Member Info for onesharewonder

That's where i wanted to be!!....good that no other shorts or MX haven't increased there position......pleased with interview from Darcy....GLA

This is now a really attractive prospect for a high yielding dividend paying share, 5.7p this year is not to shabby.

Thanks for response, hopefully this will be one of your shorter ones that only lasts a few months!

Yeah, MW increased again yesterday, and I would think they probably increased a little bit today as well as some big sells went through late on, not exactly throwing the kitchen sink at it though. How long do you generally hope to keep a share for if you are trading it LWHL? cheers GLA

I'd missed that, it also says MW increased again on the 26th by 0.08 to 0.61 on the short positions icon above.....

Yeah 1.50 was my target (although I probably would have adjusted!), disappointed with myself for not selling before results to buy back, but UBS raised unrealised expectations, that said it probably would not have gone on the run pre-results without their input. It is pretty common for Card shares to fall after results (though not to this extent) but I think that unlike in the past when a period of dormant activity was expected , now there is the prospect of updates: (US rollout) potential Dir. buys, additional institutional investments etc. that could provide a boost at any given time, for this reason I have not risked selling to buy back in the last few days (foolishly with hindsight).....hopefully that is not wishful thinking.......I take comfort from the fact that this results were alluded to, and the Board have taken mitigating measures that should show benefit in the second half, and also BB is going to have done his due diligence on the company before investing.....GLA

The drop would be convenient for any large investor wanting to increase their position....

Didn't see any mention of the 36 stores that were planned to open in the Middle East, just the one operating so far, in Abu Dhabi, as far as I can tell....

It's been quite a nice board on here today with some good posters you included, but I agree I don't see the point just aimlessly posting when there is no news or new information to discuss.....GLA

I think you have to consider the backdrop of the financial pressures on most of their customer base during this period, a price hike could hinder their appeal to this base. I am surprised to the reaction to the Results, it was made clear how front ended the cost pressures ( inflation related, NLW) would be for the Year and that would reflect in the NP for the Half-Yearly's. I think perhaps the good run leading up to today and the UBS re-rate gave PI's a false hope of things happening faster than they previously expected. I am a bit concerned about the implications of the upcoming Budget, still confident here though and will gladly pick up divi's until I reach my price target......GLA

What an exciting development......appears to have a solid background in retail.......feeling optimistic....GLA

I would imagine this update will generate more interest from II's, great update, not entirely expected given the unusually placid SP in the lead up to the update......well done all LTH's, GLA

Https://www.fitchratings.com/research/corporate-finance/fitch-downgrades-petrofac-to-cc-removes-rwn-16-04-2024

I'm very sorry to hear that PFCV you come across as a sound bloke and I can relate to how you are feeling, had a really good day on Thursday and then when I saw the RNS notification I thought we were home and dry, until I read it.....I like your question about buying back in when the D4E gets resolved and when/if the balance sheet looks more favourable, is that a reasonable proposition anyone?

How is this gonna play out with the former Director and main share holder, surely he must be involved in the talks....

Yeah I quite agree Bridgedogg, in a sense it was actually responsible of the BOD to prevent a backlash if more waded in.....the SFO situation and the ADNOC ban has hammered this company, it should been a red flag when they had to do a raise for the 77mill fine but I stupidly jumped in then also......anyone have any examples of a company returning back from a D4E to former highs...GLA

I calculated that if the company adds a billion new shares (currently 500 mill. so increasing to 1.5 billion) the SP will go to about 9-10p*, which is pretty crap but with a restructured more healthy balance sheet and perhaps an end to uncertainty! it might be a clean slate going forward. Historically the SP was 1500, not sure what the number of shares in issue at that time was but the MCAP was clearly much higher than it is currently , and given the potential for the business in terms of contracts it has already secured maybe all is not lost. Am I grasping?

*Happy to be corrected on this.

I'm confused by the benefit of a D4E with the MCAP only at £138mill. given the amount of debt. Purely speculation, but what sort of deal/ how many new shares do you imagine will be issued if it comes to pass? GLA

I think the explicit mention of Debt for Equity which was only alluded to in the previous RNS is hugely significant, can't believe this recovered so much this afternoon, is it possible some impatient shorts closed out? will find out Monday!, I think this is a gamble or very long term investment now, hope the takeover talk has some legs but this remains to be seen, gonna try and day trade some losses over the next week or so which will hopefully present some opportunities, pure gambling though which I accept, not sure I'm as good at this as I thought.

Thanks for commenting Paul, obvs the board are obligated to inform of major news and although this vague RNS doesn't confirm much it serves to meet those legal requirements, they obvs knew the effect this would hace on the SP. Anyhow my question is although a proposed D4E is not good, surely the institutions that will be on board will be wanting an increased SP and although we'll be diluted, a smaller proportion of a higher SP will be more beneficial than a whole sum of a lower SP, I understand that is now a long term reality, hope that makes sense! Thanks