Member Info for theAccountant

Cosmen's increase their holdings.

I think a possible buy out is close but let's see :)

Hi all,

I've been looking at the 2023 annual report, I suggest you look at page 39 and 50 for those who are worried. As it states 'The Group has strong liquidity, with £0.9 billion of cash and undrawn facilities available as at 31 December 2023. The Group’s credit rating remains investment grade.'.

I believe this decline in SP is due to two reasons i) shorters taking a position ii) investment analysts reducing their price target.

It is more sentiment driven than any change of fundamentals.

The conclusion on Page 51 states 'In the unlikely event of a concurrence of events set out above, the Board would mitigate through reduced operating costs (through cuts in discretionary spending) and capital expenditure (through

freezing non-committed, non-fleet expenditure and/ or through disposal of assets). During assessment, the Group’s continued cash generation, access to liquidity and funding, and mitigation actions demonstrated that it could tolerate the impact of the risk scenarios without exhausting liquidity or breaching covenants.'

All in all, for those worried, the shorters are thanking you.

Genuinely, where has the moneymule gone over the last hour or so?

Nice to see those that held. As I said, it's just the sentiment at the moment (red markets), but we will get through this.

Where has our mule gone now it is going blue? Lol

Totally agree, the cash amount is black and white. It’s simple.

The definition of a mule - person who smuggles or delivers illicit substances.

Says it all 🤡

@moneymule- I think your messages are transparent in what you’re intention is here and you’re shorting. Otherwise, why would you waste your time on MCG.

Hopefully the first of many director buys coming in

That only arrive when the SP is falling and jumping to conclusions lol

Absolutely, it will bounce back. Over the years, I have learnt main market stocks (esp shorted stocks) always bounce back esp when they are undervalued. Our market cap is now below £300m!

I was in EDV, AAL, RR but look at where they are all now. This all sentiment driven at the moment but it will come back. Find me another company which can generate £3bn+ revenue. We are just lacking cost management, which is primarily made up of our finance costs, but hopefully there is light at the end of the tunnel with interest rates scheduled to decrease and with our new incoming CFO.

Apologies, I misread it. The change is 0%.

It seems like Qube have reduced their short position back to nil.

Hi all,

It is excuciating to see the share price decimated day by day. I do hope the new CFO turns things around the only hope I get is from the Cosmen's recently increasing their stake. I was keen to enquire whether many of you have large averages. I myself have an average of 62p but with a very big stake.

Good luck to us all.

Not sure why the big drop this morning! Just when I was thinking we’re on the way back up…

Glad they've dumped so quickly and hope the only way is up now! Clearly someone has bought their shares.

Nice to see a truce between two fellow investors 😉

Lets now hope for the upward trajectory for TUI towards £6.00.

Lol 😂

I topped up yesterday so have an average of £5.75. I think the half year interims will be positive and we’ll see £6.00 in the coming week or so.

RNS out that Company Secretary has purchased shares over last 2 days

Hi @fishbone, with all due respect, what do you mean won’t make money? Surely, if you lower your average below 85p, that will ensure you at least break even?

Apologies, it was my mistake. I can confirm the minimum bid price would be highest price Cosmen’s have paid in the last 12 months.

“be in cash or accompanied by a cash alternative at not less than the highest price paid by the bidder during the offer period and within the 12 months preceding its commencement’

This minimum, we would be looking at 85p/90p range.