Member Info for miti1000

Reality is they failed to raise guidance or beat expectations when they should have been flying. They have had a good run and should now drift back to low 40's .Sold all mine yesterday.
IanB, your comparisons on PE with boohoo or asos are embarrassing .BWNG have got here by a massive cost cutting and that's mainly done now.

Worth looking at VERY's results yesterday which bode very well for BWNG imo. Probably explains the sharp rise here .I'd imagine the Home Essentials division is flying. Clearly rerating going here on top of that for ecommerce retailers with results coming in so strong.
Hopefully will get a trading statemnt with the AGM at 13/9......that should raise forecasts one would hope.

Your valuation figures seem great but you are surely totally ignoring the 512million pounds loan which will need repaying at some point in a few years or refinancing. Also an 80% reduction in a marketing costs will lead to a much more severe hit to profits imo.
I'm fully expecting a rights issue here shortly.They will need the money to shore up their balance sheet.
Happy to be contradicted as I've only had a cursory look.

Gentle and sain,

Well called, spot on...I got this well and truely wrong.Annoyingly, left before the day of LSL/Cwd merger talks so missed chance of flogging into that as it fell.
Sadly , was abroad on holiday for past few weeks so only sold today for a stonking 146k loss .Still well up for the tax year but profits are dwindling fast.
Good call from both of you. I'm humbled.
Good Luck.

Well , glad for you that you weren't long as its been painful for the many.I hope you shorted it.
As per your amended facility conditions. Yes, of course , I am aware of it. But since it was signed, we've had the election and the outlook for the economy and housing in general has picked up. Moreover , cwd should benefit greatly from the Budget so why on the earth did you insist the banks wont be supportive of CWD. Its certainly not the worst possible situation as you point out. So no, sorry, I don't agree with you.

excuse my typos!!

sain@vision,
No one can dispute that cwd has been a very poorly run company as witnessed by its share price. You have obviously been hammered along the way. That I do understand. The point is CWD , is to my mind, is an interesting recovery play.Yes it could obviously go either way as the finances are tight .
As for the LSH sale....you moaned about the seliing it off and you now you moan that aren't able to sell it. Make up your mind, man !! As another poster remarked , there should be a sizeable deposit to be forfeited as it seems the buyer has been unable to raise the money so far rather than him wanting to pull out. So I dont see the problem other than short term blip if the buyer pulls out. juding , by the price action, since monday, it seems the deal might be back on. Who knows. I'm more imterested to see the trading statement to see if they are seeing a pick up.From this lowly level, I'm happy to take my chances and bet it will be good.

And yes, the LSH sale could fall through and cwd could possible need money at some point but in a rising market for property sales, the banks will look favourably at CWD and help them out as will institutional investors. This is no basket case as far as I'm concerned. Its a good recovery play and any pick up in trading when they release results or have a trading statement will be a huge guide to the operating leverage that CWD has. Are you 2 monkeys to blind to see that ? Does it not occur to why CWD has rising over 50%in the past 6 months ? Perhaps, you are both stale bears who have got burnt here on CWD in the past. Too bad if so, it doesnt reflect on the current situation.
Now, toodle pip , I'm busy trading lloyds.

GentleUncle20, Sain@vision,
As usual , I have the last laugh.What was the price when I posted on Monday about 302 !!Here we are at 343 . Point with bears like you is you ignore that CWD has scale and its in an industry where the stock market likes the sector. If you look at the last t's , it was fine and pointed to an improving outlook.Since then , we had the election and pointers are good for house sales.
Now, you can keep bleating on how poor the sector is but there's only so much rubbish I'm prepared to listen to.
As for you insulting me for my investment prowess or lack of knowledge, if you go thru my history on the LSE, you will see I posted on HCM board for over 3 years and made 7 figures so I hope you as good but I somehow doubt it.. Now , go screw yourselves and see you above at well above 4 quid over the next 18months which will represent another stonking return for me.

Deary me, why are you comparing RMV to CWD ? Their business models are totally different. that's why its nonsense. Each to their own.
Let 'see how the next 18 months pan out to see who is right. I'm long CWD.

GentlestUncle.... you really do talk a lot of tripe .Are you related to that perennial bear, Sain @vision ? your nonsense about RMV posing a problem for CWD is naive.
Even if the sale doesn't go thru , its not terminal. Pointers are there that estate agents are starting to mend, witness, LSL And Foxt. The banks will be supportive ...short term pain in absence of sale but if the sale goes through, there 's no reason not to see a return to 4 quid in the short term .
I'd imagine when they release their trading statement or results shortly, the outlook will be very positive , more so than anytime in the past few years.

sankeys....you are in cloud cuckoo land if you think savp have paid off that 5miilion debt. Then again , you are probably in shock the share price is trading at less than 17p.

happysparrow, yes that's the theory .So why wasn't the $5million paid off just now to replace a facility which decimates the share price ? SAVP are a long way off being cash rich imo. Hopefully by 2021 if everything goes to plan but thats a big if imo. That's why the share price has languished for so long.

I'm certainly no genius and have lost on SAVP overall but I'll give you my views fwiw.

If you forget all the hype spouted by others on here , brokers and AK, the reality has been SAVP has been cash strapped over the past few years and loaded with bondholders who have had their shares converted to equity and have just dumped the shares. This is the sole consideration which we , as shareholders , have overlooked.
Going forward , If you ignore the hype of potential cashflows , right now savp just does not have enough cash to even repay the 5 million loan without diluting the shares further. They don't have the funds to develop Niger. These are plain facts and why the shares are languishing at 17p. AK takes his huge salary in the meantime and shareholders get royally screwed.
As for brokers, they are just sharks who roll out the same story as the company whilst totally ignoring the facts about cashflow.
Until, the actual cashflows from the Seven deal , materialise in the balance sheet , its hard to see much progress in the share price . Any cash flow this year will get eaten up in costs and fees and development costs so 2020 is a write off imo. I can see SAVP raising money this year, unless they can get a farm in for Niger, but in all honesty , I don't think that anyone will farm into Niger at this stage when all they have done is drill successful wells which were all low lying fruit.
Personally , I'm not buying at 17p .I'd prefer to take the risk it will drift lower or wait till they raise some capital which of course will be at the expense of shareholders.
The lessons I've learnt through SAVP for the future and investing in any other small oil or mining stocks....forget the hype and follow the cash .Moreover , if there are bondholders holding equity, just stay well away from investing in the equity or sell any spikes. As an example, I've traded and invested in hur very well over the past year using such parameters.

Well Olderandwiser and others, seems I was right about my 17p forecast on SAVP after the Seven acquisition. Nuff said.

Sounds like the bid was not high enough based on Clipper's statement...there no chance SUN Capital were getting it on the cheap. Trading looks pretty strong.

Well, I got that well and truely wrong!!

Well, I will have to disagree with that . Almost 50% in hands of Parkin and other directors who have got ****ed off with the low valuation. Since they prolonged the talks another month it suggest they aren't far away from getting an agreed bid so I'm expecting one today at anywhere between 310-340p. Not long to wait unless, they extend them again.

RogueRiver ,
Prior to the bid , CLG was trading at 240....well below highs of 400p. If there had been no bid for CLG and with the Conservatives winning the election , CLG would likely be trading at around 270p at least imo. I n that respect, any bid around 300p is ridiculous cheap and as you say, many institutions paid well over 3 quid. I'd be surprised if any bid came in below 320p and I think are fair price would most likely be 340p. Anything below those figures will likely be rejected or induce other private equities to bid . I think CLG is a strong buy at these levels with downside limited to 270 and possible upside to 340p. Needless to say, I'm buying at current levels.

Can't see much of a dip myself. Greggs have a trading statement on the 8th January . there must be a very chance of them raising guidance once again with all the longer hour openings at a strong time of the year. I'm hoping it can get closer to 25 quid.