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Broker recommendations seem to do this all the time... bunch of idiots! If they really believe fair value is more than 10% below current price, they should be recommending a SELL, particularly is there is no dividend income to sit tight for.
Still, that's why private investors like us still have a place in the market... better off than handing fees to these fools to manage our money for us.

thehdoggydog... I really like the way these guys do it https://simplywall.st/ They publish their methodology and produce some great analysis. On the subject of calculating fair value have a look at this example https://simplywall.st/stocks/gb/consumer-durables/lse-rdw/redrow-shares/news/are-investors-undervaluing-redrow-plc-lonrdw-by-23
Yes, it is for a different company, but shows the approach nicely. If you're curious about BWNG, this will probably surprise you! https://simplywall.st/stocks/gb/retail/aim-bwng/n-brown-group-shares#valuation

Always the same this time of year... step away from the screen and look out of the window! Seriously, it's good to take a break sometimes and low volumes at this time of year make thing very hard to trade. Check out some Netflix!

If it's a Guitarsolo, shouldn't you be widdling rather than strumming?

Oh my... just touched 63.9p! What on earth is going on? This seems very irrational behaviour.

I removed my stops on Friday just in case and was glad I did. I hate movements like that... really does make the game feel rigged against us smaller players. I hope not too many were stopped out here.

Down to 52p and now back up to 59.75p in a few minutes... very fishy!

Down we go again... I have averaged down on this so many times it is now the largest holding in my portfolio, and yet I am still sitting on an uncomfortable 20% loss. This share seems to have been untouched by the switch from tech to small caps witnessed elsewhere in the market and seems to be heading nowhere but down. Does anyone have any good news from Ricardo?

Hmmm, I'm sitting on a nice 20% profit on these and wondering whether to sell now and buy back after results on 8th Dec. Markets are fickle and usually stick to the adage "it is better to travel hopefully than to arrive". The market clearly expects the results to be good, but if they are only good or great as opposed to astonishingly excellent they may dip. I've played this both ways with other shares in the past and usually call it wrong!

I've said it before, Brexit signals a slow death to the City of London. Transactions will start to move overseas, then the talent will follow it and eventually we'll be left with a small local finance hub, like Dublin or Amsterdam. Better get used to transacting in Euros or Dollars!

Oh I agree Eccles, and I'm a firm holder of DLG because of it. I was just commenting on the idea above that the London market responded to the US half day. I think in the coming years we will witness the slow death of London as a major financial centre, with it just becoming a local hub like Dublin or Amsterdam. The inability of this government to differentiate between the importance of the City (earning billons in foreign revenue and contributing billions in tax) and the tiny fishing industry during the Brexit negotiations is one reason for the coming decline.

Sadly, the fiasco that has been the handling of Brexit signals a slow death for London... So better get used to trading in dollars!

Slightly off topic, but I NEVER understood the economic justification for nuclear energy. The price of energy generated doesn't come near to reflecting the costs of decommissioning, let alone the costs of looking after waste for 10,000 years or so. Even a brief attempt at calculating the costs and reflecting them at todays prices gives a unit energy cost many hundreds the cost of any other energy source. The whole point of capitalism is to work that out and come up with a more cost effective use of resources! Still, nice work for the likes of RNWH as long as they do it properly and don't cut any corners.

Waaaay too soon for a Brexit deal! This is the EU we're talking about, famous for concluding every negotiation at the very last minute. If they're working on the 31st December, expect the deal to come then, around 11:30pm.

Decided to dip my toe in here. Weirdly, my purchase at 55.71p showed up on this site as a Sell rather than a Buy, which I guess means I got a slightly better price than expected? Curious to see how this turns out in the medium term, but thought this was a good entry point below the upcoming offer price. I'm hopeful that this time I'm not catching a falling knife and can see solid progress in the SP next year. Seems the management have a sensible strategy and are sticking to the online approach to retail. This should go up as M&S sinks!

I use Barclays Stockbrokers and they have a special Corporate Actions tab and flag up things like this... at least they're supposed to! Not a mention of this placing, which is pretty shoddy in my opinion.

Seeing the blip downwards today was just too tempting, so I'm in again at 1402p. The earnings decline of the last 5 years seems to have been addressed and the only remaining factor is the debt to equity ratio which is declining and the debt is well covered by operating cash flow. With the handsome divi and some potential gains around the split, I think I may be holding this for a while now.

Just stumbled into this share... I'm guessing that the pandemic and lockdowns have had very little effect on storage of personal and business effects. I can envisage some downsides and upsides but can easily imagine those balancing out. The SP suffered the same panic reaction as every other share back in March, but updates from the company have been showing steady or growing revenue. In the current environment, such a share (also with a reasonable dividend) is ideal to hold in a portfolio. I need to do a bit more research, but I like the look of this.

It is looking fairly likely with only a small rise relative to other stocks needed. This site has a really good list that updates regularly, so you can see the position... http://www.stockchallenge.co.uk/ftse.php
DLG needs to get to 90th to automatically move into the top flight, which means around a 10% rise from current position (or some falls from stocks just above DLG).

Preliminary full year results are due tomorrow. https://ricardo.com/investors/financial-calendar