Member Info for Matthew125

Won't be buying anything fora 20% spread! If it gets back down to 5% then I might think about it.

I think the best course of action is to sit tight. Thought about dumping this last week and to think that I was over 100% up on the last spike. Hey ho. Would like an update on how much cash has been wasted on this venture but market cap can't be far above approximate cash level now, which is actually why I bought in in the first place. However the recent events haven't exactly increased my faith in the managerment. Can't see an awful lot of downside here but also not sure I would want to add with an update on current reserves and plans.

Not selling here.

oh and I bought more today as well!

Yep!

I wouldn't go near any where near Deliveroo shares! :D But I will look them up to see what happened today.
I only have a small position here, back down at break even. Brought the rumour in order to sell the news but the news never came! Now I am bagholding ;P Wasn't impressed by the managerments past decisions but throught any good news would probably give the price a boost. Still hopeful that price will hit my target but if I sell at a lost, then it will be a lesson learnt, it is better to buy a good company for a fair price than a bad company at a good price!

brick=build* ;)

My only disappointment is that I didn't have enough money to brick a bigger position here. When I start buying 3 months ago, I thought that I would have a year or so to drip feed into it before it popped! And boy has it popped! Not sold any, just happy to be along for the ride!

Plus a hold above the 24p price support level

I am still in here and still up about 20%, not that that sort of number means anything in a micro cap! Had a 4p minimum target in mind when I bought and thought it could pop on some positive news. It did but not as high as 4p so here I still am! When I reasearched the company a red flag for me was how much money they had spend on projects which went nowhere, although a positive from this is the protential tax off-set. The main positive was no real liabilities and cash on books = market cap. The longer we hear nothing the bigger problem cash burn will be but I am sitting tight for now and I only have punt money in here.

I bought at 10p!

This company are experts in releasing RNSs that downplay any positive news! ;D In the long run, I expect this level headedness to yeild positive result. No fly by night boys here ;)

@CSDI1962 Yep, I was buying this early 2018. Always easy to say with hindsight but I should have sold a bit over £10, I toyed with the idea but this has been such a div. cash cow I couldn't bring myself to sell any! As I say, I bought for the long term and didn't have any targets in mind at the time. I am a bit more active nowadays!

£800-900 odd million of debt. Yeah, I would say that there is some debt here. Upside is that there is some clear assets here and the share is pretty much priced for bankruptcy!

Sub 800 price is possible. Company has a lot of debt so raising yeilds is flagged an issue here. However short-mid term I don't think this will continue and there is strong chart support in the low 700s. 900+ definitely a good short term target if you are looking to trade short term. I see about a 6-7% downside risk and up to 20% upside from this level. I hold for div's, sort of prox. bank account, althought the debt level is a risk. Been eyeing the chart for a possible trade for a while now, sub 800 or as low as 750, I would take a bite of that. (average price of current holdings is 745)

@ antharry - LOL, It could always gap over 68p! ;P

@Newboy58 - I think the long term potential of this one is far above EMH. But I understand the short term FOMO in the prices, we all think we could have traded the short term price movements better! ;D

10% up this morning, now midday and 6% down. I don't know what to think about this one.

I've been adding. This share price drift is a gift, as far as I am concerned. If we get to the new tax year and BCN is still under 40 (or low 40s) I will be adding a lot more! Not without risks but once the construction plan becomes clear this will start to re-rate.

Big drop today, when is this good news due?