Member Info for Teddy100

"The Group therefore remains on track to become broadly cash flow neutral in FY 2023 and significantly free cash flow positive in FY 20242"

I am expecting a positive rerate today, an SP of 49p is a complete joke.

With seconds to spare, I just managed a buy. I always said this would dip below 50p, but you won’t see these prices again.

@Lloyd: I would be disappointed if this did not bag before 2024 at these prices.

The pain is already baked in, jumped back in late afternoon, I could have gained a couple of points if waited first thing this morning, it will be a different story in 6 weeks, I might just hold until then for a minimum of 30% from yesterday’s close. IAG is making money, no mistake.

Watching this share closely, and I am thinking, if I was Mr Ashley or another trade buyer, why would I buy now?

I would let this company run out of cash and then make my move or let them blink first. It is obvious that their current Business plan is not going to turn it around, so why not wait and see what their plans are??? The Panacea is two trade buyers chasing it, but if there is only one, it will drift.

@Fintech: The 418, 796 was a UT!

This looks like a drift, it will get interesting sub 150p, let’s see.

It would, but that was the only news I could see relating to BPT. It wouldn’t be the first time an II had pulled out of a an asset fund due to their investment choice.

Good spot Poleaxe, it would appear that is exactly why it fell. I thought it was strange with the MIQ investment as that looks a decent business. It will be interesting to see if any TR1’s land, it certainly seemed to have gained some traction towards the end of the session.

May not be related, but they announced that they just bought a majority stake in MIQ, obviously an II took exception to it and sold a chunk this morning or it may just be a coincidence. Anyways, I bought in today and a few others, we are coming into a risk on environment again, get buying, I see a soft landing.

I jumped in here today, I have been watching this for a while. It looks good value at 110p and if it drops to a 100p, I will double up. It has always been an erratic share but a nearly 25% drop since the middle of August seems overdone.

@Zappa: If you believe in the company, the SP at 500p or 300p has no bearing. No one has a crystal ball but looking at the order book, I feel this will drift as I am looking to jump in. I would of course, prefer to jump in at 295p than 350p. A good hedge would be to hold your paper loss and look to buy sub 300p, it may not get there, so sit on your hands and see what happens. DYOR, IMO, GLA.

Yes, there was a few negatives in the RNS, but this looks like a great opportunity. A good business with lots of balance.

Yes, you are correct, they have no debt. The Times tipped them as a buy in February of this year, when the SP was 68p. It seem the major part of their woes was supply issues, constantly showing out of stock on their website.

Is this going to hit the 12 Month low this afternoon? It looks like it, and if the yanks return tomorrow with a bad head we may see sub 100p .

They will have no choice I am afraid, on the current projection of cash burn, they will run out of cash in H1 23. In its current Shape the business is unsustainable. They either need to raise cash or sell. If a trade buyer comes along, do you think they will offer 100p? The SP at the moment is less than 8p. Once a company makes a
Move the SP will rise, but I could never see this going above 50p. The IPO was 200p, the biggest IPO failure of 2022.

No news. It was muted by a third party that Mike Ashley may be interested as he owns Sofa.com, that was one of 6 possible suitors. The issue is, looking into this company, that a RI is off the table, the SP is too low. They need 50 million and their MarCap is less than this. Definitely worth a Punt and hope that a Trade buyer comes forward. I have to say it does not look good for LTH’s.

You ‘young uns ‘ will never appreciate this, but assimilation of information, is better from physical print than digital.

You can’t beat a broad sheet to ponder over breakfast.

GLA.

Hi Neil

I am a Dinosaur, I actually buy papers. It was printed today in the FT weekend. I will be making a position first thing, so hopefully the spike happens after 8:00am!

My apologies, as and not has.

The share should see a spike on Monday, the FT give it half a page today. Insightful with a positive trace.

My apologies for confusing it has an Aim, it is certainly behaving like one. An interesting take-away is that H1 sales 2022 is still 55% above 2019! They don’t own production and have limited bricks and mortar yet they employ over 600 people? They have obviously fecked up big time with their inventory due to lead time issues, but it seems to me that the whole Management need a good old-fashioned kick up the arse. They seem to have an interesting business proposition with 12 years experience behind them. I see that they pulled out the Nordics a couple of years ago. Maybe they need to concentrate on 2 or 3 countries only and streamline costs in a radical way, the quoted 15% reduction is going make little difference. It would appear that they are looking for a Band-Aid and what is needed is major surgery. The SP is interesting.