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Thanks Mommur. Similar then. I've also started buying Trusts instead of individual stocks lately, taking advantage of the decent discounts out there... and hoping the managers will pick better stocks than I have recently!
And I've also benefitted from i3e, although sadly I always seem to end up putting more in the bad ones than the good ones - a consequence of my unfortunate tendency to average down instead of selling out... hmm.

... again.
But why?

Cheers.

Topped up on today's price weakness. Gold miners generally having a tough few weeks, which is masking the good progress of CMCL.

I should resist from commenting, but right now this share is in freefall. Yet again.
It would be interesting to observe if it wasn't so expensive for me!
Silverblade, I know you are/were invested in RENX and some other Mills stocks, and I wanted to ask you about your strategy with this share. Are you still invested? Have you added to or trimmed your holding in the past few months? If you're still a holder today, have you considered at what future point you might cut your losses? I ask these questions frankly because I rate your understanding of the company and the current position, and it would help me as I work out what to do with my own holding, but you should feel no obligation to answer or disclose any of this - absolutely fine if you prefer not to. For transparency about myself, I originally bought in mid-February at just under £4 and have been adding from time to time all the way down to the 140's. I have not sold any.

17.5p to buy, an approximate 50% discount to the stated current NAV of 35.54p...
It feels like it's back to the bad old days with this Trust.
More time, more patience, probably a lifetime's worth.

70p about to be breached this morning. I understand there are strikes, but this is crazy - the company is priced to fail.

I agree - I don't think people are factoring in the effect of what will be massive govt support this winter to people and to small businesses - it's the one hopeful facet in this horrible mess.

On a more pessimistic note (sorry), I also agree with those who say the lower the share price goes, the more likely Boohoo will exit via a management buyout.

To those who say what about the Boohoo employees share incentive scheme, The Kamanis won't shaft them, I say that it would not be hard to structure a new scheme or profit sharing arrangement to fully compensate employees - how much would it really cost? - because the business will need its workers as it continues as a going concern.

To those who say what about the institutions who are underwater like Norges bank, they are on our side, I say that institutions are quite ruthless and won't hesitate to cut their losses if they feel the situation has changed for the worse - unlike us PI's, who tend to be more sentimental and tend to suffer from loss aversion etc (including me).

I so hope I'm wrong - I'll lose plenty in a management buyout - but am trying to be objective here and read the consequences of the declining share price.

Sharecast, this morning: "CMC Markets analyst Michael Hewson said: "As we look ahead the start of the month, Asia markets have started on the back foot, which is set to drag on European markets which are also set to open lower, as investors start to weigh reports that the US government has banned the sales of chips to Russia and China by Nvidia."

Not the most encouraging news to wake up to.

Thanks Alderbaran, it's not old news to me.

Here's a little summary of recent changes to broker views:

"boohoo group (LON:BOO – Get Rating) had its price target lowered by Barclays from GBX 45 ($0.54) to GBX 37 ($0.45) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage currently has an underweight rating on the stock.

BOO has been the topic of several other research reports. Berenberg Bank decreased their price objective on boohoo group from GBX 190 ($2.30) to GBX 140 ($1.69) and set a buy rating on the stock in a research note on Wednesday, May 11th. JPMorgan Chase & Co. downgraded boohoo group to a neutral rating and decreased their price objective for the stock from GBX 190 ($2.30) to GBX 85 ($1.03) in a research note on Tuesday, June 21st. Shore Capital reissued a hold rating on shares of boohoo group in a research note on Wednesday, August 17th. Liberum Capital cut boohoo group to a hold rating and lowered their price target for the stock from GBX 200 ($2.42) to GBX 70 ($0.85) in a report on Wednesday, May 4th. Finally, Jefferies Financial Group reissued a buy rating and issued a GBX 120 ($1.45) price target on shares of boohoo group in a report on Thursday, June 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of GBX 188 ($2.27)."

Take yr point about the direction, but I think it's going too far to suggest it'll become equivalent.

You don't honestly believe private equity houses receive the same amount of ESG scrutiny as a public company do you?

bandit, I've never taken a quoted company private, so I don't know all the requirements, but if they were generous enough to offer 100p cash to shareholders, representing nearly 140% to the current share price, I think it would easily go.

This is a matter of idle speculation and opinion!

*scrutinised to death

Trading, I've never met the Kamanis or Kane - I'm just an investor - but I imagine, first and foremost, that they are business people and a management buyout of Boohoo could represent v good business indeed. Didn't you say the Market cap is now less than Q2 revenue is likely to be? Apart from the strictly financial incentive, there would be a benefit of less scrutiny. We can all agree that Boohoo has been scrutinised to deal as a public company, especially in the esg sphere - it's been a headache.
Don't get me wrong - I don't want it to happen at all - I'd likely lose a fair amount at the sort of price they could take the company out - but it might.

I hope so baldeagle, but this one keeps dropping - 30% in just a month - and it already feels v uncomfortable to be a holder....

Jupiter's open-ended funds forced selling investments in common with this Trust, cannot be helping. I well remember Neil Woodford's open-ended funds selling out and causing similar grief to the portfolio of ex-Woodford Trust SUPP (formerly WPCT).

However, unlike SUPP, I hope CHRY keeps sufficient liquidity to continue making follow-on investments when good prospects become desperate for cash. If they play that one smartly, there could be some good opportunities out there looking forward.

They don't care about shareholders. This situation is playing right into their hands - Kamanis will take this private for a song.

Nothing really. Trading picking fights and blaming shorters while the share price drops - just a normal day.

I'm not giving up hope that sales can ramp up substantially over the next 3-4 quarters, if we get the requisite regulatory/insurance coverage. In the meantime, management seem to have (belatedly) grasped the nettle re their predicament.
Agree though, wipeout (for us) is a real possibility and I don't think we'll have long to wait to see which way this one goes.

And the speed of the decline too - as you say, a rout.
But surely there is value left in the business, Silverblade? Isn't the value to be found in getting the full medicare and insurance coverage, which you and others talk knowledgeably about, and then ramping up sales of those Kidney tests?