Member Info for triumph1

Well done for all who brought the lows. Fantastic bit of news, just what we needed. Took a nice bit of profit now but much left in her

Would certainly be strange for the company to post an RNS days ago stating hey have just raised £70m from banks and state they have sufficient liquidity to last on this and brewery sales alone even if pubs dont open for the rest of the year, to then go and do a huge dilutive placing. And it's not as if marston's are in growth and acquisition mode; quite the opposite.

If they were going to do a placing, they have had plenty of opportunity to do so. To not do so this far indicates to me that they are holding out to see what happens in H2.

Looking at mcap now compared with pre coronavirus just gives you an idea how much further this could drop. Other companies in much better condition have plunged far more than this. Only about 53% here in real terms.

Next major support at 25p. I will be filling my boots at that level

I have a few thousand shares brought at around 35p. I get the risks here with the debt load, asset writedowns, ect hence the 75% discount, but judging by the noise the bod are making, we may just escape an equity placement as cash from brewing (around a third of revenue) should cover debt costs & overheads. Although I suspect plans for debt reduction which they really need to do will be pushed back.

If pubs do reopen in july, surely at this level you can double your money. Dare I dream, in 2-3 years if all goes well we could be back to 100p with divi reinstated. Its companies like this, albeit risky at pesent that are the millionaire makers. One to keep an eye on for sure.

Yeah, I am such an idiot for not accepting some trolls claim that a share will sink lower than a comparible share which is 2 weeks away from bust. Wheres the logic in that? Mabye troll logic, probably why I am having a hard time relating. As I said...in your dreams.

Whatamess is the same troll that called 40p on barclays last week, posting there 10 times a day with utter tosh, only to have it spike to 115p after results, making me a very tidy profit. I brought in big sheerly to prove a point how trollish this troll actually is. Once again thankyou for the tip...I still owe you half an orange juice or a glass of bucks fizz with my huge profits....your choice.

If this guy says sell, be sure to buy and you will make money haha. Look up troll in the dictionary, you will surely find whatamess.

Looks like buffet brought the trolls out of their caves today in force....this news is their wet dream.

Laughable to suggest IAG can drop to 100p, which would be an 85% drop from its highs. Someone said 75p? Norwegian is 2 weeks away from bust, and still has not dropped this much. There is more of an investment case here now than 2 weeks ago.

Keep dreaming guys.

Forget barclays fundamentals, forget covid, forget your nagging wives.....only one thing matters to make money here. When whatamess is at his most looney tunes and posts here 10 times a day with the same rubbish....buy buy buy back. When whatamess dissapears red faced, sell sell sell and wait for his return haha.

Worked well for me last time. He has to be the worst trader, and best entry/exit signal these boards have ever seen.

Barclays will outperform in the long run more than any other european bank.

Hahahaha you cant be serious char. Seriously cringey, everyone reading this feels embarrassed for you. Exactly what are you trying to achieve using one of your alter egos to post this? Some sort of following so you have influence over multibillion pound companies? I would have thought your own alter egos could manage just fine. And i see this alter ego likes vodafone?

You have serious mental issues. You have just confirmed what everyone expected. You are nothing more than yet another BB troll. Congratulations.

Made up my loss in dividend, and then some for my troubles by selling in the morning, buying back in the afternoon. Simples.

Nothing but a knee jerk reaction to unexpected news. Sure, shell has an 80 year track record blah blah but cut through the human emotion about shell dividend which is all I see in the headlines, and you find that actually shell did the right thing to maintain a strong balance sheet in these tough times. 300 other companies have also taken the same measures, and bp will surely follow now in Q2.

Will high yield funds flip shell? Well good luck finding a dividend on ftse100 these days. It's still higher than most as 300 companies have cut dividends to zero, so I dont think so, quite simply because what other choice do they have?

So short term, knee jerk. long term is positive and the market will see this as a prudent move as it has now derisked the company somewhat. And shell to drop to sub £10 just because of a dividend cut? Really? Anything is possible in these markets, but i would relish in that opportunity if these ever touched a tenner again as I am sure many others would. When we come out on the other side of this, I would expect shell to speedily reinstate dividend to previous levels.

We got LTV with timberrrrrrrrrrrr for brains, and whatamess with his shorts sizzling so much I can smell the burning from here. And picked up some shares on the cheap in the process. Great day guys!

To Whatamess. Because if it was not for his persistence in de ramping other boards, Barclays would not have come on my radar and I would have not made a fat profit here.

I said to myself, any share whatamess trashes I will buy big. So raise a glass of dom perignon to whatamess. Oh and whatamess, I have your bucks fizz on ice when you want it hahaha.

And my mother is the queen of sheeba. You probably brought jets at the bottom and now savagely burnt haha. No sorry, not 20%, now 26% up on barclays....my mistake whatamess haha. I would buy you half an orange juice after the lockdown ends. Brilliant. I owe you big time, I knew there was some use for you.

Whatamess must be still nursing losses on JETS. Oh yes, and I owe you many thanks. If it was not for you, barclays would have never come on my radar. Thank you so much, 20% up there. You are without doubt my new buy signal. Wherever you pop up with your predictions of doom, the price seems to rocket.

Hope no one got caught out earlier on the raid. Managed to get some at 201. Kept the profits as extra shares.

How predictable. I thought we would have to hear your 2c worth. What's easyjet cashburn? Funny you failed to mention that but instead compared us to some giant US airline 2x size of IAG. Looks like math isn't your strong point either. Cash and liquidity is not the problem here. It is how long this goes on for.

Factcheck:
EZY cashburn is £120 - £160m per MONTH
IAG cashburn before coronavirus related closures: €200m per WEEK.
IAG cashburn now: €120-150m per WEEK estimate based on extreme cost cutting measures imposed.

If memory serves, I believe a similar prediction about carnival was made, right? Well, if that's anything to go by, we will do just fine. 70% up now or there abouts since that prediction, right?

It is certainly not beyond the realms of possibility for the market to like the fact that IAG are restructuring and cutting every excess cost not deemed essential for survival ahead of eventual lift of lockdown measures. The 12k redundancies will surely be seen as a significant cost saving measure which is a big positive.

As tricky suggested, it is really tricky to determine how markets will react to earnings releases amidst this crisis. I dont think much emphasis will be put on numbers, as no one had any real estimates of what these will look like except for the fact we all knew they would be bad. This trend of markets ignoring usual headline numbers has also been observed in other shares I own.

I will stick to the strategy of buying good companies on significant dips if and when they occur as opposed to selling for a lower re entry. This strategy usually pays off for me better but each to their own.

12000 redundancies are obviously a tragedy for those who lost their jobs, but was necessary for IAG cost cutting drive and trimming the fat in the workforce given these times, and usually the market sees this sort of move in a positive light.

The 530m loss was expected but Q2 will be the big one in terms of loss. The fuel hedge loss of 1.3bn for 2020 was much less than some expected, some analysts thought $3.2bn and just below the lower end of my estimates so this is a positive for me.

Very bleak looking results, but nothing wildly beyond already low expectations. Q2 will be the one where we see how effective IAG cost cutting has been in stemming the bleeding.

Let's see how the market reacts.

You have that clown jester whatamess here. I am sure he/she has already acquainted himself/herself with his/her two lines of god like bullsh"t he/she feels compelled to share. Fortunately for you guys, he/she is not very smart so shouldn't cause too much of a stir, and easily shooed away with facts. Our whatamess is not too fond of facts haha.

UK banks are not really my thing, but I hold Citizens financial group now over on wall st. Headline losses in the states are due to loan loss provisions, but of course banks have to prepare for the worst and keep CET1 high, LCR's and LDR's looking good and various other metrics are in check. Digging a little deeper, underlying didn't look too shabby at all however, and excluding loan loss provisions which may be reintroduced into future profits if things are not as bad as planned for, banks were broadly in line Q on Q with some such as Citizens actually growing revenue and EPS which is why Citizens spiked 17% on results even though the headline 50% drop in profits. If the underlying is good, despite any knee jerk reaction from headline losses, my bet is Barclays will be the first to recover on FTSE despite what the headlines say, and the worst will then be behind them as everything is now on the table. No one cares about US GDP like they did not care about jobless claims or other terrifying economic data. Unless your name is whatamess, it is understood unless you are ******3d, world GDP will be dogsh"t in H1, which tends to happen if the world is forced to stay inside and hence the 50%+ drop in banks so pretty much all H1 data priced in. Markets are now looking at H2 recovery and will adjust accordingly if there is not one. And
with feds and BOE running the prints overtime, this will prop up the banks wafer thin NIM with volume.

And now whatamess is here, i have even more confidence of a strong recovery haha.

Glad to see some do well in this chaos. Hope it continues for you guys.

I don't suppose anyone could point me in the direction of the RNS outlining costings and general economics of these tests? Orders and coming in left right and centre and increased manufacturing capabilities which is all good, but i cant find any info for the financials markups on these tests.

Thanks in advance.

Apologies rilnmonrug, i was referring to Marston's.

Found this little gem....

https://www.thesun.co.uk/news/11459662/wetherspoons-boozer-lockdown-pub-garden/