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There are various posters suggesting risk of administration, balance sheet hanging on by a thread, there was even one yesterday suggesting that Cosmens are adding to be able to get Alsa on favourable terms from creditors after MCG goes into prepack.
Obviously where we are and with sentiment at an all time low, one begins to question if you're going to get wiped out.
As simplistic as it is to think like this, I keep reminding myself how much Alsa is probably worth if it were sold today, well over a billion I would guess.
How many on here have watched the presentation? If you are invested it is essential viewing. The person who said this is going into prepak won't have & you have to question the motive of someone putting that comment onto a chatboard with zero evidence to support it!
Look at the short seller profile on DOCS. Very similar activity to what's going down here. It's unlikely the opportunity to get these at 50p will be around for long!
Far too much fear & panic abound here. I get that the SP is dreadful. £80k+ loss on paper so maybe i should sit on the toilet all day. This is the lowest price since this listed in 1993. This is a solid business bring in consistently huge revenues. Take a trip down any major arterial motorway & you will pass several giant jam sandwiches to remind you of what you have bought part of! This will be a missed opportunity i believe for many who were happy to buy at but not at 50p!
@ Paddy
loss on paper so maybe i should sit on the toilet all day
50k+ for me & yes i have been sitting on the toilet for 4 years now
£1.90 started buying or there about
It fecking hurts to see Sp attacked day in day out .
If they only were to put up prices in the UK by a few % would help as people on here have been saying using the coach for UK journey's have been to cheap & would have gladly paid a Fee £ more
Prime, yes i started my buys end of 2027. I actually 'caught the bottom' at 127 in December 22 with one of my buys. I was also invested during Covid & again on one of my tranches 'caught the bottom' at 112. The covid ones i sold for a decent profit & got back in big when it was hitting the covid prices again. Investors in RR have had a similar roller coaster over the 3 years before the recovery & i imagine most who invested at good prices there probably all sold out when they broke even again & have now seen the SP rocket away. I've always had a 5 year view on this investment & intend to keep a core holding for at least that period. I will slice some on recovery simply because i have too many in here now although my intention is to average down further at these prices. I think a lot of people are thinking short term here which is compounding their frustrations. Watch the presentation. They are addressing the pricing issues which yes i agree with you on. This company has huge competitive advantage & pricing should not be an issue here IMO. Demand is inelastic for their services. They could raise prices on UK coach by probably 20% without a big impact on demand. WMT is due to be renegotiated in Jan 25. People are ignoring a lot of positives here & focusing on all the negatives.
Will be sitting on toilet a lot longer yet, can see this getting nasty. Maybe low 40s unfortunately
End of 2022
I hope it goes low 40s as i'm buying more!
Back over £1 in few months!
Will be sitting on toilet a lot longer yet
Hope not as running out of the toilet paper i hoarded during lock down.
Paddy
Unfortunately i have very few brought at a low price
Any way GL to All
Well I've got extra pampers in!!
You may well be right Smokey. I was in on both Boo & THG when they were originally dragged down to 30p so who knows. Hoch was also dragged to 50p but that's tripled back up!
Jg what’s Simon (secretary) hoping for then an invite to the administration party? ha. What’s clear is it’s beat a lot of you down now and I get it but you need to try keep emotions out of it that’s how you make mistakes.
Shorts- are betting on this accelerating down and it can’t even hold Octobers low at the min (bearish. ) but you have bullish divergence on multiple timeframes so imo it’s trying to trap some long or shorts (one of thems about to be horribly wrong) you have 3 key levels close by so if you access to a chart you need to put these levels on because if is about to accelerate down one of these will likely become resistance they are
The October low
The open from Monday
And the Covid low
There’s not really any support below 50ps a good area but only physiological at best traders/investors like key numbers 888,Halfords for example but there’s no reason it can’t end up in the 30s Rr, thg, boohoo for another example
If it accelerates down keep an eye out for the sp getting exhausted making smaller moves,sideways trading then one last attempt to go down but bouncing back, it will bounce back like it’s on steroids
Fomc next week markets where expecting 1475 points of rate cuts from central banks but now it’s only 475 according to Bloomberg so some of that might eventually get priced into the markets
The simple advice is: If you think this is going bust: Sell everything or don't invest in it!; If this is going to low 40s: Sell everything tomorrow & buy back at low 40s! There it is.The end!
Personally i'm more interested in where the price is in 12 months!
Paddy- I hope it goes low 40s as i'm buying more!
Also paddy-The simple advice is: If you think this is going bust: Sell everything or don't invest in it!; If this is going to low 40s: Sell everything tomorrow & buy back at low 40s! There it is.The end! 🤔
Talk of administration is just so daft. Watch the presentation.Stamp has stated.Covenant gearing is 3. Well within their limit of 3.5. They were prepared to pay a dividend at gearing of 2.8 & it was only pulled due to the realisation that deleveraging was going to take longer. Think longer term. In 2-3 years a buy at these levels could be yielding a dividend income of 20+%. There is no reason that cannot happen here as this is historically a dividend share. everyone is focused on the neagtive stuff but ignoring the positives that may happen in time!
Hindy
Aren't we below the October low?
And what was the covid low, because it must have been an intra day low?
Thanks
This share had a rights issue mid 2020 fully subscribed where investors were prepared to pay 220 per share for each rights share. At that time the whole fleet was non operational & staff were furloughed. Ask yourself: is the company really in a worse position now or perhaps 2 years from now than where it was then?
JG i think Hindy is referring to intraday lows.Not closing prices. The covid intra day low was 66.Close price was 91 on that day. 54 intraday in october. close 56 if i recall. I always thought on TA you went by close prices not intraday but i'm not really into all that stuff!
Nor me Paddy.
But cheers
Paddy I was being sarcastic 😂 I watched the presentation live, missed the last two mins of q na because had to nip out and my signal went when leaving the house.
What I meant was why would the secretary and other insiders be buying if this was going into admin? they wouldn’t, Jesus!
Jg I will have a look in a min and post
Hindy
Also is it your understanding the reason to delay the schools disposal is to demonstrate new school year bids/ contracts on better margins?
Did anyone on here have buy orders for 888 at 48-49 like me? missed out big by scrimping 1-2p