Member Info for RickEngland

No sorry 29th Aug record date haha

19th Sept was "record" date for the 7.3p interim div. So really needed to buy 3 days (2 at a push) before that to get on the register. Payment date is next week yeah, enjoy.

All is cool.

OK thanks Davidbloodaxe thanks for your insight. In for 1000 shares as a taster. Wanted the price to cover the recent div I missed. I guess 1.37 is a reasonable entry. Ok let's see if the management can clean up the mess. It's div stock so should derisk it slowly.

I won a fun gentleman bet at 2.25%. Now all the little sheep await broker guidance and someone to hold their hand, so price predictably drops. Interest rates still at historical lows. Don't worry little sheep, the bank is loaded wity extra capital, you're going to a mint in divs. Be brave.

Re title. I think the sp is pretty much already crushed already. I'm current even on BOO anyway. And 50% of it was div from lloyds, so reslly I only paid like 22p a share as extra deposit. Not that I want to lose of course. Besides I'm in because BOO haven't changed their guidance since the trading update, and I'm convinced there's big plus from the Debenham new website purchases (that have never been reported on yet).

Time will tell, I don't often get burned. If I do, I'll go back to my div stock strategy. I'm confident for 28th Sept.

Boo haven't revised their trading update since 16th June, I see that as a positive. Although AIM rules are different, would they have to if a material difference from guidance?

I guess gov support on fuel bills helped this afternoon. Although I still think we're at the bottom.

I belive there's got to be upside "feeding through" now from the Debenham's and other sites they bought. That's in addition to the existing boohoo sites. Lets not forget, that purchase came with a huge customer base.

Essentially a shorter will borrow shares under a contract for a set price per share, they don't need to own them at that point in time. But they will need to own them when their contract closes as they need to return the borrowed asset.

That means that unlike investors where we need to buy the shares and hopefully profit on a sp rise, a shorter has no big outlay. Therefore anytime between the start of their contract and then end date, they can buy them back hopefully at a cheaper price and pocket the difference.

It's likely thoigh they will hedge that borrowed asset somehow on a spread bet, as insurance. Or gradually build a holding over time. They probably don't wait until the last day, and buy up 100% of their borrowed short. They're probably trading in and out during their contract period, as long as the price is lower than the borrowed price they're still winning.

My understanding is there's fca or lse rules with regards to holding huge reserves to act as a shorter.

Boohoo have 100m in loans, hardly anything compared to many firms with billions of debt on their balance sheets (such as HLN), I personally believe boohoo will surprise the market at the end of Sept. I chat to my daughters about online trends (what their friends buy) they all live with mum and dad and don't care about energy bills.

Forgot to say the youngsters that shop at boohoo, live with mum and dad, they don't care about gas and electric bills.

Unemployment at historical lows. I'm confident.

Bought in during Feb-22 at 87p. Lost my bottle mid Mar-22 on some bad vibes, sold at 93p.

Looks like it's time to play again. Doubled up and back in at 40.7p. Come on boohoo... go go go.

Pretty sure it's being dragged down by THG, which I was convinced would drop under 50p from a year ago. That actually just happened, not that i fancy that share yet.

Sorry wrong board

Bought in during Feb-22 at 87p. Lost my bottle during Mar-22 on some bad vibes, sold at 93p.

Looks like it's time to play again. Back in for 40.738p come on boohoo... go go go.

Pretty sure being dragged down by thg, I was convinced that would go under 50p from a year ago, and it did.

I keep thinking about this share. I'm after opinions based on following:

LBG lloyds banking group pulled out all their assets due to conflict of interest (last huge chunk recently). That's a huge bank. Anyone know why there was a conflict of interest and could that also mean there's a conflict with other huge UK banks as well? I'm trying to understand if the asset drain could get worse.

Thanks in advance.

Those opportunities to remove an entire level of pointless self serving politicians are rare indeed. That was incentive enough to vote Brexit, although the entire point of less employees should eventually equate to better incomes. Sure business's will complain, but I stuggle with that when they enjoy insane director salaries and often have funds to buyout other firms. Crying wolf doesn't wash with me anymore.

We shouldn't have programmes on TV telling us how to feed our family for £1.50 it's beyond insulting. All that said I have great faith in Lloyds as a shareholder and believe the UK will do just fine.

Reading a cine article in FT dated 27th Aug it says. In June Cine were due to make 270m usd payment to formal regal shareholders and was expected to make a payment to banks for a revolving credit agreement..... both were missed.

That was like two months ago, don't know if those payments were eventually paid.

It's a shame in times like this when the share price is 2p, a company can't trigger some sort of trade tax for those that want to save the firm.

You buy £200 worth and pay £100 extra, to fund the firm with liquidity. You're still getting cheap shares but potentially saving the firm going under, backing up your investment.

Something for lse to think about.

Or maybe just go to the cinema at the weekend. Haha.

Well even if I was considering a stupid punt on this today. That's all over now our fuel bills just doubled. See news today.

That's even less money for families for entertainment. On the funny side charging an electric car just doubled over night. Which makes me wonder if I should write to my MP and ask what the benefit is of all those 1000's of wind turbines I can see from the beach, where I live.

If our politicians try to convince us, it's the Russia effect, remind them their green agenda created this problem.

Good luck.

My suspicion is cine are fast running out of short term liquidity and desperately need more cash, before they make it to the results. Lenders probably said no, or suggested a debt for equity swap. In any case cine would need to advise the market of a material difference to the firms finances, or a potential equity swap.

They've done that twice, so the chances of a shareholder wipeout has more chance of happening now than not. Also it provides a window to sellout on that news. Institutional investors would not be dumping at 2p if shareholders were not going to lose everything.

This is beyond shorters or any other conspiracy hitting the sp. Shareholders are likely to lose everything so says 2x RNS's. The window will close soon and no one can say they were not warned.

At 1p it's worth a punt for 100% for 2p. But 3p means I need 6p bounce, anit gonna happen.

In reply. I think cine have burned up all their borrowing options. It would not send a good signal to close cinemas now we're out of covid, saying they're not making enough to cover staff costs. They've gone back to lenders too many times now, seeking funding. It remains to be seen if they can borrow more, although I'd be worried now if I was a lender.... because cine are taking a new road. It would appear they want a new deal with lenders even a haircut. Would you lend more? I wouldn't.

So it's come down to this. We want more money, if you say no we will file for chapter 11. Even though we want more money, we're telling you that we don't earn enough to pay it back.... but we might earn enough when new films come out. Seriously hahaha.

So cine no doubt have now upset their lenders big time. Not good when they owe billions and need more.