This is frustrating. One step forward one step back. Been a long time going nowhere. Getting close to calling it a day unfortunately. Dont like having my money tied up for so long being static. I think I will cut my losses and make it up hopefully elsewhere. I cant see it getting back above 100p any time soon. I had great hopes for the co. too.
Finley I take it you've concluded after due diligence that you are an above average investor. As you are employed within the construction industry is your expertise confined to this sector in general and Ibstock in particular or does your expertise extend to all sectors?
don Im not. I want my investments to produce results in at least the medium term. LeCoque is a bull****ter - look at the chart since the placing - the testing story is over. It would not surprise me if he blows the cash but as always - the choice is yours - you make your own decisions. I smelt a rat early on and sold most as you know. You decided to keep them all - it was your choice. I will miss your knowledgeable and incisive analysis !!!! But good luck all the same
RE: Capital raise for pipeline projects27 Sep 2021 12:06
Krusty - where would your priorities be? Adv - I agree. Can see it sticking at 109 til 4th Oct or whenever it is now. Then as you say - will have to see what they decide to do. No doubt some will take an instant profit - its how it is. Just a question of how many but I would think the momentum will be upwards - at least in the short to medium term. Time will tell of course
Not used to such behaviour from BBOX. Presumably its a reaction to the fuel situation (or maybe to Boris the green frog still being PM with his big COP26 ego trip and economic nightmare still to come - and he says the rest of the world needs to grow up - jesus)
Maybe. But if all the testing that has gone on during the pandemic and this is how the share price has ended up I cant really see it making a difference. As Ive said at the start without the testing this was overvalued . The testing has earned some cash - we all knew it would. But where is the business (its core business - we can largely ignore testing ) going? The management have said nowt apart from some vague notions about purchases. Thats the problem imo. Its all smoke and mirrors and ifs, buts and maybes. For my money the testing is and always was small beer. LeCoque has no plan or if he has hes keeping it close to his windy chest. 28th is do or die for my money and a plan is needed to be seen or this is sub 100 for quite some time IMO
IMO if the update on the 28th isnt pretty stellar then this is dead in the water - if it isnt already. They need to have the cash and a plan of what to do with it and they need to show progress in the rest of the divisions. Im glad I sold the majority many months ago (at a loss but not as bad as it could have been). I had not much confidence in management then especially Jay LeCoque who seemed to me to be an American corporate evangelist windbag type. I have less now. If as a test provider you cant make hay in a pandemic then there cant be much hope and they seem to have forgotten that there is another side to the business. They could be forced to remember that quite soon but at least for this investor its too late. All confidence in 'the company' has been lost. The chart from listing , through a pandemic to today tells its own tale. Oh and Donmac - before you call me pessimistic again (although I am here) outline your reasons for optimism - without just mentioning the cash - investing isnt about today its about tomorrow imo and Ive been at it over 30 yrs - though obviously not always successfully !!