Member Info for LWHL

Leaky ship, this one it seems.

Anyway, good to see an update after so long a period of radio silence.

Hopefully the start of a more positive period of news flow here. GLA.

True. IMO, the oil chart looks like we are going to see another leg up soon.

Will take a view on adding here, if that thesis plays out.

I am going to wait for sub 120p, if the above happens. Slight change of plan on my part.

Of course, it may not occur, and even if it does, we may not see such a price here anyway.

Would not consider this name without a long term outlook personally. Although the general mantra says that applies to all equities of course :) GLA.

Another inside sell declared.

If it turns out that the next update is poor, some of these people need to be fired, IMO.

This is a terrific business. We just need a strong CEO to harness the potential.

Which means scaling back pay in some areas and far better target-driven incentives, where the current high levels of remuneration in some quarters are predicated on a far higher SP, for one thing.

It feels like this one wants to retest the lows.

A bit tied up this afternoon, so might not get a chance to follow the action closely enough to take a view on a possible trade....but that does not mean you need to necessarily worry, JG68.

Retests are common, especially in this kind of market. It does not signify anything insofar as what the medium, let alone long term, may hold.

And it may not even retest the low. GLA.

Well, for one thing, it is not a conspiracy that cash is king right now.

IMO this is the early stages of a buyers market, and assuming financial liquidity remains squeezed for a while yet (a fair assumption I feel), then what recently would be called a low ball bid, will generally become accepted as a 'fair value' bid.

And I think we will see a reasonable number of outfits take the 'low ball' money in this climate.

150p and Flixbus, or any other potential suitor, can have my shares.

Naturally, I would welcome more, but I am just trying to keep a realistic perspective on things, as I see them.

And I could be wrong of course. I usually am :) GLA.

After the (IMO excessive) pay rises, on top of dividend cancellation, I am pretty sure they can present a compelling case to the government to raise prices.

Especially if they make those cuts to senior management costs...

I think they will increase fares and I think that for the most part, they have a captive audience, so will not risk a material reduction in footfall by doing so.

As I also said before, they can absolutely find some cost savings in senior management too.

Yes. That is my understanding.

It is puzzling. At the time of print, I am attributing this drop to sector relevant sentiment. See our competitors, plus the house builders.

I have been expecting a material correction in the market (and wider economy) for a long time now, so I guess sooner or later I will be right :)

As far as this name goes, and as I have suggested in the past, as long as they manage costs carefully, especially the debt pile (the most recent update looked good on that front), then on the basis of having the luxury of sitting tight and perhaps adding more, should an even 'cheaper' price present itself, then we should, hopefully, see ourselves in profit once again, sooner or later.

The conundrum will be, as it always is, that if this is the early stages of a bigger correction, then there will be a lot of desirable names 'on sale', so it will be a case of choosing your allocations wisely. And more importantly, hoping the real movers and shakers see this one as worthy of a decent slug of capital, when that time comes.

Subject to the obvious caveats, I am a fairly relaxed holder here right now, but it helps that my current position is a small percentage of my overall p/f.

Glad I took profits here in the past though, when I had a far bigger number of shares!

ATB to you too and fellow shareholders.

I will not. Nor will I offer any guarantees. How can I?

But realistically, for you to lose all your money here would require several further terrible updates.

There would be a RI well before that scenario.

So, you may lose some of your investment. Maybe a big chunk of it, but you would have to HODL, come what may, for a wipe out here.

This is not some death or glory AIM minnow. Trust me, I have a few of those. I have had a few wipe outs too. I may add to my wipe out list still.

But I honestly cannot see a situation in this particular name where that prospect will play out.

A low ball take out, sure. A RI, perhaps (although that would probably be the point that I personally would take the hit and move on).

IMO, at the time of print, if we do not get acquired, I can see a grinding couple of years with eventual green shoots after that. That is my bearish scenario, by the way.

The more positive thesis is management delivering on forward guidance, achieving the higher end of that GS disposal initiative and a share price materially above where we are today.

To be honest, I do not think we will ever see the ATH share price here again though.

Now, now, Smokeytime. That is a crazy comparison, for so many reasons that they do not need explaining here.

I said back before the latest update that this was not a slam dunk, and I would not hold to the death either, but I think sentiment is perhaps turning a little too bearish now.

Which may mean the time will soon arise here to take another little trade while we wait for the next update :)

Yeah, the investment banking arm is the single most interesting element of BARC, IMO.

It was what first attracted me to investing here in the first place, ahead of some of the other UK banks.

It will remain a key feature for me when I next decide to return here, too.

In the theoretical event they ever disband it, I would not touch this name, nor would a good many other investors, I suspect.

But given that is almost certainly never going to happen, we can rest easy, on that front at least :)

Goodness me! You turn your back for one moment and this happens.

I wonder what fund is selling? Or short seller, perhaps?

Cannot see anything in the news, no RNS either, to justify such a drop here. At least Forterra seems to have sold off too (albeit not as much), so hopefully just a sector sell off, rather than anything company specific.

Looks like I might get that top up target price after all. GLA.

I agree. It is the type of action that I cannot really remember seeing before. And I am not an AIM novice.

Glad we have not sold off further today, but still sitting on my hands for now.

This one feels like it is either going back to 240p territory, or a further retrace to 180p ish. Quickly, one way or the other!

I am sure it will work out OK in the end mate. We all hope it will, naturally.

And at least you do not need to make a decision really soon, based on the period you have given. Or worse, being over-leveraged on margin.

Based on what you have shared with us - and only my opinion, not advice - perhaps it might be worth considering logging off this stuff for now, and just set an alert notification for any company RNS material.

If you keep averaging down, sure, you might increase your eventual gains. But I cannot see how continuing with that strategy is going to make you feel less uncomfortable.

And watching the SP action daily in this situation is only going to enhance the discomfort, I think.

If we get a bumper RNS, then you will get the alert anyway. But like I said, just my opinion and not necessarily advice if given to me that I would heed. Still sound advice though. GLA.

I think if the BOD had 'lost the dressing room', they would have exited by now.

Therefore, I think we are at the 'full confidence in the manager' stage, to continue the analogy :)

Anything but a strong update next time and I think we will see changes.

IMO, the success (or otherwise) of the disposal process and final, best offers, will be on GS, so to speak, although it will not help the BOD if GS do not at least get very close to the projected number we have read about in the public domain.

Presumably, that is a conservative number too, on the basis GS are surely going to get elevated returns by outperforming internally agreed targets etc.

JG: At least those in your trading account can be offset against future tax liabilities, if the worst comes to the worst. Obviously depending on your tax status, legislation at the time, not investment advice, etc.

I hope that you have other equities in your various p/f's. Not for any other reason than for diversification.

I would not recommend any one stock in the entire world to go 100% all in with - ever.

Anyway, I remain watching for another potential side pot trade here, but not feeling it at the moment.

Which is the kind of scientific analysis that you can all safely ignore :) GLA.

Classic AIM mover, this one!

Give me low 180's/170's maybe, and my trigger finger will be very itchy :)

Never a dull moment on this one, it seems. GLA.

I think missing guidance within such a short period of time is very bad form.

No excuse for being overambitious. Not at this level of business. IMO anyway.

The number you have invested here is irrelevant. How significant a proportion of your entire net worth it constitutes, was what I meant :)

Anyway, some good discussions last night. Let us see what the rest of the week will bring us! GLA.

In that case, be very careful JG68.

Paddyboy1 does not come across like he is over-extended here as you seem to be. Without wishing to put words into his mouth of course.

It might even be worth thinking about selling some until you reach a position that feels more comfortable for you.

Yes, it would lock in a partial loss, but you sound like you are in a bad place and must not let yourself remain in what sounds like a precarious financial position, due to your holding here at the time of print.

Obviously not financial advice, your money, your choice etc, but you need to put your health first mate. Just my thoughts.