Member Info for Olmsey

I suspect its a different person. It happens on ADVFN all the time. Nasty folk copying names with just a small tweek to try and fool people. The FJG on this board is a sound bloke.

Banbury. Thanks for this. I had never heard of British Bulls. Interesting read although very technical. OFF TOPIC -= Had a look at HSBC too - which they have as "Stay Long" and it said "This pattern consists of a white body and a small black body that is completely inside the range of the white body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The white candlestick is “the mother” and the small candlestick is “the baby”." Gobbledegook!!!

Rox. Your question about how long to hold got me thinking too. At what point do you top slice? - Maybe to get your original cost back if you are in profit? - So the remainder of the investment is "free" - or is it when the gain already established means that the share is no longer a multi bagger and there are other opportunities out there? - but when does one pull the trigger?

I picked this up from another board (ENQ) and is a very useful but a sobering reminder of Goldmans & Alibaba

https://www.ft.com/content/f8f8b067-e663-4afe-90dd-6a243929af86

I'm in Hertfordshire BTW.

Count going well but I suppose not everyone looks at the weekend. Good idea though

Has anyone got Hercule Poirot's number?

My view FWIW is that 1 jab will be enough to travel. Otherwise the EU will have to wait until next year before they are all double jabbed. And their tourism industry needs 2021.

OK so now the M/Cap is at half a BILLION. Brings it onto the radar of even more funds. Just saying :-)

Gloating at someone's misfortune is not "mucking around". Culco let's leave these sort of comments to the ADVFN board please.

FJG hope you do manage to get back in. Your contributions to this board have been invaluable. Don't forget it's the last working day of the month on Friday. This combination usually means a lot of sell orders from 3pm onwards and a price dip. Good luck matey.

Aspers - 10% uplift - you are being modest :-). Buy again at 308 and keep repeating...
Mill106 - Depends on how the trading is done. If it is done on short term borrowed money or through a spread company then there is a reason to take a short term profit to close a position.

Banbury. The plot thickens. From Sept 2020

"Ardonagh has offered to sell Bennetts Motorcycling Services Limited, reversing its deal to buy the bike broker in a bid to address concerns raised by the Competition and Markets Authority (CMA).

The CMA has accepted this proposal from Ardonagh to fully unwind its recent £26m purchase."
Just researching who bought it.

Hi Banbury. Cashburn was £9m in 5 months but that included the £12m from the bennets sale which was a one off. So actual burn going forward is £21m every 5 months. I did say that before ??

The cash burn going forward is about £4m/£5m per month if insurance stays stable. So we have a long time before cash and available loan drawdowns are used up.

Hi Krusty. For those of us who haven't got a subscription a "Cut and past" would be really appreciated

There is an allowable (3 day) delay in posting an RNS relating to large holdings and I suspect that they were selling last Friday which accounts for the very suppressed/weak performance (as well as end of month on a Friday syndrome). Once that sale has cleared then upwards she blows. Setanta do still hold plenty though.

Thanks Gents. Appreciate the heads up on this. Would appreciate a cut and paste if anyone has access to their note. Cheers

Well said Perturbed and agree wholeheartedly. There are others too including Banbury, Rogue, Beach etc (and we miss Alas Smith/ErogenousJones). The one thing that this board doesn't have (which I've noticed on other BBs) is any commentary on Level 2 stuff but I did notice a first time poster this morning making comment on technical stuff which is very useful.

Agree with you Ice. Elliott came in and bought 5% of Saga 2 years ago to try and get the two business units separated and make a ton of money but I suspect they realised that the Bank's lending the money to Travel had got Insurance guarantees (i.e. cross collateralised). So "future decisions" are difficult for the BOD when they have hands tied behind their backs.

When all is well with the world then there is an option for travel to stand alone and be sold or floated off - but they would probably want to keep it by then anyway.

Hi Banbury. I suppose we should disregard the Bennetts sale as it is a one off - so projecting forward the cash burn is £21m every 5 months (ceteris paribus). However this still gives the group more than 2 years of cash if travel is delayed. Even if the Bank say no to the £44m capital moratorium there is still plenty in the kitty.

Also on your £12m vs £24m maybe they didn't take the whole amount in cash from the buyer of Bennetts?? Deferred consideration or profit related payments??

I'm started to get wound up about how the BOD report their net cash burn. It's all PR at the end of the day but if you only ready a couple of paragraphs of The Telegraph (most people lose interest after that) then you would think that they have cashflow problems. They need to report that they burnt £9m of cash in H2 so people understand. Very kind contributors to this forum have done that for us but the average reader would think it's far worse. Rant over.

The media do like bad news don't they. A very prudent discussion with Banks is turned into survival talks. Utter nonsense.

One thought though, the last time they received a repayment holiday it meant they couldn't pay dividends until the repayments were back on track. This further discussion with the Bank will kick that "can" down the road another year so I could understand those wanting this stock to be a dividend provider would be disappointed. It was one of the reasons why I became interested in this stock back in 2019 as the Div yield was solid.