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A sub £1 type average here would've been nigh on impossible over the 30+ years this has been listed as it's only gone below £1 3 times i think. In 2009; 2020 & now. The cyclical SP is very telling here. When things improve the rerates here are very fast!
JG, need to relax mate. I think you're less underwater than me or similar. I think in the end we're both probably in on this overall for decent averages & with the right mindset will ultimately make money on this. It is frustrating i know but i'm given up stressing about this type of stuff. If you've invested too much & need the cash then fair enough otherwise best to sit tight & wait as things will turn here eventually. You're reading too many of these posts about people slicing for a few pence here & there. Buying in the 50s & selling just in time @91p etc. You know it's all BS really. all retrospective so it is BS. Ask why would someone have sold at 90,91,92 when it looked to have turned? They wouldn't have. How many of the 614m shares in issue do you reckon have been bought for less than £1? very few i'd guess. There's many investors out there sitting on much bigger losses than you or i but none of them are selling!
Seems to be quite a few kind of day trading this share. A lot who i recall were buying or saying they were buying when it was way over £1. I'm not sure how that strategy works but i doubt it's making any money. I sometimes wonder how many of the people who bought RR shares@30-40p have stayed till £4+. A new CEO did wonders there! I don't think this share is 'risky' at least not in the Cineworld context. The debt is too high. The management is weak. Macro is poor etc. But the underlying business seems fine (£3bn in revenue & rising annually) This company will either improve or it will be taken over is my take here. Barring any terrible news this should be near a bounce level like it bounced off 54p before.
JG, they've told us the situation in the last RNS. It's about whether the market believes they will deliver what they say. Clearly they don't & the markets are dire anyway all round really. They can't say about NA sale as that is a separate game changing RNS itself!
Yes, i'm looking to average down some more here as i still feel this is a good bet for 5-10 years hold which is how i've always viewed this one but seems prudent to wait & see the situation. I'd prefer to pay a 10-15p premium from this level with certainty than have a DOCS day tomorrow!
Well the pricing & the cost reduction stuff are a work in progress & will take time to filter through. The big issue is the co is stumping up £80m pa in interest costs to just service the debts. Along with the impairments & stuff it all is eating into the bottom line. If the results can show a small profit at least & positive progress on NA we should have an upturn. If they turn out a loss & no NA progress this is tin hat land i'm afraid!
Smokey, The buses stuff is fairly small beer here in context. We need to know have they or are they selling NA & if so at what price. I believe if there is a sale going through at a reasonably good price this will turn upwards. If no progress on that front then further drops i suspect. The pricing issues & he Germany stuff will be rectified in time but the NA sale is critical IMO!
Barney, i imagine most punters will be waiting for the results announcement before adding or committing funds here. On the basis of what they've told us so far this is way too cheap. the problem is we, & especially anyone who's been here a while have become so used to this lot dropping some shocker that it makes sense to wait. I think i'd rather pay a slightly higher price to have some assurances going forward. No announcement this week & i think we'll be seeing 50p or lower!
I think the only reason Cosmen hasn't done anything about it is because of the opportunity it has created for him to load up on the cheap. It's pennies from Heaven for him. This is the reassuring thing here among all the other stuff. He would not be buying loads of these shares to lose his family money. He will know the true potential here far more than these fly by nights Garat & Stamp!
Yep, i think we all know the value is there & is much higher. Personally i been in this too long & too heavy. I'll stay however long it takes but it's tedious watching such a good business getting destroyed by those who are supposed to be creating more value!
This will come good again at some stage. Nothing wrong with this business & is a well known & well regarded brand. Those companies always come back eventually. This is not Cineworld or anything like that. Just got a bunch of fools running the show that is the only major issue here. I'm sure they'll be out soon unless there's some major positive news!
XxxAccountant, if there was a RI this will be in the 20s or lower. I don't think a RI should be required even if the NA sale fails as they have enough liquidity to operate for the foreseeable at least. For me the fact that it's where it is atm is shocking. I hope this turns soon as it's becoming a real basket case investment. Personally i do think this duo at the top need to go & some new blood needs to take over. They can't seem to get the basics right. So many mistakes: Dividend then no dividend; poor outlook guidance; no due diligence on contracts etc... How can they justify their positions here?