Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
With only 61m shares in issue, then price drop will be large, but will also be large when buyers get back in after a few days. Normally better to wait a few days before a recover but have bought in Today as can see good recovery now bad news is out of way.
If that`s the case, then this would equate to around 1p off current S.P. then by my recconing. Any more sold shares are getting snapped up so hopefully no more price drops until the audit is released. Took my 100% + profits from Yesterdays buys just to hedge against further falls and holding remaining shares. Still believe this is worth 30p + even with writedowns on stock overfill.
Believe Brent Waker went under. Was owned by a Family of boxers. An early one I also remember around that time was Trafalgar House which owned the Savoy & Cunard liners. Was taken over within 2 weeks after I bought in. Wish I had been more lucky on others though as profits soon went on bad investing. Will I ever learn ?
It`s strange that every Company involved with William Hill sees it`s share price drop or go under. I`m starting back in the early days of Brent Walker in the late 80`s. As previously mentioned "William Hill is an albatross" and will serve no useful purpose for the Group.
Hobsy: That RNS this morning was not necessary... The latest RNS could well be the return F;;;off to Jupiter from the Management at the expense of all shareholders. Checkmate at the highest level. Didn`t want to buy anymore but have done.
So based on Jupiter having 10 % left of share issue, then it does seem that that the bottom has already been reached and now overhang shares have been mopped up. If they sell more, then all the better to buy even more. Good riddance to Jupiter and hope they sell out totally. Great to see they had a massive loss....
Oculus: The only relief is that Jupiter are also selling out on other Co`s such as THG to reduce holding %. Suspect they are also selling out on others. The result being delayed are of concern for all regarding auditing figures which may be worse/better than estimated. Shares will/are being bought from the overhang at these prices but will take a while for the S.P. to adapt to float. My average is 19p so in for hold for at least 3 Months to see where true value is at.
Never heard that term before JMAK. Makes it sound like a success.... Do feel for LTH....IMO, this is easily worth 30p +, just unfortunate to have a badly managed fund causing havoc for others. Be glad when selling is done and Co can find its true value.
PAPUCEL: I`m sure You will still make a profit on Your buy over the next few weeks as this will recover, but it is as previous drops, takes a while. I have also bought in higher recently but have been buying in stages with one Today to average at
£ 10.35. Would love a takeover offer but cant see it being accepted unless in £15 range so will just hold out and wait for slow rise. GL .
Not an over-reaction IMO. The price reflects the performance even though supplies are an issue for a lot of Companies dealing with China. Also am now in but would rather see the Co being taken over. Will recover as it always does but a takeover offer would be better for all.
Stock overhang here and buys/sells are both at 30p. Wont be moving until this is filled so may be trading at this level for a while or even lower if seller continues to bail out. This is takeover price range now so worth holding stock.
Results as expected given slow down in big items orders. See this as great price range to buy into. Must admit that when I visit Wickes stores, they dont seem as busy over the last 12 Months but they do make large profits on small items such as ironware/plumbing which is why I buy elsewhere such as toolstation. Anyway, am in at £1.33 and holding out for 20% profit.