Member Info for NickRubens

Is it possible another placing is being prepared? I would think not but we've just had good news and they have done a few already.

Interest rates set to rise again, this should make the pension deficit reduce notably which should reduce the contributions from the company and raise their available cash level within the balance sheet. Needs some regular news/ corporate activity to remind the market of it's existence and continued progress.

Pete, Yes TTG looks interesting. If only Petards could reach a similar market value, but it seems to be forever stuck at the start line, though financially it's in really good shape. I'm surprised a bigger outfit hasn't bid to take over Petards.

Interim report coming up 23rd Sept, so not too long to wait for news either way. Would be great to hear of an additional contract win meanwhile. Some large buys came through yesterday, not sure if someone had arranged to sell (hence the markdown)as nothing has come through yet. So added a few hoping there aren't many left on the cheap.

Hopefully this is just bear market blues, though it seems to have been seller driven, though not huge volume.

I think we all suspect a fund raise is due, that means serious dilution at this SP. I wouldn't rule out a consolidation either which will give the SP a new level to continue dropping from of no tangible value is created.
As always anything could happen, might get good news on any front, but the fund raise is the big dampener IMO.
Bad luck on the Australian drill doesn't help, which gave the SP some momentum (hope) for a while.

xd 11th Aug 2022 ........ 6.5p Special
xd 13th Oct 2022 ......... 2.6p Interim

Special Dividend too and full year forecast of £50m pretax!!

Well, general sales are down by 4.5% and seemingly a warning that this pressure will continue as consumers effectively spend less (having less to spend, presumably their energy bills taking up their prior spending money?).

With prices going up consumers may be spending less but certainly consumption will be reducing also, as same spend buys less goods.
Surely the staggering amount of QE at £895 billion is to blame for inflation. I understand this to be a money print with no productive increase in the economy to back it and worse still with the GDP drop during covid lockdown measures.

Could be a run leading up to results on 13th July as the last update was better than expected trading, record high order books and with little or hardly any impact from Russia/Ukraine situation. With Interest rates rising I'm hoping also to hear of pension deficit liabilities being reduced/revised downwards.
Interesting too was that the company pension trustee had built up a stake (8.17%) in the shares earlier this year.

I wish I knew something, my average is 44p and either this is a great buy opportunity ( of which I'm preparing for another average down purchase) or the market thinks it's going bust or going to do a rescue fund raise. Doesn't help when the Company makes no comment or update to reassure the market.

The Important question now is how long can they keep going until a placing/fund raise is needed? Is their a potential 'consolidation' of shares looming also? Happens to loads of companies with continued placing dilution and falling SP.
Need a balance sheet update as well as something tangible from Ghana and/or Bolivia..
Good luck to long term holders and traders hoping for a quick turn. Just a shame about the recent drill duster.

Falling as fast it rose just a few weeks ago.

A trading update was given last year on the 5th of May. Judging by the SP bounce it won't be far off now perhaps. However any meaningful SP appreciation shorter term will depend on the next update. I have a few just in case it's good (relatively good) as I don't expect much of a profit, if any at all, this full financial year. Debt is a slight issue perhaps but if they can get back to pre tax profits of £20m (not this financial year though) like they used to then that won't be a problem. It's Mkt Cap is around a historic low I think.
There's a rational possibility McBride will benefit from some people moving away from the Big Brands during this Inflationary squeeze.

Sainsbury's own alot of their stores, but every now and then they do a sale and leaseback. In my view they are on a very slow terminal decline as far as shareholders are concerned. I once owned these shares and it was a nightmare with dividend cuts and a falling share price. I was saved by the SP rally following the ASDA deal that never happened and got myself a refund at 320p.
I note recently there was another ideal exit opportunity at over £3 on speculation a VC outfit might target Sainsburys' after the Morrison deal, but Morrisons are very asset rich unlike Sainsbury's who have some store lease liabilities and also corporate debt. However I wish you all the best here, as there are always surprises along the way and I might even get interested myself again, one day.
I still shop at Sainsburys for many items,and especially for their own brand quality mostly.
All the other discounters are fine but they were embroiled in the horse meat scandal, showing how slack there quality controls really were. Sainsburys actually do quality control. Great shop.

NAV rocketing the last couple or so weeks. Is it the share values of the portfolio rising or the bonds rallying? Seems to be greater demand for the company shares also recently, that I've not seen for a while. Long may it continue, it's been in the doldrums for a long time.

Lekoil NIgeria have stopped buying shares in the offer. The shares will remain in your portfolio.
As 'downbut' stated there has been a dilutive placing of new shares issued. Only hope now is the shares getting relisted, though at least we have new investors on board.

steve Got the date of 15th July 22 for annual results (II broker webpage). Last year they came on 16th July.
Look forward to the trading update before then though, believing it will be good.

Looks the sell off is done and the buys signalling a reversal. Full year results are not due until July, though I can't see the market not waking up here again as we get nearer. The forecast earnings (if met and hopefully exceeded) should earn us and justify a higher SP IMO. Added this morning though the SP is some way off my original buys at around 33p.

At this level I think it's a decent risky bet and especially as funding keeps it going for some time again and I believe there is interest in Coal. Coal is needed. Look at who the world has been funding and essentially relying on for it's slightly cleaner energy needs and what the tax revenue has been spent on and it's effects in just the last two weeks.