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spindok - where have they been showing up? They haven't shown up on this website, or on the London Stock Exchange website.

spindok - are you just assuming Miton sold at 4p, or do you know for sure, if so how?

KBYK - I hadn't seen you post when I was writing mine. Uncanny how we both came up with the 100,000 suggestion independently.

dc2 - Mansfield has 400,000 options exercisable at 32.5p in 2023. If the SP gets back to 100p by then - not an unreasonable ambition - he'll trouser 270k. So his wealth is already very much tied to the fortunes of the company.

But I agree - it seems a no-brainer to shell out a mere £15k (a month's salary?) on 100,000 shares, and make an additional £85k capital gain - tax-free if he does it through an ISA. I hope he's reading this!

No 2M sell has appeared in the list of trades, so presumably Miton found a buyer(s) to take most of them in a private deal(s). If a buyer was thereby taken over 3%, there should be an RNS. Let's see.

Thanks Spindok. Just seen the RNS. That’s 2m more jettisoned if my mental arithmetic is correct, so 9m odd to go maybe. Makes no difference to my feelings about CRU (unless Miton know something to contradict the recent bullish pronouncements from the company!). And it makes no difference to where the SP will settle once Miton are done. Indeed, with Macfarlane reporting that their 2020 will in the end be largely unaffected by Covid, then barring gross incompetence or exceptional bad luck, CRU ought to 2- or 3-bag over the next few months.

Dr_K - What are you seeing exactly? I don't have access to the order book.

Miton have reduced by nearly a third. Will they continue reducing, or is that it? We simply don't know.

phenry - what you mean is, saving COVID lives. How many non-Covid deaths are being, and will be, caused by lockdowns? Or don't these deaths matter to you?

No let up in the buying (by CRU's standards at any rate).

Reading between the lines, the main obstacle to the resumption of cruising is, or hopefully has been, Raab's stubbornness.
Who'd have thought a Tory government would be hell-bent on destroying British business?
The only saving grace is that this has enabled believers in Saga to load up at bargain basement prices.

It’s good that buyers weren’t backward in coming forward today when the SP dropped for no apparent reason.

It’ll be even better if we find out that some of the buyers were directors.

KBYK - back in July, I looked into the CBILS position, and wrote:

"The rules include: “If the lender can offer finance on normal commercial terms without the need to make use of the scheme, they will do so”.
So Trak must have been adjudged by HSBC to be not badly enough affected by Covid to warrant a CBILS. On the face of it, a positive, but at the same time a great pity, because Trak has thereby missed out on up to a £5m loan, interest-free for 12 months."

In a way, therefore, it reflects well on the financial health of the company that a CBILS was NOT given.

Furthermore, the scheme is open until 31 January 2021, and so would seem to remain a safety net for Trakm8 if HSBC were not able to renew their facility.

...exercisable at around twice the current SP shows confidence in the company's prospects.

Would still like to see some actual buying from PDMRs.

Yup, you can tell the KissOfDeath (aka RoxH) is back!

Tav - you may be aware that the advisers to the AA are Evercore, who were also the advisers to Flybe responsible for the devious plan to force the sale of the company at undervalue, by first selling the business without the need for shareholder approval, having changed Flybe's listing from premium to standard. I wouldn't be surprised if Evercore have a similar dirty trick up their sleeve to force the sale of the AA for 35p, hence my wariness (plus the fact that there doesn't appear to be very much upside).

This is pure gamble now - a potential gain of 5p if the PEs cave in -vs- a potential loss of 20p if they walk.

Each to his own, but there are plenty of other investment opportunities out there that are likely to produce a much bigger gain, without the risk of an even bigger loss.

Thanks ismalia - I've just read the AGM statement again:

"We expect to provide a further update on trading in February, ahead of the publication of interim results in March 2021."

So it will be the interim results for half year to 31.12.20 that will be published in March, but I agree all eyes will be on the trading update in February.

This is a very tightly-run company that will do well whatever the economic circumstances, but with the added benefit now of a boom in online shopping, I fully expect them to report further outperformance.

To my mind, therefore, 30p is no longer a target: it's merely a staging post to even higher levels. Even 50p, as you say, could be on the horizon.

Enjoy the ride!

ismalia - DX's year end is 30 June, so don't you mean half year results to 31 December expected in February? Are Shares Mag saying 50p?

But DK has given irrevocable undertakings to vote their c16% in favour, according to the takeover RNS.