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Oh I agree NS20...this is a cultural issue that was driven by the top. Hamish Patton. That is an absolute. GJ talks a lot about the team and this is a massive thing, because you need everyone doing the right thing with the correct mindset. My view is that Hamish was negligent and lazy not bothering to react to the new FOS guidance and allowing business as usual. This was however the case across the whole sector, so I have some sympathy for BODS and for Nayan who could be a different beast with a new team around him. It is very difficult to mobilise a workforce into a new mindset and way of working which usually comes from an external shock and rarely happens voluntarily. GJ knows what he is doing but then I expect GC did as well, so I'd love to know what the difference in opinion was. I suspect GJ was less willing to rock the boat with the FCA. I am hoping that he can see a way through without spitting the dummy out and facing off to the regulatory body as there will only be one winner, unless you want to burn another 2 years up fighting them through the Tax and Chancery Tribunal. This is the quickest path back.
ns' --- there are more of the 5000 sales lined up on L2 now as well as the 3522 ones. Like you said yesterday, this is being held at this level. All of those small sales lined up 0.02p apart ! They do not want this to have too high a level when good news hits, the lower it is the easier they can hold it or pull it back down.
also take the 10p during today back. . . It is looking like a repeat of yesterday. .. SSDD
HI Franky, that is a fair perspective . . . a new CFO with a track record of recovery, might help. It is difficult to know for sure whether the current CFO is a good CFO or a poor CFO. We have heard many negative posts and the attitude of JB. I take the view that one person cannot have sole responsibility for the current position. It is surely wider than that. Would Gary Jennison, leading the team make a difference? Lets see. . .
Cheers Seamus. It was a dull meeting!
I know GCN and you won me over before the vote re JB :)
Vorag- Funniest yet mate
Peace seems to reign today on the board. ahhhh....bisto....
ns20..the call for Nayan to go is really about wooing the II's back. I do think its hard to have a CFO tainted by the seismic destruction of business value, effectively being part of the SMO to charm back investors. This is better done with a new face and someone with city connections who has reputationally not been through the mill and has been a success. It would help the line being drawn on the past.
Seamus you know full well my opinion on JBs overall gameplan. Doesnt mean I cant agree on the nayan and roger issue. I think even the derampers agree on them.
LOL. Thought you didn't agree with JB :)
ns20 The Nayan issues started before my time but think he's weak and shouldn't of let Amigo get into position they are in today. The longer term holders will have a lot more knowledge than me on the Nayan front
What I do know is someone is responsible and should be kicked out. But saying that, would we all be here if this hadn't of happened ?
Basketball and plant pots.
This thread seems to house the more sane and rational amungst us. Why are there many comments calling for Nayan to go? What is this all about?
Well at least the pondlife won t jump in and accuse us hardcore of holders claiming 50p by Christmas Etc Etc. Etc. Not that i can read what they re on about! I still think 1pound+ by this time next year Rodney...just a longer time to get the momentum. I think the next RNS will be a major leaver and joiner on the BOD. Thats not yet done!
Yep, no controversy at all there Franky. I think that is a fair assessment. My largest holding this and has become a long term hold. Still averaging down here and there when I can for as long as we dawdle without news. There'll be a chunk left in here waiting for dividends in 2021. 15p by Christmas would suit me fine if it's stable.
Yeah good realistic logic Franky. Sometimes the news we thought was game changing hardly affects the SP. Just another step on the ladder were climbing I suppose
15p at xmas wouldn't suprise me at all, but if we did get lending again and claims under control news I would expect lots of investors to jump back in taking us to 20-25p+ spike then profit takers will go and we will drop back until news on actual business performance
Lets just have our fingers crossed that one of us is right as i'll take any of these predictions lol
Franky , I think you have a good basis there , don’t disagree much at all really ..... I want this to trickle up nicely not pump and dump but I do think a little more than 15p by Xmas , I have the feeling of depending when they start lending and the pr exercise as in advertising maybe 25-30p
Ok controversy time. I m thinking that relending will leave us underwhelmed. Definitely a bump up but i reckon 2-3p only. I think the rises will come steadily around 6-8 weeks after as we get a sense of volumes, returns and defaults etx. I think we need 2Qs of BAU to get predictability. That still means 30p + by spring and then rapidly up as this snowballs. So many investors will be happy to join the party later when the risk is largely gone. I don t expect fireworks and will settle for 15p by Christmas.
Nothing to see here until news
All we can do is set our RNS alerts and wait
GLA
Scrambler , all us old heads here know exactly that bud :)
Thought you filtered me, more bull5hit lol
Casper!
Who ya gonna call? ........ghostbusters!
That's jinxed it, what ever scrambler says is usually bull**** so 10p won't happen
Morning just watched CEO's video again and I firmly believe with him at the helm and new NED's we are going to progress well,albeit not as quickly as i would like.
News on re-lending will drop soon and then 9p will be a distant memory
Agreed.
Potential sellers have been shaken.
Next news will be about lending restarting.
Lots of long term risk here but short term recovery due.
Have taken a decent chunk as I expect 10-12p in short order.
IG