Member Info for LWHL

Still on my watch list, certainly.

But I am not sure that anything has more or less bottomed yet, especially with the current government finding new ways to look ever more incapable :)

I am going to review this one properly later, including attempting some fresh TA I think. GLA.

At the risk of sounding a bit rampy, and not that it is part of my investment thesis, but these numbers might mean another approach could take place in the coming weeks.

No idea what price might tempt the people who matter, but I am happy enough either way.

If anything, now perhaps leaning towards a preference for continuing the journey as is. GLA.

And I am glad I backed the BOD here when things were looking very grim.

Notwithstanding the ever present risk of political interference, and indeed allowing for a degree of future parasitical theft from those leeches, I remain a satisfied holder at the time of print.

But let's see what the market thinks... GLA.

In fact, worse than I was anticipating.

Kept one eye here since I exited, but IMO too many of the key metrics are going in the wrong direction.

But the market reaction can make fools of what one expects to see, so perhaps this will be the case here shortly. GLA.

I like the thinking, but agree that the logistics probably would make it impossible.

Part of their long-standing business model is efficiency. And that includes floor space utilisation etc.

Even if they tried, I am not sure that a Greggs or similar would be interested, for this very reason.

But a tie up with eg Greggs for some food offering in stores? That might work.

Well I did the other day, but have been sitting on my hands today. May well do in the days ahead, but TBC and not advice to follow suit, of course.

0.59% disclosed short interest. Why is that number not so much higher, if lse is right? Surely a no brainer short?

Or perhaps it is far too risky at this price range to take that side of the trade? See where we are in a few weeks, if not sooner. GLA.

You should have put quotation marks in that particular post then, lse, as you just did now with mine.

But the rest still stands, lol.

Another fairly high volume day here. Down a bit, but IMO it is not just PI's buying this up; I think the next few weeks are going to be interesting, one way or the other. Still in that long-standing downward trend, but still a coiled spring... GLA.

Your post yesterday at 18:48 jinxed it again, lse. You said it was definitely going to late 20's....

Looking forward to a green day tomorrow now you are back on bearish point :) GLA.

I think the DEI recruitment stuff has been the real poison for many a business. Both here and across the Pond.

And it shows in corporate results, time and time again, IMO.

Ageism is probably the one 'ism' that is generally rife in society and almost certainly across all business sectors.

Critics of Martin are, IMO, for the most part at least, not ageist.

FWIW, I am on the fence with him at the time of print, leaning towards supportive, if anything, although if he does try and push through a deal that screws small shareholders, that will change - but not because of his age.

If I was a shareholder from the more heady SP days, I would have either averaged down here, or sold out. IMO, sitting on a huge paper loss makes little sense if you have lost the faith of the business in question, albeit I appreciate it can be easier said than done sometimes.

IMO it needs to close the gap around 245p or so (off the top of my head) and then continue upwards, to suggest we might have something going on.

But either way, better than a kick in the plums :)

Not to mention over 4% dividend at the time of print. Ex div 11th September, I believe.

Heat wave will not last long, lol. GLA.

Maybe Nancy bought some. Speaking of Midas touch :)

Relinquishing his golden ticket would be for the best IMO.

Either way, as long as he follows his fiduciary duties, then hopefully the wider shareholder base will be appropriately rewarded as well.

And it remains listed, if not taken out. So those with shares in ISA or SIPP wrappers are not shafted.

But, as a shareholder who thinks things are already moving in the right direction at the time of print, I would rather we stick the course, than some mediocre deal that does not offer significant and rapid benefits.

A sentiment that I imagine the other main shareholders will share. Hope so anyway, lol. GLA.

Don't forget that other interested parties are probably in the mix as well.

Calm before the storm perhaps. Or not, time will tell etc. GLA.

That is a strategy that I generally like - but only for credible outfits.

Right now, we have no idea if this is basically a scam, a lifestyle play, or a diamond in the rough that merits patience and proper investment.

Sooner or later, the CEO will have to provide another update and sooner or later, it will become obvious whether this is one that has been swimming naked. To paraphrase that well-known quote.

Has the CEO done anything to get the business on the radar of the investment community since his interview back in February?

I appreciate that this is only one aspect of his job, but IMO it is a very important one for a business of this size. Different story for a mature, cash generating operation that can wash its own face.

Hopefully not long to find out, whatever type it is. Beyond bored of this punt now, lol.

As always with these things, the question would be 'at what price'?

Like another name right now, it might explain the lack of inside buying as well.

Give me 420p and I will happily walk. If you have an average much above this, then why did you not average down, if you retained faith in the business, or why not have taken a loss a long time ago and moved on? Just to preempt any possible posts along those lines :)

That kind of price would IMO offer a degree of a premium today, given the challenges that the current BOD seem to be having, while opening up the chance for it to become a good deal for the buyer, assuming they have more capable management. Win win.

Anyway, fun to speculate while we wait to see what actually happens. GLA.

What it also calls into question, RachT2, is how exactly are ordinary shareholders going to be able to benefit - profit - from this enterprise?

It is all well and good selling off/JV'ing assets, but when you see this level and weight of consistent dilution, the maths required for said ordinary cohort to be in a position to make a profit seems....challenging IMO.

No worries. For the media to have a sniff/be given a steer, makes things interesting.

And IMO, strengthens the thesis for this being a signal that we are in play.

This will draw other potential suitors, perhaps at a quicker pace now, than may otherwise have been the case.

None of which offers any certainties of course. One thing at a time etc. See how the US takes this update in a few hours... GLA.

There are a number of potential ways they could structure any such deal, longfell.

So, as far as I can see at this stage, you are not missing anything obvious on this front.

I am open-minded myself, but will obviously take a firm view if they put forward something concrete.

IMO, this is only one potential scenario, which will likely act as a trigger for any other potentially interested parties to show their own hands fairly soon.

This at least explains the lack of inside buying after the last update. So one less thing for the bears to cite as evidence of doom and gloom :)

Well, if there is no RNS pre-market, expect the FUD posts to be even more dramatic than usual :)

I will be watching the early price action closely in this scenario; I am getting close to a medium sized position here (all relative of course) but if we get a fake down, I will be ready to snap up a few more.

I would be happy for starters just to see that gap fill that I banged on about a while ago, lol. Too long ago probably to claim it as a win for TA, and ultimately seeking a good deal more than that, but nevertheless.

GLA and fingers crossed for a very enjoyable tomorrow and beyond...