Member Info for Paddyboy1

Fish, probably the best approach. Lets face it even a great update would raise it say 20% to 75p. Still a great price. 15p missed out on but that is the price for the peace of mind that things all good!

I think worst case here is no buyers for NA business; EBIT below £160m & they announce CR which i absolutely think is appalling if it were to happen those 2 would need to be out. My hope is RNS which say EBIT is £170m+ & we are making good progress on NA sale. Reality will probably be something between the 2.

Smokey, you need to understand that lots of these shorters will have a long position as well to hedge against the unexpected. GLG are winning big here regardless!

If the numbers are poor on the update & no progress on NA sale you could be looking at a DOCS day but it won't tank on the basis of a tiny short increase. On no info i wouldn't expect it to go much lower than current levels. It's just treading water here waiting for the bombshell to drop!

HV, prudent to wait until the RNS. That is what i'm doing anyway. Will probably add a good chunk either way but adding before results is usually a bad move

The annual cost of servicing their debt is forecast @c.£80m. They have only recently refinanced their bond & they have cash in bank. Short term financing all seems reasonably okay to me. Some peeps get a bit carried away with comparators such as Cineworld which had something like £8bn debt & no revenues coming in. Different gravy altogether. If this shower can maintain & grow revenues the future potential is there IMO. The work needed here is on improving ROCE in order to get the earnings back into a profitable state. New blood is needed here. With the right management in place this company can get back on track!

They had £800m in cash & RCF last time around. Should be no need for any capital raise. With £3bn revenues coming in a fund raise would be another display of incompetence. To go from divi payer to fund raiser in space of a year!

JG, Remember: At the end of the storm there's a golden sky!

Hi Hindy, what i don't understand with all these short term type trades is really how you can make profits of any significance while risking missing out if the worm were to turn. I think you've been commenting here since the 120s level. I'm not sure what your initial entry stake was but obviously the trend has been overwhelmingly down since. Same with say JWs comment. Selling at 77p to reenter @68p. Retrospectively it all looks great of course but i don't believe in the real world that is the mindset. Of course all of us would have sold our entire holdings @92p regardless of losses if we knew we could buy back in the 50s. Everyone's mindset then would have been the SP was heading for a £1.

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.

It's actually holding up quite well today when you look at the broader market. Sea of red!

Amazing how the sentiment changes though. I remember post covid vaccine people scrambling to get into this for less than £2!

Funnily enough though i remember when Wood Group sold their Build Environment asset for £1bn+ the SP hardly moved!

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!

Garat & Stamp are probably cutting & pasting Kenny Wilson's resignation speech!

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!

If they can shore up the balance sheet it removes a lot of the short term uncertainty here which the market will respond positively to!