Member Info for sammacleod

I am with you .... had a bit of a windfall so decided to dig deeper..... ha ha. Now holding more than 3 times what I used to think of as my core holding.

At least my average holding price is lower....

I may be becoming an expert straw clutcher.

This is a bit like listening to my neighbours dogs barking at each other through the hedge. Not sure which one is the yappy spaniel or the dopey brown lab that eats everything.

On a more substantive point, I do wonder if an MBO is a developing scenario here. Although, having had recent experience of the parlous state of the UK Venture Debt market that may be an unlikely play.

I confess I would love to see 86p. I am now at about 3X what I would consider to be my core holding - I have fluctuated up and down - in the last year as share price has wombled around. Generally managed to be +ve in trading in and out which has helped . I had got back to core holding a few weeks ago and then starting adding a few, but this latest drop frustrated me to the point where I doubled down today bringing my overall carry price to mid 40s.

I see a lot of erudite comment about debt levels etc, but I tend to feel that if the P&L is covering the coupon going forward and the estate value does not collapse from here then the downside risk of "real debt" level is low. Yep, more cost push to come but with growing volumes I hope manageable.

I trust what I see outside, busy pubs, busy restaurants and a real economy where I live that looks flat out. Try and get a roofer ....good luck!!

The market reaction is perverse.

Added today - MARS will end this month well above the 35 I have just bought at.

Results are OK. Economy is nowhere near as bad as the doomsters are predicting. I had to wait to get a table at 6pm on a Tuesday evening last week for goodness sake.

For the brick chuckers - if you want to say Sales increase is only due to inflation and therefore discount it, then do the same and acknowledge that the reduction in debt in real terms is way more than the nominal £12M.

DYOR as always but I am buying again.

Mmmmm. Things must have changed since I retired. When I was working I don't think I ever met an investment fund manager with an investing horizon approaching 10 years....10 months would have been a push.

Having been there...converting options to clear income tax liability when sp is depressed is good tax sense. Taking the 45% hit low and converting upside to capital gain at 20% makes perfect sense.

One can argue about whether options should have vested - that is a different discussion.

Having been there...converting options to clear income tax liability when sp is depressed is good tax sense. Taking the 45% hit low and converting upside to capital gain at 20% makes perfect sense.

One can argue about whether options should have vested - that is a different discussion.

I'm with Nick - managed to close last week's optimistic trades on Friday while retaining my shirt but only a little ahead. Decided at that point to just stick with my core holding.

Added a modest buy today to average down but nothing silly.

Nick, in relation to your question on my £4000 @ 83.9 ...mmm still sitting on that loss..... just added 2 other trades at 80 and 78, so back to my play pot all committed. Overall carrying price after costs and this morning's realised gain just under 79. So hopefully, an uptick this pm after the overswing to downside or I will have to eat the loss.

I don't know what I think about what the mkt thinks. I thought it was over valued when it was £4+, I think it is undervalued where it is now. It is a difficult business area but my feeling is that while print is in decline, the business overall will be more resilient than others seem to expect. Management can always be better but that would apply in many companies.

While I bought my core holding was purchased well below the highs, my net carrying position is still languishing below break even at this price even after trading profits and divi.

I am not really a trader, I just get spurred into trading when I get PO'd with irrational gyrations.

Same with my MARS holding although it is vloser to net break even. Thank goodness for big oil or I'd be on bread and water.

LoL..I think I am rather more oblate than the gym bunnies on there.

Back in at 83.9

Could be an interesting trading day.

Ludicrous reaction to results that were signalled in January.

Bought 10k at 84.7

Just sold...trousered £260 while having my toast.

Off to gym.

Possibly both

Profit will be up. Actual bad debt will be less than previously forecast. Capital ratios will have improved further.

Small divi increase, more share buy backs (WHY) and predictions of armageddon in forward forecast, so they can out perform them next quarter.

I may be cynical.....

All said, fundamentals say share price will be higher in 6 monhhs supported by buy backs and real earnings - tgt 63p in 2023.

I think this stock only has one way to go. This drop this week looks orchestrated... where are the regulators. Topped up today a bit more at 50.5

I am incredulous at all these companies making buy backs. My former boss always said,the day he could not think of anything better to do with free cash than buy our own shares was the day he should resign!!

Sold my 80s today - a snip under 10% on the week.

Back to just my core holding again, but with a little profit to reduce my overall carrying loss.

Maybe I should just sell and move on - it is very stressful hiding under the table every time management make a statement.

I struggle to recall any time IMF have got a forecast right, so......

Good RNS yesterday but will be happier when we have actual numbers.Assuming numbers are in line, share price recovery should accelerate.

As an aside, is anyone surprised that the derivative wizards have got burnt again? We need to take a serious look at financial regulation in this country - pensions are meant to be boring.

Probably not clear......

I am at about 150% of what I have long term considered my core holding in MARS.

Now that I am retired, I have to be more conservative, so I have a pretty hard rule of no more than 2% in any single stock. Works pretty well although because of their run up SHEL and BP are well outside that at the moment - reluctant to correct that though as the Divi is so good.

Not sure I have a clue what Govt are up to..... mind you not sure they do either.

Markets all a bit nervous but I think the "woe, woe, thrice woe" from the media is a bit overdone.

Similarly, this drop back feels overdone too, so I have added another 10K to average down a bit more. Over exposed now at 50%+ over long term holding, but I do feel this an opportunity. Holding price bobbing around about 5% below break even now. :(

It takes 2 to 3 weeks to brew and condition a beer like pedigree. How can their demand signal to pump management be so bad that pubs have no beer for weeks.