Member Info for Thunder2040

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

Anyone selling here has not researched what they bought and are better off out

SPAmarda has produced a few gems on here himself ;) there is a double there if you look hard enough...same as the share price

Why would they execute warrants with a strike of 50p at 50p? Also they have long term interest...they are not a broker

Warrants are 7% of shares at 50p..the company is about 2-3times undervalued...I think too much is being read into that ...likely need 12 months of unbroken production imo..warrants are nothing

Enquest..EV £1.25b, production about 40-45k a year..in a high tax jurastiction..Jadestone will have about half that production very soon...perhaps an EV of about £300m once Akatara complete...no windfall tax...by my estimate it's worth about 2-3 times current valuation..minimum

Frankly it would be mad to sell today with what is coming here, value will out eventually now production has been restored.