Member Info for Photomic1962

Looking at the live price, -40% doesn't bode well for good news, Maybe the markets have decided that it's not goin to go too well, but this may just be a temporay glitch, Even so, those in the know would have started buying by now. At less the 1p it would be a bargain if good news were to come in on Thursday. Don't hold your breath, though.

It's not easy to be certain whether or not it will be granted, but if it does, their suppliers wil feel more relaxed about providing them with credit, possibly at a redued rate for a period of time, so if they used to buy 5 caravans, they may only be able to buy 2 and supply more once the stock is sold and the bill paid. That's what I would want, if I were in the suppliers shoes. They also have a business to look after, but even so, their insurers (for credit defaults) wil probably hike their premium as a matter of course due to uncertain trading conditions. Listed companies on the insurers records (like DISL) may not be flavour of the month, so CVA or otherwise, doesn't necessarily mean business is going to be good unless they have secured working capital g'teed for a couple of years. Maybe the recent savings will help g'tee this, but confidence only comes through bouyant trading condtions which at present, we don't yet have. Get through this lot and we could have a good share. Same with Jessops who I bought back in at a low which is an equally high risk. A question mark still hangs over the survival of DISL for now, and the complete debunking of Jessops survival by all bar me, probably means it's me that's wrong! I tend to be more upbeat with Jessops (mostly) and look on the bright side, like Gordon Brown who swears blind that he will make it through. He won't, but one has to assume confidence in what one believes in. This means DISL will get their CVA!!!?

IMO, I would say a CVA. Reason: Their trade is not dead in the water and the economy is just starting to pick up (oil is going up). It's very slight, but growth did show a slight rise a couple of weeks ago. If the Bank was disappointed with them and saw no way out, I don't think a CVA would have entered into it. They must have discussed this with the bank even before they shut down all the trading sites bar 5. The 5 sites amounted to 60% of their revenue over a certain period (forget which), but as this helped dilute their debt somewhat, and also these 5 sites are all freehold properties, then with the £5 - 8M they are worth, I see no reason for the CVA not to be granted. JJB sports had this and their share price hit almost 40p. These won't get anywhere near, but if it works for them and trade is good through this year and next, who knows? we may see 20p next summer, but that is purely a guess. If it works this year, it won't rise that much, but if the next 1/4 trade shows reasonable fig's, maybe 8p. Once the RNS shows the CVA granted (assuming it gets it). I would think 5p ish isn't unreasonable. The markets will be cautious about this, hence It may not be much of a rise. Confidence overall will be so-so. If you have shares here, you could pull out on the spike, or risk staying. I may pull out on 4p if it gets there. The volatility of this share (like Jessops), means you have to be very quick to get out after the RNS otherwise (ie) 5p can be 3p in a miunte or two!

Fair and logical comment, thankyou.

Any forecasts on this, reckon it's worth staying or can anyone assume a further increase, opinions please!

It's worth hanging around. I only have about £100 in this one, but the Banks have promised to support the well being of small businesses providing they have a potential and secure future if proven by the management with an updated business plan on paper to support it. In addition, the Bank has to be very satisfied with the arrangement and grant them the CVA. It was a Government proposal some months ago to ensure that small (potentially viable) business survive. The more businesses that survive with our money given to the Bank to help THEM survive, will mean that Tax revnues will continue to flow. The more that go under means so many things: reduction in Council Tax, general tax, taxable salaries, fuel tax, less car usage, Unemployment benefit,wholsaler purchases, VAT on sales, survival of supplying companies, their Taxes, and so it goes on. Bank Fees (O/D's and paying in charges. Then survival of one bouyant company (IF DISL is one of them), has many spin-offs down the line to help add to strengthening the economy. If this happened to all ayling but viable stores in the long term, things will be on the up. The main thing is that the consumer, you and I, must feel the same security to spend. This is some time away yet, but it has to start somewhere. Give it another year ish.

I had several holdings over the last few months, and all bar a couple, they all dropped as soon as I topped up dispite research. I'm owed several hundred pounds now, not much by some stds, but a loss is a loss. I'm risking hanging on for a couple more pence. Jessops did it for me (loss wise), but got out just before the main crash a few days ago. either way it's a bit of serious fun, and beats the day job doldrums sometimes.

That's ok mate, with my luck, i'd put a jinx on it. Can't have that now!!!!

Anyone left here? Live says (briefly) that it's on the upward tren, however, it can change in sconds! I need 2p clear to do ok. Bought at 0.094

Got in just in time for this rise AM today, but will hold for my 5p. Won't buy more as it may just jeopardise all your 7p chances. They always go right down when I top up, so I'm leaving it well alone! Not too many sells at this stage, though. GLA

Hi. Just bought in here and new to this site. Very briefly, does this delisting bode well for this company and SP. Appreciate brief comment if you have the time. Thanks.

Here for those that don't know, is what a CVA is. Just for your info.FIRST the simple description of a CVA! It is simply a deal between the insolvent company and its creditors; this deal places a ringfence around the company and stops creditors attacking you. It allows a viable but struggling company to repay some, or all, of its historic debts out of future profits, over a period of time to be agreed. Directors stay in control and it stops any legal actions if you use a quality advisor. It has been in UK law since 1986 and is one of the Government's preferred rescue options.

That probably comes under their restructuring program. That covers a multiude of sins. Probably too hard to reinvent a company that sells Tents and Caravans, but you could restructure the WAY they do their business, and that's down to brains and Money M'boy! If a good salesman can sell a fridge to an Eskimo, perhaps a good one could sell a tent to one too. Wonder where he is, they need him....................(North Pole probably earning a whacking bonus!)

....and look at all the buys coming in. Confidence in something!

Thanks indeed. I can wait.......likewise.

It is, I fear. If you make it up on your others, it helps to take the bitter taste away, but losses are losses irrespective of what you make elsewhere. If you make loads on the others, it makes the smaller losses easier to swallow. My punt here is very small and my other holdings are not particularly large either, which means losses matter more to some of us. Either way, I will stick with this until I at least break even if I can. I bought at 1.4p and just a few thousand shares. Small beer, but it's money none the less.

ON the strength of this share fall, there is and has, been some improvement. Whilst a BIG risk, to reduce your average, you could buy more and await any poss. rise to 1.2p depending whether or not it would make a difference to your loss. I did this with LPX, however, they a 1000% more stable than these at present. Watch this like a hawk and if the news is positive later (no firm opinion), you could redeem some loss depending what your holdings are. When I bought LPX, it was 25p, I topped up at 15p and 12.5p bringing my average to 16p. It's now 14.3 with potential (if not a certainty) to escalate to over 60p and even on to £'s in very long term. If you like to have a long term punt, these are the ones. Read all about them first if you feel the urge. A suggestion rather than a recommendation.

You can do deals with the Taxman, most debt is open to negotiaition. Don't forget that if the plug is pulled, nobody gets anything. If the bank is being supportive, that's one good thing, but trading from only 5 outlets with poor sales ceratinly won't help this issue. Maybe a management buy-out and start afresh, but even then, it's a big risk and even the bank probably wouldn't grant them enough commercial loan for additional restructuring (which they are currently doing). A management buy-out may prove a non-starter but it could be an option but not a particularly viable one as those on the inside who know the rope may not want their fingers burnt. For my money it's Sh-1t or bust. JJB did similar with their debt and their SP has gone way up from 9p. Even if this works for them, I very much doubt that we will see even 5p now. If Lloyds buy a big stake in the biz. say 1/3 as 'equity' then it MIGHT just continue until they shut down.

More news. See above 'News', it's sort of good but could also be quite bad, however, it COULD bring the shares back up on the provisio that the CVA accept the proposal. If the shares don't go up, then it's far too volatile to have any effect on the market for now. If they operate from 5 outlets and (IF) the cva proposals accepted, then all should jog merrily along. If the Bank likes these guys, then the creditors may accept a reduction in their debt and claim the loss against the insurance policy that all creditors should have in the event of situations like this. I still think it's possible that if they do go into Admin. that someone may decide to buy this company.....on the assumption that it can work. If overall sales were good for these products, then X Y or X company that IS performing well could add Discover to their Portfolio.

'fraid so!,..............