Member Info for skittish

Flagship brand J D Williams looks to be doing well

https://www.alexa.com/siteinfo/jdwilliams.co.uk#section_traffic

Jacamo looks solid

https://www.alexa.com/siteinfo/jacamo.co.uk#section_traffic

Simplybe slightly less so (maybe to do with the time of year) -

https://www.alexa.com/siteinfo/simplybe.co.uk#section_traffic

Hopefully site visits translates into volume and profits.

Interesting chart from Standard Deviation on twitter.

Targeting the grey area.

Above 160p and were breaking out of a 6 year downtrend.

Not yet but end of year could be within reach.

https://twitter.com/AIMstockpicks/status/1302169205706567680/photo/1

Looking forward to the AGM on 10th September.

Cannot believe that we will not get some form of statement on the last 6 months trading and something on forward guidance.

Many competitors have issued statement, so can't see why BWNG would be different.

Critical, I think will be any provision for bad debts, given the covid situation.

Some credit issuers have recently made fairly large provision for bad debts, although, in the main, their share prices reacted positively as the provisions were lower than expected. And such provisions can always be written back into the accounts if the outcome is better.

Still sticking (just) to my 100p prediction made some time ago, for the morning of the AGM.

Quite a boost needed to get there by the end of next week, but some nice H1 figures, and decent guidance could get us there.

I think pre covid they were looking at profits in the region of £70-£80m, so that would put BWNG on a p/e of 2.

Don't see why this should still not be achievable in the medium term, and even bettered, although short term trading may be a bit rough.

I think that is right the 7p or so cost of the option goes to the option seller - in this case many were from Mr Akers, the 6p/18p for the warrants goes to ASLR.

But the 7p cost is paid in AAA shares!

So it is all very circuitous - if none of this is worth much then the present big holders aren't going to get much out of it.

Unless of course they've already sold at inflated prices.

Willing to wait and see for while yet.

The 6p's, both warrants and options, expire on 30-10-20, the 18p's 31-9-20, so not long to wait to see what happens.

Actually got the warrants mixed up - there are 15.5M @6p, amd 5M @ 18p, so a bit better deal for AAA, but the cost to obtaining the options for the warrants I did calculate at 7p.

So a profit for AAA if ASLR stays at 30p, but not huge.

I guess the warrants (which need to be exercised within a month or two, or lapse) could lead to further dilution, but most are exercisable at 18p, and AAA will also be paying the sellers of the warrants (mainly Mr Akers) for the right to excercise as well (I calculated around 7p for each warrant - by may be wrong on that, so do your own calc - I think the price actually went up recently, but nothing is paid if they aren't exercised), so in relation to the present price of around 30p per ASLR share they aren't "cheap" at all.

At 30p per ASLR share there is little immediate profit in them for AAA, merely the right to take a sizeable stake in ASLR.

Of course ASLR would get an injection of funds.

Many odd manoeuverings here over recent months, I can only think it is all above board as there are some notable names involved along the way, but certainly mighty odd, some involving share transfers at prices way higher than that today.

I'm not sure how it will pan out - boom or bust I reckon.

As I've said before I happened to buy in the Yolo days, and sold half in the days before suspension, so am still in profit, but if it all went south I'd be frustrated at having wasted 6 months researching matters.

Hopeful, but by no means certain, of a decent outcome.

Disappointed, and somewhat confused by today.

Someone has gone to a lot of trouble if there is nothing there.

Reflecting and slightly puzzled.

AAA is paying around 25p is for the warrants in total so hardly a bargain at the price given for ASLR.

Also AAA whose only real asset is a potential 18% of ASLR has a total market capitalisation greater than ASLR.

They're down today also, but one of these shares is vastly undervalued or overvalued - the only question is which one?

There's something out there to which pi's are not privy.

If you look back at various RNS's BWNG do tend to give a trading statement a few weeks after an important trading period- thus usually there is one around mid January reporting on parts of the Q3/Q4 period, which includes the Christmas runup.

They don't tend to issue after each quarter period end, but do if there is important news, such as Covid or when dealing with unexpected events such as an increase in PPI claims.

So I think, as H1 ends on 31-8-2020, there is a good chance of a trading update at the AGM on 10-9-2020, particularly as we live in exceptional times and there will have been no update on trading since 26-6-2020, a time during which many peers have been reporting increased online sales.

Not expecting news until then, and quite happy with current share price performance.

Very interesting - and here is another angle, again in The Times today -

The difference between overall retail performing well and the shops performing poorly is that it appears online has filled the gap.

"Jonathan Athow, the deputy national statistician, said: “Retail sales have regained all the ground lost during the height of the coronavirus restrictions as more stores open for trade and online sales remain at historically high levels.”"

"Retail sales rose above their pre-pandemic levels in July, the first full month that shops selling non-essential goods were open since the country went into lockdown in March"

"The unexpectedly strong figures — economists had forecast a rise of 1.4 per cent — have put retail sales 3 per cent above pre-pandemic levels in February and reflect a release of pent-up demand after the easing of lockdown.

Although supermarkets and food shops received a boost from the lockdown as more people ate at home, and while online sales have jumped, many companies in the retail sector are struggling. Clothing shops have been hit hardest and the volume of sales in July was 25.7 per cent lower than it was in February, even with a increase of 11.9 per cent during the month."

https://www.thetimes.co.uk/edition/business/retail-sales-regain-all-ground-lost-in-pandemic-jj6t7zhtk

This from The Times today on the brutal revolution at MKS.

On line clothing sales have increased from 22% pre covid to 41% now.

"The closure of shops during lockdown forced shoppers online overnight and customers have become used to spending in this way. As restrictions have eased, shops may have reopened but shoppers have not returned and Mr Rowe believes that customer habits have changed forever."

Bodes well for N Brown.

https://www.thetimes.co.uk/past-six-days/2020-08-18/business/crisis-ravaged-m-s-seizes-on-chance-for-brutal-reform-r8pb3cvgn

The times today suggests that the current "Tech Boom" could continue for a while yet.

Interesting to see what a stake in a leading machine learning and AI company could be worth.

https://www.thetimes.co.uk/edition/money/missed-out-on-the-tech-boom-you-may-not-be-too-late-rl9vld9gx

SJ, no - but see my post of 9-8-2020 concerning the potential valuations.

AAA shares are roughly 6p which means it is presently valued at circa £46M - excluding warrants etc.

Their only real asset is a potential 18% of ASLR.

So, if that AAA valuation is anywhere near correct that suggests ASLR is worth a whopping £255M - again ignoring warrants etc.

I'll ignore the warrants as it complicates matters and the figures appear pretty way out anyway.

Presently ASLR has 105,361,443 shares in issue, so if it were to be worth £255M each share would be worth 242p!

That appears too amazing to be true however in a proposed placing earlier this year - subsequently cancelled - warrants were to be issued exercisable at 130p and 280p.

So if the AAA share price is anywhere near "correct" as a valuation ASLR could come back at somewhere way, way north of the 47p price it was suspended at, and indeed substantial numbers of ASLR shares were subsequently traded off market at 70p it seems by someone who it appears subsequently became a director of AAA.

Also the AAA share price has increased by around 100% since the ASLR/MESH deal was announced.

And various insiders were bidding up the price of AAA warrants when the AAA price was around 1p-2p.

I guess on readmission to trading it will either be boom or bust - and not much room for anything in between.

Possible fireworks either way.

CC, anyone can surmise that this company offers good value, and they may be right or they may be wrong.

But when a director takes 24,791,667 shares this reinforces the view that there is value here.

I don't believe that he bought them on a exchange, but took them in the last fundraising on 20th July at 0.3p as the RNS that day refers to him having taken that number of shares.

He did however put in real money, around £74,375.00, for real shares.

And he is officially an "insider" and became such the day after his appointment, when presumably the crown jewels were revealed to him.

AH put in real money that day also, and swapped debt for shares.

Looking good despite the odd wobble.

News anytime, as the "purchase" isn't recent.

From the RNS looks like trading again Monday 24th August, or possibly the next day.

Placed on MESH website a few minutes ago....

"MESH is pleased to confirm that during today’s virtual AGM all resolutions were duly passed.
As a result, MESH will shortly be issuing 24.0 million ordinary shares to Asimilar Plc as part of
the settlement agreement that was announced on 3 August. The Company continues to
make considerable progress with the proposed Sentiance transaction and expects to provide
further updates to shareholders in due course."

https://www.meshholdings.net/wp-content/uploads/MESH-AGM-Result-and-Update-20-Aug-2020.pdf

Issue of 24M shares to us later today, and trading tomorrow?

RNS from ASLR must be imminent.

Zenith (ZEN) announced this morning that they pre qualified for the Nigerian Marginal Field bid round.

I'm sure if they could qualify then it would be a walk in the park for COPL - assuming they applied in the first place - quite likely, I think.

And N Brown is the only consecutive 11 day gainer (the "other side" actually shows it to be 10 days).

And only 3 stocks have presently gained for more than 6 consecutive days - so that is quite an outstanding performance by N Brown.

Amazing considering the last trading news was on 26-6-20.

Hopeful of a continued re rate into the 70's.

...is not Mission Impossible.

I expect both 2) and 3) will be achieved.

Simply got to look at the different headlines offline and online retailers are making. The differences could not be more pronounced - and N Brown is on the right side of history.

Definitely got legs today - long legs....

mean = meat!