Member Info for Paddyboy1

Wigoders buy accounted for about 30% of all the buys today. A vote of confidence for sure, but will the SP be able to stay up if he’s not buying?

You’d kind of think the market would be copped on to this??

Great post Captain. Hopefully when the results come out we will see the impact.

In the short term the OP is of minimal significance here. The SP will move significantly up or down when the German contracts are signed off & a trading update is issued.

Lara, imo the German stuff is the key to a trend reversal. I’m not expecting any huge rerate overnight. Some of those contracts will be dragging down earnings for a couple of years still. The main thing is the removal of uncertainty. I think that is what the market will want to see. If they can also give a good TU with £100m cost saving on track this can only really go one way thereafter.

Dave, much as I’d love to see this rattle up there is nothing solid about the floor until the German stuff is confirmed ok & a TU at least in line with expectations. Until then the shorts can take it lower if they choose.

It’s been to 17p!

Pre US/Iran conflict this looked on a clear path post results back to the 40s. That is a realistic short term target. If the German stuff goes through smoothly could be looking at 50s. Anything higher will need evidence of meaningful inroads in reducing the debt. If they can get the gearing down to 2 this would be much higher. Need a couple of years stability here for this SP to get back to realistic levels.

Just more Trump BS to avoid carrying out the strikes he promised. Wait for Iran to say they don’t know what he’s on about!

Cosmen, Iglesias, White, they are all veterans of this business. They know the true value here & id be amazed if they entertained any low ball approach!

If Cosmen wanted to take this out he would’ve made a move a long time ago imo. He’s a good age now, I think he’s happy just to acquire stock on the cheap rather than run the whole thing.

The SP has been above this level many times in the last 6 months. No leak, no takeover, no RNS. Just shorts reducing that is all!

It’s a 2p rise. That is all.

John, you claim not to be short & you are invested long here. Why are you invested here? At what price did you buy? I must be one of the longest suffering on this stock but I have only ever heard negative input from you, nothing else. So explain what convinced you to buy this dross in the first place?

A trading update wasn’t due in May, why are you lying all the time?

Yes the shorts are increasing. This means they are borrowing more shares to sell into the market. At this point & SP they are losing as these shares are being bought so they need more ammunition to drive the price down. They themselves will have been buying up the panic sellers shares at 17p. That is their long hedge. They are trying to control the SP to their ends that is all.

The shorts here will be well hedged with long positions. It’s a win, win for them.

As far as I can see the new management are focused on getting rid or sorting all this loss making/onerous stuff which Garat & Stamp sat around doing nothing about. That has been the underlying problem dragging this down for the last 4 years. Once these are addressed the SP will react accordingly.

John, they have 10s of 000s of coaches running all over the globe everyday. Do you think all those vehicles are loss making?

£856m in cash & facilities & they going to Wonga.com. Yea right. 5% short is chicken poo in this market. Look at building shares. Most have double figure short positions. Ibstock 15%. All perfectly good companies & the losers are always the panic sellers feeding them!