Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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* new director who has considerable experience/
* growing revenue last announcement did not have the two newest companies accounted for
* World wide reach
* New releases
* Revenues as expected.
* Some problem with accounting - a little strange for a company that large ?
* A director leaving Is ther some scandal something dirty looming .
ONLY TIME WILL TELL BUT WELL WORTH KEEPING ON ONES RADAR.
Dartron.
You sent a link from 2022... It's 30 months old???
It is part of their job, however previous auditor quit because they had some concerns about governance.There are some issues can be minor or.... . .but we can only comment once results are out.Delaying results three times does not sound good and there has to be a good reason behind it.
Cora head of IR seems very calm and painting a very different picture to the sheer panic on these boards. Blackrock benefiting from their open short....so far.
Alliance Pharma PLC, down 19% at 26.00p, 12-month range 25.18p-73.04p. The distributor of consumer healthcare brands and prescription medicines says CEO Peter Butterfield has decided to leave the company to pursue other business interests. Following a "comprehensive" search process, it appoints Nick Sedgwick as new CEO, starting on Monday next week. Butterfield will remain with Alliance Pharma until June 30 to facilitate a "thorough" handover. Butterfield joined the board in 2010 and became CEO in 2018. Alliance Pharma also notes that its 2023 results will not be published on Tuesday next week as its audit continues. It says that the details of its January trading update remain accurate.
Agree..and I got out first thing
It looks like there are some issues that auditors are concerned about and are refusing to sign off.
Along with the fine Butterfield was facing a possible disqualification
https://www.standard.co.uk/business/alliance-pharma-boss-faces-disqualification-after-cma-probe-b1022629.html
British healthcare company Alliance Pharma suffered a major blow today after it announced boss Peter Butterfield could lose his job as company director following an investigation by the UK competition watchdog.
Butterfield, who has been CEO since 2018, is set to face a Competition Disqualification Order by the Competition and Markets Authority for his involvement in alleged anti-competitive practices in relation to the sale of prescription anti-nausea tablets.
Agreed - doesn't look good at all. This is going to go down for a while yet before it has any chance of going up. I'm going to wait and see what the new CEO has to say. 'Other business interests' for Peter? Pull the other one...
A bit of a whiff here, I would say.
Ceo leaving obviously for good reasons (and maybe more that we don’t know of yet) and further delays in accounts
I would not describe the fine as peanuts, as it is over £7M. But they do already have this money as a provision on their balance sheet. That said, this is selling off like there will be a placing. Recent lesson learnt from AGFX. Expect it will be touted as positive, to buy something or develop the business, just like AGFX. Price action is too obvious and Black rock have hung on at 1%. Cant see any other reason for such dumping and lack of buying from DBay etc.
The fine had already been declared and was peanuts. It's the appeal we are hearing to learn about. Won't make a difference really either way.
Kirkyrip has an absolutely correct interpretation of the situation, IMHO.
I doubt it's a manpower issue. I expect it relates to the elephant in the room, namely the outstanding litigation. That was supposed to have been sorted by the end of 2023 but hasn't and for whatever reason the auditors don't believe they have the full picture. The fact it is ongoing suggests further legal fees etc and maybe more.
I've sold out this morning.
This set of accountants are beyond incompetence! The company should sack the lot at the first available opportunity. How can it take this long?? Put more people on it if needed! Grrr
Certainly not a good sign… hopefully there is no more bad news to come!
Disappointed that results have been put back a couple of weeks. Smacks of weak management. Far more complex businesses can report in this timescale.
Shareholders deserve some good news!!
The trading update has no bearing on the dividend, which was cancelled over 4 months back in the interims. Even if they wanted to pay a dividend, the largest share holder is not in favour of it. The update is ok, but not great in my opinion. I would have liked to see net debt reduced by more than 2M over last 6 months. Not much to look forward to, according to the board. Lets just hope that this gets taken over within the next year, so investors can see some return. Blackrock are slowly closing short position so we may see some upside in the mean time.
I can tell you one for a starter, the change in the dividend policy.
That seems a positive update. I keep reading it looking for the nasty detail but there doesn’t appear to be one. Dare we hope the company is on the right track at last?
Huge placing here I suspect
On the charts looking frw to the new products launch and year end i feel a rerate is due
Nice rise will be 50p possibly more soon
With IV buying, what is the reason todays sells?