Member Info for Paddyboy1

At even the lower end of the earnings forecast this would have a P/E ratio of less than 2 which is insane. I really can't work out this share. It screams buy more at me but then i see the shorts rising!

In 86 days this business has had £245m wiped off it's market value! That is bizarre. There will be a correction here i believe sooner than we might think!

I disagree. From a 30 year ATL to move from 50 to 80 in a day is not remarkable or out of the question at all. It doesn't need a T/O bid for that to happen either! People have very short memories. This was 90p+ just a matter of weeks ago. The rise stopped due to the results being delayed because of the Germany stuff. Bar Germany we already had the reduced earnings guidance which twonked it to the 50s last year. I really don't think the Germany stuff justifies a 40 fall from 90p!

I remember buying SGC shares in the pandemic @31p.Unfortunately only a really small buy. Sold at 70ish if i recall. was way over £1 few months later!

This is just about sentiment. The sentiment will change here. time is a great healer!

Also if the new CFO arrived & made a statement regarding her plan of action & the SP went from today's SP to say 80p in a day. Would you sell all your shares there & then?

Fish, you are overthinking this one & too focused on the ticker. This will push you into a panic sell. Ask yourself the following questions: 1) is the business fully operational day to day?; Has anything changed fundamentally with the day to day operations recently?; Have they been making lots of redundancies?; Does it have enough funding at least in the short/medium term? When you bought your first tranche of these shares, why did you choose this stock? & bar the SP what has changed & can that be reversed?

Looking at the daily ticker will drive you up the wall. Best avoided!

Shorts come. They squeeze all the shares out of panic/distressed sellers hands on the cheap. They then leave having gone long and watched those lovely cheap shares head to the sky & the beleaguered seller looks on in dismay. Hold on tight to your shares!

Fish, if they announced a £50m share buyback after that update the SP would fall to the 30s!

Certainly worth holding spare powder back in the event they trounce this down big. Look what happened on THG.

JW, the insider buy is not about counteracting the shorts. It's an insider showing a display of confidence. A good sign. Don't knock it!

Lets face it. It hasn't really moved much this week bar the monday!

The clever ones like wace will be well hedged against a squeeze. Not heard of this new shower!

& yes KG is right. Personally i don't really care how much they dunk the ticker. I'm not selling any until the price reflects the value. This will force interested parties to show their hands!

Best not to concern yourself with it if you're already invested as nothing you can do. An opportunity for buyers when they do a raid on the SP though. It is what it is. Doesn't change anything what has already been discussed really. Not based on anything new & happens on loads of shares!

JG, not really, they just know there'll be no update for a while so they can hammer & chisel away at this in the meantime. I'm surprised it's held above 50 tbh!

Remember: 'This too shall pass!'

Fundamentally what we have here i think is a good, solid business which quite simply is not making profits , it's making a loss & is servicing a large amount of debt (which it always has done) but now in poor macro economic conditions. It is not expecting to make any profit until 2025 earliest. There is currently little reason for buyers to buy into this share. It really is fertile ground for the short seller to flourish. Much as it's frustrating watching money evaporate seemingly daily i think it's important not to lose hope & panic sell. When this does turn it should turn big but people nee to hold their nerve. I've always taken a 5 year outlook here so will review in 2027. Keep the faith ( & your heads)

'MCG is distressed' Err, no MCG's SP looks distressed but the company isn't. Positive FCF; Funding secured till 2028 at least. £2bn in cash & facilities. How is the company distressed?

Evolve strategy. Well if this is what they call evolution we might as well all pack up & go!