Member Info for Paddyboy1

That looks okay to me. No huge shocks. Stamp out, Good! Liquidity £2bn in cash & facilities so all good there. Debt flat, FCF flat.All looks ok. Not going to rocket on this but no DOCS day either!

Always amazes me how the sentiment changes people's approach. When this was £1.50 people were starting to buy up saying how cheap it had become. 10000 shares at that price will now buy you 25000 shares but i sense far more reluctance to buy at the lower level than the higher one. While obviously the news on this share has been almost constantly negative since that 1.50 level i haven't actually seen any news which could be considered a total disaster (i.e. affecting this as a going concern). For me Monday will be a time to buy here for sure unless there's catastrophic news but even then if it's a tin hat day could be a great opportunity to get these dirt cheap as if they're not there already!

AKASM, 7am Monday morning. Don't have nightmares. Sleep well!

As i understand it the impairment costs were factored into the last earnings statement. The Balance sheet in itself, now that the short term debt has been refinanced actually looks very similar to the balance sheet back in 2018. The big difference being in the earnings hit from the impact of Covid. Barring no black swan events if they can get the earning back on track to the 2018 levels this could do well again. A long road ahead here though for sure!

HV, i really hope you're right on the 50%. I've way too overweight on this one anyway so adding more at this point is probably not best. Will see what we get Monday!

Net Assets: £1.4bn, Mkt Cap: £360m. Doesn't stack up!

Not wanting to raise the old intangibles chestnut again but the price:book is looking a bit crazy here now!

HV, i suspect a lot of peeps just waiting for Monday update. I'd expect even an RNS just confirming everything in the last one with no hidden delights will push it upwards. The fear of a DOCS day will be putting off people committing funds today!

Hindy, well, yes i have swing traded a few shares in the past CPI; Cine; IAG spring to mind & i've usually done okay really. 10-20% gains in a few days isn't bad but i only use small amounts at any time. Not my thing really though. I prefer the long approach as not really labour intensive. This one has really wrong footed me & a lot of others i think but i think what you're saying is probably correct in that the bad news is pretty priced in here now & for this to tank big would take a really poor RNS release. Interesting to see the price action here tomorrow as well as the stuff always gets leaked out. Nonetheless i'll be buying on Monday i think either way as for me these shares are just too cheap IMO!

Hindy, I didn't say loads & i agree it's not a day trading share because you need 10-20% swings daily IMO to make that viable. A fair few trading this now short term as far as i can see. Each to their own!

People need to remember that very few investors ever catch the bottom on a SP. On most investments you will spend a period of time in the red. That is a given because as soon as you buy you incur a trading & stamp duty cost. Best not to get too fixated on the daily SP. Anyone here who's bought these for sub £1should be well rewarded if they can remain patient & avoid panic selling. This is a huge global business. The worm will turn eventually!

Fish, same as, i've not sold any. Just accumulating & also plan to add on Monday if the price is right based on the RNS!

My main concern here is liquidity/headroom issues. I believe a company like this just needs time & quite a bit of it to return to profitability after a black swan event like Covid. Personally i've read all the documents based on risk assessments etc &i really don't see any huge concerns thus far!

Fish, don't forget it had gone back up quite quickly from 54 to 92. The drop back was confirmation of the earlier profit warning.

Depends on the individual outlook i suppose. On this bb there's a mixture of day/short term traders & those with a long term 5 years + outlook. A lot of people are deep in the red here (i'm one of them) so are feeling a bit jittery most probably sitting on paper losses of 50% or more. I'm not overly concerned myself. Have been in on much riskier stock than this one. Confident this will play out well over the longer term but i understand why a lot of nervous investors here!

The delay in itself is not a concern if the reason they have stated (i.e Germany stuff) is the true reason. Germany represents less than 10% of group revenues. If after making the delay statement they then present more bad news in the presentation it will be time for the clowns to leave the circus!

An offer can be made at any time. I think you're referring to them going over the level where they are compelled to make an offer. Cosmen is a board member at MCG. He can't make a bid during results. Insider trading etc!

Would be in a closed period atm!

Well the debt levels are what put off any potential suitor. Blow the debt away & this will get a bid like what happened @ WG.

Well hopefully they announce the NA sale at a good price & the SP is still 60p. Big asset sale didn't move Wood Group' s SP much at all as i recall!