Member Info for mbingo

A couple of big buys today - one at £67k and one at £49k. Interest picking up

So KIng Arthur, what are your targets at round 12? 120 - 130p? Round 12 is of course next Monday...

Looks like it wants to go on a run....

Someone's loading up after that nonsense drop this morning!

Thanks, I was hoping to see the complete short position if possible. Nice buy at 87.75 there.

Good to see some northwards momentum on the share price. Can someone post an accessible link to view total short position?Believe Someone mentioned euroclear but I couldn't track. 16% short a couple of weeks back. Thanks

It's not that much compared to their order book. They've allocated /paid close to £200m for their EFW liabilities, which they won't need to do in the future once settled. Plenty more cost savings to be realised. They have significant headroom now to effect the business plan. It's the operating margin that needs to improve on the £3.6Bn annual revenue. Current share price reflects a distressed business. I can understand this, but once final details of the restructuring put forward with annual report, I expect the share price to reflect forward looking position.

I think that he's joking... or trying to cause confusion etc I am very confident that the business is well set for growth. So much that they can still do to reduce costs and improve margins. So much of their forward looking revenue is accounted for that this removes a lot of the risk. Energy for Waste business has clearly been a disaster, but the damage has been considered and business closed. A clear buy for me. 80p is v cheap! Those 16% shorts will look to close soon enough and this should create serious momentum. It only requires some positive forward looking statements in the financials or more contract wins to add to their Jan/Feb contract wins to turn the tide.

They have £2Bn of assets. I'm looking forward to the "fit for growth" update, due with the 2017 financials. Gross revenue of £3.7Bn. Cost cutting made in early part of 2017 and additional savings. From Jan 10th RNS: "Management are confident that the cost savings and management actions identified will contribute at least £40-50m to Group operating profit by 2020, with the in-year impact in 2018 estimated to be £15m. As a result of the 'Fit for Growth' initiatives, the Group's operating profit for 2018 is now expected to be ahead of current market expectations. A full update on the programme will be provided as part of the 2017 annual results presentation." If they can increase margins a little, will have a big impact on profits. £120m market cap ridiculous now funding certainty.

Well, that's a hell of a lot to buy back.

Suddenly 4-5% up...

15% short - wow. Thought that it was more like 5-6%. More buying now - bit of jump. Won't take much for sentiment to recover.

What are you talking about? This is a recovery story guided a very competent new board, supported by creditors. Bad news is accounted for. Some restructuring and selling of non core assets to bring costs down further. One less competitor in the market will allow them to increase earnings. This is still priced to fail, but it's not going to!

Totally unreasonable drop this week puts us back where we were before any certainty that the company was going to continue as a going concern. Laundry list has been aired and the financing deal has been agreed, the plan approved. Confidence should be restored here.

We will get the annual report before end of April - should be this week. The refinancing has been agreed. Confidence in the board and direction is clear. Price drop is a Short term game. This will clearly bounce higher.

Are we expecting annual report to be released on Friday 30th (per last year). Hopefully, will get more details on financing with some forward looking statements then.

Looks to have bottomed at these levels, with 6% shorts still to close. All bad news considered. Positive news to come.

Not right now. We'll see.

This was trading here a week ago when there was no certainty of funding. Now tied up in a better than expected deal, should be trading in the 120-150 range in my view.

Was that £1.17m sell at 103 actually a sell? Supppse a TR1 will be issued anyway ...