What’s your big gamble? (Volume 3)

[500 Miles]

Ok... so..

Volume 1 - We lost a bit of money - realised you couldn't buy The Sun from John Menzies anymore and heard about a guy called Gerry..

Volume 2 - We made a bit of money - bought a few wheel barrows and realised Gerry might not be the saviour...

Volume 3 - This is the big one! This is where we make our millions and perhaps start a campaign to knight Gerry and Allessandro.... (ok, wont happen for multiple reasons - including nationality..)

GLA
Continued from here:

https://www.pistonheads.com/gassing/topic.asp?h=0&...

[500 Miles]

vulture1 said:

ferrisbueller said:

TheLayabout said:

Nothing to do with employee buying
All in the chart strike some gans on the daily
Candlestick chart you will see all you should need to know

That cleared that up.

Yep from that it is defo a buy... or a sell. one of the two.

I disagree, It’s a hold - why are you disagreeing? I’m not posting again.

[500 Miles]

I’m back - been a bit busy for some reason.... BenBay, you and I need a word - you’ve got me mentioned in The Times ffs.. I usually stick to The Sun

Tomorrow there is an IPO for Nightcap Plc, it’s a vehicle which will buy and build ‘experiential’ bars and pubs. The first purchase is of 10 bars which trade as the London Cocktail Club - LCC was owned by the management team of Nightcap - this management team really is second to none, really impressive.

Sarah Willingham who used to be on Dragons Den, her husband Michael (CF/PE), JJ (renowned chief bartender and mixologist) and Toby Rolfe who was the CFO of BeAtOne. I’ve been really impressed with them - obviously an interesting time to IPO a bar group however the vehicle is setup to take advantage of distressed assets and cheaper rents.

http://nightcapplc.com/

LSE:NGHT

I’m already invested and hoping for a positive start to trading tomorrow. Definitely worth a look. Obviously it could be adversely impacted by market sentiment, although Sarah’s profile should generate a good amount of interest.

Topped up on the Mexican ex today, would feel better if management bought more. It’s now a decent sized gamble and it’s definitely a gamble..

Almost bought into EQT after getting a sure fire tip from Meeten (top man by the way, his wife makes the best cakes and he was kind enough to drop some off at my parents house in Perth pre-lockdown - what a gent). Now, EQT was a top tip at 2.5 which I think must mean it’s an amazing tip at 2 it comes with the Meeten guarantee as well.

Thinking about it, the only decent nailed on tip I can give you is.... if you want some great cakes cakes, order some from Little Blossom Bakes - https://www.instagram.com/littleblossombakes/?hl=e... cakes can rise up as well as go down.

[500 Miles]

matt21 said:

Anyone selling BOO before tomorrow’s results? Thinking of selling half, whilst I’m confident in long term growth I feel it will drop back below 350 again at some point

I'm staying in.. the graphs (don't worry, I'm not going down that route) suggest selling half is probably sensible... however, this isn't the sensible thread.



Their website traffic is up reasonably significantly in the past 3 months, probably not too surprising.

[500 Miles]

egomeister said:

500 Miles said:

I’m back - been a bit busy for some reason.... BenBay, you and I need a word - you’ve got me mentioned in The Times ffs.. I usually stick to The Sun

Tomorrow there is an IPO for Nightcap Plc, it’s a vehicle which will buy and build ‘experiential’ bars and pubs. The first purchase is of 10 bars which trade as the London Cocktail Club - LCC was owned by the management team of Nightcap - this management team really is second to none, really impressive.

Sarah Willingham who used to be on Dragons Den, her husband Michael (CF/PE), JJ (renowned chief bartender and mixologist) and Toby Rolfe who was the CFO of BeAtOne. I’ve been really impressed with them - obviously an interesting time to IPO a bar group however the vehicle is setup to take advantage of distressed assets and cheaper rents.

http://nightcapplc.com/

LSE:NGHT

I’m already invested and hoping for a positive start to trading tomorrow. Definitely worth a look. Obviously it could be adversely impacted by market sentiment, although Sarah’s profile should generate a good amount of interest.

I think you are mental to get involved with this one - to me the deal stinks. As far as I can see it's a deal to get some mugs to recapitalise the existing business (which would likely not survive COVID) while allowing the shareholders to maintain a stake. Great for them, not so good for investors who might have done better to buy the businesses out of administration.

I'll put you down as a maybe for the pub crawl.

The Mental Mug

ps. I'm up 35% on the pre-listing price.

To be fair, when I initially saw the opportunity I thought the same - However after spending some time with the team I believe it represents a great opportunity.

Their cash burn is tiny whilst bars are shut - the bars don't need to be anywhere near capacity to generate a profit and they have what I believe to be one of the best management teams in the industry. This coupled with great property deals (existing and new sites) lends me to believe that the returns over the next 2 years could be substantial.

Obviously I could be wrong, I often am.

[500 Miles]

MikeStroud said:

500 Miles said:

I’m back - been a bit busy for some reason.... BenBay, you and I need a word - you’ve got me mentioned in The Times ffs.. I usually stick to The Sun

Come on spill the beans, what's the story?

https://www.thetimes.co.uk/article/itv-back-in-the-game-with-hope-for-football-advertising-boom-8gx2zbd0s

It’s all BenBays fault ...

[500 Miles]

MikeStroud said:

I completely sold out of BOO today. I was 40% up and nowadays take profit whilst it's there. Tomorrow it could be more or it could be less. I'm finding I'm doing surprisingly well taking profit whilst it's there (after learning the hard way about hanging on to long).

It’s probably the sensible thing to do, fomo stops me doing that. I hate seeing a shareprice continue to go up after I sell, I think I’d rather lose all my investment than take a profit and the sp goes higher... mental but true

[500 Miles]

Adam.. said:

Thanks, doesn’t even mention SNG!

Do you know if this trial is the equivalent of phase 3 and being fast tracked, ie is there a better chance of a CV19 play in the US (where I thought they were full steam ahead with Pfizer?

As I said above I think Interferon is a great product but I worry about short term sentiment

It was on BBC news (TV) earlier - although it wasn’t mentioned by name. I’m assuming it was SNG - can’t be another Interferon based Covid bashing company in the UK..

[500 Miles]

JontyR said:

Have I missed the boat on Argo?

Thank you for the tip on Nightcap

Welcome to the Mental Mugs Club - The MMC of the LCC

[500 Miles]

MikeStroud said:

500 Miles said:

MikeStroud said:

I completely sold out of BOO today. I was 40% up and nowadays take profit whilst it's there. Tomorrow it could be more or it could be less. I'm finding I'm doing surprisingly well taking profit whilst it's there (after learning the hard way about hanging on to long).

It’s probably the sensible thing to do, fomo stops me doing that. I hate seeing a shareprice continue to go up after I sell, I think I’d rather lose all my investment than take a profit and the sp goes higher... mental but true

Totally get it. As well as taking profit when it’s there the other discipline is not to peak at that share every again!

Yeah, that’s true

[500 Miles]

Maxf said:

Benbay001 said:

Maxf said:

A bit of a newbie question here, but I’ve seen my IPD shares go from a nice profit to a loss... digging around today it looks like there was a share issue which diluted the holding - fair enough, but shouldn’t I have been notified and offered shares? My ii account has no notification of corporate actions in it.

I think it was just an announcement there there was going to be a rights issue rather than it having actually happened.

That’s what I’d have thought, but it reads like it’s done and dusted (placed, oversubscribed, raises etc).

Hi Max,

The placing has been done in two tranches, one for institutions and one for existing shareholders - it’s a bit more nuanced than that but that’s the gist of it.

Take up by the institutions was strong and there was good appetite for the shares.

The existing shareholders will have the opportunity to buy additional shares at the discount in the second tranche. Before that happens a prospectus needs to be completed and agreed by the FCA, further comms and dates will be published about this.

The short answer is, if you currently hold shares you will have the opportunity to buy more at a discount soon.

The reason it was done in two tranches was around timing - it’s faster doing a raise with institutions than it is doing it with private individuals. The company wanted to give private individuals the opportunity to participate.

Feel free to drop me an IM if you would like more detail.

[500 Miles]

ben_h100 said:

Meeten-5dulx said:

therein lies a positive - there are a few days of not worrying about the SP.... in addition....

company is still trading
this is an accounting c ock up
trading updates can still occur - hopefully when they are reinstated and we can come back bigger.

<vodka in cornflakes>

Pour some for me..! SYME is my biggest holding.

We need a special wheelbarrow for that...

[500 Miles]

Meeten-5dulx said:

The more I think about this, the more my concern level is not as high as originally when I saw the RNS.

THEY (the company) have volunteered to do this - not forced to.
It is a short period of time where it is suspended.
I do believe that there will be a drop in SP immidiately as these types of statements spook (as can be seen).
AZ may have more RNS on the product to share when they are reinstated and this should boost sentiment.

Yes , there is a risk involved but assuming that this isn't just a great big scam (disclaimer, i don't know that is the case), then the same hopes for this company remain.






In the meantime, I took the dip in EQT as an opportunity to load up some more .... they better not be suspended!!

Edited by Meeten-5dulx on Thursday 21st January 11:03

Did your concern levels drop as you had more vodka infused Frosties?

[500 Miles]

Aiminghigh123 said:

NGHT, VLS and BAB my main winners today.

Feel annoyed I didn’t put more in NGHT 26% up since it started trading a few days ago

NGHT going great guns, up 50% now. I got an email from one of them today and it all sounded positive. No insider info obviously!

[500 Miles]

Phooey said:

TUI taking a fisting this mornI got

Edited by Phooey on Friday 22 January 08:46

Have you ever thought about a career in presenting or journalism? I’d pay extra for this type of straight talking and hard hitting commentary.

Good morning and welcome to the business news. This morning the FTSE is down over 2%, Tui has taken an utter fisting whilst easyJet has gone down faster than a drunken fat lass in Magaluf.

Now, over to Ben for the weather.

[500 Miles]

i4got said:

Adam. said:

Harpoon said:

I read Boo are only buying the name, website & brands - nothing physical like stores or stock

Sunday Times - ASOS front runner but Asda, boohoo and a few others showed interest. ASOS not interested in physical stores so doubt boo are either. Probably quite easy and cheap to bolt on extra brands and ranges using existing online infrastructure / supply chains

The ST store has been superseded by Monday mornings FT.

I cant see the FT story but here is the Reuters report ion the FT story.

https://www.reuters.com/article/debenhams-ma-booho...

Must admit, I don’t see the logic or the overlap with Boo’s demographic.. Debenhams just seems a brand that needs to go the way of Woolworths and BHS..

[500 Miles]

Aiminghigh123 said:

Glad AMGO is only 5% of portfolio. Expect a smashing today from them

Without starting to sound like LSE.... I topped up this morning.. be greedy when others are fearful... this is going to rocket... wouldn’t like to be out of this over the weekend... etc etc..

I’ve been building a bit of a stake here - definitely an out and out gamble.

I quite like how management are approaching it, very ballsy - feels like an energetic, experienced and focussed board/management team.

I’ve definitely got more in them than any sane person would..

[500 Miles]

Meeten-5dulx said:

Market seem to like it.
Up 4pc on the bell.

I always said it was a wise, strategic move which would help them target a new customer base with their flexible e-commerce platform

JP Morgan are positive on the deal and see Debenhams Beauty offering as being positive for Boo Hoo. They’ve set an end of Sept price target of 480p.

[500 Miles]

Insurancejon said:

Nightcap flying this morning

Thank you 500 miles, that’s more than offset this mornings Mexican losses

Good man - up circa 70% since IPO, definitely can’t complain about that.

My Revs is taken a hit but not too concerned about them, might top up again.. although do have a defent amount in the hospitality sector now.

[500 Miles]

lemmingjames said:

Did someone mention Arkk on here the other day?

Think that was Noah.... (I’ll get my coat..)

Anyway guys.... be careful with these gambles... it’s a fine line between gambling and just chucking money away...

I’m being sensible and staying away from the pump and dumps... instead I’ve just upped my investment in the crazy Mexican ex

very very sensible...

Arriba Arriba!