Dudish - Looks as though you may have found the article - Possibly the loan facility exercised and now being called, though the article is not clear on this point and as you say over 2 years old do much water over the reef since then and to coin a sea metaphor "the currents may well have changed" ? |
PUG!
found the reason of what seems a forced buy?
Financial Times 5.8.22. Titled "We're going to need a bigger boat".
Report by Robert Smith.
Rather damning to say the least.
I am too thick to give specific ref but if you need, I know a man who can, Waldron.
In that article lies your answer I believe.
Sunday research eh? |
PUGUGLY,
Mind boggles, every bear in the woods is pooing on it and they double up?
Some massive dept to take on by a stalker what!!! |
So why did Morgan Stanley who are supposed to be very astute investors appear to double their holding on 22nd October ? However no trades of size recorded on that day or a few days before,
so |
Probably securing his seat on the life raft |
To think this stock was once £12 a share. Has been a very remunerative short. Looks like appointment with zero. |
Where's Black boulder when you need him? |
If you are about PUG,
Another negative report by Tim. Same lines as before, target 0p.
EK has a view similar to that of Tim,
I believe.
I remain short.
Corrected version
cheers |
How has the budget pulled the rug ???
Debt maybe |
The budget has really pulled the rug from under Victoria ;-) |
Stimulus in the budget for building it would seem.. good for Victoria hopefully. |
Maybe the carpet market isn’t the only flooring |
The flooring sector is experiencing the most severe and longest decline in demand in the last 30 years.
Where is this coming from? People have been squandering money on houses and don't care about the flooring? |
Short @ 111. Gambling again on liquidation, or just liquid (Rum Swizzle)? |
Sud - Thanks - Or in other words - Bargepole territory - unless short - best of luck. |
MRF, exactly.
For PUG, Lucien Meirs was actually caught short around the 2015 mark. He admits to that, no doubt lost a few quid.
I believe he joined the foray again @ £7ish, 2018.
The point for some time now has been the m/c of say £180m as opposed to debt of £1.1Bn.
I would think that DfE would not be pretty.
cheers |
They may need a huge equity placing in conjunction with a firm re-financing deal. Could be deeply discounted and wipe out existing holders. If shorting is your thing, this has got to be right up there, no? |
G'day Pug,
TW short piece re: refinancing, not much else, except that shorting remains possible.
I've been in and out, short from 323p. No posn at the moment.
cheers |
Bearcast out If anyone gets it - If so could you please highlight key points |
Victoria bonds now in free fall today, cant be good for the stock
VCPLN 3.625 26 85/88 [-6pts vs yesterday]
VCPLN 3.75 28 70/74 [-11pts vs yesterday] |
Realised I made a mistake, took the hit and sold these some time ago. Unfortunately the grim debt reaper is still hanging over this...
Buywell413 Mar '24 - 09:45 - 2740 of 2880 Edit
0 2 1
Buyback here looks absolute folly. Last statement debt was 670m. If they can buy that back, particularly at sub par valuations that has to trump the buyback. Always get the feeling its only a matter of time for the debt to overwhelm this company. |
Travis Perkins doing ok
Topps tiles too
Methinks victoria
Aren’t doing well |
You understand the building market is suppressed around the world right ?This is a turnaround stock when building sentiment returns |
Jumped in twice too early on this... need to reduce debt and turn a profit on all that revenue. Ridiculous they can't really... need consolidation and effective cost reductions. Strategy of shareholder value through capital gains failing miserably at the moment. |
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