Member Info for MattTheBrave

Yes, rather inappropriate posts fro GCC and Whats deleted. They need to be careful or they're going to get banned.... Regarding your post Brad, if that doesn't win 'irrelevant post of the year' I don't know what will - completely off topic. Which Board did you think you were posting on Brad? Why don't you try a Microsoft forum? Unbelievable.

Your posts are always dripping with (misplaced) indignation. You a Daily Mail reader by any chance GCC?

Scorpio - the currency tail wind will continue until June and then fall away in terms of growth rates.

Yep - 250p looks like a sensible target for the end of the year to me. Lot's of good stuff around the management and the underlying business, but even if they get eps back to last years level, 250p is still a PE above 20x which isn't cheap

Looks like the message is getting out there! Could see it through £2 today. Lovely stuff!!

Hopefully not - shorters means there's more latent buying still to be done!

Who said anything about the last week? I am simply saying they trade at 60 cents on the dollar today despite expected 35% to 65% recovery. What point are you trying to make cf?

Great URI figs out after the close last night with increased guidance for the year. Stock up about 4% in the after market. AHT reacting nicely today.

Agreed - pretty straight talking and impressive pair.

Your attitude is cavalier to say the least and betrays little understanding of company financing structures. Actually, some company's do operate with no debt. Of those that do have debt, hardly any ongoing enterprises have debt levels at 50x the value which the market places on the Company's equity like AVN. If you need more evidence, look at where the bonds are priced - 60 cents on the $, with Moody's rating the company deep into junk territory at Ca. This rating and price corresponds to the risk of default over the next 6-12 months being material. Moody's rating is consistent with a recovery in the 35%-65% range at default, yet the bond itself is already trading at 60% of par. This tells you what the bond holders really think about the Company's chances and the probability of default. I realise I'm going to get the usual abuse back from you and others on this, but these are factors which should be understood by any investors here.

I wouldn't worry about that - scant evidence of anyone buying shares at the moment!!

Relatively cheap stock at current growth rate. Looks like it's going back to all-time highs. Nuff said.

Sorry, but that's a ridiculous post Brad. Firstly, SS is entitled to his view as much as you are. If he thinks it's going bust why wouldn't he still say strong sell. Doesn't matter whether the share price is a few pence or £100 - there's still 100% potential downside for any investor when they buy today. Rather than emotively picking on other posters, why don't you outline your own rationale as to why it's a ('very weak') buy. Then we can have a serious debate about the stock rather than other posters.

...I was hoping tis might sneak back towards the £6 mark today so I could add some more, but stock has actually held up well given the 16% rise yesterday!

This is very interesting, and crucial viewing for current shareholders: https://www.youtube.com/watch?v=J3CH33fkMsc&feature=youtu.be) Shows that (a) the problems are largely of NCC's own making, and (b) you have a new management team who completely recognize this, and have a plan to fix it. I think this stock has further upside.

Hi David - I let a few go on Monday at 472p, but see it's almost at 490p this morning. It's a great Company with excellent prospects, but I think this is now very much in the price. I'll be looking at this as a source of funds to invest elsewhere, but will retain a position. I would buy it back again at ~£4 (below 20x earnings).

Hi Optimus. I invest in INVESCO Japanese smaller Company Fund. Returns have been stellar, but obviously currency gains account for quite a lot of that and are unlikely to be replicated in the short term IMO.

Understood, but why would you set a stop-loss that actually means you have to put up more margin (eg first example)!?. Frankly, I can't see this making much difference to the business model, although at the margin (pun intended) this should improve bad debts/write-offs for IG. What it does do for me, is dispel some of the bizarre comments around leverage and margin floating around this Board at the end of last year suggesting you needed to put down £50 for every £1 of exposure! Regarding margins, the Firm is currently investing heavily on attracting new clients, and the 38% points to real success in this area. once these investments begin to wind down, I expect to see margins bounce back strongly, with associated eps gains. I haven't crunched the numbers yet, but I'll come back to you when I do. Finally, 5% running yield still very nice and something to bank on whilst waiting for the capital recovery.

Thanks Dave. Regarding the IG letter, what happens if you don't set a stop-loss? Or do you have to set one?

Well I think we can all agree on one thing - your opinion is indeed irrelevant..... ;-)) Seriously though, we all know that the acquisition strategy has been a failure - that's why the price went fro ~£4 to below £1. That's not new news, is it. the question is whether this Company is broken. IMO, no, and that's why I've been a buyer on the way down!