Member Info for SGD27

If anyone's wondering what a "Senior Independent Director" is : https://www.prismcosec.com/media/977659/Prism-Briefing-Senior-Independent-Directors.pdf Seems to have a strong connection with shareholders. I managed to reduce my average to ~152p last week. I'm guessing the profit warning wasn't really as bad as the SP reaction suggests. The key phrase is "the volume and margin performance in the first half is behind original management expectations"; note they didn't say "significantly behind" or even "materially behind", which is the sort of language typically used. (Though in fairness, they didn't say "slightly behind" either!) Anyway, the directors haven't been shy about taking the opportunity to buy cheap. So I think there's a fair chance I'll be back above water before too long. GLA

I have to confess to a little bit of profit-taking here. It's had such a good run that I felt the need to rebalance my PF. Still holding plenty though; and I'll be adding again on any significant dip, not that I think that's particularly likely. Anyway, it looks like I'm not the only one : http://citywire.co.uk/money/4-shares-the-pros-are-buying-and-selling/a958034#i=4

Oh dear, I'd thought any Brexit problems would already be priced in. I assume "invested in margin" means "cut prices"?

Yes, I see that their recent SP charts do look quite similar. And MMH have just released this RNS today : http://investing.thisismoney.co.uk/news/article/id/5433484 " Statement regarding recent share price movement The Board of Marshall Motor Holdings Plc has noted the recent movement in the Company's share price. Other than general speculation surrounding the potential impact of Brexit on the UK economy and the automotive sector in particular, the Board knows of no reason for this movement. ... "

Anyone have any idea what today's dip & recovery was all about? Couldn't find any news. (Not complaining too much though - added @ ~158.5)

Was there something particular you were expecting in the next RNS?

RB's trades now updated: he sold on 28 Sept, for a small profit of £81. (But lost £300 on MOTR earlier in the year.) Wonder if he'll be back? I might consider adding a little if the SP gets much lower, as this does give the impression of being a well-run company. I like their website, particularly the way they handle recruitment.

Been pondering this for a while, and today's director buys clinched it, so I'm in @ 34.5. DW & CH, thanks for your posts - won't blame you if it goes wrong! GLA

Looking back at the chart, he must have sold late Sept-ish.

Well, Robbie says he's out of MOTR "for a profit of £81" in this proactive article. Not quite sure how he's managed that, we'll have to wait till he updates his own website. http://www.proactiveinvestors.co.uk/columns/the-naked-trader/26269/the-market-has-certainly-changed-since-brexit-26269.html

The RNS is about the efficacy of the trial, not the drug!

Yes, sorry, I didn't mean to imply that. Likewise I see him as one source of ideas among many, and I'll also be looking at the update due today. Have you seen his new book yet? It seems to be getting good reviews. I found TNT a bit lightweight but certainly entertaining.

Reassuring vote of confidence from RG.

Not that it's really important, but I think there's an error in that Holdings RNS. It's a move down through 7%, not 6%.

Hi threeputt, Just to be fair to Robbie, he does give clear warnings under "COPYING TRADES" on his "Diary" page. Looks like today might be a mite cheaper than yesterday, depending what the spread really is in practice. Wonder if Robbie will get stopped out?! (Though I think he does that manually, not automated.)

Hi cadburyhill, good summary. It might be added that the aborted trial is by no means a complete waste; if nothing else, it's added extra confirmation of safety/tolerability. So I'm in @ 23p, guessing/hoping that the drop is overdone. GLA

Jumped in today at ~184p. Main reason: Robbie Burns* likes it and there was an opportunity to get in quite a bit cheaper than he did! (Last time I managed to do this was with KWS; Robbie bailed after a profit warning, but a careful reading of the RNS showed it wasn't nearly as bad as it seemed at first glance. So I held and added, and in the last 3 years the SP has quadrupled, which helped compensate for some disastrous investing decisions elsewhere. Wonder if I can manage the same trick here?!) GLA * See http://nakedtrader.co.uk/trades.htm

http://www.proactiveinvestors.co.uk/companies/stocktube/6170/not-the-end-of-the-road-for-synairgens-asthma-treatment-6170.html

At least Malcy is showing some interest : http://www.proactiveinvestors.co.uk/columns/the-pay-zone/26235/oil-price-sdx-energy-thalassa-holdings-gulfsands-and-finally " Thalassa Holdings The clue is in the name at Thalassa and that is ‘holdings’ as Chairman Duncan Soukup has made clear in recent months by investing in a variety of companies such as Papua Mining in which he announces an increased stake today. Probably more interesting is the news that WGP Survey, a wholly owned subsidiary of the group has made further sales of multi client data acquired with the TGS-NOPEC geophysical company in 2014. These will generate around $2m of gross revenue prior to allocating to the multi client partners. Thalassa is a very interesting company and whilst operating in a difficult environment has a Chairman with a desire to make money for shareholders whatever it takes. I have a feeling that the shares are significantly undervalued and should be at least on a few radar screens at least for the longer term. "

That is one serious option scheme: 15m shares, vs 179m currently in existence. My first reaction was to be rather cynical at the timing, right on top of a sudden dip in the SP. However... - They haven't applied any further discount to the exercise price (typically 20%) - More than half is going to non board-level employees I've been in a similar situation myself, working for a firm in difficulties. The lure of what the option scheme might be worth in the event of a turnaround was certainly a factor in keeping me there despite poor salary increases. (And in the end it did work out quite well, for the company and me.) I suspect the SG workforce are in need of some motivation - see e.g. here : https://www.glassdoor.co.uk/Reviews/Stanley-Gibbons-Reviews-E26459.htm So on balance I'm OK with this, and will expect them all to be working hard towards a massive SP peak in exactly 3 years time :-)