The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
It’s fine Paddy, I’ve more than made up any losses I’ve had by shorting this sinking ship 😁
How are your other shares doing? KCT, VOD, SDRY and of course this dog? Whoops!
Paddybody is fixated on the old NEX SP from 2019 when interest rates were 0.5%, thus the debt wasn’t such a burden, and therefore arrives at the conclusion this is cheap. No due diligence required.
Do some due diligence on the fundamentals and you realise it is still overpriced. I’m not closing my short until around the 30p mark.
Manz has clearly shorting been shorting this share for a while (wise move, but disingenuous with you lot). Just look at the negativity in all his posts, no way he’d be holding a stock with all his “concerns” and negative viewpoint.
At least I openly admit to being short here…
Revenue is completely irrelevant when you’re paying it all out. Both OTB and MARS are showing profit, whereas MCG is losing money.
Also, Both OTB and Mars have substantial net assets after goodwill is deducted whereas MCG has no assets after goodwill is deducted.
Yet MCG is trading at more than double the price.
Paddy, I was invested in PSN back in October when you were spouting a load of sh*te on that board. Saying it would go sub £10, I never saw you apologising when it went to £14-£15. It seems you like dishing it out but can’t take it. And just for the record, I still do think it will get to £7.
Anyway, enough deflection on to other shares. The simple fact is, I called this right all along, and I’m wondering what to do with my profits, while you desperately look for ways to claim some of your losses back.
Paddy, you were calling me a clown when I sold out of this dog about 40% higher than this, and went short.
You say I don’t understand the investment game yet you’re throwing money into sinking shares, and then asking daft questions like “Can I claim tax relief for losses in an ISA” 😂
I don’t know if you were reading the wrong report Paddy, but going from a £15m profit after tax in H1 2022 to a £39m loss in H1 2023 doesn’t look like things are heading in the right direction.
Thanks for your amazing insight paddy. I’ll go on the M1 tomorrow and if I see a nex bus, I’ll invest.
If I see a Cineworld, Currys, or Marstons I’ll invest in those too.
It’s a shame Wilko isn’t a PLC or I’d be investing there aswell.
It seems people are starting to realise the risk involved here.
Moonman, I know you won’t thank me for my post, but your view is misguided. With total liabilities approx 5x the market cap, it just wouldn’t be possible to raise enough equity to become “debt free” without diluting existing shareholders so much they’d be virtually wiped out.
If there was a rights issue, it would be a £400m raise for the bond due in November. Issuing £400m against a circa 500m market cap would roughly speaking require the number of shares in issue to almost double, thus the share price almost slashed in half. The total liabilities would only be reduced from about £2.8b to £2.4b.