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1047 at 09.12 this morning

I'm just wondering why my "buy" is reported as a "sell" here...

Schroeder spent £16.6m at 193p to “win” their first 8% holding. Buying another 4% for £500k would cover a few blushes???

Is that the best RNS (Reach) they can come up with?

Backmarket are a commission earning platform just like ebay. They rely upon google type ads and bespoke algorithms. They own NO STOCK of their own. That all belongs to 3rd parties like MMAG who pay 10% commission on any sale. So there is no way Backmarket would want to takeover MMAG. I myself sell on Backmarket. They are a nightmare to deal with as MMAG have no doubt discovered by now. They are prone to withholding funds, downgrading stock pricing and restricting sales volumes without prior notice. Amazon are so much better to work with.

Lemming ?

Liontrust got out because their holding was sub scale and no longer worth administrating. They must have offered their holding to the other shareholders who all declined to waste any more cash. The board could not afford them and could not buy off market in any case. Cue the profit warning and the price crash. Enter the day traders. Price then supported by BOD reluctant buys to rescue the sinking ship. The day traders are now the market overhang. No other key buyer has put their hand up. This is now a casino chip me thinks

The true return on such a 12 month rental is 20% after allowing for depreciation and interest. Let’s forget admin costs and bad debts for now. So PBT is about £82 but cash flow is negative by about £450 by end of 12 months but nearer to -£800 on day one. EBITDA meantime is 12 x £33.99 = £407.88 in perpetuity. 100% margin ! Abracadabra. EBITDA is 5 times true PBT. Smoke and mirrors together with huge red flags

I think they had to step in and buy to keep their bankers from getting too spooked. Will be interesting to see who was selling. Could still be a big stock overhang ?

Take 30 mins and Google this company. Dig deep.

Whatever. Only stating facts. The vultures will move on next week to new carrion. Enjoy your profits. I have no problem with that.

He bought because he was told to by other investors who in turn supplied the shares to him. Read up historically and you will see why. He cashed £20 m at IPO and his CFO stepped sideways the day before IPO. Smell a rat ? When revealed he was forced to buy to support SP. Look at events since

Director was forced to buy in response to a kicking in the press that very morning. Beware,

Quality over quantity. What have I written that you can actually argue with ?

They have spent £4.2m of the bank's money in just 3 months. That tells you everything. Can't see the bankers putting up with that for very long. Creditors will be nervous as well. I wouldn't sell them anything on credit. Would you? Black Monday is just a great way to crush margins and is best avoided by any sensible vendor.

Getting a bit livelier now. Hoping for a 10 for 1 share split to improve liquidity

Interesting podcast from Colin Bell of GLR last night on Share Talk. He drops "rare earths" into his spiel. Another player enterig our space ?

Colin mentions Rare Earths. Whole new ball game for GLR

Is there anybody on here? Asking for a friend

14m options exist at 5.28p