high volume day here, but another month-low print as well.

Just going to need to be patient with this one, I think. Hopefully not too much longer to clear the sells and regain some positive momentum. GLA.