Member Info for Rolo111

That’s what everyone said 3 years ago lol

PS I’m very heavily into this share and bullish.

It says results are on 29th 🤞🤞🤞

Im extremely bullish on this stock as I have a small mortgage invested here now.

But the company definitely has not been doing a lot of things right - hence the battered share price. And don’t be saying it’s all about the macro as there are a lot of companies with massive debts but some of them are at all time high.

So they need to get their act together - at least meet or exceed the latest guidance - successfully sell the NA - sort the WM business out - reinstate the dividend on deleveraging.

PS. When I read Pedro61 posts they all can be summarised as “to the moon 🚀🚀🚀” - I mostly skip them lol.

They see the uncertainty and weakness in the short term share price due to several reasons - macro, debt, sentiment, management failing to deliver so far etc. Therefore they are earning money by shorting it. They will be gone as soon as the tide turns/MCG posts a profit.

It was a bit of an underwhelming update at first, as it seems they always have a series of complicated impairments/expenditures etc. - it is a global business and very complicated beast with a lot of things happening in every division. And reading the update it’s not easy to get your head around it.

On top of that posting a loss is never great.

I’m happy with them mentioning covid support levels and the withdrawal of support accordingly as that puts things into perspective - without this info it would seem that the company is in a downward spiral or stagnating but it’s the exact opposite.

It seems at least to me that they are taking very positive steps to prime the business for growth and capitalisation of profit from revenue streams in H2. (Increased ticket prices, streamlined operations - with 200 redundancies, U.S. drivers mostly recruited etc.)

As long as they can deliver anywhere near the £200m full year profit and hopefully boost the full year dividend accordingly the share price will follow.

I’m happy to hold provided the above happens, and although not what we wanted the update seems to be positive when you chew though it - and believe you me I have 😂

I have a boat load of these now and they are staying out. If it drops to silly levels I will keep adding.

PS I think they are at a silly level now.

£1.58 Which I’m happy with as I had over £2 avg. Over 21k shares. Would like £3 before I sell or might just keep them if dividend is constant and share price keeps creeping up. Also adding as and when, happy to LTH as I think this could be a behemoth long term lol.