Member Info for Temple_of_Doom

Jeremy Hunt seems to have forgotten the effect of 23/6/2016 on the Lloyds shareprice.

I’m still waiting for 65p.

10% yield near enough, capital gain from 70p to 90p on the cards, what's the hurry?

Fair enough …. As I said I stepped sideways … 2p of yesterday’s fall would have been my sales. The 75% of fund managers claim beating benchmarks is a little optimistic in my view … along with the measurement criteria. Most UK PMI funds have difficulties beating the FTSE350 over a 5 year period … and what really worried me were claims of “no benchmark” so we compared with FTSE350 and underperformed … not what I’d expect from a professional organisation, so I’ve taken a small hit in sidestepping but I like to sleep at night. GLA holders.

I’ve stepped sideways here … the share has fallen in line with others in the sector … but doesn’t have the trading liquidity I like … and having worked through the appraisal of each PMI fund … I’m not too impressed.

The short term concern going forwards is write downs that have hit shareprice of Jupiter and Liontrust so those numbers are factored into their share-prices, while the cut in dividends here is not reflective of a strong business albeit a growing company.

"UK life expectancy falls to 2010 levels" .... Since 1991-2020 ... on average 26,000 more UK deaths each year under Tory than Labour with a low in 2010 .... and deaths increasing each year post 2010 as NHS funding declined.

Vote Labour Live Longer.

Good to see CAML up the exploration efforts .... possibilities of a new discovery will make shorts nervous .... GLA.

Active managers to be active and do what they are paid to do … too many managers fail to beat their benchmarks.

I got 52p in 2020 .. a couple of times ... May and August/September .... Bought a small number today ... day traded a bit the past 6 months but mostly out - looking for bigger gains elsewhere ... and a drop here .... this share has indeed held up well.

Such is life.

GLA and happy new year.

Happy

Plus … 13% fall 11% of NAV down 5% …. Someone having a larf two top ups today.

Nice little pop this morning ..... taking some off the table .... average down to 85p from 105p six months ago .... onwards and upwards.

I have a £2.00 target …. Current average from the decline from £3.20 earlier in the year is £2.45 bought a few more today and will again around the target … been in and out but like many caught the drop the past 6 months … to think I first bought in st £4.80 a couple of years ago down from what £8.00 a share?

The market is unforgiving.

"TOD Everyone including you and me we ramp/Deramp one way or another. "

I don't post fake news or post truths to the downside or upside. So no, I don't ramp or de-ramp.

"Positive or negative doesn't matter "

Actually it does matter:

"Market Abuse - Ramping and De-ramping"

This was the section from today’s RNS:

“ The full year free cash flow guidance1 provided with our interim results was based, in part, on unwinding historical working capital and collecting advance payments on the new contracts secured in 2023. While the Group has made progress in reaching contractual settlements and unwinding working capital, given delays in securing advance payment guarantees, it no longer expects to receive these advances before the year-end. Consequently, it no longer expects to meet the guidance previously provided for full year cash flow.‘

The question to ask, is why the delay?

Big or small makes no difference. This is a market, a company goes bust, up front payments are seized … makes no difference if I’m right or wrong, but my experience, tells me to read between the lines especially on items not made clear.

We will see tomorrow. Bear in mind, I first traded this share at £9 or so a while back. 20p now is gamblers territory all in my opinion.

‘"Scalped 5% last two days "....what chart you watching ToD?“

A chart that says if I stay in the price falls, and if I bail it rises in the morning.

Nice to keep the hand in with the occasional day or two trade but that's about it.

Lessons learned by some, take the hit and move on. We’ve all been there at one time or another.

Scalped 5% last two days … D4E swap I reckon is on the cards here. The underlying problem it seems to me is that PFC may have won contracts, but with uncertainties as a going concern, few will want to pay up front for fear the company goes under and the money lost.

A big problem.

Markets look forward … £7 million a year savings and current cash up to £17 million from £12.3 million NAV £39 million or just over 10p a share.

I’ve reduced and only have profits from CAV and Cenkos this last year invested so not so bothered … but to think I first invested in Cenkos at 180p in 2015 … now down to 22p with the merger equivalent … I wonder what went wrong in UK post 2015?

Returning £50 million to shareholders equates to 5.7p a share.

... a special dividend if/when reserves grow pass a predetermined threshold.

That's my view .... but I traded this share well with an overall average of 208p the past two years so I'm not so bothered. 10% return works for me.