Member Info for MattTheBrave

If you got in at 2p the bully for you - all I'm commenting on is what the price does from here. I don't believe technical signals have any value for a binary stock like this one. By definition the past is now irrelevant, only how they deal with and try and survive their current situation. I disagree with your 'large buyer argument' - stock is illiquid and frankly akin to casino gambling. Even a modest buyer can push the stock up and down a long way, whilst there's lot's of gamblers prepared to 'punt' on a stock at this price - it certainly doesn't men they have any better idea what's going to happen than you or I. I don't but stocks unless I can see a fundamental reason why the business will not be a success longer term, which includes staying solvent - not enough visibility for me here. Good luck to you, but I do hope you haven't bet more money here than you can afford to lose.

Trump infrastructure spend was never the central story for Ashtead, just the cherry on the top. the Ashtead story remains intact with or without the oaf with the orange hair.

...and good to see. Those of us who topped up in the 1xxs can feel well satisfied. £3 by year end feels realistic to me.

...but this stock has become a major holding for me here, and I'm taking some profits and recycling into Glaxo and Astra which have been weakish lately. Will still retain most of my holding here though.

Chartist - Re your (quite extraordinary) post from Thursday evening - I'm guessing that either English isn't your first language, or you're 17 years of age. Either way, it's clear that you don't know the first thing about fundamental investing, and I'm not particularly convinced about your TA skills either). I realize that you are probably beyond help here, but with £12m in debt, even if they got £15m for the PBS asset (which I doubt), that would only leave £3m for shareholders after the debt has been repaid which is less than 2p per share. However, as they are now panic selling the firm, it is doubtful that they will even get this much. The Company is now being run for the banks, not the shareholders, and all they're worried about is getting the loan paid back. If you don't believe me, I suggest you get the 2016 R&A and read the interim chairman's report - it's clear the mess they're in. You're welcome by the way.

Thanks for checking in Hots - Hope things are bearable at least, and look forward to hearing back from you in due course.

Clearly fired, and rightly so - he has presided over shareholder destruction on a massive scale . First rat to leave the sinking ship? Time will tell.

Chartist - some homework for you - how much debt does the Company have. that will tell you how much of the £15m would be left over for shareholders once the debt holders have been paid off. Once you've done that, we can then discuss how likely a forced/panic seller (like PBS is at this moment in time) is to get a market price (answer - not very) and hence whether even the £14.9m is likely.. Then let's look at the current market cap and work out just how 'cheap' this stock is.

Exactly Mike. Chartist, I say it because it's true- so what if it doubled in a week - over the last year, it's down 90%. You obviously spend all your time looking at graphs, so let me explain something about fundamentals. I said IF someone buys it you might get something like 8p. I would ascribe maybe a 25% chance of this, so 75% chance it goes to zero - which gives you a weighted average price target of 2p. So, not for me, and that's why I sold at 9p. If it get's back to 2p, then maybe. I wish you luck, but this a coin toss without the benefit of a 50/50 call IMV

Davy - FYI - it doesn't matter whether you buy the ADR or £ quote. it's the same underlying assets/Company/revenues whilst the ADR and London quote will be inextricably linked (given the fixed formula of 2 ADRs to one UK share). Put another way, it's the underlying currencies that t Company is exposed to which counts, not the currency in which you buy the shares.

...is effectively bust. Great software Company completely overburdened by debt run up by the last management, a bunch of idiots and/or crooks. Two ways this goes - they do find a buyer (but they've been looking for a few months now), or the suitors sit back and wait to buy the asset debt free and on the cheap from the liquidator. in the former case, you might get a premium from here, but forget your 20p's - that's pure fiction IMV - maybe 8p if you're lucky. If no-one comes in, then this stock will be worth precisely zero - the debt holders will get any proceeds to pay back what they're owed. You have been warned.

Yep, and today it's over £40. However, the ADR closed at an equivalent price of £41.50!!

...at $26.10 suggesting a price above £40 for the UK quote. As I said before, lovely stuff!

Just to clarify, the £15k was from selling and buying back a portion of my holding, not all of it. Having been fortunate enough to build my original position below £5, well, profit not 7 figures, but it is 6.I'm not greedy though, so locking some of this in from time to time makes sense. None of us can actually predict what the next drugs trial will show. If they happen to get some disappointing data for a change, what to do you think might happen to the stock price then....?

Well Miti - sorry to see you've reverted to your more aggressive style again - it was only a joke after all. However , I also believe you are misremembering exactly what happened - I sold out between £24 and £26 and bought back in again below £18. That save me/made me about £15k. Peanuts to you maybe, but I'm very happy with it. if I see an opportunity to do it again, I will. Sorry if that offends you (for some reason...?)

....lovely stuff. Profit taking at £40 anyone......;-)

Thanks Riv. Thing I don't get is why the constant currency numbers are better than the actual. Given the overseas business, the weakness in Sterling versus last years' comparator should be a positive which suggests actual would be better than constant currency. the CC numbers look about what I expected, but thought the actuals would be much better. I'm confused.....

Thanks Riv. Thing I don't get is why the constant currency numbers are better than the actual. Given the overseas business, the weakness in Sterling versus last years' comparator should be a positive which suggests actual would be better than constant currency. the CC numbers look about what I expected, but thought tyeh actuals would be much better. I'm confused.....

I once suggested to my wife that her shorts were gradually reducing. She said it was to show of her legs after a bout of exercise......;-)) Hold fast on this stock - the best is yet to come methinks!!

Airlines - sometimes you win and sometimes you lose, but over the long-term, highly capital intensive businesses operating in a competitive environment don't tend to result in a good return, but give you plenty of vol. My strategy as a longer term investor is just to stay away from this industry, but accept there will always be trading opps.