Member Info for MaryBr190

"Some people are more subject to fear than others. It's like the virus — it strikes some people with much greater ferocity than others. Some people can handle it psychologically. If you can't, then you really shouldn't own stocks, because you're going to buy and sell them at the wrong time." (2020)

"During such scary periods, you should never forget two things: First, widespread fear is your friend as an investor, because it serves up bargain purchases. Second, personal fear is your enemy. It will also be unwarranted. Investors who avoid high and unnecessary costs and simply sit for an extended period with a collection of large, conservatively-financed (American) businesses will almost certainly do well." (2016)

"A 'flash crash' or some other extreme market fluctuation can't hurt an investor any more than an erratic and mouthy neighbor can hurt my farm investment. Indeed, tumbling markets can be helpful to the true investor if he has cash available when prices get far out of line with values. A climate of fear is your friend when investing; a euphoric world is your enemy." (2013)

"Though markets are generally rational, they occasionally do crazy things. Seizing the opportunities then offered does not require great intelligence, a degree in economics, or a familiarity with Wall Street jargon such as alpha and beta. What investors need instead is an ability to both disregard mob fears or enthusiasms, and to focus on a few simple fundamentals. A willingness to look unimaginative for a sustained period – or even to look foolish – is also essential." (2017)

JG68

Thought the title needed changed :)

Yes increasing working capital is a good thing provided it is a trend and not a one off.

My take on this is that the BOD decided to gets the news out ahead as well as the directorate changes while highlighting that all is on track and the dividends will be reinstated. Hopefully the last blip

This is a reset for the good for years to come and hopefully near the bottom.

The market is skittish to any unexpected news and uncertainty as to whether this has now been resolved going forward or another hit next year.

As the dividend is being maintained and there would be visiblity now as another quarter has ended, the release today seemed unnessary and if the idea behind it was to avoid a drop on results day then this has backfired spectacularly.

I will take the glass half full outlook and will aim to take advantage of this drop to improve my position by adding to trim later.

Best of British,

M.

Re MAB I travelled and exited at 210 and more than happy to leave it for others.

The Warren Buffet way -

A climate of fear is their best friend. Those who invest only when commentators are upbeat end up paying a heavy price for meaningless reassurance." (2009)

I added 19k in 3 tranches to hold forever my average is just above 140p so contents to collect for dividend for as long as necessary.

The share price is just silly at this stage and in the bottom drawer. If it takes 6 months 1 year of 2 years the should still be a better upside at these levels that a 4% return in a bank.

150p is a 20% return so risk reward is there for me.

JG68 trocky one this did you sell out? sit on hands or add or wait for another leg down.

Tricky to decide so I added at 126/7 and hedged my bets that the overreaction will recover later in the day / week / month.

This has to be a good entry point - pulled the trigger - put away for long term in the bottom drawer and collect the dividend is the plan.

Not a recommendation of course but 126/7 seems a good risk reward.

Let's face it - those who sold the 50k at 131 were too late to sell except at a significant loss unless they expect a falling knive.

They will be regretting it now.

The markets make fools out of the best and days like this are usually good to sit and wait.

Or up at 170p as the news confirming dividend is key.

See there is buying 10k what a muppet

JG68 you are also right. Days like this provide opportunities.

JG68 fair enough - probably get the news in ahead so as not to distract from results. In reality a 25m a one off and confirmation dividend returns despite this set back.

The market could react in one of 2 ways.

A buying or selling opportunity in the same day.

Always a biider circling EZJ too

Potential is there. I listened to the conference call and despite some agressive questioning Helios took all in his stride and answered well.

Growth is intact and the debt will be coming down with no need to refinance until late 2025 unless the offers are favourable.

The question about cash was deftly answered well and the cash is to increase through the remainder of the year.

See no reason that this cannot retrace upwards towards the 110p level in the near term and beyond towards the 140s.

Thanks for organising the webcast Daisy!

Hindsight yes but i pulled it at 206p

I wondered that too, but still a large buy is a large buy.

Maybe a MBO is on the cards !

JG68

I am with you. Have been adding on the way down and added another tranche at 201p near the close. Not at all comfortable for you either but no pian no gain.

At some point the bleeding will stop and a sharp uptick.

Could go to 150p or £3+.

Here's to better days ahead.

Sod i, pulled the trigger

Like buses there were 3 director purchases

300k

59k

30k+

Follow the money.

On Monday it seemed that the process would have weeded out enquiries from other suitors.

Follow the director's money seems like a great idea.

Just like the Grace Bros lift, this is "Going Up"

DYOR

Never say never Oli still 50 mins for the mms to realise the sale is over :)

A tempting nibble at the moment.