Member Info for onlyagame

It is a £10m company with £30m debt.
The £200m turnover was for the year ending May, 2021.
The results for the year ending May, 2022 are long overdue with the updates on turnover and net asset value.

TheReducer. I have been playing this game since 2009.
The hardest lesson I learned was not to hold a share regardless. This was sometimes a painful lesson. What has worked for me over the past 5 or so years, and exercising a fair bit of flexibility, was buying Barclays sub £1.40 and selling above £1.80. During this time there has been the opportunity to buy just below £1 and sell at £2.20+. It is about taking a profit and waiting for circumstances to change. What we all fear is selling @ £1.80 and missing the climb to £2.70, and in your case, profit. It hasn't happened yet but it doesn't mean it will not. Equally a smart move could be selling the next time the share hits £1.80, taking a 90p a share hit, and waiting to buy back in @ below £1.40.
This is why the game is so fascinating and the second lesson learned was that no one knows what will happen next so always follow your own strategy. Good luck.

I used to work for an institutional investment company a few years ago. Joules, with its tiny market cap, would have been far too small for most institutional investors to bother with.
We are of course due the year end results any time now, I was expecting these in October but I believe the announcement has been pushed back to November.
These results will tell us so much.

Is this the Richard Stephen Teatum who, following a quick search on google, is showing a net worth of £277m with current liabilities of £483m?

The whole point CJ39 is that nobody knows. Predicting the market has always been as much luck as judgement and this is why so many posts say "do your own research" and you why you let nobody influence your personal buy or sell decisions. Never blame anybody else.
This sharechat board has been full of postings over the last year of so predicting huge increases in the share price based on ..... nothing but wishful thinking.

The financial year end was 31st May, 2022 and the results are out in October. This will tell us so much more. Firstly we must hope the quarter day on 29th September passes with all the rents being paid on the 130 retail outlets. Secondly we will be able to see how turnover has stood up - remember £199m in the previous financial year. Thirdly we will see what the net asset value per share is - currently 11.77p.
A takeover appears unlikely due to the expense in dealing with the retail portfolio of shops.
I think the future of the company is to continue to trade as it currently does Maybe a fire sale of the Gardening business would provide the much needed operating capital should the banks limit lending.
These are interesting times and it is very difficult to see any short term growth in the share price unless the results are much better than expected. I will continue to hold for the medium term with my fingers tightly crossed.

My headline is a serious question. I have posted how I lost money in JJB whose shares dropped from the £'s to the pennies and am trying to understand why Joules will not go the same way. With a net asset value of 11.77p a share this underpins some value in the company and is an argument why the shares are currently undervalued. I appreciated the post explaining why the net asset value per share is not 39p based on net assets of £44m.
To katstrangler may I ask you to define what you mean by 'troll ' and 'knob' and suggest that you are showing hypocrisy by displaying the very characteristics you accuse me of.

Looking at Joules fundamentals the company is showing Net Assets of £44.23m. There are 112million shares issued. Does this equate to a Net Asset Value a share of 39p? The Joules fundamentals show Net Asset Value per share of 11.77p. Can anyone explain the apparent discrepancy?

I think for shareholders a takeover looks to be the only thing to save us.
Joules have 130 approx stores and on the 29th September rents become due. Survive that date and in October the report and accounts for the year ending May, 2022 should be published.
I see the problem for any retailer looking to taking Joules over being the 130 stores and problems with rationalisation. This would be why Next would not want a takeover.
In May 2021 Joules accounts show £173m total assets. However the net value per share was 11.77p.
These are interesting times.

What on earth is going to save this company?

And the death spiral continues.....

Is this prediction based on anything but unrestrained optimism? If it is only to make yourself feel better why not £1 by Xmas and feel twice as good?

About 10 years ago I was invested in JJB sports, a large sports goods retailer, and watched the shares decline from the £'s to pennies before going under. The problem was the company had no assets, the properties were leasehold, there were large debts and basically the company owned nothing to support the share value so it went under without a trace. Does anyone know the value of any assets the company has as I fear history may be about to repeat itself.

I have not read this board for some time.
Woolworth, do you really believe world economies are going to collapse next year? I know its just your opinion, but my opinion is world economies are going to recover next year. Do your own research.
Zodiac, do you really believe anyone sold their shares on the strength of Woolworth's post and the post influenced the share price? If it were so easy to manipulate the share price by simply posting on this board then goodness help us.
It has been some time, but I used to enjoy the posts from one gentleman who regularly posted on a supermarket's page that we should sell, sell, sell our supermarket shares as retail was dead. I always wondered what substitute he foresaw for food.
Oh well, I'll keep reading these posts and keep enjoying the various insights into the human condition displayed.

Your indepth knowledge please Sain. Is there a chance the proposed takeover by Connolls will be referred to the monopolies and mergers commission bearing in mind Connells look like Countrywide "Light" in terms of a business?

"til a new regime arrives". Lets be careful about what we wish for. Long term investors remember Countrywide as a fairly dull share, just plodding along, paying a dividend, but knowing their place in the scheme of things.
Then a "new regime" arrived, and like all new regimes they wanted to make their mark, £250m spent, £250m written off, and an overhanging debt of £95m.
Paul Creffield is a Countrywide lifer, apart from a stint at Rightmove, 30 plus years at the company. He was largely responsible for the "back to basics" strategy. Dull, unexciting but unable to effectively run the company as the overhanging debt means the banks have a massive say in all decisions, it is the banks - not Creffield - who want LSH sold off.
What would a new regime do? Lets assume you attract talent with the company having no money to spend. On past experience they would want to do something dramatic and hang the consequences, as if their master plan went wrong they would be off with a big cheque in the pocket, to the next challenge.
I can see little wrong with just trying to pay down the debt over the next few years and possibly becoming a takeover target when the market really picks up again.

It's a new game now .
I have posted in the past about buying shares at £4+ which today are worth the equivalent of 2.3p. The disastrous splurging of £250m to buy businesses where the value disappeared resulting in write offs of £250m+ and a debt of £90m is history and is of no interest to new shareholders .
New shareholders have come in and are making money and don't care much about the history of the company and just see a massive opportunity here to make money. For the record, like most, I have never bought or sold shares based on any post. I don't think anyone believes that a post on any board will influence the share price.
Good luck to all, it's a new game now.

It looks like the company have nearly cleared Ms Platt's legacy from the books with the loss now £37m (down from a loss of £224m). £90m of debt remains which the company can service and look to pay down over the next few years.
As a long term investor who bought shares a few years ago at £4+ and seen them drop to the equivalent of 2p today ( I still hold around 200 shares for old times sake) I can understand why new investors are getting excited about this share. In my opinion this share is still a short term hold for traders rather than a long term hold as the company still appears to be a few years away from reinstating the dividend. This may be a good time to take Friday's profits but only time will confirm this.
Good luck to all. By the way I need the share price to rise to £12 (twelve pounds) to finally clear my losses. Any forecasts as to when this could happen? I remain sanguine not bitter as most investors will have their own horror stories to tell.

For £35m you would have got LSH without any debt. For your £20m you would own the whole company, including LSH, but immediately take on £95m debt. so its not quite that straight forward. As Sain has posted now for many years, the millstone around CWD's neck is the debt which is probable serviceable but as we have seen, all attempts to pay it down have hit problems.

What makes this game such fun is seeing people who could have bought this share for 98p this morning now buying at £1.11+.
I wonder what they know.