Member Info for stuGGTTH

I seem to remember the likes of Standard Life (abrdn now) exiting abruptly, so it must be at least in part the reason for volatility? BOO has possibly also gained a reputation as a traders share, so as a generalisation, why hold long term when there's maybe more to be made coming and going, so to speak - there's even a recent post saying as much!
Shorters like the volatilty
t4g thanks for reply

I have a modest BOO holding, I have an explanation for the volatility - when controversy struck BOO regarding labour practices the Institutional Investors fled, they don't want to be associated with controversy...the share price slumped and was bought by private investors, who are more likely to 'trade' the share rather than Institutionals, who are usually in businesses for the long haul, therefore the share price becomes more volatile

Liberty Steel offices raided in SFO investigation

Correction from 2019/2020 rather

Seems to be a correction from 2019/2200 which does not involve income statement, net assets nor cash - not ideal granted, but the remainder of the statement was positive

Vine9 - I sold this morning too, didn't invest much originally, but I understand what you mean about being tempted to buy back in - not sure if MCLS actually own stores or just lease them, but even the stock (inventory) they hold might match the now £3.36m market cap??
Its like a deal has already been done, somehow - surely a reported £97m debt can't be fatal (£97m isn't a big deal these days), and why continue with conversions to Morrisons Daily, if the debt needs settled?
I feel sorry for those that bought shares in the placing last August, seems they were promised much but are now told to expect little...
There's maybe a currently unknown nightmare scenario in the probably to be delayed accounts, which will see the shares suspended due to breaching the regulatory timescale
Perplexing indeed

U.N. Sec Gen in meetings to promote peace in Moscow today too - apparently not too much expected, but its a start in my book

Indeed PYUECK, but overdone in my humble opinion, Tech suffering again Stateside today, LTG might not immediately bounce, but a good entry point??
Stu

Just oversold, I think - the market doesn't need much reason to sell Tech stock currently

Low volume today

Took the opportunity and added modestly, almost at year low

82% spread on HL

Institution maybe sought clarification, therefore time taken...in honesty, I sold my modest holding at opening - the cold light of day dawned.
Where there's a will, there's a way but BOD don't seem to have the will, imho

Lol a 'Norwegian Blue' as I recall

Must surely be some wiggle room on a £97m debt, in a (hopefully) post lockdown UK, for a business repositioning itself to be in better circumstances than it has been for years?

Also why is a £97m debt almost seen as fatal to the business, £20m annual profit should cover commitments in that regard, surely?

Yep, I read that NAVYRRET, maybe didn't convey my thoughts too well, please indulge me...there was a raise last August at 20p, my holding bought today averages 2p, therefore I have 10x the shares that I may have, compared to then - if MCLS re financing should dilute my holding by say 10x, then it would be like shares cost me 20p BUT I would be holding in a business that's better financed and taking a new, more profitable direction via Morrisons Daily, in the main.
Much hypotheticals from me there, granted, but current market cap of £5.19m makes little sense, and surely must rise

Gheko are saying that, in your scenario, holdings are going to be almost diluted to nil? They can't just kick out current holders, surely?
What likelihood, with MCLS converting to Morrisons Daily apace, and effectively talking down the share price seemingly (and therefore market cap) that they are more looking for a buyer, than financing??

And also the unexpected RASP to factor in...

Lol, I chuckled Woodstock...would have imagined their profit margins for sweets, juice etc would have been higher than the average supermarket, as convenience shops are usual more expensive comparatively