Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
Mikey, I could easily reply with the same sort of childish insult as you.
I stand by what I said. It's nothing special given a 70% fall today.
No one has massively sold out or bought in, simple, looking at those numbers.
Fort.
Should be. Yet it isn't.
And this bit of selling hasn't resulted in this being 10p down from where it should be, I don't think?
Don't get me wrong, I'd love to see 18p.
I just don't see what's going to get us back there this time. What good news could be coming up? Only a bid or a JV or something of that magnitude, imo. I don't even see a new review result doing it.
And then, as has been pointed out, we have money to last to June, which will soon come round. I believe another Franco type deal is the way to go there, but then, that won't be attractive to any potential bidder, will it?
I don't know, I tink I'm just on a downer today.
I do know this price is stupidly cheap.
Kat, yes, I'm so bitter I added more today at 8.4. I still think it's cheap. Ridiculously so.
As for HUM, I'm 10% down, which is a damn site better than I am here, even after today's top up.
A turncoat and opportunist? After holding this for over 13 years?
You know nothing about me, clown and I'd prefer you keep your thoughts about me to your self until you have read a few of my posts and see what I actually think over time.
"£541,627 @ 60.80."
Kat, do you mean the UT perhaps?
Hmm.
Okay, there have been a few, but nothing notable given today's fall imo.
If it was millions, I'd agree they might make a serious difference to something.
As I said, we'll see tomorrow and personally I don't see much happening now. It looks like it's found a level.
Fort, I get all of that and agree with it.
Now explain to me what needs to change to bring a bid in?
To me the only thing is the review and the lack of anything there doesn't exactly inspire any optimism.
Perhaps it's because we need to realise that the sums don't work as they stand?
And the fact that things are taking so long might mean the company is seriously struggling to make them look any better, even with smaller projects at first?
You may recall I've said for a very long time now that I don't see a bid incoming anytime soon. I've been proved right there, but it's easy to say that now.
The concern is that there won't be a bid at all. Certainly not at anything like what some of us are hoping for.
You're right, there was massive fear during Covid. I remember it extremely well and was kicking myself for not buying at sub 10p.
But now things should be better, yet the sp is lower.
Some think the sp will bounce when the seller stops selling. My question would be why should it more than a small amount?
It's not deramping either (Red).
These are legitimate questions that the market is asking, imo.
And the board needs to start answering sharpish.
Spot on. The reality is that as much as we think it's a bargain, noone is interested.
That's the long and short of it, because if they were, they'd be in now at this sort of price. No not 8p, but certainly an opening offer of say 16p?
Which means we might need to adjust our expectations.
The prize is probably there eventually, but when?
I think I might begin to see this purely as a trading share from now on.
If noone's interested at this sort of sp, you have to wonder when they will be, imo.
I actually went against my own instincts and added some at just under 8.5.
That went well!
Don't get me wrong, it's a great price in the scheme of things, imo, but we have been this low since Covid, I don't think and it's all because there is nothing happening. And if some continues to sell down, you have to wonder how far it can still fall.
Even when they stop, we know the volume is abysmal, so there will be little to stop it from falling more, especially with all markets performing so poorly lately.
I still have some more ammo to fire here, but when to use it is becoming a bit of a concern.
As I said, this is cheap. But I'll always prefer cheaper :-)
"Ramping...? It's down 73% on a 17% revenue hit"
I know it is. It's why I bought some.
But you conveniently forgot that it got it's forecast just a few weeks back, seriously wrong.
And worst of all, they possibly knew it at the time.
I prefer to believe that it isn't true.
But major mistakes from a company that deals mainly in Africa do not go down well, especially with their reputation for corruption.
There's serious risk here, but it's being downplayed, imo.
I call that ramping.
The markets are poor worldwide and I agree, it could be a rough winter.
It seems to me the market is seeing past the stuff that's coming from the banks etc and it has dawned on them that people everywhere are really struggling.
You can only hide the truth so long.
Sorry to be so downbeat, it's just the realist in me.
You have to think 200 is coming, which will be stupidly cheap and mean me topping up.
But I can easily see a fair bit lower too.
Some real bargains to be had now, but there's nothing to stop them falling more.
While the price continues to fall.
It'll either fall or rise seriously tomorrow. I'll be watching and maybe allow a 20% drop overall. Then I'll be out.
Personally, I think the market smells a big fat rat. Let's hope I'm wrong.
Depends how you view things, I guess;
https://en.wikipedia.org/wiki/List_of_countries_by_number_of_military_and_paramilitary_personnel
Anyway it's academic. The yanks have been itching to have a go at Iran for decades. Why haven't they?
There are very good reasons.
Israel will not attack Iran imo. Certainly not unless it has too.
Red, just for clarity are you accusing me of making those comments?
If not, you ought to be more clear about who you're referring too.
And actually, tbh, I don't think he's been far off the mark in his comments, as much as you might not like them.
Oh and to actually answer your question from yesterday, which I forgot, I'm not looking to buy in at a low price. But I am looking to ADD at a low price. It has something to do with me not being in the habit of buying now when I still think it's on a downward trajectory.
HorisM, Yes, I thought it wasn't too bad.
Slightly worrying after so recently stating differently, but it was pretty positive.
I looked at the interims and some of the numbers don't seem right. Margin of nearly 60%, for example?
But then, it's registered as a bank, which I know doesn't mean anything is guaranteed, but if this does come out as a fraud, some very important people are going to be left with egg on their faces.
On the back of all that, I've taken a small punt and I'm in at 62p.
Angelis, what's the source for that? Iran has one of the biggest armies in the world and held Iraq at bay for years.
Hence they're recently very experienced in modern warfare.
I doubt Israel would be able to threaten them in the slightest.
And surely Israel have enough on their plate and haven't even proven ready to move into Gaza yet, as much as their bluster says they will.
Just to be clear, I have no skin in this war lark and only wish bad things to war mongers.