Member Info for Redhammy

I know a barber that cuts hair with his feet, so anything is possible. The best bit is you can make a donation to the blood bank at the same time.

This board certainly brings out the worst in people and is a real cesspit of humanity. The cheerleaders v the cheerless, posting constant rubbish to talk their own book. All boards have them, but this is definitely amongst the worst. Anyone who listens to anyone on a free and anonymous BB shouldn’t be allowed access to real money. Good luck with however you make a £pound, I hope you can look yourself in the mirror.

Thanks for taking the time to share your findings, looks really interesting. I’m on my way to see Scotland v Ukraine in Glasgow, so my enjoyment of the weekend depends on the result!

I thought that the market was waiting for confirmation after the detective work that revealed the new products was posted. At least the share price has been relatively stable since the 30%+ rise, and should be a good indication of what might happen if the news is better than expected.

They may very well be buys, but the volume is pitiful. I’d have thought that the volume would pick up in the run up to news. There is still time, of course.

Anyway, it doesn’t look like anyone is interested in these in the run up to the results, so hopefully fireworks after the 7th.

Yes, I am aware of that. I was including that in the (hopefully) steady news flow afterwards.

I’d actually be happy to see no news before results. We are very close now, only 2 and a bit trading days to wait. We are all expecting results to be good, so the thought that news with new products coming on line might keep the sellers in check. There aren’t many shares that don’t sell off after news, so let’s hope that there is a good deal more to come. History would suggest otherwise, but with good products and not much debt to hold us back, this could be a very wise time to buy in. A director buy or two would be quite nice too.

I don’t think there’s much option but to hold until news drops. This share is so illiquid that it’s hard to buy or sell in any meaningful volume, best to wait and see what happens. We know there’s an update on the 7th June, but hopefully there will be something else before then.

I’m expecting a queue of people to come and tell you your shares are worthless, and anyone that bought shares is also worthless, and deserves everything they got.

I think the AGM is still listed to go ahead on the 31st May, I saw it on the weekly financial calendar somewhere.

The company has gone from making a loss of £2.7 million for full year 2020, to a projected profit of £2.5 million for full year 2021. The market capitalisation for the loss making MHC was around £40 million, against around £14 million market capitalisation now. That’s a very simple comparison, and it’s possible that the company was way overvalued at £40 Million, but it’s hard not to think that we are way undervalued currently. New sales revenue coming on stream with new product launches, kits available in two major retailers as well as online, very low debt and in a market where people are more aware of the benefits of understanding their personal health.

On the negative side, there is a cost of living crisis. I personally think this will have less of an impact as I would imagine that the people that have been able to afford these products are not lower earners - but that’s just my assumption.

It was good to see no big sell off after last week’s gains, so hopefully some good news will set this off again.

It would be good if there was a steady release of news to keep people interested. There aren’t many trades, which makes it difficult to buy or sell. Hopefully should see some steady rises in the run up.

I would only consider myself liable for company debt if I was a signatory on the debt agreement. It is very unlikely that an ordinary shareholder would ever have to pay for a company’s debt.

I would, however, take issue with what has happened here. Morrisons have benefitted from money raised by shareholders to refurbish/rebrand McColls stores. Although this is almost certainly legal, it’s highly unethical. Anyone that took part in that fundraising in good faith deserves much better.

It doesn’t help that there aren’t many trades on a typical day. It’s really hard to buy or sell anything without that ridiculous spread.

It’s maybe Gary59 topping up?

Gary59 in “if company goes bust you lose your money” shocker. Tune in tomorrow for part two of investing for idiots.

I’m a top up muppet, another £500 worth added. I will agree that I’m a muppet if I have to sell them for less than I paid for them.

But I don’t think I will. Time will tell.

All we are getting is a lovely warm glow from helping to fund a £30million store conversion program.

The pork pies that are about to go out of date would be reduced first, then again and again until they were either thrown out or given to a food bank.

That is a lovely metaphor for what has happened to shareholders here.

In my opinion, Morrisons should offer something for shareholders. Mainly because of the money paid for store conversions. I am fairly sure that they won’t, and even if they did, it wouldn’t be enough to recompense those that took part in the placing - not the pure gamblers that turned up in the last few weeks and played roulette and lost (I am one of them).

Oil exploration company in debt bombshell, thanks Gary59, I thought finding oil was free.