Member Info for Wiscos

You may be right to some extent, and the economy is hardly doing well, but your 'facts' are completely wrong!

If Directors are able to buy, they really must. Otherwise the only conclusion is that the shorters are more correct than incorrect in their assertions.

I've seen them get it wrong both ways, but you do need to know to just ignore all that 'data'. It's total junk! Keeping my fingers crossed for a little rise after divs are paid and any reinvestment takes place. Bit concerned over AGM votes which were not supportive of the board and hope the big reported profit last time was not a total aberration.

Just bought in a bit. LSE showing most of my Buys as Sells (this scam should be stopped - probably not LSE's fault) but selling price has dropped a bit. Anyway, hoping price of coal goes back up!

I bailed out once last year (losing £10k) and again a few weeks ago (minimal loss) at £2.55. I like the concept but there's too much competition, the products are too complex for me to understand if they work properly, and the track record of female CEOs (a statistical rather than a sexist statement!) is increasingly poor. I'm staying out and sticking with companies I understand. Good luck, all of you faithful investors.

Roller coaster today. Anyone know what's going on?

Looked into your SA Miner. Struggled to find quite such a rosy picture. Good luck with it. SA playing silly games getting into bed with Russia. Not for me...

PSN down more than most builders and really quite a big drop. I expect the impact of having to allow for remediation works will impact profits quite badly but still seems cheap. I bought a bit more!

Price is recovering quite nicely now, despite the charts...

I tend to agree. Just bought some more!

Quite a big drop this morning, albeit not huge. Few other retail / card shares dropped as well. Anyone got any ideas why?

It depends... The new money in the company would increase the assets and/or reduce the liabilities. If debt was reduced interest payments out would no longer be required which could be used to increase the total dividend paid (and allow a dividend in the first place). And the market value / sp would probably rise more than the cost of the new cash. If it were a Rights Issue and investors followed then they would maintain their proportion of the business. Just throwing an idea out there but it does seem now would be a good time to get dividends going again and I think there's a fair shout that this would increase shareholder value for everybody. A placement would work but I always prefer a rights issue. Just an idea, folks! No suggestion it's happening!

Not if the value of the company rose significantly more than the cost of the funds raised!

Oddly enough, now might be a great time to raise some more equity via a RI to pay off the debt and reinstate divs. Might be a win / win for shareholders. Ie. whether they invested or not. Share price should rise on the back of the divs even with some dilution.

Thanks, Stach. Oddly enough I did realise that! However, it will be paying a div and thereby demonstrating debt is under control that will help the price up. The price was about £2 a share a few years ago with nice healthy profits and divs. Can't justify anywhere near that yet. I stick with my (considered) view that this share will not go much above a £1 in the short-term. As soon as it gets close to FTSE-350 market cap there will be a leap, but not above £1.35 or so. In a couple of years I would hope we'd be nudging £2 again but lots can go wrong in the meantime...

I thought it was pretty good!

Yes, and while rents go up, life goes by, and mortgage rates already start to fall (and almost certainly interest rates will be falling by end 2023), this is a huge benefit to buyers! Good thinking, counter or beans at PSN - or marketing executive.

Vulture1. Wouldn't be a hedge of there wasn't some cost. I was pleasantly surprised by the update and got in first thing at £13 having sold at £12.91. Not complaining after today's rise but it could have been different.

Not sure your expectations of £1.50 are imminent, but as soon as dividends are being paid again and the company gets back into FTSE 350 then price should stabilise at well over £1. Right now it's getting close to a sensible price for a company that's not paying divs, despite promising EBITDA.

Agreed. I've sold out of Darktrace. Won't be returning. Nice loss. My mistake. Never again.