Member Info for PaulStomach

It's quite a long way from 52.9 (the price to buy now) to 57-59, no?

I'd love it to be 8p > 80p, but can't see that being the case either. Fingers crossed for all holders.

'Key thing to remember here is that there is only a change in the nominal value by the consolidation but its market value, also known as the share price, will be decided by the market factors of demand supply, media news, management ownership of the shares, direction of business and other such events. So, a direct conversion of share price from 8p to 80 p won't happen.' Yes it will, subject to the usual swings in value (which is nil, today). If we close at 5.65p on the night before we will open at 56.5p the next day, +/- whatever NORMAL daily movement there will be. If you think that the shares will gradually shift from 5.65p to c. 56.5p then I respectfully disagree, it will be a step change.

Interesting. Think I'll sit on my hands to see how it plays out for a bit.

You don't often get things wrong, what happened here? Looking to an entry, but not sure where and when.

....great update, trading beyond board's expectations, cash strong, looking great. I'm sure we'd be flying above 7p now if we were a trendier share or were looking for unobtanium in some far flung corner of the globe. Sadly we'll have to make do with being profitable and paying dividends ;-)

Terrific shout, well done.

After 3 years (almost to the day) I've hit my target profit on this one, and I'm out at 107.40. Scary, at times, but a quick recovery over these past few weeks. I'm delighted. Good luck EMGers.

Yes, indeed. What a volatile one this is! The move up seems a bit stronger now than it was earlier, and in the face of a pretty grim day on the rest of the market. I'm sure all the bad news is out now regarding the results, let's see us push on past the mid-60s.

I hear you, having first bought in at £2.50 or so. That said, £1.05 and an upward trend is far better than 75p in a downtrend. If you don't rate it, sell it. Plenty of good stuff out there at the moment.

I know Gary, I wasn't referring to you, I just see it all over the place. People saying 'I think it's going down but I'll buy now'. If they think that, then wait. Or buy in tranches. Personally I'd wait to see it rise a little, then wait to see the rise confirmed, then buy into a rising share rather than buying into a falling share. Equally, I'd miss the bottom but I'd miss the scary sight of actually hitting the bottom. Each to their own. Have you taken a peak at OPHR? That looks interesting for a bounce.

Just saw Gary's piece on Shareprophets, thought I'd take a look. I really do not understand people saying 'I'm buying now but I think it's going to go down in the near term'. If you think that, why not wait? Or why not buy in instalments? Seems bizarre.

....quite quickly now. GLA

Wonder what happened mid morning to cause that little rise then... Volumes are low-ish, and maybe we can assume that GS bought 800k-1m shares today, making volume at the low end. Still, a blue day so far, can't complain.

I understand what you're saying, but there is an obvious contradiction in GS's strategy. If they think the SP is 'worth' only 95p why are they buying from 108p down? They've got quite a long time to execute the share buy back programme, and I'm pretty sure the rules are that they buy at their own discretion so that the company can't influence the buying. So they think it's 'worth' 95p yet are buying at +12% (I know it's lower now). Why would they do that? If their valuation was right then why not wait for it to fall down to 95p then buy up from there....

Well, this was a dreadful investment from me. Absolutely terrible choice. Several months worth of profits from other holdings wiped out and sent into loss within the blink of an eye. Ho hum, underneath it all it should make a return. Jack - hope you didn't decide to hop into MRW, I'm sorry I haven't followed whether or not you did. Ugly, ugly results.

They've just reiterated their previous target. No big deal. And, as they're acting for their client, it might be in the client's interest to remove additional shares from the market.

We meet again! I've just moved my RR holding into here having had a nice time on there. I'm still holding my EMGs though. MRW is a great shout.

Eh? The capital is returned by taking the repurchased shares off the market. The capital is returned by triggering an uplift in the SP. They wouldn't spend $115m to buy shares then pay out a further special divi, that's having one's cake and eating it.

Been absolutely pelted all afternoon. Surprised it hasn't given way tbh.