Member Info for MaverickD

You guys need to be aware of what the market cap is. I have a smaller holding, but the truth is this rally and volume will fall off and the sp will go. Forget the sp look at the market cap.

This is my point.
I think come the end of the day we will be sitting the right side of 30p and then the SP will move according to the update tomorrow.

£1.20 open?

I think what investors need to understand is the sp destruction irrespective of the business model across the board and what we are seeing now is that SP are now going back up to an appropriate valuation, considering the wider macro economic picture.

Yes SIG were impacted, as were other players in the sector, however building is a core requirement in the world we live and as the global industry has restarted over the last 4 weeks we have had normality return.

To offset the costs incurred, we have benefited from the furlough scheme, which I think has helped to the tune of £4m. In addition we will have reductions on business rates and other subsidies.

Fair value here is around 50p, hence the buying.

Newbie your name for a reason - market cap of 4-5 billion? Look at the shares in issue before making statements like that. AML has had a fantastic run, but at some point the gaps around 35-40p will be filled. Enjoy the move up I think there will be one early doors and then the MMs will have their fun with it.

Yes so game one - less to worry about as CNOOC could have asked for 25% of TLWs stake as it too was a 25% partner like Total - clarity so perhaps now TLW can get moving again. It should be in the 30's already! Brent at $34 and I expect a leg up leading to EIA data.

Next leg up tomorrow, only one day before the result and I think there will be a few big buyers out in force.

Will continue to move up as any weak sellers are taken out to fill the larger buy orders. Looks set for a nice move upwards - tested £1.25 today and expect it to break through this tomorrow. Then the next point will be how it overcomes £1.42 on the way back to £2+

Soaked up a few weak sellers and filled that 200k buy.
Where is the holdings RNS disclosing who is buying? Think about that!

Oil has dropped off - Eia data tomorrow, totally forgot it was a bank hol!
I have added more

Mithaq Capital have been adding quite aggressively

Errrrm I think we will probably be advised that IKO have jumped up their stake - my view

I am thinking pre-results.
MMs have tried holding this down, as the buys have consistently soaked up any sells. I think there is something going on in the background and now we have a trend change in place and an update due in 36 hours.

Looks like MMs are trying to catch a few shares, should see a strong finish here, building nicely for Friday. Potential for us to be over 30p before then - resistance around 32p, so on the cusp of that pre results would be nice.

To me this looks like it is approaching a point where it will breakout - Mithaq Capital have been aggressively adding and the volume is increasing. One of those stocks that could move very quickly due to the free float in circulation.

I do believe so and the volume suggests that it is only a matter of time until we see a strong rebound. Hopefully EIA data gives this a helping hand in a few hours time.

Is your friend - British Bulls have this as a buy. The markets are picking up - aviation doing well, expect builder to follow this bull run too.

The TUI effect would be nice, but with lockdowns lifting and air travel back on the agenda see a nice re-rating coming.

Time to load up here with the aviation sector on the up we look braced for a V shaped recovery. I would re-evaluate once we are over £2! bargain at these rates

Haha that's funny - thing is they have not been at home. Operations re-started in April and 2000 of their workforce are temporarily off the books, hence why the cash in bank position has improved. Operations now are all fully restored and it would be good to see if Covid actually impacted the business as bad as some feared - I am not so sure. Yes disruption, but enough to warrant the market cap to reduce by 2/3rds - that I am not so sure about.

The sellers of the stock are well documented, but who has be taking the slack and buying the stock? Why is there no holdings RNS? What is IKO's notifiable position? All will be revealed I would imagine on Thursday......ermmm I mean Friday (29/5) now lol