Member Info for NickRubens

Moniman "It would help if the Prime minister and chancellor stopped talking the economy down...they are stupid it seems 🙄"

talking?? It's the actions that speak louder than words, the UK is in a managed decline and has been for three decades, and no we have just had a budget to jepordise employment by penalising employers with a huge additional NI cost and a new policy to destroy the farming industry. All this becomes effect from April 2025.

I couldn't find any evidence of those director buys in the report. Where is the source for them? The only director buys I could find were those monthly,( hardly worth reporting) type savings plan purchases? Cheers NR

Lost of the regular fund management houses that were the go to places in the 80's are struggling. Meanwhile Vanguard and Blackrock are taking over the world it seems with it's huge money influx. Is there where the investment capital market is flowing to and staying with?

Pokerchips "NI isn't a tax ...it is a contribution for your healthcare and Govt pension "

Then I'm somewhat reassured the state pension won't be taken off me before I even reach it? Though they could technically move the qualifying age to 105!

Meanwhile the bear market continues as most UK economic policy doesn't make sense except to harm the economy and strip working people of anything they create wealth wise and pass it on to the many others not doing anything much.

All done by handing and then taking back by force in ever increasing amounts, those bits of paper we call money.

Will PETS survive in the next few years as a £1 Billion market cap?

Pokerchips "and why exactly shouldn't they ? "

Because we were told by LIE bour that there would be no tax rises for working people. Look how the gilt market reacted as those NI rises seep into inflation.

It was a tax on employment, that employees will be paying the ultimate price for.

and it's the unemployed generations that buy nikes and other trinkets generally and not hard working people.

Has started. Massive NI Tax Rises coming next year and working people will be paying them.

It's not just PETS sinking daily, but a wider market concern on the economy shrinking., otherwise known as recession.

May see some profit warnings over xmas trading not being as expected.

Basically, moniman is describing Britains general economic decline after 30 or so years of continually racking up public sector debt by all governments that have done nothing much to address any structural problems that have led up to this and seemingly the recklessness is continuing. The once wealth generating private sector can only get hammered more and more until nothing is left with this trajectory in place.

If it's only going to hit the 70's then that wouldn't be too bad, presuming it could still create shareholder value from then on.

It's if or when they eventually go to zero that concerns me. I used to own Johnston press ( went bust), so with Reach I've only ever risked a shorter term hold/trade when lucky.

Decided to take a short term profit as the stock never seems to make any steady progress upwards over the years and can't see that changing over the next few years. If I don't get a pullback to buy back in again, then so be it.

Still, one of my top three shops for food,(Aldi and Lidl) being the others) though not much of an Argos customer.

Directors buying huge amounts could suggest they might be paying excess cash back to shareholders as I don't think they will want to see it ebb away unless they have a plan for increasing production and actually earning meaningful profits.

Still holding my bottom drawer stock.

Yes lots of cash and some pre tax profit at the recent Interims, but the market doesn't like small oilers. However with a potential end of the Ukraine war in the new year, I may as well hold on to this stock that I've had for a decade or so. A bit of relief to see my paper losses reduce a little.

Jonny2000 "Don’t forget the €5.3 million plus interest plus inflation is also due anytime."

I've not been up to date here since the 1.6p share price area where I was very skeptical and gladly so. However could you or anyone please update us on this €5.3 million expectation? I presume it's some court case they won, compensation?? cheers NR

Been looking here since it's share price fell to 93p. Glad I was only looking as the price has halved again. There seems to be a noticeable pattern of flotations (IPO's) that subsequently flop in the years afterwards.

So after the recent update, I'm still only looking.

The company is only just still alive.

All the 'brands' look weak to me. I've not heard of them (except skinny tan from Dragons den) so the marketing/brainwashing doesn't seem to be reaching the market. The products can be great and as good as any other but people buy trusted powerful brands, irrespective of the reality of them or if they are any good at all.

The company name sounds good though.

It's certainly helped not spook the market even more. It's the financial year(s) ahead for all employers that are spooking the market with the massive NI TAX rise, which is not going to fix anything but only continue plugging totally out of control public sector spending. More tax rises will come. How much can business pass on to consumers before an inevitable recession ensues.

"simply because investors don't like british companies any more it seems. "

There is an underlying reason they are not liked. Continued rising taxes being levied on them by UK Gov, windfall taxes for anyone doing ok, taxes on employment. Profitability being attacked.

More Taxes to come. This is just the start.

The problem with the 'friends of the working people' is that they are actually the enemy of the working people, higher wages without productivity to match is just inflation that gets passed on to them as will be the additional NI employer Tax.

Attacking the private sector like this, is like killing the goose that lays the golden egg. Labour isn't working and sadly Britain PLC is slowly ending up in economic retraction but with no one to pay us benefits when we bankrupt ourselves.

What Blair started and the Tories continued is now in it's final chorus.

JBCo " AIm needs an injection of something!"

Delisting is a familiar pattern on AIM. I've more or less given up on AIM listed nonsense. Saved a fortune in losses. Main market is difficult and the whole UK productive private economy is being used as a Tax cash cow.Equity Investors tend to come last and no one gets a refund for losses.

Err at the moment. This must be the first stock I've bought for ages that hasn't suddenly plummeted.

With the nectar app offers, I'm actually directing my prior Aldi portion of shopping to Sainsburys as it works out better value and I surmised that many other shoppers with a nectar account and some means of digital communications from Sainsbury, will likely be doing the same also. The only big negative is Labour's sudden massive grab of additional Tax (on all retailers/employers) to fund their chucking it away. Those additional costs will creep to the consumer though.