Member Info for oogleflugal

Our mechanic has COVID. I thought 18 days for an MOT was pushing it. His whole family had it , but ok now. Seems pretty clear the power of Paul at stockopedia buying more Saga. The fall back to opening sp was always likely. More news on feb 22nd about lockdown but I think the trend has been down Saga since the update. Was thinking 2.20 was a better entry as there is slightly more risk both from variant , cruise dates and covenant renegotiation. Maybe a bit wishful, but market is bound to be jittery when you look at other travel stock. Hope you have all fared ok today. Tricky, as usual

Looks like a great deal.Going to need tons more cardboard!

Morning Brigadevians. M, I feel pretty much the same. Reddit responsible for 10% rise in silver! Stockopedia guy bigging up saga this morning and bought more shares. I feel with the following he has, it is wise to wait a day or two because there are so many copycat traders. Apart from that, and slight lack of clarity over the covenant issue, of major concern is the total lack of institutional interest since the placing as yet. Should have bought more Mcro possibly on the dip, but it disclose at £4.25 stateside on Friday which seems a little odd, 20p difference with uk. Boo and Asc sailing merely away. Both seem pretty well funded for their respective purchases, though there must be quite a bit of integration costs to follow. feels like time to sit on hands for a few days to see how things settle. Big earnings week in America, Amazon etc.

Interesting comparison. Australia have 1 new case in Perth and immediate country lock down for 5 days. America have seen a slight fall from record highs are lifting restrictions in California and opening restaurants on Valentines day in New York. Must be celebrating Valentines day massacre. Gameshot saga to continue. Wonder if IGG will be sued too, if Wolf thinks Robinhood will be hung out to dry. Get the feeling its going to be a volatile week. Gameshot have brought the markets to full media attention

I sent the Wolf of Wall Street to my son last night and then realised I hadn't watched it myself. I think the similarities to the tech bubble of 2000 are interesting. Remember though what happened to blue chips ( the good ones) all rebounded strongly. I think also the value gap between Wall Street and London stocks significantly increased. From memory the Ftse was at 6750 ish while the Dow was about 12000. Now its 6400 v 30,000. Obviously Amazon, Apple and Microsoft are a huge factor. In contrast UK constituents are made up of dinosaur banks, oil, telecoms. Basically all negative growth

Maybe thats part of the plan to reduce profits by takeovers!

Cheers S &T.
Have taken heed on ASC.

C. To be honest its simply peer pressure. If it wasn't for phone app trading and they had to open a regular account I doubt 95% of the youth market would be trading. I wonder if there are any stats around to show what % they make up of traders over all.
My boys knew I was invested in the markets quite a while back. The one actively trading now had a fantasy portfolio at school in entirely in FTSE 100. I think that killed their enthusiasm then lol. As far as I can tell most of them invest/bet entirely in high risk American techs, and clearly were down before Gamestop made him 700% last week. Have suggested that he close all if he can, citing 'leave a little profit for he next guy!' a failing company on 700% rise? Even the Wolf on Wall Street writer has got involved now, urging caution. Some are saying they don't even care about loosing money , they just want to make a point. I think that has been amply made. Hopefully it will make these shark shorters a little more wary now they know there is a world army out there prepared to do what regulators & FSA have been failing in for years.
Week ahead I will be looking at adding to Boo, opening in ASC and getting back into Saga to a lesser level if I can get the right price. It seems the insurance arm is still actual profitable but finding the market very tough. The cash burn on travel is still covered by those profits. The only thing really hanging over them is the covenant waiver on ship loans is only secured till March 31st. They are currently renegotiating to extend that waiver which is not expected to be an issue although may dampen the sp till that is actually fixed. So I think you have to take a view on that , because when it is renegotiated the sp is likely to re-rate significantly again, plus of course on the resumption sailing 80 million per annum added to the coffers plus all associated travel revenue to add to the insurance profits.

Blimey Boo definitely don't need cash. £390 million in the bank.

Had a lovey chat with my youngest son today, I think he rang me to tell about these shares great shares he bought a couple of weeks ago, Gamestop! 'Its great dad, cancelled out all my losses in one go.'
Its been an ok week for me dodged a couple of bullets, taken a couple of hits and just come out slightly up, mainly thanks to a substantial overweight position in MCRO. Still pondering whether to buy back Saga. Have to look at the update again over weekend. What does the platoon think on ASC now. Are we expecting another placing. Boo will presumably need some cash too, either credit facility or small raise. Bound to need something to bed in the acquisitions if not for the actual buy. Have good weekend one and all.

FT this morning :“Sir Philip acquired Arcadia for £850m in 2002, a year when Asos’s revenues were just £4.1m and Boohoo did not yet exist.” Interesting perspective!

Top Shop went to ASC.It was Dorothy Perkins, Burton and Wallis (no idea who they are), for 25 million. So 80 in total. What a fabulous deal! And great ambition. MCRO taking off again. Who knows where that could close, something slipped out or shorters running scared after this weeks events.

I have been quite negative on BOO in the past because I couldn't really see them as anything more than an online flimsy girly cheap load of toot retailer to be honest. This sudden flash of opportunity at a time when Boo particularly is making piles of cash and seems to able to fund the Debenhams purchase at least and possibly some of Top Shop and Burtons off their current balance sheet is a no brainer Imo. Don't think it looks like I'm going to get a top up much cheaper, but I think as I said before will wait for dust to settle.

Thats exactly right S. They don't want a load of shops on multi floored buildings with long expensive leases or the staff pension schemes. We know what Philip Green has been like in this regard. The brand like M&S is strong throughout the world. Like it or loathe it, it takes decades to build that up. They have many exclusive quality brands. I think people didn't really appreciate how much work that Debenhams had already done in setting up a website already with a huge client base. It also opens many new markets, cosmetics household etc, and older and wealthier clients. I wouldn't be surprised to see both ASc and Boo find themselves a few brand new mega stores in high footfall retail areas in the not too distant future. Its more the long term that excites me. I simply don't know how long it takes to integrate and expand the business to justify the acquisition price. Sounds huge, but I think will prove to be an absolute bargain. I suppose does look a little like Barclays and RBS competing to buy the Dutch Bank, but I think they have more senses than bankers and are not likely to bid against each other. they know which bits suit each other better, and not focussed on one target. The moto is not to compete with the opposition but crush them, which has pretty much been done for them by COVID, although high street shops have been struggling to stay relevant for most of this century to be fair.

Dow futures falling a bit, only .8% but keep an eye on that

Certainly getting out of saga paid handsomely being my largest holding superseded by Mcro now, and pretty near top . I'm not at all sure about buying back yet. The debt spiralling was not what I expected in the update and clearly not what the market expected. Coupled with that are Vaccine concerns for the whole world not just aged cruise passengers. I'm sure if any one can turn it round DeHaan can, but expect a lot more volatility. Be interesting to see how America fares later having a volatile session yesterday but in the end hanging onto half its rally from day before's fall. Are we going to see big gyrations again or was it coincidence that robin hood has been the catalyst this time?

Morning. Join the club S/ I sold IGG, paying too much for Tasty trades, mainly to top up in BOO, but its already jumped, while ASC falls . Both carving up the uk clothes industry . One goes up the other goes down, Probably best to let some dust settle. Boo initial spiked on Debenhams takeover (masterstroke) and then fell back. Might do the same come Monday, although broker targets all north of £5. Well done reddit highlighting how bent a large part of the exchanges and institutional investors are. We all knew that, but this time piggies caught trousers down fingers in tills.

morning all. Closed small position in Heiq. Thats why I only take small positions in stock like this. I think its very interesting company but they don't always make great investments.Clearly their trading statement may have more info . Will definitely think about getting back at some stage.
Not much else on the radar just now. Still adding to Boo and IGG on drops. Gl

Yes quite relief to see Mcro on the up again. Bounced of rsi of 30 which was spot on. Easy to say after the event of course.
Yes M I ran my own small micro sourdough bakery for about 6 years from 2012 as a sort of pre retirement job, having helped start up a whole food bakery in my youth for a year or two. It was great fun, but exhausting.
Taken a small position in the Swiss textile viroblock company. Very interesting. Only floated just before Christmas. Their first update seems to have upset the market but only because they are reinvesting the sales like any intelligent young company would .Their presentation was fantastic and their reason for choosing to on the London market rather than the Swiss or Nasdaq was perfectly plausible and well thought out. They reversed into an existing small company which can be a lot cheaper than going for an IPO. Very good website. Some people seem to be leaping in taking quite large positions. I'm doing my usual drip feed.
Kromek excellent continued presentation from last night with new FCO was also very good. Still 18 months off profitability but they are well on the road to it. Medical diagnostics, digital security equipment . Now trialing radiation and pathogen detection . Brilliant little British company up in Durham, trading all this scientific gear in over 40 countries. Will be topping up I'm sure but after a ridiculous fall ( bit like MCRO) has now doubled again (a bit like MCRO!), so maybe a retrace into teens again.

Morning everyone. Yes Chatting to partners son in Australia about sharedealing and other stuff till late. I think my decision to offload Saga was wise along with S & M. Amazed the SP has held up so well so far. Debt soars refinancing to be negotiated. Not sure they can claim the finance anywhere near covering the travel arm with insurance side. Quite an interesting Melomonday webinar last night too. Discussed HeiQ, Tattoo, Kape and KMK. Will be followed up with a chat with KMK's new CFO which is what I really signed up for. HeiQ is a really interesing Swiss textile technology company. Basically they make or treat breathable fabric and have anti viral properties. I remember years ago when the good old food police made us chuck out all our lovely old solid wood tables from a bakery I worked in and replace them with nice shiny plastic ones. Of course later they discovered wood had natural anti bacterial properties while plastic tables are bacterial traps that have to be cleaned and disinfected every time they are used. I digress .Any how we get to vote on whether would would buy sell or avoid at the end of each share discussed (about 500 of us). Will monitor them closely today.