Member Info for Stupmy

Completely agree CM and CEO positions are untenable, but CFO might be the perons that's making a difference here. For the NEDs, no idea, but this is a total shambles.

On the bright side, Gilmartin has said :

"The Wood CEO added: “We have announced further actions to address the cost base of the business to right size Wood for the future, and have laid out a very clear route to positive free cash flow in 2026.”

Magnifique, I'd have imagined stop losses (if present) would already have triggered and contributed to this loss. Further stock losses would presumably relate to trades based on sentiment like this from HI this morning.

"Bottom is folks.

Buy, buy, buy.

All IMHO DYOR

Happy"

How much would they have to raise to make a sensible difference to their debt? At this kind of SP, we'rd talking about a decent dilution I'd have thought. 500m new shares at 40p (if they can get that). Current shares in issue is around 692m so you're getting on for a 50% dilution if they want 200m cash at 40p a share. That's very speculative of course

I agree Talies, but you put a number on it 'high 30s', I'm always keen to learn and wanted to know how you came to that number.

For what it's worth, I have the previous low around 44/44.5 on Nov 7th 2024. We dropped below that today and buyers brought it back up. I'm watching to see if that holds as a support. For the moment, I don't see much evidence the SP is now controlled by buyers, but 44.5 is, for me an area that might be the bottom. Without buyers driving the price up from there (rejecting it), that is pure speculation. I'm watching and hoping for a profitable entry.

So it's a random number on 'gut feel'?

Talies, why 'high 30's', what's your rationale for that?

Talies, 1msn is calling 37p by close of play. He/she's not responded to my request for a rationale on that number.

What's your rationale for this estimate of todays close 1msn

"I feel a 37 close today"

Market is quite thin at the moment. I'm having trouble filling offers of 50,000 shares.

You might be right on the bottom HI (double bottom in fact), but it'll be interesting now. PI's seem to have shot their bolt in the opening 30mins and we need to see where the price settles.

We'll see jc, but the only thing that matters is the viability of the company you invest in and the price you pay for the shares. If it's in reasonable shape and you can get a low price, you'll make money. If you pay too high a price, it'll be harder to get out with a profit.

I posted this on Dec 19th and have been waiting for these levels. I suspect we will see them, but today's price action is still the future so goodness knows.

"I find it incredible that some of you dismiss the shorts as naive fools who will be 'toast' in the shortest of short periods. I still believe we'll see 52-53 p."

Exactly LW, particularly when things are slow anyway!

I have a tendency to be non-specific (that's probably a sloppy way of putting it anyway). These terms have a tendency to evolve and become bastar dised over time so, I've asked an AI engine the following question.

"In financial terms what does Smart Money refer to"

Might as well put some meat on the bones of this discussion when there's not much else happening eh!

Here's the reply from 'Perplexity': Smart Money refers to capital controlled by institutional investors, investment funds, banks, and other large market players who possess superior information, resources, and expertise compared to average retail investors12. These sophisticated investors, often called market mavens or financial professionals, have the ability to significantly influence market movements due to their substantial financial power and access to advanced market data23. Key characteristics of Smart Money include:

Large capital reserves that can move markets

Access to sophisticated market data and analysis tools

Teams of highly skilled analysts and traders

Ability to execute large-scale trades

Smart Money players typically include:

Banks (e.g., Goldman Sachs, JP Morgan)

Hedge funds (e.g., Bridgewater Associates)

Institutional investors (mutual funds, pension funds)

Central banks

The concept of Smart Money originated from gambling, where it referred to wagers made by successful gamblers with insider knowledge2. In the financial world, it represents capital invested by those considered experienced, well-informed, or "in the know" about market dynamics23.

Related

How does smart money influence market trends

What are the key differences between smart money and dumb money

How can retail traders identify smart money movements

What role do institutional investors play in smart money

How does liquidity affect smart money trading strategies

I'd imagine US tariffs on European Steel would kick the German economy (and others) in the shins and reduce demand for oil. Starting to look like lower oil prices are quite likely to me, but it can change fast. No easy wins in predicting the future.

I agree Stas, a lot of these terms are emotive e.g. 'Weak holders/Strong holders'. It's like we're in the wild west, there's some sense behind it, but it seems targeted at making PI's feel like either PeeWee Herman or Arnold Schwarzeneggar. Like Smart money and dumb money. There is some value in some of these terms, but like you, I don't like them. I feel they're designed to manipulate PI's mental state. I guess I was just lazy when I used the term, I sometimes can't come up with something better quickly.

Also, even if you're Smart, you can make plenty of errors when guessing at what will happen next.

Thanks Stevo, I appreciate you replying to me and explaining this side of things.

"Personally I've halved my HBR position with the view that 231-232 or lower is not likely"

That was meant to read "............not unlikely".