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I couldnât give a monkeys backside whether they raise money this year or not amwrong, it hasnât prevented me booking a 150% profit in the meantime. I judged the narrative right, you judged it wrong. Hope that helps :)
âSome you win and some you loseâ.. with respect amtech, there is no evidence here you have won anything in your life. Plenty of evidence that you will get it wrong, bluster and try to disown however. The market is so clinically objective in these situations. ATB
I donât want to get into a long conversation about it but a pension deficit is NOT debt. It is a far longer term liability, managed by trustees who can act with considerable flexibility, and generally understand the need to maintain a healthy business to protect future contributions. Carclo appears to have a supportive relationship with the trustees. So if the assertion is that the pension deficit should be added to the EV in the same way net debt is, that is a rather subjective assessment, and not one that all educated investors will agree with.
??? Given the market cap is 200m GBP and they have over 150m usd net debt, I think your 160m usd enterprise value figure is wrong. Also, the most recent FCF is heavily benefiting from exceptionally high sales of exceptional stones. I have a large holding here and itâs a great story IMO, without the embellishments!!
The presence of Mr McCarats - an entirely unconvincing avatar - is good news for holders. Somebody wants your shares. The only sad part is, people like McCarats usually work for tin pot outfits with limited capital - they arenât qualified for proper City work - so it wonât offer a great deal of support. But anyway, better than nowt.
Iâm very much playing the ball amtech, and it has been placed in your net quite a few times. Please look at the score - the shares are currently 50% above where you started getting your knickers twisted and discouraging people. The reason you are losing is simple - you underestimated the impact of contract news and a rising oil price on the markets risk/return perception of GMS, preferring instead to focus on potential negatives. It is quite likely now, that even in the event the issue does take place it will be above the 3.8p where you started discouraging others, and one may need to own shares to participate anyway. So with an eye firmly on the ball - looking at investment returns and who predicted what - you are not looking clever right now. Surely there is a board somewhere where youâve called something right?! ⌠or is being 50% offside the best youâve got.. ATB