Member Info for Urraca

The price collapse does look over done. But ... the outcome of the review might be much worse than Friday's RNS suggested. In the same way that the FCf position now looks much worse than November's trading update suggested. Also, if indeed there is a new CEO, there will surely be a temptation to issue a kitchen sink RNS airing any possible bit of bad news, regardless of how remote, to give the incomer the lowest possible base to build from. I'll be watching the open closely tomorrow morning.

Bought some. Hoping for a dead cat bounce tomorrow.

I think so yes DTN. The company is not on the brink of collapse. And unlike BOO its not being milked hard by founder owners. Be greedy when others are fearful - the Reeves recession is an opportunity for those with patience.

Treasury need every penny of tax from dividends they can get. Plus - the sanctions were imposed by the wicked Tories. Everything they did must be dismantled, and the black hole they left addressed. There’s always an angle to play.

Yes DTN, you don’t seem nervous at all. Entirely normal to spend your day relentlessly bashing a stock you don’t hold, and loudly attacking anyone who voices a different opinion. Not nervous at all. Lol. Probably got 3 pairs of brown pants on you.

Gotta laugh, DTN and Pedro relentlessly spamming the board with negative posts, and I’m the one trying to stifle debate by offering a different opinion. What do you call it when someone accuses you of doing what actually they’re doing? Bit childish, imo. Anyway, no hard feelings, Pedro/DTN, maybe you’re sitting on a loss here. Check out NToG - good for a bag this week probably.

The higher we are before news lands the better. Honestly thought we’d be much higher than this after farm in, but such is life. I’m happy to wait.

The divestment was cancelled so the price was around £5 a few years ago. I’ve not tracked underlying commodity prices. There might be a bumper dividend too.

Daytrade, you and pedro are incessantly suggesting that Boo will sell their holding here. And yet the big hedge funds that specialise in shorting disagree. If and when someone takes a big short here I’ll re-evaluate. But not on your say so.

If any serious player thought BoO might sell their stake here and crater the price, there’d be at least one hedge fund shorting the pants off this. And yet, there are no open shirt positions. So ask yourself, do you trust the advice of 2 BB posters trying to talk the price down. Or the City professionals?

A rerate is overdue. Even if it 3 bagged from here the market cap would still be under half NAV.

Strengthening oil price and weakening pound will also improve £ income

Buys not buts

A bit surprising the price tanked so heavily on Friday though, given there were more buts than sells.

There is always the chance that BoE will prioritise the virtually certain looming recession over stubborn inflation and cut rates a bit faster than the market is anticipating. On the downside its not beyond credibility that this Govt will compel builders to build with penalties for failure - akin yo the compulsion placed on car dealers to sell electric vehicles.

Why will the Board have to walk? Because they will demonstrably have lost the confidence of shareholders.

I’m sorry to say you fon’t Paul.

Yes but that required a shareholder vote, scheduled for end odf December, which did not happen “for logistical reasons”. It looks like the Board couldn’t get enough votes to guarantee delisting. And the longer this goes on, the more it looks like they are still failing to. I’ve bought some - quite a lot. Its a steaight gamble, but the payoff will ve gewat if they can’t delist. The Board will have to walk too - all good for shareholders.

They’ll have to go

I normally hate to see investors lose money, but in PaulCy’s case I could be persuaded to make an exception. What’s a socialist doing in the capitalist casino stock market? You’ve got too much money my friend. Everyone is allowed to pay more tax than they need to, and your favoured Party needs a hand.