Member Info for OldManHeats

Debt has maturity from 26 to 31 with an average interest rate of 4.59%

If they had to re-new now it would be around 5.5ish but good chance rates come down before needed and even if not then they could just reduce the gearing. Proven the ability to sell at NAV so not that worried about the debt

I would love to get back in but i think considering the VAT suspension i would like to see sub 40 before doing so

Yep agree very much with slow POS, they did say they are fitting those in a good number of shops to test them and also the click and collect now being an option helps but not often ready in some shops when you get there

I’ve bought 2 tranches one at £16.98 and another yesterday when it dropped below £20. I do think fair value is around £25 but tough to say if the market will get there. I’m happy to hold for a bit and see

Don't wanna just buy because it looks cheap, what does man group do that other investment managers don't?

Jeez this board is just filled with russian bots now

@lemontree

The trouble with trading 212 is them limiting the amount of stocks you can buy of certain companies…very frustrating

Got out last time at about 70p for 30k

Very very tempted to get back in but haven’t been keeping up with the peace discussions enough. What are these valuable mineral lands talked about in the peace talks?

Just a reminder to everyone who thinks this will go to £2 to look into the ongoing legal cases, if you don't know about that then do some research before buying

"You could just check the charts before posting...After the invasion, FXPO spent almost all of 2022 above 100p and hit 170s multiple times in the winter of 22/23."

I didn't say it wasn't over £1, i said it hasn't been at £2 since then, try re-reading my comment before posting, and when it was at 1.70 it still had great profit margins and free cash flowing in the hundreds of millions...

If it does go back up to £2 anytime soon then it will be entirely on speculation not fundamentals. The last time it was at that valuation it has just had a year of over 700 million free cash flow with 2.5 billion in revenue. It's currently not even profitable. What makes you think that even if peace is agreed and the overshadowing legal cases are resolved that the company deserves a valuation of over 1 billion market cap?

At 40p this was a fantastic punt with odds hugely in your favour but at over £1 it's just a wild speculation play.

lemon you are so close to seeing the truth. just like the iraq war which most westerners would now agree was a mistake in which leaders used wmds as a false narrative to go to war, putin did the same thing with this war, he claimed some bull**** nazi infestation in ukraine which was completely fabricated.

the west went to iraq for oil and putin into ukraine to try and re-conquer the old soviet empire, it was for nothing but an egotistical dictator wanting more power. he is the reason that so many are dead and so many homes have been destroyed.

Exactly what i'm thinking, I'm fine holding this for a while until the market prices correctly and just collect the dividends while waiting. Market is very overvalued atm and the stocks that will hold their value in a crash will be those that are already undervalued so it's also a hedge against a large correction.

"It's not Putin that's not willing to negotiate, it's the west that wants continuation of the forever war in Ukraine."

You know if Putin kept his genocidal fingers out of ukrainian land then there wouldn't have to be any negotiations?

What's the point of saying Putin is willing to negotiate when he is only willing if Ukraine give up even more of there land?

I'm sure Zelensky would be happy to talk if Putin f***ed off back off out of Ukraine...

Are those prices in roubles?

Hate to be the guy on the other side of the majority but I think this rise is mostly due to trump hype. I think Harris will win (hopefully) and the SP will react how we are expecting. Could see some more rises pre election but don’t think it will last.

As Alex has mentioned there have been absolutely no boats in the harbour for a few weeks now (I’ve been checking this last week) and I think this big push that Russia is making pre election is going to effect the company through baseline costs and lack of export potential. I can see the price getting down to 50s and maybe even high 40s at which I’ll look to get back in.

Happy to be wrong though

Glad i pulled the trigger haha

Anyone know a reason for this price drop? I’ve been looking to get back into it and this drop could be the time but wondering if something is going on

150 by christmas feels very dreamy haha, i could maybe believe 80 but with with no increase in cash and as you point out the complete lack of ships in port is all a bit worrying

Just wanna say Alex that i appriciate the posts, super useful info :)