Very negative undertones to the RNS but then say FY will be exceeded with a drop through to EBIT. Looks like management are uber cautious hence the large cash pile.I opened a small position to which I will add on strength |
VC buyout coming? |
good summaryhave held off buying for now as i can see these falling lower |
Wont be surprised if they take this private. Management are a bit sneaky imho. Was expecting to see these at 100p today |
Yes, someone came in and lobbed four blocks of 100k @78p and then there were a few further sells later so that resistance is clearly on the minds of investors. Perhaps that is the market saying we're not quite convinced that the story has changed enough to justify a further re-rating higher yet.
It's a wait and see, bid has hit 80 again but still not managing to push through yet. From a shorter term view, tend to lob and bank profits if a stock keeps bumping its head against a certain mark.
The overall longer trend here is still down, but it's one to watch from both short and longer term perspectives because of the rating, balance sheet strength and cash generation.
If it doesn't crack resistance, wouldn't mind bouncing around between 60-80.
Be prepared for all eventualities.
EDIT: 25k block buyer at 80. Let the battle commence.
All imo
DYOR |
Lots of block trade through today |
Stock has popped another 14% today but it's now testing key resistance.
Will it breakthrough or stall out - it's another profitable move which gives you a choice of buy, hold or sell.
But which will you choose?
(Cue dramatic music) |
 Taken a few here. That update is surely far better than the market was expecting.
Stock beaten down to multi year lows with pre Covid-19 profit warnings and cautious statements getting bought up at slightly higher levels. Now have trading better than expected in the first six months and net cash increasing during the period.
Net cash was £58.8m at at 31st December 2019. Clearly an enormous positive to be cash generative in one of the most difficult environments in history. It would be nice if they had a put a figure on what the net cash had increased to. The current market cap at 70.4p is £211 million so it was a very significant chunk already and now more.
This type of covert nature of trading update always acts as a cloud imo. You also have numerous profit warnings - I can see three beginning from March 2018 to Sep 2019. However, just wondering if the market's perception here might now be too bearish and all the bad news is baked into the price.
Despite the gloomy times, there was still £14 million of free cash generation for FY 2019 and £13.5m for FY 2018, which relative to the enterprise value puts the stock on a bearish stance by the market.
There are a few bigger buyers appearing on the book, noticeable because you don't often get much volume traded in this stock. The chart shows you this stock is a nice trading share, but also watching to see if there is a sentiment shift here from bearish to neutral and even possibly bullish and a thus a sustained re-rating higher.
Closed off the book to online buying as I finished typing the post - all negotiated trades at the current offer and higher price points.
All imo
DYOR |
so bought in today...76p |
results tomorrow? |
Surprised not many in these!
Onwards & upwards
Another one to tuck away (TWD), floated recently, had a great pull back, I have been accumulating |
Looking good |
Very glad I made the purchase here on the last RNS. Looking very healthy all of a sudden |
Easy money here on recovery off support. (AOR) & (FUL) next |
I think car finance is not a good sector to be in at the moment as the car sales are down across the board. And under all the "green" issues all the political parties are pushing they will fall further imo! |
Bought a few at the open. |
Car finance is a nice sector to get exposure to. Might buy some of these this morning as long as they don't take the p1ss at the open.. |
Another win |
Time to buy ? |
Nothing really new in today's results from the recent profit warning statement. Therefore, bad news is already in the price. |
Dreadful outlook! |
I think it’s too early. Best to wait 6 months minimum. |
Decided to buy in mid 70’s yesterday, will hold for medium term, see how it goes |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
