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Increased again yesterday, unless they are hedging a bond holding in genel or something it's a very brave move given the expected resumption of oil flows..anyone any idea why they seem so confident?
Sorry for all genuine holders on here, shocking news..hope a solution can be found that allows you to fight another day
Https://www.kurdistan24.net/en/story/32763-PM-Barzani,-top-US-diplomat-address-resumption-of-Kurdistan-Region-oil
My thesis on this share is that a lot of that was baked into share price that had already slid considerably lower, today's move down puts this in the value bucket and a good medium term buy imo...strong history of profit and revenue growth prior to this global slowdown, expanding market, strong balance sheet, fairly recent director buys...fill your boots
Unbelievable retrace
What is going on here today, given news was expecting a push to 100
I am targeting 1200 level as reversion to pre sell off level given results are fine...could and should go higher as proven resilience when others have foundered think S4 etc
Gambling used to be a sin stock...sticky demand..not so much now with affordability checks, you got no money - you can bet...how many people have lots of cash spare in cost of living crisis?
Only get worse from here, consumer spending will implode soon
Price action here suggests to me shorts closing ..drift down then jump up is a classic way MM grab stock to fulfill big orders...it's not going busy so why short at this level... bemused
Stock down 30% and profitable...not sure why it's so heavily shorter tbh...expect it will move up when people realise it's not that bad an update...bid come come too
Hmmm, exceptional costs of up to 75m was what caught my eye, I know there was disruption but really? As expected the next 6 months will likely be better but still, vindicated to bide my time a bit here
*To clarify my comment on revenue a circa 5% like for like increase but below inflation so real terms contraction.
Margin revised down again 12-13.5% range? Contracting like for like revenue, and they propose a token dividend...looks iffy to me
On about 9 times forward earnings, but ex cash it's half that, no debt, strong revenue growth...it's undervalued, not selling
The trading update is very good..expect a move towards 200p over the next month
Quite simply would not have bought prior to a trading update unless it's good news...otherwise he would be an idiot...so yes with that plus Jet2 news of strong bookings, dismal weather in UK over summer and a low share price and a short that needs to cover...this is indeed now very very interesting
Lol, take me into the asylum, I said as much last week too, but a gut instinct on the wider market with rates this high remains hard to shake and I have not the patience to ride through a sell off long in anything. I will be back at some point even if it's just to watch in envy. :P
Medium term I think Jadestone is a massive winner but I have initiated a different play short term as of last few sessions... IMO the Saudi oil cuts are a disaster. I predict they will act as a partial catalyst for a wider equity market sell off as oil moves higher and co's/consumers are squeezed into y/e...Jadestone will have max leverage shortly before Akatara comes online I believe, which could coinside with market tanking around Q4/Q1 Fy24 and oil dumping...feel like there will be a possible re entry around this level then, and that means in my thesis I can sell now, remove risk for 4 months and maybe rebuy for the journey higher next year...the risk for all that is that this share re rates higher now and I get locked out from this price..but in my gut I feel the market in general is primed for a wobble and was looking to take some risk off the table.
Q1 wholesale is catastrophic...no wonder they were after more debt..once this starts trading again it's defo not going to be pretty..I feel there are vested interests with Dunkerton clearly prefering to take private out of administration