Member Info for Sreves

Most shares up, FGP up 2.89%,...MCG well down, doesn't bode well whatever the perceived reason for the continued decline.

Can only be the debt imo.

Could be the likes of JPM & Blackrock continuing sell down the remainder of their holdings, under notifiable amounts.

If there is nothing wrong with underlying trading/outlook then imo predators/private equity must be taking a close look at this level, I live in hope!

Been some large sells going through over the last few weeks.

Are we to assume they have more to offload, further sp pressure.

What's the likelihood they've been sounded out for a cash call by NEX and decided to sell ?

Perhaps the market as it does is looking forward/out to refinancing all that debt and is worried higher interest rates are here to stay for the foreseeable, maybe all that uncertainty is be putting pressure on the financials,...though the board having just paid the dividend suggests otherwise.

They really need to back the company up with some share purchases, the lack of is intensifying the sp downward spiral, until one way or another news breaks good or bad, sp says bad!

I don't what to make of it, but it's very concerning the continual sp drop, the directors reluctant to purchase, shares with lots of debt that fall continually like this usually portend bad news, I pray not.

We'll be last to find out but is this being priced for a placing/dilution, you'd think not after the dividend but lack of director buys is starting to smell bad.

It's all about the margins, whether they are shrinking or a going to recover and how this affects the debt and whether or not.

Nerves of steel required to hold/add, I'm waiting for a signal from the directors.

If it's fine and inline with company guidelines then it is time to add but that chart is horrendous, not just the last six months.

How far will it drop, what do the shorters or market know, yes they will play on fear but this sp retrace is worrying, anyone warning on margins and it probably 50p. I am very worried the insiders are very reluctant to make a purchase, setting alarm bells off for me, though still hanging there for now.

I'm considering throwing more cash at it but it's been a falling knife for so long I must be going mad considering it.

Until they show signs of recovering margins the sp is going to be under pressure imo.

It must be all about the debt levels.

They should have paid it down rather than announce a dividend, hoping it ould attract income seekers prop up the sp, it's back fired.

Market don't like something!

Is there the slightest possibility that a cash raise is on the way?

The debt although serviceable is huge, board sanctioned a dividend which might come back to bite them, credibility will be shot, they may have to walk if they announce funding issues,...all it might take is lower profit margins, inflationary wage increases, a profit warning.

Not trying to scaremonger but the market has been fretting all the way down from 300p.

Lack of director buying worries me at these lowly levels, they know better than anyone how well or not the business is performing, they need to step up to the plate otherwise as some are speculating there might some bad news slowly fermented in the background, which we as pi's are last to find out.

Do none of these directors have any prior purchases, all the rns imply no previous holding which I find hard to believe?

If they have not credited the div by now that's very poor, sound like false economy stock trading, no commission so how do they make their money,..there is no such thing as a free lunch!,..Is it on the spread to buy/sell, is it less competitive than traditional commission per trade stockbroking?

Could someone shed some light as to whether or not they are worth bothering with, if they were as a good as free commission sounds why are all normal stockbrokers not out of business?

IWEB seem to offering a substandard service compared to the other brokers.

Dealing account divi cash paid in about 2pm and can deal on it,...As for ISA cash the amounts payable show in the account but they have confirmed they hold on to the ISA cash for another day before allowing their clients to deal.

Pathetic

IWEB said to me they are still waiting for the divi money to paid from the registrar! Sounds like borlocks to me.

My dad who is with ii said his account was credited before 08:00 hrs today.

I can assure you I am invested and it's most likely well in excess of most posters on here not that makes any difference because it's all relative to each individual circumstances.

I am as peed off as everyone else and the sp performance here makes one question your own sanity.

Management may appear to be doing a good job to steady the ship but after the initial euphoria of the covid vaccines where most stocks rose massively NEX has been on a one way downtrend from over 300p, something just does not add up.

Name changes for me usually are associated with distancing the business from past upheavals/poor business decisions or downright incompetence. This is more akin to rearranging the deckchairs, I hope it's not the Titanic!

The sp is down here for reason whatever it may be.

Is the market pricing this as a highly indebted ex-growth stock.

Almost trading like a utility now with a OK dividend

Dividend has done zilch for the sp, should have paid the debt down before it becomes the elephant in the room.

Margins are very slim and all it would take would be some adverse news/profit warning etc of sorts to drop the sp below 100p.

Something along those lines would no doubt result in a fund raise.

Sentiment is certainly on the floor sp wise.

Could be a very long road to any meaningful recovery.

What if base rates remain elevated for several years or entrenched which is against current opinion therefore forcing NEX to refinance at higher rates, is this what the market is currently pricing in?

After all no one expected base rates to go/stay around 0-1%, predictions by market guru's/economist are often wrong.