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If the recovery/turnaround plan is on track - and the half-year report of 9/8/22 said it was - the market just doesn't believe it. Is it the increase in net debt from £289m to £431m that's spooking the markets?

Share price hit 74p to sell yesterday afternoon. The decline is relentless and shocking - even CCL has rebounded sharply.
I've been a shareholder in this p.o.s. company for far too long - too long for either my finances or my sanity - but never seems to get a half-reasonable opportunity to bail out.
Another recovery/turnaround story that's hit the buffers. Who thinks another capital raise is around the corner?

Anybody have any thoughts on the sudden drop this morning? Can't find a specific reason.

Don't like the warrants either - too generous. Ever get the feeling this company is run for the benefit of management and their cronies?

Sorry, yesterday. Presume his work is done.

RNS this morning.

Very polluted Sister - you'll live a longer life up there!

Well done for avoiding. I got in too early... as I have done for many stocks in 2022.

Yes bendi, it's making me worried. What were they doing raising money for acquisitions in these conditions anyway?
Management getting complacent and starting to indulge in risky behaviour...

And another heavy drop today... 115p to sell? Ouch!
Sutardja family well underwater with their various purchases.
All-time lows, I think.

PE, but that's what I'm saying...
Bored? No time I'm afraid, just noting what I see of DX vans and the way they're driven when I'm out on the streets, and hoping it means they're v busy. Not much else to go on until we get news of the suspension lifting.

About to go below 390p, blimey O'Reilly!

Lol Theosus!

Short-staffed? Very likely. Have to note though that their driving antics and having vans that need a good wash is nothing new - it seems to be the DX way.

Bit unusual for a company this large to be down 6% intra-day, isn't it?

Yes Nick, I've been reading about these LDI liabilities. Got the impression that although the B of E are withdrawing support at the end of the week, they will make other company-specific lending facilities available.
It's all a bit over my head, but I understand that this is a liquidity not a solvency issue for pension providers. RE the latter, RCH's scheme is well placed I understand.

Mr Market giving RCH a right old bashing - down 9% today on no specific news. The company's beliefs that they will trade well over the World Cup and that high interest rates will soften their pension liabilities are getting short thrift.

Had another nibble. I shouldn't because I've already got a decent position but I couldn't resist! Just 51p paid.

If a bad recession is required to tame inflation, and bearing in mind the B of E will likely overshoot on the tightening, interest rates could then come down much quicker than expected... CHRY's portfolio should do well in low growth environments... In the meantime, I hope the managers understand that cash is king.

Low quality, revolving door, gravy train management. Sadly, this company has turned into less of a good investment and more of a good trading share. 84.6p paid.

Was reading the discussion between Archie and Sage about this. Funnily enough, Archie and I disagreed on the same topic on the WJG board this morning.
In my opinion Archie, you're not addressing the much tougher times we now live in. The covid crisis was sharp, but it was mercifully short. You remind us how bad things looked during those awful early weeks, but you don't give enough credence to the huge monetary stimulus (interest rates near zero, massive QE) and fiscal stimulus (furlough and other support schemes) that were about to hit the economy almost as soon as we were locked down. No wonder markets rebounded rapidly and consumers felt flush with all that govt money that they couldn't spend!
Coming off that sugar rush and dealing with the consequent inflation is a big part of this crisis. And this time, in these inflationary conditions, there is no monetary stimulus or wall of fiscal support coming to the rescue. Monetary policy is tightening fast and as regards fiscal support, you saw the market reaction when our esteemed Chancellor attempted to get unfunded tax cuts through. No problem when we had a compliant B of E, waiting to gobble up all that new govt debt, but now, can't happen, not when we're back to relying on the 'kindness of strangers' to buy our debt. When we do reach the bottom, there will be a bounce for sure, but it will be nothing like the speed and strength of the post-covid bounce that we all enjoyed 2 years ago.
I'm also not sure you'll be proven right in believing that inflation will quickly subside to 2%, many smart people think inflation will be 'sticky' and become embedded in wage expectations. And even if you are right that inflation falls fast, it will only be because central banks have had to engineer a recession, so high will they have had to raise interest rates. The Fed have already indicated they are prepared to do this, btw. And I'm not even mentioning the Ukraine war, de-globalisation, post-covid supply chain issues and shocking politics. This is a multi-faceted crisis that is much harder to navigate a way out of than the covid one and we'll be living with it for years in my opinion.
Anyway, I could easily keep writing as there's much more to say, as I'm a lapsed economist, but I better stop. Good luck whatever you do.