Member Info for PatShare

Bit cruel :-)
Even smart people lose money.
I'm not stupid by any measure (I hope) although quite new to investing, but even 'safe' stocks I bought have lost money!
I have made some good decisions along the way, also some bad decisions that didn't work out, or maybe just haven't worked out yet.
Like HE1 - if they drill and get discovery everyone will be slapping themselves on the back and saying how smart they were and what a great decision it was to buy in, and those that didn't buy in will wish they had; no drill and no discovery and the opposite will be true.
Investing - damned if you do, damned if you don't!

Hi Bergcarls.

I'm guessing that increased net debt is a bad thing? Am I right in thinking that if either Sheikh Holdings or DBay make a formal offer for CTH @ 750p a share they would also inherit the net debt as part of the deal?
That doesn't sound like a good investment to me.

I'm not so sure. Why did DBay dump a chunk of their holding before? 48M shares as I recall. Seems odd. Maybe they were de-risking their investment or just needed operating funds?
I think we worked out a while ago that LDG should now be worth about 20p a share but as we see now trading just over 13p. Assuming they went ahead with another buyback of say 64M shares at let's say an average of 15p, that's about another £10M eroded from the remaining cash pot that we estimated was about £99M plus the CTH investment of £13.1M. The remaining value of LDG would then be around £102M all in, with around 498M shares in issue = 20.48p/share. Not a massive difference to where it is now.
I still think DBay would dump another chunk to take profit from their investment and all the time the remaining cash is doing nothing it is being eroded by inflation like all of our savings. Unless LDG invest the pot this will become worthless eventually IMO.
It will be interesting to see what unfolds.

#metoo

@ zoolook
To be honest I hadn't read what the Resolutions were (special or otherwise) just assumed it was a box ticking exercise, apologies.
Another buyback? Interesting. What makes you think it would be more successful than the last one, when they bought back 140M shares? Could just be another effort to raise the SP to enable DBay to unload another lot of their holding at top price. Beware is all I would say.
If they go ahead I would get out as soon as the SP peaks. I missed out nearly 2p a share on the last buyback, could have had nearly 16p, sold at almost 14p when it fell back.

RNS posted at 2:08, all resolutions passed.
Nothing more exciting than that.

Hi eviking, yep, still here.
No longer invested here but keeping an eye. Not posted here for a while as so little happening I slipped into a coma!
Much like the SP, seems to be slowly sleep-walking back towards 13p.
It seems such a shame after all the early hope when they offloaded Stobart then had the buyback to close the discounted SP to NAV and had £134M in the bank. Sad.
My guess is they (DBay and LDG) are still mulling over the potential buyout of CareTech - if that happens it will do wonders for CTH holders but probably not a lot for LDG holders. Only time will tell.
Mind you, wishing I was still invested here as my other holdings are having a terrible time, I'd still be in profit with LDG!!
Strange times.

@ Dmors

Wish I was buying in at this price instead of the 472,000 shares that owe me 1.086p each.....

Mustn't grumble though, I know there are plenty with much larger holdings in a MUCH worse position than me.

Roll on the funding completion in June!

@ oivs
The other day someone posted that 10p was the new floor for this share, they should have kept quiet :-) Kiss of death for 10p!
It probably won't go above that again until we get actual factual positive news or a 'leak' makes the SP spike again like it did the the week.
Anything less than that will see the SP drop further, doesn't bear thinking about :-(

Thanks Ojay, nice to be appreciated :-)

Wow, just a single lonely trade today - 871 shares sold at 18p!

I can only imagine that was a sizeable loss to some poor sod that invested here, decided to get out while they still could probably.

Speaks volumes.

@P79u
Some good volumes for sure, can only be a good thing.

I just wish someone would buy something... anything... seems to be all sells today.

Even so, the SP is holding steady it seems, no dramatic drop.

Oops, hit wrong key... try again....

@ ITV

'horse head in bed' mafia threats?
Just saying....

Wish you hadn't,
now feel alone AND scared :-)

@ ITV

No one posting here this morning? No speculation about who, when, what, where we are drilling or what the SP might do?
I don't like it when the BB goes quiet, makes me think everyone else has sold out and I'm the only one left.....
Or maybe you are all frantically digging for any morsel of information that might give us an idea of what is happening in the absence of the long-awaited RNS?

A nothing burger?
Brilliant.
Not even worth the paper the chips are wrapped in, "would you like salt & vinegar on that wound sir?"

I'm no expert here but seems to me to be the usual knee-jerk market reaction to what is actually a positive and explanatory RNS.
They aren't really telling us anything new, we all know there are Covid-related problems in China, lockdowns and such causing manufacturing and supply chain chaos in all kinds of ways, not least of all oil production in Mongolia.
Only time will eventually resolve all of the issues PM are encountering in their quest, ultimately we will all need to be a little more patient for our reward.

:-)

@Skippysb01 - sorry missed the y before, typo.

Probably got too excited!