Member Info for RickEngland

Haha. I got out in the 20's at small loss some months ago. Although I might dabble again at 1p. The main reason for selling at that time, was paying £100 or so to take my kids to see imax J.Park. when my 65" OLED TV with superb sound bar, wasn't a huge difference in experience. I think movie companies need cinema, but my appetite to pay £100's is falling, when I can pay £15.99 to watch from home, without noisey teenagers spoiling it. Not to mention pausing it for pee break or grab snacks. It's a real shame, but there's a cost of living crises going on.

I hear ya. But the question is, do they need to file for chapter 11 to access the funds to pay staff? Which is the reason they would do it, if bondholders said enough is enough. I just can't see bondholders taking pain, and leaving shareholders free of pain. Which means we will get hit in some manner imminently.

How is anyone posting at 4p a share, trying to benefit from a falling knife? It could be 2p or 1p and the huge risk of shareholder wipeout still remains.

The only plus is if the share drops further, more gamblers might buy in. If the company is a quality going concern for the benefit of shareholders, the share price would not be 4p. Assuming we ignore 2x potential lethal RNS's what's the share worth then 20p?

Even at 1p, I'll probably lose my money, playing here. So I don't see any benefit from those highlighting the risks involved. At 1p though, I might risk £200 will see.

They don't need to triple down on the threat of a shareholder wipeout by adding "we only have £2.50 in the bank" haha

But if they're too scared to simply say, we have x amount of cash, to cover x amount of bills, then they obviously don't have any cash, or any cash they do have will be gone at month end.

No... it's the opposite of the original above post.

They didn't counter the imminent threat of bankruptcy, by stating they "have" adequate short term liquidity. Which appears to me they don't hold much liquidity. Which also implies this months bills could be a problem to pay... including staff salaries.

Which means they could be forced to enter chapter 11 to gain access to funds to simply pay staff by month end.

Besides if they didn't capitalise on Maverick or jarrasic Park, how is the black panther going to save them months from now?

They are out of cash, and didn't confirm that's not the case.

The latest RNS this morning basically stated filing for bankruptcy would allow them access to short term liquidity.

But they didn't say, they don't need short term liquidity. Therefore I take the RNS as "they do need" short term liquidity.

I was tempted at 2p, but the more I digest the RNS, the less appealing that looks.

Well lease costs regardless if paid up to date, says nothing about servicing billions of debt as interest rates creep up dramatically. Worse still, the recent hits Jaraasic Park or Maverick, don't appear to have made the income cine were expecting. I say 5p tomorrow, the knife is still falling.

HLN are carrying £18bn of liabilities, a lot of that loans based on the prospectus. I'm trying to understand how they will pay it back on 343m profit and the impact t of that on potential divs.

So what have I missed that you feel there's value. Just trying to understand it that's all, against limited information.

I'm interested in HLN, although currently trying to do some research.
In prospectus 343m profit / number of shares = 3.7p a share earnings. Thats not alot based on share pricem
Different number in prospectus lokoks like a typo in there earning per share quoted.

Threre's a ton of debt on the balance sheet , looks like cineworld territory. I am I missing something here?

Been in and out of this share over the few years (currently out). Popped in to check out RNS. So Gary says working capital at the results is £8m, and market cap is currently £18m. Plus Amigo needs to raise capital to commence loaning (that's an incoming dilution), needs FCA approval too.

I value the firm at £8m then (working capital) That's on a good day with no more pain. Which means the sp should be 50% lower.

I think I'll wait until this equity raise is sorted, then revalue. Good luck though.

I'm hearing much news today, that a Halifax media identity employee, is advising customers critical of the pro-noun name badges to "close their accounts"., it's sll over the press. As a shareholder, this is deeply concerning and surely a step to far. How many good customers are LBG prepared to sacrifice in the name of politics within the workplace? Or are we going to be renamed LBG-T? Can anyone give me a straight answer?

Because a heavy share dilution is coming. Where's the potential upside?

The markets bangs on for years; "banks need higher interest rates for better share prices" ok here's your higher interest rates. Market then says "nope we've changed our mind, people will struggle to pay"

The reality is, 1% base rate is still very cheap compared to 6% - 8% norms a decade or so ago.

The bank will make even money now, then the politicans will moan, even though "everyone" has a pension that benefits from decent business earnings. Essentially the politicans say "we want your pension to fail, and you should be happy".

We live in a strange world now. Where both making money or not making money is considered "bad". But investing in loss incurring potential growth stocks is considered "good".

Just so gives me the hump , we can't win. Even when the business is winning.

Sorry wasn't clear, "not yet cancelled the shares bought back". So all bought back shares are still effectively in circulation until cancelled. Lloyds do like to issue months voting rights RNS. So they will either continue to carry them in Treasury, makes since while buy back is active. Or cancel ones bought to date.

I got out of poly at £1.60 on the day evraz got sanctioned. I'm following now purely to see how the sp behaves without FSTE tracker funds holding it up. Surely it's just private investors now, with those that wanted to buy in, pretty much invested. It's very interesting seeing how the market behaves in such rare situations and what demand could push ip the price. Good luck. I may dip in again, if it really bottoms out. For me the political risks are far too high to warrant anything above 50p a share. (maybe 30p).

Sure about 5 years of buybacks, plus some interest rate rises and the SP should be enough to clear my mortgage. Massive capital reserves and currently low p/e ratio. Not even cancelled any of the buybacks yet. (that's coming). Even if interest rates went to 3% its still at lesst half what it was in the 90's. I guess lloyds can double profits every 0.25% rise as positioned themselves to deliver at such low rates. Best low risk, decent reward share out there. Carry on Charlie.. smiles.

625m shares bought back now at a weighted average cost of £281.5m. Which wipes out all the new shares lloyds issued since March 2020. Obviously lloyds haven't cancelled them yet, looks like they're going to do it in one big go. Still a long way to go for the full £2bn buyback. The last bay back programme was halted in Sept 2019, so once we hit 1,020m shares bought back, it's like continuing from the Sept 2019 buy back. I'm hoping we can get to around 67bn shares in issue, once it's done.

I really feel for the small investors here. I think my mental health wouldn't be in a good place tonight, if i wasnt able to get my £12k out quickly after hearing the RA sanctions this morning. Some of my investors friends got out in time, some didn't manage it. I do wonder if cancelling the div at the last moment (which protected RA), was probably an extra nail in the coffin for the FCA . Last night I heard a directors private jet was sanctioned. I was seriously worried last night that today would be bad.

I can't stop thinking about a few posts. Someone wrote few days back "incoming div £55k" some other person said they had 300k shares, all their pension i guess. OMG. Sure it was risky, but we're only chasing a dream in a firm with solid fundamentals. After deep thought, I don't think the board cared one bit about the little investors, we were just cover (a necessity) for the oligarchs to list their stock. They proved that cancelling the div. It's not looking good, pretty sure now the oligarchs will offer 20p a share or less to take it all. Can't see sanctions being removed, the war is still raging. It really stinks our politicans courted these dodgy Russians and now playing the morality card. We shouldn't have had the opportunity to be trading in a company mainly for the benefit of the oligarchs. My sincere sympathies to all those little people worrying about their savings tonight.

Also since one of the directors is on the poly board (both RNS's this morning both similar). This likely means the poly div has gone too. I wont be topping up unless both seriously tank now. No income, that means remeasuring risk v reward (at cuurent prices which included a div).

Problem is Evraz just sanctioned their own shareholders.
Once an income stock stops one div, they could stop 2 years of divs . Pandoras box has been opened.

Sure the cash balance has increased, the company is stronger. But the reality is, we are no longer an income stock until further notice.