Member Info for Quickdip

No point trying to time the market jumping in and out Steve. Invest only for the long term.

They reduced from 0.56% to 0.49% so it no longer needs to be reported.

May as well have left it short. This is still down when the market is a sea of blue.

HorrisM

You say “The company has tangible assets” well yes, but they’re wiped out by the debt so it doesn’t have any net tangible assets.

Paddy was saying the same thing at £1.30, £1.20 and so on. He’s had quite a haircut since then.

They can’t increase bus fares in England. They’re capped at £2 by the government.

I said I thought the SP would half when we were at £1.20. Everyone said I was crazy, mentally ill etc but I was right.

I’m not sure it will half again, maybe it will, but I think we will see sub 40p. The only thing that would change direction IMO is if a the BOD is replaced, and a new BOD comes in with a clear plan on how to turn things around.

Small wheel, I agree £1 seems like fair value, with a promise to inject a few hundred million to pay down some of the debt.

Hindy,

If there was some equity, other than goodwill then it would get taken over for the sake some cheap assets, and it could possibly be turned around with new management. But anyone looking at taking this over may as well start a new bus company. The contracts probably are worthless and unprofitable anyway due to inflation, cost of fuel etc.

Moonman, I rested my case a few weeks ago. I just came back to collect my applause from all you lot with egg on your faces ;-)

The writing has been on the wall here for a while. There’s only so long you can promise jam tomorrow.

Special shout out to Paddyboy ;-)

Just take the divi. It’s not worth the stamp duty & spread jumping in and out.

What I find is that people who are underwater try ramp up their shares on such chat sites, and shoot down anyone who dares speak some sense, in the hope of being to pump the SP back up and aid their cause. Seen it all before.

Jcj07

It seems the goodwill and other intangibles valuations were inflated, so the equity on the bottom line appears to have increased.

If you exclude intangibles, the equity decreased, as you would expect following £159m loss.

Companies that are in the “dog house” are always of interest to me. If the balance sheet is strong and it can ride out the storm, I ignore the noise and go long. If the balance sheet is weak, and it will struggle to sustain the losses I go short.

But each to their own.

Here here Mr Long!

This is what I was getting at. People who are underwater tell themselves it will come back to base their nerves rather than anything else and shoot down anyone who dare say otherwise.

I’m only on here because I’m considering opening a short position. Just wondered if any long term holders could challenge my views and point out something I’m missing. It seems they can’t.

Is that your basis for investing ntl? Large investment firms get their fingers burnt all the time.

A large investment firm invested millions in Superdry only a few months back at 76p a share, now trading around 45p. Could give you loans of other examples.

Ntl

No need to start throwing insults around. Everyone is entitled to their view.

I’m interested to understand people’s rationale for investing in companies that don’t appear to have anything going for them other than hope that the share price might miraculously return to where it was?

Peter

£849m equity on balance sheet, of which £720m is goodwill, leaving £129m remaining.

It lost £159m last year, so if it does similar this year then that’s the rest of the equity wiped out. Hence why I personally don’t see any value here.

Having said that, I don’t see any value in Rolls Royce for the same reasons, but the market moves in strange ways so it could be a bagger. It’s a gamble rather than an investment imo.

Well it’s made a loss every year for at least the past 4 years. Growth prospects look weak.

In terms of value on the balance sheet, it all depends how much you value goodwill. Personally, I don’t value it anything.

The remaining equity will be absorbed by this years losses.

So to answer your question of value, I wouldn’t place any value whatsoever on the company/ its shares.

Down 5% so far this week when inflation is coming down, and the first time rates have been held in 2 years.

If this was ever going to go up, the time would be now.

I rest my case… Absolute dog of a share.