Member Info for Paddyboy1

Debt is not high. Debt to equity is high. That is due to the SP being savaged by shorters et al. The debt here has been relatively consistent over the past few years. Certainly is no concern to me. I expect & actually hope debt increases if the money is being properly spent. I'd imagine a fair bit of CAPEX increase coming with all the investment in electric vehicles etc!

KG, i would never normally have put so much cash into one share but had some funds from a property sale so when this started getting into silly discounted territory i just saw it as an ideal place for the cash. I see this as minimal risk & huge potential for a LTH. I firmly believe that those waiting for a buy at a few pennies less than the current levels will end up looking back in anger once the tide turns here, which everyone knows it will. The SP is detached from reality IMO & anomalies like that always get corrected by the market at some point!

This share is looking very true to form with all RI shares. I've had the misfortune to be caught on a couple of them in the last couple of years (IAG in 2020 & PFC in 2021) The SP always ends up hitting the offer price or dropping below it. This will happen here too. It'll be a buy sub £5 but best avoided before then. Wait for the underwriting funds to sell off all their unwanted overhang over the coming trading sessions!

Actually nearer 7.5k luvvly jubbly!

I'm not really too bothered whether it drops by 5p, 10p or 20p. I'm getting nearly £5k divi tomoz & maybe a chance to buy another chunk for the next divi. Peeps should relax & just wait for the profit rivers to start flowing here!

First time buyers have already had an opportunity to pick this up below 116 with an extra 5p in their pockets on top. I don't think if people have not bought in by now they will get this too much cheaper. Missing the boat is the oft said phrase i think!

Quite happy for it to go lower. Just another buy/accumulate opportunity if it occurs. True value will come here in the end for those patient enough!

Too much concentration on UK by this bb. ALSA & NAT are the dosh makers here!

QD, No, if you bought these shares now. Your yield increases as the divi increases. It is also wrong to say that the SP increases when the divi does. That is not a given. Look at DOCS. They increased the divi. The SP tanked!. RCH has a 10& divi. The SP has dropped like a stone too!

In a savings account there is no capital appreciation which you get on shares. It's about people's risk tolerance. IMO keeping any significant mount of money in a savings account is just crazy but by the same token investing in some shares is also crazy. I know, i've had some good winners & some big losers in the shares stuff. Overall i've done OK i think! Well better than leaving it in a savings account anyway!

QD, I've seen peeps comment on here that SP is low because the market doesn't like a 5p divi being paid when there is a lot of debt! So on that basis what would they have thought of a 10p diivi. IMHO any FT350 company paying a yield of over 5% has to be viewed with caution. the yield will rise organically for those who buy in at these prices but that will be due to new contracts; increased revenues etc. I'm personally happy for this to float around these levels for the moment. The SP tanking has stopped at least. still a few shares out there taking a beating!

I personally thought a 5p dividend was a great start to the reinstatement of them. If anything slightly over generous. I really don't think the divi level has anything to do with the SP. A 4% + yield is a decent level. I get the feeling very many on here are just impatient for a quick buck here & out when they see other share moving up a lot quicker. Don't forget those that move up fast come down fast. This is a long term grinder for me. I'll stick another £20k in the new ISA on Thursday & get a few more of these at this price i hope!

LG, i've been following 888 since the big dip. I'm thinking of taking a small amount if it goes sub 50p. Bit of a risky one i think but what isn't nowadays?

Moonman, much as i love the expensive car analogy it misses the point. The shorts are borrowing these shares & then giving them back. Staying with the auto theme. It's like leasing a car rather than buying one for cash or on PCP. You pay a monthly charge to use the car for a pre agreed time & then give the car back. The companies loaning out their shares are like that leasing company. So long as they get their shares back after the agreed term they don't care. You have to understand that institutions have a very different mindset to their shares to a PI. They don't watch the ticker every day & they have huge numbers of share in lots of different companies which they usually hold for long, long periods of time. It is not their personal cash. It is a mass of funds from people like us who choose to invest via a fund rather than off their own back. Unlike many PI's Institutional investors don't day trade or swing trade & they are not sensitive to price & price movements in the same way as Joe Bloggs PI is.

Short selling is very frustrating for existing investors. Obviously noone likes to look on as their money seemingly evaporates into thin air! All i can say is this is about patience & being prepared to take advantage of the opportunities that short sellers present to investors who have done their research & can recognise a bargain when they see one. QD, the shorters won't just dump 15m shares very quickly. All the sells & buys are done by algo trading which can judge the volumes; buying pressures & such like. there is very little human involvement in these trades. I have seen so many shares subject to shorting in the past. So many & they all come back to glory unless they are fundamentally flawed!

2.5% = @15.5m shares loaned to shorters. The 2.5% is the total of declared shorts (i.e. those who have 0.5%+ short) The real number could be a bit higher!

Loos fairly up to date to me. Has FY22 results on there. Certainly institutional holdings more than 11%

https://www.marketscreener.com/quote/stock/NATIONAL-EXPRESS-GROUP-PL-9590116/company/

LG, it's not confusing at all. The SP is currently 1.21. In the future at some point it will be much higher. That is all you need to know. Who cares about the daily trades & stuff? All meaningless!

That said, i think TUI is coming into buy territory for me now. Best wait till the RI drama has subsided a bit!