wow-indeed31 Oct 2018 10:25
morning all - thought i would put my two pence in to the pot ,it has ben an interesting couple of months to say the least ,all the data coming out should of put us well into to 10p--15 pence range however we are dropping slowly to under 6p,am i concerned ,not one bit very happy to add more , the reason we have not rose as expected are threefold
firstly we had old man bachmann selling off ,followed by paul moffet however bachmann is now under 3.9 %note he started at 10.33% and paul M is now at 2.75% this actually may be less as now under 3% it doesn't have to be reported to the market i also believe backmann has stopped selling and is keeping 3% as for paul he's probably sold off either way both of these players are nearly out of the picture as the old saying goes you can only sell once.
secondly and i think this has compounded the issue is brexit ,yes i know its a aussie company but the fact that most of the investors are uk based , the market and in particular construction just look at the share price of taylor w,crest n,barretts some of these are over 40-50% down on the year , the ft 100 is over 10% down from its peak , investors are a little panicked at the moment , until brexit is over 5 moths to go !!! people are not investing as they would do normally .
finally the market doesnt forget past sins easily ,its all very well saying we are doing great and this is what the end of year figs are going to be ,but how many times and and how many companies have then brought out the final results which are totally different to what was said , so until its in black and white the market will not respond favourably so we will have to wait until xmas for this one , i personally believe they actually will be better than forecast.
i read the interview the other day , and reading between the lines , i would seem the only problem mrs has is too much work , it can't cope with the new orders - not a bad problem to have i would say ,i lot going on behind the scene's that he can't at this time inform the market - i think he was referring to expanding whether this is in the form of a buy out of another company or simply buying other shed , he also indicated they are going to have to buy more equipment well if you need more equipment you are going to need a bigger shed or a secondary site i also noted the increase in bachmann profit -it doubled !!!! last year so with the two big contracts for this year what fig this year
as i write this just seen the 39K sell and the 6.5% rise in our share price paul m finally out and the mm know this no more sellers so they have let the price go -who knows
what i do know is that in six months from now people are going to look at the share price and wounded why they didn't invest
gl all mrs lth
Sign In
Follow the stocks
