Member Info for Monty888

Where did your “IceCool” BB name come from? “Petulant Fool” would be way more apt in reading your posts.

Note all the late bid trades and grey market traded. We will see a nice rise tomorrow for sure.

Counter bids coming in against Pfizer for Metsera on Bloomberg just now. Looks like an even higher price coming in now it’s a bidding war.

With a NAV/PS of 100p and a bigger enterprise value to an asset stripper I’m

surprised we haven’t been a bid target by now at current 40% discount to nav.

Place a big short on THG immediately, any other advice requests bnk1y ?

Stanley was asked but all he could say was “Alas poor Yorek I knew him well” ….

Agree, Fevertree been £12 at 3 time gaps in its charts. It’s more profitable now than when it was £12 / share. So this looks like a good take out price for MCB to pay, it’s also at a biggest enough premium above recent SP to get BOD and shareholders support as well. Watch this space eh…….

All sounds good James, but facts are they paying high costs in borrowings, leases to MM and Ingenuity. Until they generate net profits it’s the same 40p to 50p story and a history of over promising and under delivering, they have alway brought business and focussed on revenue growth at the cost of low margins and further indebtedness with some funny financial engineering on equity loans with a total distrust of the whole non independent BOD. (All are MM cronies). Let’s see the results and read carefully the profit / losses after tax. Cash is king and it ain’t surfacing out of THG at all thus far. All this MM talk of profits, cash and dividends hasn’t come to fruition nor will it unless it’s a token tiny percentage out of borrowings which is t smart unless in a decent net cash position. I’m in deep and long with THG but wish I’d never gone near it, it’s lying BOD and jam tomorrow never arriving BS.

Fully agree senator. For simple investing I like Charlie Mungers perspective. Everytime you se EBITDA transfer the words BS earnings. Net profit / retained earnings are genuine and real and balance sheet net cash - Any company with those will do better over the longer term which is Berkshire Hathaway is what it is.

Does anyone know if the BOD can delay the accounts passed the takeover date by Sidara. So effectively Sidara could be buying Wood for a song, the accounts and revenue recognition etc might not be that bad and the true value (market cap) might be for example fair value at 80p. However if the accounts are released ahead of the takeover drop dead date it becomes a 30p deal done. No one will come in and make a blind offer. Or is it illegal to allow a T/O when accounts are late and the FCA warning parties this is illegal and won’t be tolerated. Forgive me if this is already posted as such, not had time to trawl through the many BB’s - GLA who are / were invested.

I think that also Rogue, I suspect those provisions are on the frothy side. Anyway on e capitalised and cleared blue skies ahead. Revenue down but that’s normal with WJG it’s a lumpy revenue models on large deals. The key is the cash on hand is healthy as the provision reduces (Cash is king as W Buffet always said.

Jed, Your logic is illogical, if everyone knows ITV is worth 80p to 100p. There wouldn’t be off market trading below 70p. The seller is needing to discount and that price will be designed to make say a 10% to 20% return in say 12 months. But today it’s the reality of the buyer and the seller and all their experts which are way smarter than anyone on this BB. I think ITV a weak buy at under 70p today. In 6 months time a different story, might be 60p might be 80p…GLA.

We know since year from the TU we are now £80M net cash. At current SP x shares in issues our market cap is £80M. So for the intrinsic value of the business to be worth nothing tells us the SP is probably about 25% too low on fair value basis. I wonder how long before the market wakes up to this a revalues WJG aside my previous post.

It looks like the thing that caused the drop, namely the cladding provisions are left higher than they need to be reading between the lines. Once these are cleared away or become a minimal less than say £5M there should be a very nice (safe to come into the WJG waters) SP uplift back towards its all time high and also at that point they will likely start paying dividends again or do a share buy back for cancellation. Definitely all heading in the right direction now and Pease meets or exceeds all his forecasts which is a refreshing change from the old CEO.

It’s a pointless store really, a lot of old tack or some cheaper sweets and things but older sell by dates that the big stores if you look carefully. I think the big stores have got their number alongside most smart observant public as well. Might get a dead cat bounce but hard to see anything else but further shrinkage. Clearly they are desperately playing with revenue recognition to try to shields the shrinkage as much as possible but it’s illegal

and auditors are on to them & CFO’s gone as a result.

This is where stupid gamblers get burned by market makers Nick. The 17% buy / sell spread means if you buy and the share price goes up 34% you lose money (dealing fees). So no don’t fill your boots it’s MM’s games.

After Pease kitchen sinking and the cladding £90M + reducing at speed, also being offset by our own cladding upgrades for others division and recent deals coming to fruition. It looks like our SP is lagging where we are today, especially noting the cash on hand also. It would likely take 2 to 5 years but could we be on the way now towards the 250p + we traded at less than 5 years ago. What do people think?

The products don’t work, no repeat customers (it’s obvious is it not). Did Viagra need 10 years to generate a profit?

I think they will be delisting soon, they cannot afford the listing fees without another heavily discounted rights issues I suspect.

It’s hard to value at 260p, trailing p/e around 60 is very high. So needs a big judo in profits to get it sensible. The buybacks for cancellation help but I think NCC similar segment is way better value right now. What do folks think when comparing the two companies?

Nasty £30m loss, high interest on debts. Atleast that crook Stapleton has gone after destroying share holder value and doing stupid non accretive deals.