Member Info for Mulder

A spread of almost 10% (!!)
No doubt a sell off into the close again.

Looks like some big buys have gone through past couple of days. Anyone going to the AGM. Hoping for a return to 4p.

Really not sure what is going on with the finishes here. Tried to buy at the close and was quoted 7.7p. 5 minutes later we have closed at 7.1p. Almost a 10% change in auction? FCA really need to get a grip. Where did 3.3M shares in the UT come from?? Highly rogue.

Any share trading with a P/E<10 is undervalued IMO.
FTSE and DOW average P/E is closer to 20.

P/E closer to 9 here.

So even with the revised guidance shares trading at only 6x earnings. Even historically Debenhams makes almost all its profits in H1. Xmas. Still think new CEO is needed even if Bucher follows through on £20M cost savings.

RSI in the teens now.

Good to see Hikma back at a more reasonable SP. How did it drop to 800p? Once again it proves how rogue and manipulated the UK stock market is. Also how shorts can control the SP.

Make that down 8.1% at 7.23p Bid 7.23p Offer 8.25p Huge spread!

Has closed down (!) >6% at 7.37p Offer price less than the bid price. Crazy manipulation going on here.

BT rallies as Jefferies upgrades stock to 'buy', citing positives of CEO departure “BT's admission of a need for change puts Ofcom under pressure to respond constructively,” Jefferies said. Jefferies raised its rating on BT to ‘buy’ from 'hold' and lifted its target price to 245p from 215p. http://www.proactiveinvestors.co.uk/companies/news/199216/bt-rallies-as-jefferies-upgrades-stock-to-buy-citing-positives-of-ceo-departure-199216.html

Looks like they have been buying.

EPS in H1 alone was 2.8p and pre tax profits of £42M So full year guidance now £35-40M Bucher has led to a loss in H2. Needs sacking like Patterson formerly of BT.

Many believe Ashley has been loaning his holding/shares to the short sellers such as Odey. The collapse in SP 2-3 weeks in advance of this update leads me to strongly suspect they got wind of this news in advance. #another leak

Time for Bucher to go. Under his tenure profits have slumped from £100M to £35M. He is guilty of over-discounting and reducing margins massively. The SP has dived from 90p to 18p. Revenue and total sales are actually flat/low growth. New CEO, new strategy and the SP will bounce. No need for rights issue when company is still paying dividends, still making profits and significant headroom on revolving credit facility.

14:58 - 18/06 Buy 1027461 132.05p £1,356,762.

Aviva PLC (LON:AV.) and RSA Insurance PLC (LON:RSA) topped the FTSE 100 leaderboard on Monday morning after the Sunday Times reported that German giant Allianz is on the prowl for a large UK insurance acquisition. The newspaper said that Allianz chief executive Oliver Bäte is said to have been working with investment bankers for several months on a hit list of possible deals. Alongside the two FTSE 100-listed names, the Sunday Times also reported that Switzerland’s Zurich and Australia’s QBE are also businesses that Bäte is said to be interested in. It said the former McKinsey consultant is keen to spend some of his growing cash pile and is said to have been frustrated at missing out on Bermudan reinsurer XL Group, sold to France’s Axa in March for US$15.3bn (£12bn). Allianz, which operates in 70 countries, has around 85mln customers. http://www.proactiveinvestors.co.uk/LON:RSA/RSA-Insurance-Group/

Oxford St branch very busy on the weekend with a good amount of customers at the tills for mens and womens clothing. Obviously snapshot only. Need to maintain margins also. Can confirm there is a Patisserie on the Ground Floor.

Rumours of Allianz bidding for UK insurance company. Aviva or RSA tipped. Saga surely also a target at this price.

South Africa will give mining companies credit for past black-empowerment deals even when the investors later sold their shares to whites or foreigners, removing a major concern for the industry. The country’s new Mining Charter, which is aimed at distributing South Africa’s mineral wealth more widely, will apply the “once empowered, always empowered” principle as long they met the previous 26 percent black-ownership requirement. The minimum percentage will also be increased to 30 percent within five years of the new set of rules taking effect. https://www.bloomberg.com/news/articles/2018-06-15/s-africa-draft-mine-charter-recognises-past-empowerment-deals

A P/E of 9 even with reduced EPS is well below the historic P/E of 15.