Member Info for MattTheBrave

Oh no Brad!! By my reckoning, you own about 24,000 shares currently, for which you paid around £38k, and which are now worth about £1k!!! You have managed to pi55 away £37k of your children's inheritance. And, this is not the full extent of your loss, as the shares you sold at £2.71 were presumably also in loss??!!

FFS man, has this not been a lesson to you?? Are you really considering putting more money in!!?? It certainly explains why you're so touchy about any views that are not uncompromisingly positive, but for your own sake (and those of your family), stop this madness now, lest you become the gibbering wreck that is GCCRa!!

Brad, ever heard of the phrase 'good money after bad'? Yes? Ok, big question now: did you actually understand what it meant? Be honest now, no-one will laugh, we're all friends her after all.........;-)

It's a done deal I think. Management and major institutional shareholders all on board by the looks of it.

Obviously nice to get a quick gain on a large holding that I've been building up over time, but also a bit miffed to some extent as I believed the stock was worth 90p to £1. Ah well, I guess I can live with it...;-))

No fretting from me - just another opportunity to buy in to a great stock on the cheap again! Your post is reported for refusal (or most likely inability) to substantiate your 'rumour'. And it's not 'my way' of saying it, it's the correct way. Perhaps English isn't your first language..?

Paul - I largely agree (see my post from Monday). However, the hit is actually larger than 10m when counting the FX, so I'm thinking of an EPS c85p. your point about the balance sheet is well made - people have to remember that this Firm has no debt or pension obligations like many. Seems like a good risk/return opportunity at this level.

Ha, yes, not quite sure where I found that extra 3 from! Well done HITs - I'm sure your indepth knowledge of the satellite and telcomms market have made you a hit on every date you've been on. :-)

Sure, why not
8+3=11
11x75=825
825+50=875
2x3x3=18
875-18=857.

Do I win a prize?

...that this is a SDRY , not a BREXIT board, but has anyone noticed that despite the fact that leavers won the referendum, they still remain extremely angry and sensitive about the whole issue, moreso than the remainers it seems.....;-)

Davey - not quite the calm, thoughtful, and friendly chap I've conversed with on the HCM board for 5 years. Someone stolen your login details perhaps......;-)

Tip for Brad - just don't type.

Yep, poor statement, and I guess the recent share price direction over recent weeks was hinting at this, but putting emotion/disappointment aside, where does this leave us? The Company is talking about an £18m hit this year relative to their forecasts. Leaving aside the weather, £8m due to FX, which is clearly an error by someone, but also a one-off. Any way, profit last year was £97m, and expectations were for 10% growth this year. Taking account of the hit, I think £85m should definitely be achievable, which is EPS of 80p. So stock now on 10x this years' depressed earnings. Next year, the comparison should be very favourable given no FX charge, plus (on the balance of probability) colder weather. For me, that's attractive. Clearly risk here, and the fall over the last 6 months is painful, but a strong buy here for the next 18 months in my view.

When a company has excess cash flow (over and above capital maintenance and growth needs), they can either pay it back to owners (ie SHs) in higher dividends or use it to buy back shares which are then cancelled (so increasing EPS). I would much prefer them to do this than simply reinvest the money wherever they can, potentially diluting returns. Share buybacks can be more tax efficient, and unlike dividends, don't generally act as an 'anchoring point' - ie stopping Share BB programs has little effect, whereas cutting divvys does! From a personal perspective, my marginal tax rate is much higher on income than on capital gains, so I much prefer the BB option!

AAS - why don't you like share buybacks?

...of course the other way of reading this is : cash strapped satellite firm forced to cut prices by more than 60% in a desperate attempt to increase utilization levels'........

HITs - They won't be happy, but then again, they had little choice. It was either keep the Company afloat and hope the cash flows will come through in time, or foreclose, and hope try and recoup as much as possible through asset sales. Clearly they didn't think the asset sale approach was going to allow them to recover too much......

Sure there will. And mobile phones/tablets as well. Doesn't mean investors will be prepared to pay the same price for the stream of cashflows they produce. Longest bull market ever coming to an end methinks.

Index shorts with IG are at least providing me with some protection. I fear that there is further to go though!

..seriously, this is massively oversold now. The ESMA rulings, whilst hurting revenue short term, will ultimately guarantee that the big players win, and there will now be significant consolidation in the industry. The recent market volatility will help bring the punters back, whilst falls over the last week just reflect the falling market, not IG-specific. Sentiment is a strange thing, so one cannot discount further falls, but with this amount of bad news in the price, I believe you will make a very healthy return on an 18 month view if you buy now. At that point Sis and her emotive and naïve posts will have disappeared like so much smoke in the wind, and holders who were brave enough to invest at these levels will have made some decent money - all IMO of course

Poor old Brad - lost all his savings, and now reduced to petty name calling, ironically aimed at people who have applied proper critical thought and been rightly cynical on this share. I do indeed post on many boards as I have a diversified portfolio, and happy to debate with other investors - what do you think these Boards are for? I'm also glad you brought up my posting history as you'll note that I hold the vast majority of stocks I post on and am positive, which debunks your ridiculous paid de-ramper comments. Difficult for you to understand I know, but I've been investing for many years (both professionally, and on my own account), and hence I do actually understand this stuff.