Brown (n) Share Discussion Threads

[simmsc] 24/6/2021 21:40

This horrible stock had to go straight up after i sold and held for ages lolIt's the way the cookie has to crumble sometimesNo regrets

[hotaimstocks] 24/6/2021 14:21

should see 60p tomorrow then.

[transhoneyqueens] 24/6/2021 13:44

I wonder if ASOS or BOOHOO would make a cheeky 60p offer to buy us out ?

[dicktrade] 24/6/2021 13:41

doug,

a very sensible and logical post ( although i dont think they are dim).

Richard

[dougmachin] 24/6/2021 13:04

I really don't think they're going to take it private either, nor run the share price down intentionally.

The inheritance planning sounds like the best reason.

If they were trying to run the share price down, then why buy 5 million quids worth at 62-64p?

The share price was going into free fall after 20th May results, so that would have been the time to remind everyone of the litigation... then sit back and watch the share price really drop. Then hoover up shares at a much lower price.

But what they did was step-in and support the share price at a much higher level. Then issue the litigation reminder.

I reckon they're now sat there thinking, 'ah man, we stepped in about 8-10p too early for our 5 million buy, so let's just focus on the business now and let that do the talking for the sp'.

Being blunt, IMO, they're either a bit dim or have worked to protect the sp, rather than the other way around.

I'm still certainly looking to top-up, but there's many other 'dips' around !!
But certainly not a sell (unless you wanna take those 19p profits).

[hey_arn0ld] 24/6/2021 11:12

They aren't going to take it private as they are inheritance planning hence delisting to AIM.

[niggle] 24/6/2021 09:28

Doug - fair points

It’s now a family controlled business with no reason to be sitting on any stock market. If it was my business I would delist.

That means driving the cap down as close to net assets as possible and buying up the remains shares.

I’ll leave that with you.

[opaldouglas] 23/6/2021 15:41

Clearly theres a huge amount of value here. That's not the issue, its management playing down prospects and trading and to what end? If they want to take it private how low are they willing to push it. OD

[dougmachin] 23/6/2021 11:24

niggle - totally agree with that.

But, can also still have a lot of weaker holders sold out too.

There's a variety of different categories of holders here.

PIs who've made a mint from 19p, yep of course take some if not all and move on.

PIs who've been in from a lot higher and have been shaken out 'cos it didn't go up fast enough. These people are out, also understandable.

My point is that various holders are already out, call them weaker or stronger doesn't matter.

It's finding strength at 54p (again today), so my view is no point to sell out now at a loss.

If you haven't sold out already, then best to stay in now that's my view / point. Kind of trying to be helpful to stop 'panic' selling.

I sold out a while ago and then bought back in. So I'm in neutral at the moment.

A smaller one of my holdings, but I'm considering adding more at 54p as I think in a year or 2, that will turn out to be a decent buy.

Cheers

[niggle] 23/6/2021 10:08

Doug

“A lot of weaker holders already out”

You mean

“A lot of sensible holders have already departed the sinking ship” ?

Blithely following a company into the ground is not a sign of strength. Buying at 19p and selling at 60+ is strong imho lol!

[hey_arn0ld] 22/6/2021 13:38

weak* sorry

[hey_arn0ld] 22/6/2021 13:35

I completely agree doug. This has got rid of the week. I added a bit early at 58p. I guess the opportunity cost of capital is the only reason you would sell now. But I still like the risk reward here.

[dougmachin] 22/6/2021 13:18

I'm waiting to top-up (double-up as a small holding) here.

I think it's got support (again today) at 54p.

A lot of weaker holders already out. No point to sell now.

[maximus57] 22/6/2021 12:31

Agree, looks like a walk downwards

[ammu12] 22/6/2021 12:22

This is going in the 40's whether you like it or not unfortunately

[outsizeclothes.com] 21/6/2021 11:05

In for 20k @ 55.84.

[dougmachin] 21/6/2021 09:47

Bouncing couple of times now at 54p.

Then folk getting in quick and back to 55-57p.

Anything sub 57p is bargain territory IMO.

Watching for best chance to top up.

[ammu12] 21/6/2021 09:24

Back to 30's imo

[red ninja] 18/6/2021 16:05

I'm in for a punt.
Interesting to see what SWSC and other tip sheets make of the current situation.
The Joshua Jacob Moshe Alliance must have considered the legal spat before buying, although admittedly the stakes have been raised and the law is an uncertain business.

[dougmachin] 18/6/2021 13:44

Hmmmm... Joshua Jacob Moshe Alliance buying at 57p, 65p, 64p, 61p...

Could be top up territory IMO.

Not a big holding for me this one, but my strategy is to buy the dips and wait.

This could be the bounce point.

Agree, this is not without it's share of questions, but not writing this one off yet by a long way.

[red ninja] 18/6/2021 13:42

I'm back in. Even if the Allianz spat is lost the entry price should hopefully cover against loses...

[simmsc] 18/6/2021 11:03

Just finished now. All those 20k blocks this morning were mine plus the 1111 at the end. I'm out - thank God!

[currencytrader1] 18/6/2021 08:19

Josh alliance paid 100,000000 for his shares at 57p..
The muppet could have had them for free now lol.
What a loser he must feel...