Member Info for Metamorphosis84

Very interesting SP behaviour, it does look as though what I wrote about last night (the pattern between 7th March and 9th March) could be happening again here.

Thank you for the info Max. Trading either way is now a gamble on whether H1 results are good, or bad.

The current valuation is insanely low, the company is undervalued? Ok so if that were the case, hands up everyone who wants to buy IRV shares for 200 each?

Looking back in March, the SP behaved in a similar way to now. It drifted down for a while. On the 7th March it closed at 56.90. On 9th March it opened at 81.10. There didn't appear to be any particular reason for this to happen, no news and quite a few weeks prior to the refinancing announcement. If it had gone up and maintained there would have been some sense in this but after the late April spike it retraced back.
It will be interesting to see what happens next considering that previous support level. A similar spike could be possible, but with the lack of trading information enabling a more informed decision and with most recent balance sheet being out of date, it seems difficult to see what impetus there is for investment here.
It does also look as though over the last few weeks the SP has often opened a couple of pence higher than it closed before dropping during the day. I do wonder if this will happen tommorrow, and if the SP will start off in the 60s.

I am sure there will be no shortage of reassuring words here, there are plenty who haven't done with being consistently wrong about SP direction yet.

Does look like it will slip under 60 Demps, possibly today, not looking good.

There are many who have been saying the same things for the last 6 months. Some have got it right.

Latest from Investomania. Well worth a read. https://investomania.co.uk/2018/07/5-shares-to-avoid-itv-plc-sse-plc-interserve-plc-centrica-plc-and-petrofac-limited/ "Interserve continues to have an uncertain future in my view. Its EPS is expected to fall by 50% in the current year, and this could cause investor sentiment to come under pressure. Although a return to positive EPS growth is forecast for next year, I think the operating conditions for the company remain tough. As a result, Interserve is a stock I’m just happy to watch at the moment."

6. It criticised the Treasury for being unable to produce evidence about the value of the PFI approach, despite having 30 years of data on such project. As a result it called on the government not to approve any more PFI projects until it could "justify" claims about the benefits.

We need stability over Brexit, says Mothercare BBC Mothercare is a major exporter - it has 1,100 shops across 50 countries so what does chief executive Mark Newton-Jones think about Brexit Secretary David Davis' resignation? He says: "We all need stability, to plan you need stability. At the moment we don't seem to have that, particularly after last night's announcement, it is more uncertainty and I don't think it matters whether you're in government or in business, you need clarity and that can give you a clear direction. "At the moment, clearly we're drifting a little so the sooner we have affirmation of what the future looks like, the better." Blaming brexit- pathetic.

Not interested.

Next step up is difficult to calculate as price is ahead of moving average. But I would suggest more movement upwards. I was right a few weeks ago about the inability to break 188 and the subsequent fall back to 183. I was right about Wednesday retesting 188. For all those that drivel on about geo politics not mattering, thinking of VOD as some sort of magical share unaffected by the ftse in general (i was accused of "garbage analysis") well, l we shall see. There is a feel good factor which I believe will extend to the markets on Monday, even if it is short lived.

Is that the 42 day payment terms or 30? According to construction news there appears to be some confusion there: https://www.constructionnews.co.uk/companies/contractors/interserve/interserve-boss-grilled-by-mps-5-things-we-learned/10032102.article "Interserve claims to be a 30-day payer Treatment of suppliers has been thrust into the spotlight since Carillion’s collapse, with questions about the subject being raised regularly in parliament. PAC member Sir Geoffrey Clifton-Brown asked Ms White what Interserve’s average duration to pay its suppliers was. “This is an interesting one for Interserve,” Ms White said. “When I joined Interserve, the company’s supplier terms were a little bit disbursed, if I can use that term, and in October we decided to aim to pay all of our suppliers on 30-day terms, which is what we have signed up to do.” Ms White said the company’s prompt payment practices and supply chain relationships helped it through its recent refinancing period. Sir Geoffrey went on to ask what percentage of contracts Interserve was paying beyond 30 days. “I cannot give you the exact figure, I would say it’s very small,” Ms White replied. “We are paying absolutely on 30 days.” Last month, however, Interserve construction managing director Gordon Kew told Construction News the construction business had extended its payment terms from 30 to 42 days in 2017. Interserve has been contacted for comment."

Congratulations for the contract win. Can we have a trading report now please?

Aah lovely jubbly 188 tested as I expected last night. Now lets not get ahead of ourselves, no USA market today (yeah yeah I know, VOD is one of those magic shares that isnt affected y the ftse or global affairs etc) so lets see if this will consolidate tomorrow or slip back.

This is like the share that nobody wants, 50 trades today not exactly encouraging

A good day today. Lets see if 188 can be tested in the morning. I have a feeling and it is just a feeling that sentiment in the markets will be good tomorrow.

Still getting little support from the experts https://investomania.co.uk/2018/07/5-of-the-best-buys-for-the-summer-rbs-plc-next-plc-royal-mail-plc-interserve-plc-and-taylor-wimpey-plc/ "Interserve’s share price performance could be volatile over the coming quarters. The company continues to have what I consider to be a relatively weak balance sheet. And with confidence in its industry being less strong than I would like, I think it could struggle to deliver high returns. Of course, the Interserve share price does appear to be cheap. Moreover, I think its strategy of cutting costs could work in the long run. But in the near term, I’d rather watch it than buy it."

Hi Demps, I do unfortunately think that you have made a bad investment here and that the warning signs were all there. I also believe that the SP spiked on announcement of refinancing to 113, because many people read only the headlines. When the reality emerged, that refinancing has increased the overall debt burden, sentiment changed and it has fallen gradually since. The uncertainty over Efw and the FCA investigation have obviously not helped. There have been SPs expectations on this board of 120, 150, 200 and more, first after refinancing, then after 2017 results, then the ever moving goalposts were changed to the AGM, which again brought nothing. Now I see the goalposts have been moved to the HY results. Well I suppose we shall see. Not that long ago a takeover was being mooted? Ultimately I would be looking to the Efw and FCA outcomes to determine the future direction of this share.

Nice to see you back after a short absence. Same old same old, wrong as ever, time to top up/shorters are closing out/heading towards 80 and so on. Normal service is resumed!