Member Info for Quickdip

Paddy, first up in the divvy maths class how far underwater are you so far, and how much could you have saved by selling at £1.20 when I warned everyone on here?

Same can be said for Marstons. The debt has killed its SP, and the same is happening here.

Rights issue is a real possibility here given the size of the debt, and the ability (or lack of) to service 6-7% interest rates.

I’m not sure if you’re aware paddy, but turnover is irrelevant. 7% gross margin would only just cover the interest on the debt, never mind all the other costs. Hence why the SP is tumbling.

I’m not going to get into tittle tattle about JSA, medical help, claims of multiple accounts etc, save it for the playground.

Paddy, you talk about insanity and say I need medical help etc.

The definition of insanity is doing the same thing over and over expecting a different outcome. There has been no reason for the direction to change, but tell me what you’ve been doing on every drop? I suggest you seek medical help yourself.

I called it right all the way since 120. Will be sub 80p by the end of the month.

Paddy, much the same as what was said at 110, 100 and so on. Do come back next week to tell us what a bargain it is in the 80’s.

Oracle,

There’s a bottom at which HB’s can break even, but there’s no bottom at which house prices could fall, although I think 15% will be the max. That’s why PSN SP is falling fast, as it’s highly likely prices will fall further than it costs to build this wiping out the margin.

It isn’t affecting new buyers as badly because they are buying a smaller house and using it as a bargaining chip to get a cheaper price, which does affect HB’s

Gleeson only operate in yorkshire where property prices are much more affordable, even on these interest rates.

There were approx 140m shares in issue 2009 vs 615m today so the SP is still effectively a lot higher than in 2009.

Do your research folks.

I can’t see it dropping to £4, but I think we’ll see £6 in a few months. It should be in the 7’s now to be on par with Bellway if we look at price to book value.

I thought we would see some resistance at £10, but no, it went straight through, and continued falling. Will be interesting to see how much further it has to fall. We should know the bottom Q1 2024.

Yep, agreed £5-£6. Just not worth the risk at the mo.

To save you watching a 75 minute video…

https://www.telegraph.co.uk/business/2023/07/03/sellers-slash-house-prices-mortgage-rates-rises-hits-market/?utm_source=facebook&utm_medium=news_tab&fb_news_token=sOpX9hgM%2BdUaBRHiKuVVkg%3D%3D.MTU0%2FqOUlNCzfOvc6QyeSCVIakWKNHB3qgbfkcqn3BlO4RPxmaXHX%2BLbZFpyxupA5oDY0C8aUX3zyi%2FeV47pkKNAeVZCl5q6QhBR%2FlSEF7hSqgMchHQAQXmG51wuX1OWKnCOk1VPV2iD%2BQ%2FRId0lbe9lRdZux33ShD%2FYinqqKVe9wsW3Zw0m3GQIsG5VmvgGCio0if6u50Y5OMsI7bPwUXPuSnKHytCLu1YakNdznALskDF7J6iUeWCrndDtMMQFhHbTh1PXwzZOxY0M%2F4J1v1lEMYe6yW0HojLRqsEyKbJZY%2F5cnC43sRIpVS0G%2BUpSAUFxMlUXmCBPJq7kLYPWnw%3D%3D

Thank you for your kind words paddy. I’m assuming you mean your income tax rather than CGT, being as all you shares make a loss, but thank you nonetheless.

You did well there being as they’ve fallen since you bought- you must teach us your wisdom. I’m not going to refresh your memory every 5 minutes about my asos purchases. Go back through my history if you struggle to remember. Made a very tidy profit here having been short since 120. Your loss is my gain 😉

No, you bought this, KCT, VOD, and SDRY. Do let us know your future picks so we can short them.

Don’t lose too much sleep paddy, you’ll still get your state pension.

Just read this and it’s a bit of a sobering reality check:

https://www.msn.com/en-gb/cars/news/sports-carmaker-tvr-scrambles-for-cash-injection/ar-AA1djMXf

I’m currently 53% up on AML, but I’m reluctant to profit while it’s still going up

Paddy, please explain to this MCG board why you’re so obsessed with Asos? Yes, I bought it at £7 on three separate occasions, each time with a stop loss at £6.30. Made about 35% the first time, 10% the second, lost 10% on my third time- overall, a tidy profit. Everyone has losses, but I never lose more than 10% on an investment. You must be over £30k down here so far?

Anyway, that’s enough deflection on to Asos, you still haven’t told the board what could change the direction of the SP here? Even if the results are amazing this month, it’s will go up for a day or 2 before continuing its fall, just as it did last time.

Now now don’t have a Paddy. It’s not sub £10, and you were spouting vitriol at £11 (not £18) when Liz truss was out in full force. Anyway, back to this, all the aces have already been pulled here (better than expected results, divi etc) yet it’s continued falling so what do you think will push it upwards?