Beware of those pitching up having missed the 2 week rise from 40p calling Armageddon
They are jealous |
Agreed, plus MCG refinanced 500m at 4.875% in September 2024 when interest rates were higher. There's been institutional churn with Morgan Stanley and Philosophy joining the register and Spruce and Vulcan leaving it.Spruce have been indiscreetly selling down throughout 2024 which for me explains most of the weakness.40p was the floor at 44m valuation. Management are well connected in the PE world, so a takeover more likely |
Tiger
You say that the debt is not cheap but I think you are wrong.. the debt is Euro500m at 3.625% repayable in Aug 2026 and Euro 250m at 3.75% repayable by March 2028 which is inexpensive at current interest rates. I agree that the Prefs £325m are more expensive at just less than 9% |
Zak and John reckon £1++ |
the shares have zero value in my opinion. Trade them at your risk.
Day trade may pay off but that debt is not cheap.
tiger |
With over £800 million of debt and negative cashflow some of you guys are bonkers. |
Had to wait until March 2024 for a trading update, so next week IMO we may see more buying "positioning" for recovery rather than ahead of any possible new news....DYOR....if housebuilding delivery does show recovery & mortgage approvals the same early NY data, this could fly. Danger is Labour taking us down a recessionary path, if that gathers momentum.....let's hope not....next stop a quid.....DYOR |
Today Zak Mir has called this to £1.02 in January with what he described as “a W shape reversal/turnaround confirmed in december ” and “which looks like its sustainable in place of the previous downtrend”
Fast forward the video to around 10 mins 57 seconds for VCP coverage. Was released at around 2pm today so think we will still see new buyers monday on account of this |
£1.50 written all over this .. |
Not me … I’m still holding |
Ive not seen the messiah post since his 62p sale |
Nice one john…. If u still read me 👍🏻 |
75p with much much more to go.
Well done to the 40p squad who spotted the opportunity as recently as 10th December when the CEO bought 200,000 shares |
Lovely jubbly. Bring on £1+ |
My two conviction recovery stocks are VCP and AXS. VCP has started to move AXS has not.Keep an eye on it |
More likely short it now but thanks |
Next range is 80p- 85pPJ |
There’s still time to catch it to £2 |
Looked at this at 48p can't believe I didn't buy |
Solidly through 70p I reckon....now to push through 80p and get to a quid....It was £2 in June 24 DYOR |
Well through 70p for starters |
£1 by New Year’s Eve 🥊🥊 |
Hopefully finishing on higher high today, very positive trend going into the new year. Needs some additional good news to really get it back up to a reasonable base. |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
