Member Info for Petr_

Thursday 1 February 2024 Full Year 2023 Trading Update

Wednesday 27 March 2024 Full Year 2023 Results and Strategy Seminar

Thursday 16 May 2024 First Quarter Trading Statement

No, not really.

But I hope, that compared to today´s shares price level, the dividend to be paid e.g. in two years from now, will be 10% +

(for sure if so, the share price would be much higher then...)

Thank you, I find it quite generic, no exact numbers, Vanquis not mentioned explicitly.

Hopefully todays sell-off was caused by the US CPI / macro environment.

The new management team is complete now, chosen managers with the interesting profile,

so fingers crossed to see in the next trading update first signs of the presented combination of:

1/ labor cost saving

2/ increased margin after the product cost increase

3/ increased revenues

and the profit for 2023 on the upper range of the guidance...

hope it will be catalyst to see the share price at least in 150s in H1 2024...

P.

Hello Pooks,

do you have any reference / websites link?

Is the today´s drop linked with this rumor?

Thx

P.

Not sure any substantial news will be / can be published before the next trading update.

Some changes in the course might be:

a/ approaching the trading update date (expecting good or bad information)

b/ macroeconomy

-> no other option than being patient now...

Overall market sentiment?

(Powell reaffirmed determination to increase rate in US further if required...)

=> shares seen as risky react on the environment more sensitively...

With the new management team, it makes sense to me to wait for additional several quarters to see if they can stick to their words and achieve the sustainable growth.

I would appreciate management to provide the annualized objectives for the annual profits for the next 5 year period to see, what is the potential profit per share / future value for shareholders...

If my understanding is correct, than the subject, who is willing to make the hostile takeover, has to get the control of the majority of the shares, right?

Today I see that the shareholder structure is very diversified and the biggest share holder seems to have 12% of shares.

I doubt that even if there is the offer done e.g. for 35% premium compared to current share cost, that most of the shareholders would be willing to sell their shares, as they would have to sell them with the huge losses

(and no reason for them for selling if there still believe the company is undervalued)

Furthermore, the current management has many options how to defend

(but last time the associated cost was like 20mio....)

So I would perceive this risk as indeed rather low for now.... or am I missing anything important?

But there was one attempt several years ago, right?

(when it was in the range of 2-3 pounds I guess)

Holding / averaging down (recently averaged down to 6.7 to 2.2) my position since 2018 and indeed, it is really frustrating to see the current values, even considering all the inflation during those 5 years.

There was really a big disappointment seeing the latest TA, after all those superlatives stated on the beginning of the year by the old CEO.

At the moment this is my worst investment in the portfolio.... but still believe the share price will recover at least to 3+

in 1-2 years.

But I would not dare to do any statements like "the bottom is in" or "MMs will not let it go down more" or "in 1-2 days we will be back in 120s"

I don´t care where the share price will be in 1-2 weeks, because in the long term, the share price reflects the company performance. So the only hope is that the new CEO will be transparent and will provide the concrete, measurable guidance and will reach it to regain the trust.

So we need to see the improved business trajectory and first this will be the solid foundation for the gradual share price recovery...

GLTA!!!

From my POV overall positive update, but for sure to be confirmed by the results in March.
Change of the name / CEO perceived positively (seems Mr. Market likes it as well)
Hope to see positive trend continuation on shares price...

Double bottom coming?

@Barrie: frankly, I find energy sector as much more rollercoaster / lottery than this one ... :-)

As I said - don´t look at the chart daily - there is no matter what there will be prior to the next earnings update.
If earnings update good (or couple of next earning updates), you will be rewarded...

Good recovery indeed, only 3.00 £ left and we will celebrate ;-)

Let us celebrate 500 one day ;-)

@Barrie: good move in the SP in the recent days -> never let your emotions decide if the price goes down on no clear reason (never speculate what is behind the move etc.) ... ;-)

I was talking about 3+ years objective ;-)

Barrie, you shall not look on the chart daily.
You never know what is behind the price move (e.g manipulation etc.)
Now you are lucky that it rose 2 days in the row but it can happen that in 1 week the price is 100 and in two weeks 180.
You shall trust your strategy.
If you believe company can deliver solid figures, once it happens, sooner or later share price will follow it.
I still trust this company delivers within 3 years the profit of 150 mio pound -> 0.6 pound / share -> P/E 10-15 (changed image, investor will believe in further growth) -> 6-9 pound / share price

Some famous investor said something like
I bought shares for 10 which later decreased to 2 and I sold them for 30 finally...
Look e.g. on the oil producer CPG ->
Before COVID the share price was e.g. 10, then
last year you could have bought it for less than 1 dollar
now it is being sold for 7.5 (and there was already peak at 12 this year...

Sometimes it can go quickly...

e.g. I remember the day several years ago, when PFG rose more than 50% in a day

Fore sure, what ever can happen...