Member Info for playerking

Topline much improved, H2 improved significantly from H1, debt reduced significantly but posting a loss. The namechange and refocus appears to be working. Current trading well ahead. Will it feed the bottom line?

Profits up costs down, studios + digital now two thirds of revenue - 50% last time I looked. Generous dividend, breakup/ takeover talk. Facts not opinions.

Trouble is, this the second bad news announcement after a previous one on 'sub-optimal steel fitting on bridges.' Old hands generally expect a third one......

Top investment trust performer Rockwood Strategic has a strong position in Capita. It knows the ex Amazon CEO and notes his previous turnround of SDL. Rockwood has a focused portfolio full of recovery stocks - eg Vanquis, James Fisher, both also, like Capita, on the move upwards.

Top performing investment trust Rockwood Strategic, concentrated portfolio full of recovery stocks, has a strong position in Vanquis. Hopes for 4-bagger over the next couple of years, commends quality new Ch/CEO/CFO team, notes intention to grow margin to mid teens from low single digit, high level of cover (19%), low if any exposure to motor finance, serious cost-cutting in hand and installing off the shelf platform i.e. not bespoke where things go wrong. Reviewing 13 holdings in interview, Vanquis generated high enthusiam.

Sp bounce from lows of +10% on Christmas trading report - 'solid' and trends modestly improving. Cash + £7m to £30m - see Simon Thompson thesis on my post below 31/12.

Got out before the last sp slump. Can't help feeling there is something intrinsically wrong with the business or the sector, that it takes so long to show tangible signs of recovery from the strike in 2023.

On balance positive article in The Times (Business) today 31/12 under the headline 'Glass half full.'

I have been a happier customer than shareholder. Noting swingeing comments here on delivery etc, a customer more than 3 years living at one point in the wilder part of Cumbria where even locals could not find the address, delivery never failed and is usually ahead of schedule.

Curious sale of total holding today by a German investment fund but explained as 'merger' (of funds?).

Last IC comment 8/24 was B on the basis that end Q1 2025 could show cash equivalent to share price.

Trading update end Jan.

Have just bought modestly at 1.25p on reading results. Pros: new technology and embracing A1, management leadership 40s (not yet able to retire!), employees encouraged to buy shares/good take up, a pair of significant inst. investors including Braveheart/a biggish buyer from the IoM today, active financial management. Cons: cashflow problems/paye & vat bills o/s, expecting first half loss/second half gain, the outlook would be much better if/when they sell a freehold building under mortgage which is due to be renewed (pull finger, ppty agent?)