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We need to see how the US market fares this afternoon before any such talk of bottoms being in.

That does not sound quite right...but I will leave it in for those of you who may be prone to childish humour :)

I would like to see us get back over the 200 DMA and remain above that level...but yeah, no complaints from me on the rise today :)

Maybe. IMO, we need to see, and then hold, circa 62p level for that theory to hold weight.

But certainly agree it is nice to see a lack of red in this one at the time of print.

Yeah, it was a nice RNS to see. A rare thing on a Friday!

In a normal market, this would be up 20% today, but it is a risk off environment right now, so we are not doing too badly in the circumstances.

More importantly, it is another step towards those revenue targets.

I am not even thinking about dividends yet. Let's get to a position of financial security, significantly lower debt etc, then the business case for such things will be under review, I would have thought.

At least two years away, probably three, IMO.

I think higher for longer interest rates is a sensible conclusion. The alternative, without significant productivity increases, or significant public spending cuts (neither gonna happen, IMO) would almost certainly result in the kind of inflation that you can witness today in a number of second (Poland, Hungary) and third world (Turkey, Venezuela) countries.

I think I am right in saying that, over a long time frame, 5% is the average rate position in the western world.

The alternative route would be far worse of course, as can be seen by some political decisions in other parts of the globe.

All the more reason for Mobico to get that debt pile down significantly and quickly, IMO. Like all the other good quality, but highly indebted, outfits.

I did very well on that name around that time. Love that stock....100% track record so far....but all the more reason to be extra careful :)

I hope so, Mr A :)

IMO, you are spot on with your thoughts on oil prices. They will be a disaster for CPI, if sustained, but all we can try to do is play the cards as they are dealt...and that is why I took a fairly material position in a US O&G outfit recently.

Not long until said BARC update. Good luck to you too, sir.

I am in complete agreement with you, Paddyboy1.

It is not so much the fear of regulatory consequences that makes me keep restating such things, it is more the genuine desire to not unintentionally influence someone to take decisions that they may otherwise not have decided upon.

But thank you for your post to this end and glad you take the comments in the spirit to which they are intended.

I have been a holder in DS Smith and it remains on my watch list. I agree with you that I think it could go lower (but we both could be wrong about that) - but for that reason, I have held back returning to that one at the time of print.

FWIW, if I currently held that one, especially at recent prices, I personally would be inclined to hold, with a view to buying more if the bearish thesis comes to pass. But that is from a position of having dry powder readily available of course. And easy to say from an outside position, I appreciate.

It really is a quality name and IMO with a long horizon (eg more than a year/18 months even), is not one that I can see going to the wall. AIMO, naturally. But, again IMO, if it was in my p/f currently, I would be ready to buy more if it did indeed go a fair bit lower in the next six months or so.

Similar in some ways to my mind is Ibstock. Which I currently have a very small allocation of, and which I plan to execute the above strategy, should circumstances come to pass.

One of the reasons why I tend to give an indication of some of my buys and sells is to show my thinking. It also shows the many times I get it badly wrong! Therein lies the rub :)

Mr A. I am surprised that the BAC results did not lead to a fairly big sell off in that name.

Having had the chance now to look a little more closely into the details there, it does not look too good to me. But the market currently disagrees, so that is all that matters.

If the UK pauses on rate hikes and we do not see a material and sustained reduction in CPI levels, well, it will underpin my opinions on the credibility of the BoE, among other things.

Like you, I too am waiting for the BARC update before taking a view here.

I do like this one, even though sometimes I feel like I am pushing my luck with it :)

Just saw your latest post, JG68.

I am sorry - that was not my intention.

Please do not take any financial decisions based on what I, or anyone else here, says. I was just giving my own, personal thoughts, as we all do on these chat boards.

None - absolutely none - are investment advice, nor should be taken as such either.

All I have been trying to suggest is to take decisions that you feel are right for you. Add, sell, hold. You know your own feelings, comfort levels etc.

I have made, and no doubt will continue to make, many unwise investment and trading decisions.

Just do what you need to, in order to sleep well at night mate, is all I have been trying to get across.

And my macro opinions could also be wrong, so take that with a pinch of salt too.

That must have been very frustrating. I was foolishly over-invested back in 2020, so did not have as much dry powder as I would have liked back then to make the most of that macro opportunity.

Bought a few bombed out names and averaged down on some others nonetheless.

But not nearly as much ammunition as if a similar black swan event comes up again soon.

Anyway, two of them I should have taken profits on after that time, when the chance presented itself. So essentially the same boat as your PMO and Tullow experiences I guess.

That is why I have suggested switching off from all this market stuff for a while, for anyone who is currently, or starting to, feel anxious. The real life consequences can be serious sometimes. And life is short enough as it is. GLA.

No worries and likewise mate.

I thought we were going to see a proper correction last October.

I added to a few positions and opened new ones around that time, as a hedge, in case I was wrong.

On balance, I did well from those purchases. Very well on a few, actually. Naturally took profits too soon on several of them too.

You see, I have been into the macro stuff for a while now...and IMO, it is really, really bad.

But it can take a very long time for the music to finally stop.

VIX currently under 20 still. 60's is when things get interesting, IMO.

That is why I have been heavily trading of late, mainly small positions and quickly taking profits where possible.

But for some names, I am continuing with a LTH strategy. Subject to the obvious caveats, this is one of them (albeit a small p/f allocation at the time of print).

It is possible that this one, and a bunch of others, will see share prices that seem almost inconceivable today - if the bear thesis plays out.

It is also possible that we will see a repeat of last year and a Santa Rally. Regardless of the macro stuff. War is usually good for equities for example. Not that it provides much comfort for the bigger picture stuff.

A lot of real money currently sitting on the sidelines too. That can change at the drop of a hat.

But I am not adding heavily to those names that I already have lots of. IMO, we all need to be very careful right now.

If any of you remember the GFC days, you will understand my meaning.

But like I always say, just an opinion and we all have to do what we think is best for our own unique circumstances.

And nobody, least of all me, is going to time the market to perfection. We might get a market melt up, who knows?

But if that happens, given all the macro moving parts...I will try and make as much profit as possible and go into as much of a cash position as possible, as soon as possible.

Anyway, enough pessimism for one evening. GLA.

Indeed. Not least putting their hand in their pockets to buy (more than just) a few on the open market.

Another thing I have mentioned repeatedly.

But pleased with the update today, so let us bask in something positive here, for a change :)

Ah yes, sorry, I see we breached it today. I did say I was somewhat tied up and thus distracted this afternoon!

My aforementioned gentleman's bet with Paddyboy1 still stands though.

The proof in the pudding is in the eating, crumbs.

Until those public 'servants' actually walk the walk, the market is simply no longer going to give any benefit to the doubt on Songwe.

Nor will I, until or unless we see the ink dried on this never ending saga.

So, this is a 'hold', rather than a 'buy' IMO.

It is only the big inside purchase of the CEO, plus the interesting and ongoing progression of the battery stuff, that has kept me here at the time of print.

I was astonished that the SP held up well for a bit after that last update.

I was grateful to have the chance to sell all but a tiny allocation of my shares here on that day.

I do not regret my small addition to the current small pot though, taken in the 130's, because you cannot time these things perfectly most of the time.

And, IMO, it is a great little outfit, with (at the time of print) a sensible BOD and an essential sector service.

Needless to say, I hope this comment ages well :)

And as long as you have scope to sit on these/add for potentially a period of time, Gingy, then hopefully it will work out for you (and for me and other holders too of course!)

Equally, I can fully understand why others may prefer to just sit all the stock market stuff out for now.

Maybe look at bonds instead, for example (not investment advice, of course).

I bought some for the first time in a long time fairly recently. A bit of additional asset diversification.

Even though the government steals the best part of half of your 'profit', after you have been kind enough to essentially lend them your money! And restricts how much you can take up too.

So in reality, it is a poor inflation hedge. But probably wiser in this market than being 'all in' stock market equities alone, IMO.

Anyway, let us see what the next few weeks bring. GLA.

Frankly, I do not care. On AIM, and in this current climate especially, I want to see significantly more marketing and face time by the BOD and other relevant employees.

Something that I have been repeatedly banging the drum about for over a year now.

It is IMO naive in the extreme to not understand that, even if the pipeline is exciting and works, the BOD simply cannot let the science do the talking alone.

Especially taking into consideration their remuneration.

Anyway, as I said before, let us hope this is just the start of a lot of positive information that will hopefully generate plenty of new investor interest, and either stop the stale bulls from selling up further - or at least clear them out quicker.

Gentleman's bet, Paddyboy1: Unless we see a serious market sell off, this will not see 40's next week.

I do think, on the balance of probabilities, that we are likely to revisit the lows, but IMO, without company-specific news, this is still going to be in the 50's - at worst - by COB next Friday.

I am not going to make any predictions for further ahead than that :)