Member Info for PlatinumHeights

Clearly the shorts trying to artificially subdue the sp. This will take off very soon- time to close those positions- don’t be greedy

Looks like next resistance 253 will be broken shortly .

Looks like shorts are closing fast. Dyor

The optimism has dwindled along with the sp. Mismanagement from the clowns at the top. Time for a clear out and a change of direction this cannot continue. When are the bonds due ?

Stevie wonder must be the captain.

Any one know what is going on with the buybacks ?? bond holders dropped anchor??

Shorts are closing

Management are supposedly buying (maybe they have run out of ££££) has wilding and co spent everything on vanity projects ? Where are the saving we have been promised time and again ?

Yet! The sp is tanking if we breach 150p next week the shorts will close and I expect Koch will be in for some preferential treatment on the debt or is it equity? Who knows?

Maybe we will get someone coming along to do a takeover Mohawk ?

Agreed ! Although I have check it’s £25 million looks like the FD put the breaks on the buyback. Would have been embarrassing for him if the cheque bounced. Something is seriously wrong here.

Was it an announcement for 25 million shares or £25 million ? ?? -

Looks like there may be a turning point in the economy. However, this does not detract from the company’s share buybacks stopping for no apparent reason. This must mean they have used the available cash .

Can anyone else shed any colour ?

Not sure where you are looking for your information Mohawk are over 50% up over past six month on their sp.

However I do agree with your assumption around pick up in demand vcp are best placed to make hay when the sun shines. Headlam look rudderless likewise are top heavy.

This has not traded like this for a while. Can only be the shorts closing positions.imho

So far vcp has purchased 1.481 million shares at a cost of around £3.7 million. That leaves them able to purchase around 5million shares. The two short funds have to purchase around 2million shares . In a very tight illiquid share it will be very interesting!!!!! SHORT SQUEEZE ouch

It appears things are heading in the right direction. All the synergy costs have been vested now the cost savings should be seen. However this will be tempered somewhat by the difficult backdrop.

Vcp is well positioned to take advantage of the uptick once it arrives after the election.

Short term positive momentum from buybacks and don’t forget the shorts have to buy back at least two million shares in a tight market. Once we we break past the 275 resistance level we could see a breakout past 300 next week. Happy Easter- bunnies

I for one have closed my short in good time. If the company keeps buying back into treasury then the bigger short funds will be struggling to find enough shares my calculation is around 1.8million shares to find not so easy if vcp keep buying - the question is what level will they be tapering off buybacks ????

Would you carry on paying staff you didn’t require ?

Looks like management has got captain geoff out of trouble. As ever dyor I will be closing my position shortly.

Looks to have turned a corner

Free fall !!!!!!!!!

Get out while you can

I wouldn’t say the results were to be expected. Management has taken no pre-emptive actions to mitigate a reduction in revenue. Instead they are touting loss making market share gains scs and tapi to name a few. This has caused their core retail market to find alternative suppliers.

This company is the same as Victoria plc clueless .