Member Info for Paddyboy1

JG, Yep C'est la Vie. No point in crying over these things. Life's too short!

Big drop imminent when US opens!

What really puzzles me about this company is that they are producing consistently higher numbers on their revenues but the ebit numbers are not following suit. What i always lied about NEX/MCG as a long term investment is that their product/service offering is fairly demand inelastic & not hugely price sensitive. It is bizarre that they are achieving a ROCE of 20%+ in some areas but 4% in others. I thin this is really where the management have got this wrong.The pricing needs to be reviewed. Customers know they have to pay more when inflation & costs are increased & they will not switch to using the train @ 50-100% higher prices. MCG needs to up their game on this & in the end if people don't want to pay the prices then MCG should pull those routes or services. This is a business not a charity.

I regretted not buying Ibstock @ Covid lows. It's now 10p below that so under my radar but just holding back for now. A lot of building related stocks have been hit badly like MCG. Will recover in time!

I really think some people need to stop daily watching the ticker price. These markets are really appalling & i know it's a big stresser & causes unnecessary panic selling. I alluded to this yesterday. Sometimes best to just take a step back & ask yourself. Has the day to day running of this company changed? Is it solvent?; will it still be trading in 10 years? if yo think the answer is yes to those questions just relax & allow things to play out. So many shares have been hit lately: SPT; SFOR; KCT; IBST; MSHL & so many more. I'd had those one's under my radar for last 3-6 months & all doing poorly. KCT has a t/o bid but most holders getting shafted there. Personally i bought my last tranche here @76 before last weeks dip so i thought i was sitting quite pretty & had expected this to be up near £1 by now. Obviously a rubbish RNS hits & here we are. In 7 days from hope to disaster. But that is it. 7 DAYS. This share like many others will need time to recover. It'll probably be years before these global conflicts & macro problems really calm down. None of us know what tomorrow will bring here but i concur with several on here this is not time to crystallize losses at all time low levels!

I imagine this will continue to drop simply becasue it has now fallen from FT250 index & trackerfunds will be offloading. Once they're done should see a bit of am upturn!

T/O bid @ 65p then

Will be in the 40s by next week; 30p by Xmas

Another THG!

Nothing. There is panic abound. I'm holding out for 30p now to average down!

They're waiting for 30p!

Day to day this company continues operating very much the same as it did 12 months ago or 5 years ago. The 000s of staff who work for MCG will probably be blissfully unaware of the SP. It's just sentiment & macro. The markets want change at the top here for sure. If you can't take the troughs with the peaks in this game put your money in a Building Society account.

If you think this will go to 30p i suggest you sell quickly! Good Luck with your chosen alternative!

These are Anderson Shelter & tin hat times for shareholders in lots of companies. Incompetent Governments; wars; inflation; high interest rates. There is little reason for people to part with precious cash to buy shares. It's about being able to weather the storm & see it through. Without decent macro or company specific news this & other shares will probably continue to drift. These are the times to buy shares if you have the appetite for risk. Daily moaning & fretting is not going to change where we are!

The equivalent of MCG trading at an almighty 8p. Count your blessings!

A sense of perspective is needed. If you'd invested £10k in SYNT 6 weeks ago. You'd have less than £900 today!

Lots of moaning on here about SP but sometimes you need to look around at other shares & how they're performing. On the one hand look at the likes of Rolls Royce. Similar price behaviour that we see here for ages & now look at it. Also look at the alternatives that i've seen being touted on here. SYNT, AVIDITY. Total disasters! This is a market & if you can't take the heat get out of the kitchen!

JG you are talking about 1 year. The company has been going in one way or another for over 50 years. The wheels of the coaches will keep turning whether you or i are invested or not. Relax

Well said Lara. Lots of panic here. If you don't believe this share is underpriced just sell & move on. No point in stressing over this type of thing. If you don't have the belief that this will turn, why stay? Move your money to another stock you have more confidence in. Personally i think the only risk here is the NA business fails to sell which would raise the prospect of a potential RI. That is a few months away yet. Just keep calm. Looks like this SP is being played a bit to me if shorts are reducing.

Kin & Carta getting taken out at 110p per share. Derisory offer really but nearly doubled my cash there. Doesn't bode well for the type of T/O offer that might be touted here!