Member Info for NickRubens

LD197 "Why would they do the placement at such a discount? "

What's the placement price being offered at? I couldn't find the price on the RNS. Cheers NR

Offmessage I do not trust this company. Wish I had never heard of it like many other AIM dogs i ended up with. If anyone can see an opportunity here to make money and is certain then just ignore me , but I took 5.7p for all my stock yesterday, fearing I would be stuck with some delisted shares or at best trying to sell the ones not taken by the company at maybe 2,3, or 4p when delisting is certain and the only remaining exit then remains the last few days on the market prior to delisting..

Offmessage If you can sell them all to the company at 6.2p then that will work, but if they perhaps take only half your stock and the remaining stock is suspended and delisted, what then? But good luck, I took a hit on my long tern holding and sold all in the market for a huge loss.

Wisdom "So much for democracy we have a government in power that I still haven't found one person is happy with"

Yes and not even the ones who voted for it.

Newbie "Surely the risk of taxes on the industry, and more, is built into this price"

That's the only thing that keeps me hanging on! Don't want to suffer the potential humiliation of selling at the bottom.

At this rate, if it continues, one more month and it's zero! I'm sitting on hefty losses throughout many holdings in UK plc.

Yes Dirt cheap and my current average is around 90p, BUT the market clearly thinks the company is on it's way out of business. Of course if the market is wrong and has been on numerous occasions then this is a great buy. I suppose the market needs some evidence that the following financial year will be better and certainly not worse, though you would think they are expecting that. Are there any forecasts ahead of this year? I often experience, my courage is lacking at the best moments of investing.

I have a portfolio full of them from around 10 or so years ago. So many have changed name that I can't remember what the original company was that I first invested in.

I keep away from these particular AIM stocks now and instead lose my money on mid to large mkt cap type stocks..

I bought already but wondering whether to double up after todays update?

Looks like Labour and the Budget is one ell of an elephant in the room for 'economic prosperity', of which in itself may sound delusional, given the state of the country financially and supporting a non working epidemic.

Yes, I made a purchase too. Not seen this level for a few years and couldn't find much else on the market after selling SBRY (profitable few months trade bought in tranches). If we get a further dip I'll take another lot, but would be surprised if I got the chance even lower. Well who knows what may happen.

All I can think of is Interest rate worries as how I understand it, the BofE talking of Inflation problems and struggling to offload/reduce further QE in a week bond market ahead of Reeves Budget which is going to be inflationary and also damaging economically as public spend just escalates. Crazy!

RedNinja Are there any forecasts anywhere based on the current order book?

Bank borrowing will be reduced thanks to the fund raise, and talk of raising further funds via shareholder loans if needed.

Nick Rubens 8th August, "Is their any risk going forward of further financing needs is what I'm concerned about."

It came even earlier than I thought. Not too enthusiastic with what I am seeing from this company for the past few years, so staying out for until I see evidence of business picking up to justify all the fund raising, and prior selling off, of properties. Wishing all the best though, to long term and committed holders.

Mr P. "mean that Argos is up for sale at the right price?"

Yes but the right price to Sainsbury is likely the wrong price for anyone interested. I've now sold out completely from Sainsbury's shares, though I'm a regular customer and would like to buy my shares back lower, but i'm taking a risk as Sainsbury are doing pretty well financially compared to prior years, but Argos I think may still be a slight liability? I don't know for sure so DYOR and buy, sell or hold.

GS Going in the right direction for you, so far. Well done.

Fp Yes but that means the company would then be shrinking somewhat and going in the opposite direction. The stock market is always looking ahead and recently the prior expected multiple rate cuts have suddenly been cautioned and may not be possible as thought or wished for. The company has alot of debt and debt can be earning enhancing or potentially destructive if miscalculated or circumstances change.

Having said all that it looks good value, but that is why. Still on the side line for me.

Fp The worry is interest rates. The company has alot of debt and at the moment it doesn't look like interest rates are coming down much more or for too long a period, and could even go up again as the Uk has inflationary problems on top of everything else.

It was on the cards, hence I decided to sell out on the bounce created by a newspaper tip some while ago, having realised I made a mistake buying in the first place.

I do wish Pennant ( and especially the shareholders) all the success but I can't see how that will happen based on the last couple of years and especially the selling of freeholds to keep the company finances going which was already disappointing.

Is their any risk going forward of further financing needs is what I'm concerned about.

BTB I think the banks already pay a surcharges of tax because of the 2007 crisis ( or scam when they effectively purchased dodgy assets).

The GUV should be growing the economy and not taxing further existing businesses, already struggling from prior tax increases.

They said they would grow the economy.. They haven't and won't.

Interestingly, Rank shares seem very resilient today.

Labours answer to everything is yet more tax. There is never a level of tax that is enough for them. They'll find themselves continually taxing businesses until there is no business left to tax.