Member Info for LWHL

No issues with IG or AJ Bell, although I rarely check on the exact due date, so cannot remember when they cleared.

AJ Bell seems to be the quickest to pay up, of the platforms I am familiar with, though their costs are expensive IMO. Certainly in comparison to IG.

Less of a rip off than HL to my mind also, although appreciate that there are loads of other ones available, so not trying to recommend any of those three ahead of others :)

Not sure why you are having issues with IG for penny stocks.

Never had an issue, even with smaller micro caps than this one now is, albeit occasional NT's when a particular stock is experiencing extreme volatility of course. Even then, never for that long (touch wood).

Not that it matters of course, but the 10K showing as a sell, was in fact a buy.

GLA.

What is the difference between Lib/Lab/Con?

Yeah....I do not know, either :)

Should have said frozen/suspended, rather than reviewed. IMO, sooner or later, the actual scope of 'essential services' will need to be significantly reduced as well.

I am sure some of the posters here already have some idea of just how appallingly mismanaged local government finances are, and indeed have been, for many years now.

Not sure any of them are bastions of good fiscal custodianship, although perhaps some are at least free from corruption.

No idea in either direction as to whether the latter applies in the case of Brum, although clearly the answer to the former is beyond doubt.

No doubt some of the newspapers will expose some of their wastefulness in the days ahead.

At least lessons will be learnt, I have little doubt :)

Presumably they will go into special measures, or whatever it is called, and be run by national government, to all intents and purposes.

All but legally protected expenses will be reviewed, so the locals can expect further cuts to their already dreadful value for money council taxes. Well, those few who actually bring something to the table, anyway.

Expect the loudest howls of fury to come from those who should hitherto have been deeply grateful for being carried all these years.

Similar to me, Locky82. I am long term bullish here, but am not in the 'slam dunk' sure thing category either.

Sold my 81p ish tranche recently, even though I was thinking of a few pence more for that lot. Small core holding remains. Skittish to a degree, because September can often be a month of market excitement, to say the least!

Now going to sit back and wait to see if the US markets play nice for a bit... GLA.

I approve of your choice of cigar, but could never get on with Guinness. Slight preference for Caffrey's, if no good red was available :)

You are probably the only poster here (or on the other chat board) who could buy this company yourself, without it making too much of a dent in your overall net worth, I presume.

I do not share your confidence unfortunately, but as I have said before, you have my full respect and who knows? You might be right.

You do not have the success you have had in the markets over however many years, without getting more big calls right than wrong and presumably, going against the tide fairly often too.

But IMO, in the case of this outfit, you would need root and branch management reform/clear out from the get go, and Bergen onside too, of course. I would also have some forensic accountants go over the whole operation, a really comprehensive comb...ultra due diligence. Beyond the normal level of dd that typically takes place during your vanilla M&A process.

I wonder what price Bergen would relinquish their interest here, out of simply curiosity? If the alternative was zero, you would have thought they would take a big haircut to get something back, but that is merely speculation on my part and I could be 100% wrong.

You would also, IMO, need to inject quite a significant amount of fresh money into the business, to shore up the balance sheet, so it could weather future delays or complications. At least two full years worth of expenses IMO.

Anyway, enjoyable to chew the fat and so much easier to discuss than to actually do, in the real world :)

I would be happy to see 4 quid again on no news :) I have decided that will be my add price, if it comes to pass.

Missed several terrific trading opportunities when I was on holiday for a fortnight. This one and a couple of others.

It was a much-needed and enjoyable break...but I would have preferred the markets to have remained flat during that time!

I would bet my dinner that John was working over the weekend on advancing discussions and potential pathways.

I imagine he would have already done some provisional groundwork in advance of the IM verdict in the past, but realistically not a significant amount, because why waste time on something that may have come to nothing? Especially when there were so many other plates in the air.

I would not be surprised if we had to wait until next week for some further news. IMO, and up to a point, no need to rush now. I would imagine multiple parties who may have an interest in IM, will keep the pace moving anyway.

I do not see a pump being successful enough to drive this to 2p or 3p without any cast-iron and specifically outlined positive news that goes far beyond the recent RNS for example, but you can never rule it out on AIM I guess.

I think making 2023 a red line, or if there was another raise, that would probably be a sensible strategy IMO, if you currently have confidence in this one.

Most of all, just do not invest more than you can afford to lose.

That applies across the equity markets of course, but is particularly relevant for AIM. Even more so in this case, IMO.

Good luck to you, Rad11adw2 and to your fellow longs here.

I think there is absolutely no way in the world that talk of placings, or other bearish (yet factual) comments that have been made by a few posters on a chat board here or elsewhere, would scare anyone of even moderate intelligence, into selling. Likewise in the other direction either.

This is simply the natural and inevitable consequence of a company that has for years failed to deliver any shareholder value whatsoever.

That has clearly misled investors on a number of things over a number of years, including most recently, question marks over the placing before this latest one, which was on worse terms than even the aborted CLN deal.

When trust and credibility has gone, this is what happens.

For bulls, the hope will naturally be that trust and credibility will be restored. And if it comes to pass, you will likely be rewarded. Or you might get out with a small profit on a pump at some point instead.

And good luck to you in either scenario if it happens.

Difference of opinion is what makes a market - but please do not blame ordinary posters here for the falling SP. That is simply nonsense.

Not sure why that post compelled a reply from me. Must be getting more irritable as I get older :) GLA.

One of the challenges is always trying to be disciplined with preserving enough capital for future opportunities.

I sliced some profits on a couple of other positions I hold this morning. Simply because I felt they looked a little overbought. If I am right and they pull back, will almost certainly repurchase them.

Then we have the matter of seeing how the US markets fare tomorrow, when they reopen (closed today).

All the big hitters will be back at their desks then, so volumes and potentially volatility, will be much increased IMO.

Could well rally of course, but I doubt so violently that I will not be able to get back in if the indicators suggest it is sensible to do so.

I agree. I am really tempted to take a few more, not least because I am underweight here now.

So many stocks right now, that to my mind, offer a far better risk/reward ratio for a short (if you were so inclined) than this one at the time of print. But time will tell of course.

Decisions, decisions!

Looks like J Hunt has let the cat out of the bag, saying that there may be a 'blip' in the August inflation data reveal later this month.

Hopefully the markets will focus on his comment that the BoE remain confident of a return to 5% inflation soon after. And buy what the BoE still peddles :)

You obviously have not read that many of my posts.

There are plenty of commentators with significantly more knowledge, commercial success and intelligence than me.

Having had a glance at some of your own posting history, you are unlikely to be one of them.

But, by replying to your insipid post, I am now also guilty of derailing this thread.

So my apologies to the other posters here, and I will not do so again.

Dallo has a far stronger investment pedigree than I do, and will probably disagree with my opinion on your question.

Nevertheless, my opinion...when you take into consideration the appalling management performance dating back to the IPO itself, thus their market credibility, the credit environment (which again IMO is going to get worse before it eventually improves. Not in time for this outfit realistically), the Bergen debacle...I do not see shareholders coming out with anything now.

So in that sense, if this plays out as I am resigned to seeing happen, then the only people that will take home some profit, apart from the Directors' salaries of course, will be the administrators and other associated entities.

There is not going to be a fierce bidding war, so you can forget an ARM-style premium happening either, IMO.

Needless to say, would be thrilled to be wrong and welcome the opinions of others, as always. GLA.

Sounds like he dialled into the AGM by accident. Probably on route to somewhere more fun :)

All the AGM's I have ever attended are really quite boring in comparison to how this one went, it seems.

I will never let my eyes glaze over again, when a CFO or similar is going through lots of detail, answering quite technical questions diligently, or handing over questions to colleagues who they are able to name effortlessly....

Oh my goodness! I laughed out loud when I read your latest post, Dallo.

I retract my previous use of the word balloon. It would be insulting to balloons all over the world.

The AGM sounds like it was worth attending, simply for the comedy value.

To poach a phrase I heard another poster use somewhere else, and which really tickles me....what a balloon Levi is :)