Member Info for LWHL

You see a 35% drop in the SP happening within two weeks? To take us back to levels not seen since late 2006?

That would require an extraordinary update!

Even if we see a black swan event in the next two weeks, no way is this going to drop even 30% on such a market sell off!

This is clearly still range bound right now (within a 2% or so range). So it might have a sell signal to take it back to the lower end of the current range right now, but beyond that, I disagree. GLA.

No problem at all, Ashton. You are simply more generous than I am, because I disagree that they have not had enough time - certainly for the new strategy reveal - at least. Appreciate Disko is somewhat out of their control.

They found the time to raise more cash, after all. And I would be surprised if they had not already had exploratory discussions with a variety of potential suitors for Dundas at the very least, long, long before now. Even back when I was a shareholder.

While that is only speculation on my part, it would be remiss of them not to have done something like this in the past, as a matter of seeking ways to unlock value, as part of their fiduciary duty, IMO.

Overall, IMO, it shows a fundamental lack of respect for shareholders, at best, with raise after raise, and nothing to show for it.

IMO, at the very least, they should have provided clarity on the cash runway, and what immediate salary cuts the BOD were going to take.

That is not something that should have required more time than they managed to find, in order to get the raise away.

But if you feel differently, and as it is essentially your skin in the game, then that is fine too.

Have a good weekend.

I am not sure for certain how that scenario would play out under US tax rules either. I am sure K have it all in hand though.

What would the actual ball park number be, after you pay off the liabilities first though?

Based on history, I cannot see shareholders getting a brass farthing back in such a scenario.

I guess my point really was that the company is not essentially valued at cash right now, because of said liabilities. No specifics on staff reductions, salary cuts/sacrifices, specific length of cash runway either etc. Only a vague outline at best, unless I missed it somewhere.

Maybe news on Monday to offset some of these bearish considerations and question marks?

Good weekend all and GLA too.

I do not think you can give any book value to Disko yet. Sure, Kobold have spent some money on phase one, but that could be used as a tax loss for other ventures they have, if they take it no further (I think I am right in saying).

In which case, it would have zero benefit to JAY. What then?

The lack of update on this, but especially on the other assets, not to mention the promised detailed strategic update (which is entirely in their hands) is consistent with how this lot roll, sadly.

It can also work to our advantage though (PI's do not need to sell, after all!)

For example, when you see broker downgrades, IMO it often can mean that buying/adding, a couple of days/a week later or so, proves to be a wise decision, depending on time horizons.

Equally, when the whole market seems to be ultra bullish on a stock, and brokers are raising targets left, right and centre...it can often be a good time to reflect and perhaps trim some profits.

Yeah, pleasing to see. Not sure why really, but not complaining either :)

Pretty good volume. An II building a position perhaps?

Yep. You just have to try to spot the trend and ride it IMO. No point raging against the machine. It does not care, and it is what it is.

Always a good chance of a bear event in the current climate. So many potential triggers with so much kindlewood!

But always best to try and play the markets, rather than the macro, IMO.

Thanks for sharing, Pokerchips. I can see that the activities are hedges for several different parties, but my knowledge of this area is somewhat patchy compared to yours.

Always trying to learn though! And it certainly seems to have given us, or contributed to creating, a trading range in the meantime.

I can still see a time where something happens on the Frasers v AP front; when you consider the personalities involved, the brands and the IP...but time will tell.

The thought had crossed my mind too, or perhaps he is simply taking advantage of their activities to the same end.

As I have said previously, it has been the inside buying which has kept me coming back to this one, even though I usually steer clear of stocks that are so heavily shorted as this one has been.

And I also do not consider it to be a slam dunk, 100% certain winner, so remain vigilant at the same time.

Get complacent in the stock market and sooner or later, you will get soaked! GLA.

I had concerns before this update. To my mind, it was actually worse than I expected. I agree the new CEO has his work cut out; I think quite a lot more cost reductions should be initiated. IMO, the buy backs are limiting price discovery here at the moment.

I am not holding any here now, but I am watching with interest to see how the new CEO settles in when he joins officially (I presume he is already making a start on getting to grips with the business).

Hopefully nothing in the closet to come out. Not suggesting that there will be, to be clear, but it will be good to hear from him when the time comes. And what his vision/strategy will be.

I want to get back in here. I just want to see a compelling case to do so first. It might of course mean I need to pay more for shares than today, but so be it. GLA.

I bought a few for myself today. Cannot make out the direction of travel; the volatility seems quite high, but not sure if this is usual for this share.

So, I just decided to take the plunge around 82p. That CEO purchase was the main driver, although I would naturally have liked to have seen some more inside buying since the recent update.

Will add more if we revisit low 70's on no company-specific news. Feels like a share for trading right now, but I can also see the credibility of another buy out offer scenario too, so undecided on this currently. GLA.

I was going to set a buy order for 365p pre-market, but got distracted with other stuff. Kicking myself now.

I have never known a share to behave like this one has (for quite some time now, too).

With all the stuff going on - Frasers etc - I cannot see the appeal of being short here. The risk metrics just seem off, to my mind.

Obviously, I hope they have got it wrong here, and I remain cautious when you see such sizeable short positions, but goodness me, of all the potential short prospects, this one really does look like a potential trap for them IMO.

I am pretty sure, in fact I am certain, that it is only the voting shares that count, when it comes to bid thresholds etc.

Anyway, another day of intrigue here! Roll on tomorrow... GLA.

I meant if Frasers approached the 30% threshold.

Does anyone know what impact the derivative element has on such things?

I kind of assumed they took up derivatives to avoid having to make a mandatory bid for the company, in the fashion of if they got to that level with physical shares - but my knowledge of that financial instrument is limited.

If that gets close to happening, then things will get really interesting here, I think.

Cannot see AP tolerating that!

Some people spend their job seekers allowance on drink and drugs. Probably a more forgivable use of public handouts than buying shares in this one right now :)

Anyway, I really must stop stooping to baby shark's level.

As always, I will leave you to have the last word, baby shark :)

I wondered how long it would take for you to pipe up, baby shark :)

It was less than fifty quid profit, which I do not normally bother with, but I called this trade wrong.

Any profit in such a scenario is satisfactory, but I appreciate that for the likes of you, a tenner would be life-changing.

Enjoy your dividends here, while you penny cost average with your pocket money. It does pay a juicy dividend, right? Lol.

Managed to trade my way out of this one with a small net profit.

Bit of a hassle really, but IMO this one is shaping up to go lower, and all things considered, not one that I am looking to invest in. Not right now anyway.

GLA.

Originally, I was planning around the 150p level. Now inclined towards mid/low 140's.

But that was/is based on if we see that territory before the next update.

Ideally, I would like to have the chance to exit before that (for obvious reasons), but if I need to sit tight and see it through to the next update, then I am relatively relaxed about that scenario. Still a long way off at the time of print, but I am not trading on margin, so no real time pressures etc.