Member Info for Wanderer100

Positive set of results. Hopefully this will be the trigger that sets off some positive momentum with the share price.

No good news here.

https://www.oxfordmail.co.uk/news/23762152.staff-lose-jobs-bmw-mini-car-plant-oxford/

Half a billion turnover and a net loss of £1 million. I can't help to feel underwhelmed.......again.

The only ray of sunshine is the promise of a better 2nd half of the year. We shall see. The share price is most definitely stuck in the doldrums!

Nobody buying at the moment even though the share price has dropped the best part of 30% in the past couple of months. What the hell is going on?

And now back above £1.40. Its about time we were given an update on the DC problems that were reported back in January. I'm hoping to hear about significant progress being made over the past 10 weeks.

Looks like another half million shares bought up today.

Nothing unexpected or untoward. Let's hope for a steady rise in the share price over the coming weeks and months but that profit margin.....its tiny. Still better than a loss though.

I'm not sure I'd pin too much hope on what goes on at BMW Mini. Work is being moved out of Cowley and being placed in China and Leipzig. This year's volumes are going to be the lowest in 10 years and therefore the temporary worker requirement will also be low. We will find out the reality of the last 6 months soon enough.

Not sure what to make of that. Operating loss of £14 million and delayed UK growth by 12 months. No real surprises but no real excitement either.

I agree, its an odd valuation. I remember FCH plummeting to the 0.3s last Autumn and hovering around there a while before recovering to 0.6s where it still feels undervalued. Ellis obviously thinks it's worth buying so I'm staying put until it recovers to the £0.5s at least.

Let's see what results day brings. I expect the same as the first half year report which I thought was decent.
Same as you though, it does feel undervalued at £240 million market cap when reporting £300 million in assets.

I've bought back in. £0.35 seems a good entry point and I hope to see a return to £0.50 over the next few months which will represent a decent return.
We need to see some tangible profit though.

1% profit doesnt, in my opinion, justify a dividend and where will the money cone from? Maybe it would be a dividend like HSS paid out. 00.17p!!! I'd rather they had paid down more debt than paid out that negligible sum. In the aftermath the share price has gone down a further 20%. Anyway, I've been in and out of STAF over the last couple of years and the current price is tempting.

How can they justify a dividend if they aren't making any profits. Something not right here, the price has been severely depressed for a long time. No sign of HR net looking to buy out either.

110% increase in the SP since it hit £0.30 a littke over 5 months ago. I hope to see a gradual increase up until results day on the 5th March.

It's not the anticipated loss in revenue that caused the drop, its the uncertainty its created. As we all know, the market hates uncertainty and whilst on the surface it doesn't look like a massive problem its what's under surface that has caused furrowed brows. I bought in on Friday and hope to see a recovery over the next 6 months but I don't expect it to be plain sailing.

Same as. Hoping for a 30% return which doesn't seem unreasonable in the next 3 -6 months.

Yes it's confirmed. Facility upgrade at the Huntingdon plant. The trading update RNS mentions it. I think its going to be off line until the end of March.

Yep, by my calculations 10,000 shares at 5p profit per share = £500 overall profit so share value £9.2k at time of sale. Doesn't sound outrageous to me. Good luck to you.

The share price is all over the place. Last week there were signs of a sustained rise above 50p, this week its dived by 20%. More sells than buys but very thin volume.