Member Info for Quickdip

This share appears to be a bargain considering its now priced almost at the times of liz truss. All other housebuilders are at least 30% up since then. Can anyone shed some light as to why that might be?

It most likely indicates the shorts are increasing again. We’ll see tomorrow.

Don’t think todays drop is anything to be negative about. I’m surprised how well it’s held up compared to the housebuilders.

Let me know what you find change of pace. I only bought it because the chart looks like a yo-yo, and it’s positioned to take off again. I’m hoping to double my money within 3 months if the chart pattern continues.

Kingrav, it seems everyone else has the same idea hence why 120 is very brief.

Change of pace, I bought Avidity instead. Going very well so far, but I guess only time will tell!

Of course not kingrav, I pulled out most of my holding in this yesterday to invest elsewhere and am already 5.7% up.

Got 90% out at 118.4. So predictable that an up day would turn negative. GLA.

JG, that must’ve been the previous drop. This 25% drop was December 2022.

Been mulling it over, and the SP chart for period 28Dec- present is very similar to the period 13 July 2022- 30 Nov 2022 which was followed by a sharp 25% drop. What caused that?

Paddy, agreed it will happen at some point, but short term I can see some more downside here, as people lose patience and sell out, but can also see it reaching £2+ within a couple of years.

Paddy, but what will give it the Rolls Royce moment? You could say that for any share. It feels like all the Ace cards have been used here now and the market just isn’t having it.

Paddyboy, I shared your sentiment when I invested here. As my username suggests, I expected a quick dip, but this is turning out to be a long soak. Anyway, let me flip the question back to you: What could change to get the SP moving up here? Everything that could’ve done so has already been announced. I think if anything was brewing, we’d have seen an RNS now. Which brings us back to why no director buys?

In terms of what’s changed from 18 months ago. Coming out of covid, everyone just expected the business to automatically go back to £4, so we’re piling in. Then there was a stagecoach merger agreed right at the peak, the SP started sliding back down when stagecoach pulled out.

Having been in this for 3 months, with no director buys, nothing else left in the bag to tempt the city to buy, this share is losing its appeal each and every day, and I think the SP will head down further with no more good news to prop it up.

I’m going to keep 10% of my holding here just in case it does go up, but I really don’t see what could trigger a change in market sentiment here. Usually, it’s clear what is holding shares down but I don’t know here. Perhaps something overseas with Alsa/US business that the analysts know about, but isn’t reported in uk media?

I went in big on this (a lot more than I’m comfortable with) at £1.15 to bring my avg down, thinking when the drivers strike is over it will take off, then thought I’ll hang on until the TU, then thought reinvestment of the divis would do it, but no, it’s just not happening, and now there’s nothing left to pull out of the bag. And it now seems all that was just propping up the fall for a couple of months.

Sorry to vent my frustration, but I don’t think comments made on here have any impact on the sp (positive ones certainly don’t) so it’s good to get it if my chest!

All that’s left in the bag to make this go up is for a bid or for inflation/interest rates to come down but I’m not even sure that’s the reason for the fall. Bond yields have eased since October, hence other debt ridden companies like IAG are up 50% since then. Nex on the other hand is down about 25%.

I’m in far too deep here (and I suspect others are too). Long term it seems a good bet, but I think there’s a lot of people in this hoping to make a quick buck. When they lose patience, it could go lower. I’d be happy if it was rising slowly, but it just isn’t, and it makes me think the results, TU, and divi just paused the fall.

Only time will tell, I’m not selling out completely just in case it does bounce.

I’m going to sell half my holding. Hopefully fate will trigger that to make it go up, and still give me some capital for other opportunities :)

LG, and we’re already back below 120. I’ve been in this for 3 months now and am in slight profit, only because of the divi. I was expecting to see a surge, but no matter what news comes out, it just isn’t happening. Maybe I’m just having a wobble, but this is really frustrating. Can’t imagine how those who are massively underwater must feel.

Just to add, I’m still confident it is a good long term hold, but short term I think we could see sub £1 . I believe it reached 90p in 2020?

I’ve been very bullish here, having bought in because of the SP chart, but it has never taken this long to bounce before. Everything that could’ve made it bounce has already been announced- decent results, decent TU, divi. I fear that people will start losing patience and sell out, and it will go below covid, like carnival did. Not comfortable with the shorts increasing either.

If it wasn’t for the SP chart, I think none of us would be here. The net asset value is negative if you remove goodwill/intangibles.

If it hasn’t broken £1.24 by the end of next week, I’m selling out. Too many good opportunities in the market at the mo to have cash sitting idle here.

How do others feel?