Member Info for Pursestrings

Just waiting for it to settle then will average up

SP Indicating new territory

I want to see a steady 40pence before I average up

A single figure valuation makes this a M/A target.

I have just taken up a small holding. Will now wait till next week for the news.
I am actually hoping to average up on this.

We must not forget the price of fuel will squeeze margins on both Ocado and M&S

Interesting that Poly stated they have the dividend deposits in a European Bank. My take on this is they will pay a divi of some sorts and have taken this measure in the case of them being encouraged to de list.

I certainly feel for you guys invested here, I moved out about 18 months ago but have been tempted to get back in.
I am currently with Barrick Gold as they have a global exposure. I missed the Poly divi and watch from the sidelines at the moment as anything could happen with this.

If the SP drops much further ie single digit, it could be a target for a M&A. My view is the SP needs support such as buybacks or divi. Unfortunately this unlikely in the near term. If it made money we would all be happy. Its a bit of a catch 22 situation.

The SP reflects the fact the Company does not make any money. Yes it has loads of potential but there are 2 rounds of Bond maturity in 2024/5 and then again in 2027. Personally I have been looking to buy in however I still think the risk is too high.
I am a bond holder and would be tempted if they declared a divi with some of the future income from their overseas ventures.
Its all about balance in the end.

When investing in a mining company global exposure is important as political tensions can present themselves anywhere. Unfortunately Poly is a one trick pony. I think the divi is the least of its problems.

Regarding capital raise, I think they will go back to the bond holders another tranche is likely. Debt is a big issue here. I think Ocado will be happy for the SP to drift towards £17 so they can settle with 2024/25 maturity. If the SP should rise above guidance then your right, a RI is likely for two reasons . One to maximise the capital rise and two allow the SP to fall back for alignment with bond maturity.

Agree £17 is the limit here

I agree with you Longtimeinvestor, to have interest in both stand alone companies is a far better proposition.

Yes I agree with the comments let 18 months to 2 years for the consumer business after the demerger to settle for a fairer valuation.

As previously mentioned the SP is range bound. Options on two tranches of bonds at 2024 and again in 2027 mean bond holders are in control during this time. This not artificial but a real instrument that will clamp the SP movement. There is not the space on these boards to go into the detail. Broker ratings are not a reliable source for medium to long term projections when a company is so reliant on alternative funds.

Bottom berp, wait to see if it can settle at 50p. It’s debt is still high and if rates go up and wages need to rise, 50 pence maybe to high.

Yes results ok, but not outstanding. Remember this could have gone bust so should be grateful for 50p. I think this will remain at this level for the long term. Only major news will move the SP such as more connections with major outlets.

I agree and I see Hargreaves Lansdown tipped this for 2022.

How on earth can the SP be anywhere near £29 when you have 600 mil bonds at guidance of £17 in 2-3 years time. For every 1£ above £17 costs the company £600 mil. They would go bust. Ocado would have to do a massive RI below guidance to cover costs. The broker has inflated to off load .