Member Info for onsolidground

Should steal a march on the competition.

https://www.dailymail.co.uk/femail/article-11377155/Myprotein-launched-Black-Friday-SALE-47-including-bestsellers.html

Far better to be back on the road to production and then full production and once it gets there then this entry point will be viewed as a bargain.

Compare and contrast with today

"· Profitable on both an underlying and statutory basis for September, ahead of previous guidance"

So beyond breakeven and into profit probably 6 to 9 months ahead of its own timeline.

Over £1.00 again hopefully in due course

This was what was said in July

"As a result, we have built a sustainable business and we now expect to reach monthly breakeven during Q1 2023."

They have clearly surpassed that well ahead of time and the month of October with fixed rate mortgages over 6% and a virtually instant 4% jump in rates will only have added.

Should see some nice broker upgrades in the coming days.

Far too cheap.

Must be about time for a rerate, or probably better terminology is to give back whats been stolen. It's quiet on here this morning so I suspect most of the traders on here have probably popped their money into CINE for their day trading.

For others with a longer term viewpoint its another new month and the chance to trickle feed funds in and add on the dips.

I always ask myself with RNS's whether the situation post the RNS is better than the situation that existed prior and yesterdays RNS actually said that they have restarted production again, albeit haphazardly. But that is a significant improvement on the previous cessation of production. There are also ample stockpiles to keep supplying customers regardless. So I viewed it positively and took the dip as an opportunity.

Newspaper coverage of intelligence reports stating Putin has both cancer and early stage Parkinsons overnight also makes you wonder how long he has got and whether he will be deposed at some point.

Wasn't meant to be there till into decently into 2023 so well ahead of time and you would expect that the month of October has been even better for Metro Bank given the fiasco of the mini budget and how fixed rate mortgages jumped about 4% overnight.

Probably the cheapest value of all the banks right now and now looking like an investable company again.

Might the turn in fortunes tempt someone to bid, or again.

It's because their sell Bots are being met with counter buy Bots and not having it all their own way any more.

Any induced dips seem to be getting taken back up all the time meaning the short feeding frenzy trough is probably about empty.

Thursday 3rd November I believe.

That's good to hear.

Sunak spent time in the city working for a Hedge Fund so he'll be pro and shouldnt touch the Banks. Hard to justify it in any case whilst oil companies are making absolutely obscene amounts of money. £8 Billion per quarter in the case of Shell.

According to an article in the Times at the weekend. Augurs well.

"Two senior sources close to prime minister Rishi Sunak and chancellor Jeremy Hunt played down the idea that they were looking at ways to impose additional taxes on banks. The news will come as a relief to the City, which had feared a raid on bumper profits derived from rises in interest rates."

dyor

Down from 3.88%.

Looks like they are running for the hills and the overall red market today probably handed them a further exit route.

You have to ask yourself why this is being swung 9% and 10% downwards at times.

Overall though still a good week and if you can see that Nutrition is bankrolling price maintenance across the other THG platforms (whilst others are probably increasing prices) then maybe MM's strategy isn't that daft after all. I don't think many fancy having a face off with QIA and their billions.

https://www.proactiveinvestors.co.uk/companies/news/996693/iag-upgrades-profits-for-full-year-as-revenues-fully-recover-from-pandemic-thanks-to-price-rises-996693.html

https://www.proactiveinvestors.co.uk/companies/news/996693/iag-upgrades-profits-for-full-year-as-revenues-fully-recover-from-pandemic-thanks-to-price-rises-996693.html

These amounts are really insignificant amounts either way and that's against either the free float or the total number of shares in existence. Several of the last increases as well are under water and have been throwing good money after bad.

End of the day they are reliant on borrowed shares and if those dry up and are not there to manipulate the price then it should reflect "normal" market moves and the market makers shifting the price to get stock themselves.

16th December or thereabouts 3 previous bidders should be able to return if they wish to a starting price which is now half where it was back then. They could in any case return with BOD consent, working for a 3rd party or if they are prepared to argue things have changed materially since. (Share price? and Company now split into 3 seperate entities?)
That said QIA and MM would probably have their very own say on the matter.

Its sometimes best just to stay put and top up when the opportunities present themselves.

The resurgence in the pound that is being attributed to Rishi Sunak in actual fact had nothing to do with him.

It was all about US house price inflation falling back a couple of points for the first time in a long while as a direct result of 3 x 0.75% interest rate rises in the US and concerns that it was the first signs of a dip in American house prices as a direct result.

Because of that I think the US elect for a 0.5% rise. UK might mirror that also as they are trying to stabilise the market and reduce the cost of gilts, government debt and fixed rate mortgage deals. UK though may go for 0.75% to further strengthen the £ against the $.

If it continues to re-rate back up at these same daily rates then £1.00 would be reached in approximately 6 more market days.

"You'd think the CEO should have resigned ;-)"

Agree that he should have fallen on his sword and resigned.

Instead retained and in an advisory capacity somewhere and still being paid.

Its a pretty dire statement all told and looks like it will impact on further business. However the sp seems to be recovering.

May look to add or trade some when it settles.