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No words.
Same as all the rest of these piece of sh*t management on AIM.
FFS!!!
What a joke.
Literally undermines everything that has been said in the last 4/5 RNS. So much for 'in line with expectations' and 'return to profitability'.
Only now raising prices aswell WTF?! ... No wonder CMH cant make profit on £20m revenues.
Some fair and valid points Dartron.
I would say to keep an open mind about the CFO. This company has been on life support for many years, and he has managed to keep the lights on. This company has virtually no money, it had huge debt, pension deficit... While we are not out of the woods yet, I think we should not be so hasty to say he hasn't achieved anything.
I cant say the same for Kevin, and I had no idea that he was here before it all went wrong. Unbelievable that he would keep his job this long. I honestly do not know what he has contributed in the last few years?
The issue with the old board is that no one else would buy shares. Even Kevin Price wont buy any. That tells you all you need to know about the company. CFO leaving is concerning. Large sell may have been connected. The RNS should have been the other way round. CFO leaving is the big news. Typical Chamberlin burying things again. To say the board are a drag on expenses, maybe it is the other way round. Perhaps the CFO can earn more else where. I mean Chamberlin doesn't have any money to attract any talent (see above re Kevin).
I really wish the news flow had been otherwise, and I was able to sing his praises, after all I have paid his wages.
Strange how these folk always leave it same time.
Hopefully the CFO was shown the door politely.
I am going to take this as a sign that TB thinks they are now in a position financially where appropriate new people might actually consider applying /an approach to join the leadership team.
Ever hopeful...
My view is that all of us here are significantly under water. The SP has been decaying for some time, despite the positive outlook.
I’m not going to sell at these levels, so I’m all for the company getting some new blood in with some new ideas and contacts.
And as we’ve seen, IIs are keen to pick up available shares
I wouldn't worry about any stock being dumped by them down here. The holdings (like most of our positions) are of minimal value and would get absorbed without too much impact.
To be fair, despite being invested, they haven't created any value have they? KBW was in charge of SAAB and Smiths industries and would have extensive contacts to create new business.
Time for a different approach.
I met him once and he didn't impress me. This was just a comfy bit of pre-retirement income for him I think.
Yeah i dont think is a good thing at all,. these people all had interests in the company, they might start sellin shares and drag share price down further. so much for all the steps taken to get this turned around
I have to agree there.
I think the Board was stale, and a drag on expenses.
We need fresh ideas, and strategies.
Good riddance to the CFO leaving.
I was always uneasy as finances have been a mess and also his CV, he was at Carillon for years and we know how their finances went.
Well folks, what do we make of all that?
Also, can someone explain why the entire Board (or what's left of it) is structured on a non Exec basis?
I hope William Black Can start to put some pressure on these guys. The BOD's lacklustre performance and treatment of share holders has crashed the price. Glad to see the largest non connected holder to keep buying, hopefully to have some clout at the AGM etc.
Looks like a few more picked up today
That RNS is only for one of the 8K (500K shares) block bought yesterday. I imagine we will see some more from today's purchases.
Not sure who sold but First Equity picked them up by the looks of it, which can only be positive
So First Equity have increased their holding a bit. They obviously see potential
I tend to agree with you.
Would love to know who's dumped the stock though.
If it is a margin call, or a change in circumstance then great. If it's institutional, then that would be of concern for both parties - as the actual value of the transaction is minimal from an institutional point of view.
I did wonder if it was the Chelverton position. But, the figure doesn't quite tally exactly from my figures here.
The fundaments have been unchanged since the Interim results. It's just a matter of confidence, imho!
Another trade posted late.
It looks like the shares sold in the big print have been bought up
A couple of decent buys and what looks like a whopping sell.
Can’t explain why we keep dropping given the positive factors in play.
Makes you feel that way doesn't it.
Maybe it's one half of a Tax trade - end of year and all that.
Bloody nightmare this stock.
Wish this would just hurry up and put us out our misery