Member Info for Veteran10

Has Winniwhiff said much more recently?

Shame for holders. Guess it will be taken out on the cheap or go bust now. A pandemic victim.

My post never even got posted!

I only said I thought it was unfair to say Chariot are not managing the discovery well or progressing the project. I have no concerns there.

Macro concerns are more understandable. However I feel more than ever it won't matter with Chariot. The company must be a sitting duck to get taken over this year. I have had a couple of resources shares which were taken over, you do quite well share price wise and get to move onto the next one.

https://www.globaltimes.cn/page/202207/1271377.shtml

Looks very interesting as you rightly point out.

Couple of rubbish days. Guess some wanted the CPR to say we had discovered Abu Dhabi version 2! Then you start seeing people talking of a placing, utterly ridiculous. Strongly suspect those buying now will do very well. Been there before, seen it etc.

As long as their planes do. Lots of cancelled flights already and the issuing of credits despite customers asking for cash refunds and being entitled to 400 EUR compensation for a cancelled flight. Wizz would do better if they handled such incidents with more honesty.

Actually did the opposite after Putin crashed the markets early in the year. Ditched all the companies I no longer believed in at a loss. Put everything into TEK and CHAR. Got 2.5 x my money on CHAR and over 60% on TEK. TEK is doing a rerun now so looking good for more there after cashing out and going back in. CHAR a little stagnant, Cpr was good but I think the markets want funding news. Could have waited before going back in on that but still confident.

Anyway ZIOC Is the one share I still held despite the paper losses. Very much hoping the directors can do a deal to change their lives and ourselves.

They will do a detailed presentation on the CPR on 8th September at the AGM. Worth going to.

Don't normally like the conspiracy theory line but sometimes you do wonder if the price is held back whilst bigger fish buy in. I suppose if we see late reported buys over the next few days then we know we are going to rerate.

Thanks for the video link

On holiday currently so haven't looked at the RNS in detail but I suspect I am not the only one away currently. Have a feeling this is news which will take a few weeks to take effect. No way 20p is a fair valuation at all, crappy markets or not, it is worth much more.

Looks worth alot more than 20p a share and for me that is all that matters!

The main cause is the lack of cabin crew staff. They fired them all in the pandemic and now cannot get them back. I am not shorting and I couldn't care too much if this goes up or down because right now I am only watching and not taking a position. Personally I do have a problem with immoral companies selling things they then do not deliver and I see that as a big red flag. I wouldn't like to put money into a company who conduct themselves like that. Have a Google of wizzair cancellations. See how many news articles come up from just the last week for example. The share price is bombed out for a reason I feel.

In terms of company performance also -
Wizz Air shares dropped 3.4% to 1,794.6p in late morning trading on Monday following a disappointing slate of results for the budget airline in Q1 2023, including an operating loss of €285 million and a reported loss of €450 million on the back of unrealised FX losses, disruption costs, lower utilisation in Q1 and an adverse pricing environment.

A drop in oil prices and Putin pulling out of Ukraine would help Wizz Air. A strengthening of the forint also perhaps (HUF has collapsed this year) though I don't know how much this Hungarian airline holds in their own currency. That unknown compensation bill (there are literally lawyer firms online with a front page detailing which flights are cancelled each day and what people can claim) is a worry for me atm though alongside summer holidays and the possibility of staff going on strike further exacerbating the situation. We know Wizz Air tried to take over Easyjet, perhaps someone will do the same with Wizz Air, that may also increase the share price for those buying arm.

Overall for me it's one to watch and no more. Abuse all you like but I have been pretty honest and looked at both sides. That's what a discussion board should be.

PS I used to work for JPM, they are just normal people not super heroes. They win some and lose like everyone else.

I didn't buy at 45, my issue isn't losing money on shares here. I have made money on Wizz overall . A pretty silly post from you really. Try countering the issues I raised. You can't because it's true. Buying something that halved in price then claiming it is undervalued is too simplistic. There are valid reasons for the drop in value here.

Wizz air are going to be bogged down by compensation claims and lawyers firms setting up specifically to go after airlines for all of the flights chaos. As a result this isn't an investment. It's a failing company. Fund managers won't want to hold the stock. I see one of bust or a takeover and rebrand to get rid of the poor reputation now associated with the Wizz Air name. Over the next few weeks I expect the news to be littered with flights chaos headlines.

And the basics are they have a huge upcoming compensation bill and have lost loads of customers. They have cancelled hundreds of flights. They need to refund the ticket cost AND pay compensation on top. They can't afford it. Hence they try to screw people over with a long claims form process and £1.45 per minute helpline. It's an immoral company which has lost its customer base and as a result will go bust or be taken over at best. These are the reasons they share price has crashed so much since the flights chaos started. School summer holidays haven't even started yet. Wizzair are screwed.

Are they factoring in the damage to reputation and loss of customers for life though? So many Wizz Air flights have been cancelled, even once on the runway! They are then notorious for trying to avoid paying compensation, there are numerous articles in the news regularly. I thought Wizz Air was cheap at one point but now I think the compensation they will have to pay and loss of customers makes them a company on the brink. I actually think some of these budget airlines will go bust.

The stock I believe in the most to multibag from the current price, on AIM, is Chariot. Still hopeful here, if Glencore are open to a deal we could still do very well. Come on Rio ditch Simandou and take Zanaga instead.

Tiny bit of volume does 8%.

Imagine what a 10m volume day would do on significant news.

Thanks Jimmy. If this hit a quid I could get my nephews on the property ladder. Your research and insight makes me think it could happen.

Could have been nothing and I didn't like to include it in my post but in my discussion AT said if we get this deal done then changed it to a deal done. I did wonder if there was anything in that but my thoughts are pure speculation and it's easy to over analyse.