Member Info for OfficerDibble51

More weakness in the SP today. Not surprising given you know who said you know what. Can't help feeling the coming weeks will be one step forward then two step back as we drift lower ahead of the next results. I don't believe the divi will hold at this level as it goes lower. There's more and more backlash now against this woke stuff, the Rye College secret recording being the latest. I see there's another one out tonight of a Scottish school with the teacher castigating a pupil saying there are only 2 genders. This is why I don't think this will go away for Wickes. It has stupidly got itself caught up in a far larger backlash that takes in a great swathe of anger from American lager to the indoctrination of schoolchildren. The tactics of Wickes senior management to hide hoping it will blow over will soon look a very poor decision. Sub £1 and I will go back in as it will become a takeover target which I believe is the only way now that this self-inflicted mess will be resolved.

To stay invested here means believing it was all a storm in a teacup and will pass. I personally believe the anger was such that enough people will take action over the coming weeks/months and in turn that will affect profitability. I could be wrong but I do sense the public are starting to fight back on these woke companies. Wickes might have got away with this six months ago but this time it feels different. I'm not expecting huge daily drops but would like to see revenue for this period before jumping back in. Dividend yield at this price is about 9% and that high a divi is quite often a red flag rather than an opportunity.

My worry re div is if Wickes suffers the same way Anheuser Busch did over Bud Light. There was a small reaction in the share price when the whole Dylan Mulvaney thing came out but a month later when the sales figs came out the stock was dumped. Could easily happen here and if it does that divi will be the first thing to go or at least be reduced. Plenty of big hairy builders will come across this story this week as it broke late last week. Customers are clearly leaving Wickes but is it a trickle or a flood? That's the gamble now with this company. All will be revealed in the next set of results of course.

Is it true that the CEO is meeting the Chairman this weekend to try and resolve this? Anyone else heard this? Could be panic stations next week. Loads of people will be on here claiming to wait for a sub £1 entry point. Could happen I guess if the critical online noise continues to grow but surely the damage won't be that bad will it?

I fear the SP will tank further next week. Social media outrage is snowballing this evening and off the back of things like Bud Lite (Anheuser-Busch InBev down again today) there are now more people willing not just to talk out against this woke nonsense but also take their money elsewhere. All the COO had to do was promote the company and its products. This is a HUGE failure on his part. Will be interesting to see if any action is taken against him in an attempt to cool things down. Personally, I'd throw the kitchen sink at him. Wickes has enough of those....

My broker has a closing SP of 266.45! Anyone else getting that?

Apology accepted CWWX

CWWX - happy to accept your apology once you've realised how wrong you are. Easy mistake to make for a novice so won't hold it against you.

228 close confirmed

Tipped in the Telegraph as a buy today which has helped.

There's something odd about that. A buy of 1,355,105 shares @ 103.26758 but the value is down as only 1million. How come?

Love this bit Rabito "On a risked basis this winter’s activities can support, on the fundamentals, a pre-drill share price 5 times higher than currently and could potentially drive the share price 10 times higher post-drill."

No, I chickened out at buying at those levels. Haven't sold a thing - just taken the pain. I've got to develop bigger balls methinks....

I chickened out at 80p and again at 70p then when it rose to 80p again I chickened out some more and have been going "cluck cluck cluck" ever since! Learnt a bit of a lesson today. Not licking any wounds as such just picking up some of my own feathers. Well done to all who have made money or averaged down.

Bully, your trading strategy and opinions on future price movements are painful to read. For your own sake, close your short. There's only so much egg one face can take.

Posted yesterday by Bully1985 at 19.48:

"This will drift and trade between yesterday’s lows and today’s highs until financing is sorted and drill is spudded."

Not surprised he's a no show today. I too would be too embarrassed to show my face had I posted that. Still, at least he probably got a little adrenalin rush when he did post it. Hey Bully, you probably need to have a rethink about how you use new information going forward and adjust your investing strategy accordingly. I know you would love to be seen as the canary in the coal mine but this is a MASSIVE oilfield not a coal mine.

This disappointing first zone has increased the chances of success in the next 4 zones. Make of that what you will. Today the market will react to the disappointment but in the weeks to come the narrative once again will be on the future potential which is now less opaque.

Yes, the fact that stuff like this is being sent out before we know the result does make you think the BOD would be utter numpties to eventually release an RNS saying it's all been a disaster. Of course BOD's can be a bunch of numpties but most of ours are having their final lap around the track and would want to go out on a high. Nothing is ever certain but surely when the RNS comes it will at least be on the right side of average and in reality be probably very good indeed. WTFDIK. Maybe I'm deluded but the wind as we can detect it seems to be going in the right direction.

With no RNS again this morning you have to be confident testing and analysis continues with no reason to inform the market of a negative outcome. A colleague used to refer to companies like PANR as 'bran tub stocks':you know you'll get a prize, it's just a case of how good that prize will be. I think that's where we are now.

"Flaring" - burning or shining with sudden intensity.