Member Info for triumph1

nice analogy sean. I have said for years that the interests of the big boys vs the interests of us pond scum couldn't be more different. The former only caring about ownership, and the latter only caring about share price which simply doesn't move in relation to the Mcap due to the never ending dilution and funding requirements.

That's why I started trading this years ago. A mugs game holding this unless you are extremely lucky and manage to get a spike. We basically pay to get this company up and running taking all the risk with zero reward, whilst the majors reap the benefits. for now, the mcap is only proportional to the amount of suckers SOLG can muster to take all the risk with zero reward at the next funding round.

Haha if only......

Errr no wiscos. Rising interest rates force people and businesses to stop spending and start saving as credit becomes more expensive and the incentive of interest earned on hard cash becomes a better proposition. This reduces demand, reduces prices and boosts interest earnings (assuming rates are passed on which they are not yet).

This is economics 101!

Once fears are realised and the property market finally begins to reverse, this will really begin to tank.

How much longer will the BoE continue to support the ponzi scheme housing market by raising rates by pitiful amounts with inflation print outs like that? The fed now seem to know the score and grasp the situation, but the BoE think they can get away with miniscule rises? Sooner or later, the BoE will have to break rank with the tories and send interest rates soaring to where they should be. A massive rate overshoot will be required to bring inflation back under control like what happened back in the late 80s. Most seem to think the world will cease to exist if interest rates ever went back to 5%+....but in reality the only thing that would cease to exist is the ponzi scheme housing market and ridiculous debt laden companies without a hope in h3ll chace of ever making a dime. A solid 10-15% housing market correction is nigh and couldn't come a day too soon!

Starting to feel more and more like Maggies days back in the 80s. Lure new buyers into the market until boom. Interest rates had no choice but to rise (peaked at around 15% if memory serves), causing hundreds of thousands to lose their homes.

Yup agreed Porsche. Its all about inflation now, front and centre. Everything else is irrelevant. Until central banks get a grip on inflation, things will remain the same.

But kudos to the fed for having the balls to raise by 0.75% compared to the cowards we have here who thought 0.25% was sufficient to control inflation. Tome to get serious late 80s style on interest rates. But its all about propping up and keeping elevated the biggest ponzi scheme of all....the housing market and saving face for sunaks disasterous free tax scheme for buyers. When those 2 year fixed terms are up....timberrrrr.

Markets are all about overshoot and undershoots anyway. Who actually thought the nasdaq could sustain such ridiculous levels, meme stocks/crypto were actually worth anything, a shoebox in london worth over £500k? Sooner or later central banks will have no other choice but to jack up and overshoot interest rates in order to control inflation.

This should be interesting to hear! Who else does high housing prices benefit then but the wealthy? Homeowners doing well I hear...err not really in real terms! The rungs on the ladder are wider than ever and are in almost the same position as first time buyers if they wanted to upgrade or even move like for like. Only those who use the housing market as an investment benefits....the wealthy elite!

The spinless cowardice of the BoE raises by a pip again. When are they going stop artificially propping up the catastrophic mess that is the housing market?? Trust me, when those 2 year fixed rates end on all of those lemmings who jumped on suniks bandwagon of no stampduty and practically were spoonfed leveraged capital, then siht will hit the fan. Tick tock!

Back to the late 80s/early90s baby yeah!

With the aggressive interest rate rise. Time to get serious about this now! Let's see if the spineless cowards in the BoE have the balls to follow suit.

Fcuk the housing market and the fools who got suckered into paying pathetic prices for a property using ridiculous amounts of leverage which partly got us into this mess. High time for the property market to now feel the burn! High property prices benefit no one but the super rich elite!

Yup. FED are loving the red hot inflation as it essentially makes it easier for them to buy back the massive amount of QE as money value goes down. If things turn to a recession though, jobs market is hurt and no tax revenues....hello massive debt yields and crippling debt servicing. I wonder who would pay for that...hmm difficult lol. And you can be sure they haven't insured against rising interest rates just like the BoE didnt. I guess they are using nature as a hedge though in the form of inflation....net zero really which is why interest rates remain stupidly low. God forbid a 50 bps interest rate rise that may wobble the pathetically high and 100% rigged housing market to benefit the top 0.1%.

As for the crypto market, and many here shouting about inflation hedges....the market has spoken!

Anyhoo, the wheels have well and truly come off on the crypto wagon. Those ridiculously leveraged Co's such as argo buying up the world's transistors and having insanely high AISC will capitulate soon. Tick tock.

Debt pile going down (although still high), revenue going up (although still a long way to go), profits improving (still making a loss, but that should flip to a profit soon). The key thing is that things are definitely improving on all fronts. NAV of around $2.20 which should only go up as we continue to come out of covid. Also Japan opening to tourists should certainly help here.

AVAP is still far below the radar, but am convinced that eventually value will out as its a well run ship with a decent track record pre covid. I'm a buyer at these levels and will hold for another couple of years at least.

Which is around the £2.50 mark. Despite me nearly 3 bagging if there is a bid at this level, this still significantly undervalues the business looking ahead and would be dissapointed if it went this cheap and personally i would be voting against!

As things are today, £3 is fair value, or around £3.5bn. Looking ahead a couple of years, £4 to £5 could easily be achieved. Not bothered what happens in the interim regarding offers and counteroffers....just enjoy the ride up.

I agree how the macro situation stands today, a bid north of £3 is unlikely to happen. I happen to think around £2.8 - £3.2 is fair value as of today, but again I agree that PE won't want to offer this today.

In that case, MM will most likely contine to reject bids and as the bids get higher, so will the SP and should continue to see step changes as bids develop. Fast forward 18 - 24 months, this could be a very different animal once inflation comes crashing back down to earth (and it will with a bang!). North of £3 once growth is reignited and bottlenecks recede is very much a possibility.

I wouldn't be surprised to see bids come in circa £2 in the coming weeks....but will probably stall around that level.

That trade didn't age well at all!

I knew the offer would be between 150 p to 200p. Very happy MM rejected offer, and happy for a bidding war to commence and keep seeing step changes in the SP.

As things stand, inflation whitholding, 2.8 to 3.2 would be a fair offer. Anything less should and will be rejected

Most of my holdings were got back in the 80s when the SP flatlined, so am well up here and chuffed others managed to smash their averages down to breakeven today. SHs here have been through thick and thin, an onslaught of trolls and shorts alike. Let's hope we can all be handsomely rewarded here.

I personally will not sell a dime as I'm in it for the inflation turnaround....as they say what goes up, must come down. £2+ really isn't silly money for this company, and easily achievable in double time.

Let's hope asos and boohoo do the same in my cyclical portfolio.

And with spiralling household costs, you would think some who usually pays a little more for a dinner out would put their snobbery away and visit a spoons. You can't argue with the cost basis, plus the quality of their offering being pretty darn decent.

Historically, when households are feeling the squeeze companies like this do exceptionally well due to people downgrading, like how aldi/Lidl continue to capture market share. But we are all feeling the squeeze here, not just households but businesses too.

Spoons in the low 700s is a long term bargain!

It's awfully choppy out there across the board. US tech going mental with nflx, and now fb stock last night lightening the mood.

Ride the waves guys. Ride the waves.

Poor banthams comments didn't age well. But to be honest, us that have been around long enough have all done the same. The feeling is literally gut wrenching, especially after waiting so long. But then again, there is so much company and potential for so little money, so even a trade which I would usually consider on another stock is just not worth it for me here. Today being case and point, so ye be warned!

The indicative offers are interesting. I can only assume after private equity had a sniff around and threw around some numbers at the end, the company must have made it clear that its not even close to what would be accepted, therefore dissuaded them from putting in a formal offer. The comoany don't have to disclose to us what this offer looked like, although I wouldn't be surprised to see this leaked in the coming weeks.

No one can know for sure the indicative numbers that were thrown around unless they are leaked, but having a guess I would reckon south of 200p, perhaps as low as 150p? Anything below 300p in my opinion wouldn't stand a chance.

Black smoke coming from the square mile today, with an odd brown atmosphere and pungent smell.

So come on, own up. Who sold out yesterday hoping for a cheeky trade?

I think it's safe to say that £1 has been broken, and we do now in fact have lift off

A lot of the contents in the PFS was already expected and the potential size of the deposit is already largely known. Some very nice deposits there, but this was never going to see a big spike on this report. Spikes and 100%+ day rises only happen on completely unexpected events. Most including myself won't understand half on the report, so will need to have a proper read at the weekend maybe.

It's just another landmark stepping stone on the long long path to fully understanding what they have in the ground and taking this to production. Or perhaps an offer in the next few months...who knows.

A hold above £1 would be a massive win today