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And it's really taken off today!!
About as many times as you have gotten away with ramping :)
Same old 4 corners! Always deramping! How long have you got away with this!
Someone is in a hurry to get out before the earnings....
@ MCatee - as part of my deramping series, here is the tweet that offers a clue as to why this hasn't moved so far.
https://twitter.com/marben100/status/1424521282503184390?s=19
For the record, added some last week
They need to be published within 3 months of the end of the reporting period, so anytime from now until the end of Sept. So, within the next 9 trading days.
Am I right in saying that the results are 29th September?
Top man! Nice to have a bit of positivity on here!!
Makes a change from the derampers!
Increased by 250k here today, on the basis of the (eternally) imminent half year numbers.
With Covid ‘gone’ and oil prices rocketing, we should have some great cost savings allied with increased utilisation and revenues.
It’s been eerily quiet recently and the worry is that they’ve something up their sleeve to batter us with, but maybe there will simply be a positive update that will kick us on to 6p and beyond. Fingers-crossed…
I hope you are joking that the longer the delay, the results are good.
I thought it was 90 days.
The longer the delay, the more I think it can only be because the results are good!
I hope they do not do unnecessary write downs and provisions to take the gloss off!
Believe its 80 days from close of the reporting period?
They have diluted the crap out of all institutional investors that it will be hard to convince them to come back. Lowball bid might not happen - why get Mazroui guy on the board if the plan was to make a bid.
This might be completely rubbish - but is there not a regulatory deadline of some sort to report H1 results by end of September? They are not idiots. No reason why they can't publish a reporting date. One has to assume they consciously choose not to. Any why would that be? To frustrate everyone, keep share price down, etc. And then come in with a lowball bid. Time will tell, and I hope I'm wrong.
We are definitely not de-ramping. Holder and buyer at these levels. I definitely hope that the lid blows past 10p before the end of the year so that we don't hear "the lid is about to blow" in January
Obviously I have the right to be frustrated at management when results aren't out 2.5months post the half year mark, especially when I think that it might help to move the lid little bit. Its almost as if they don't want the price to move!
This is about to blow. Lid can't be kept on for much longer even with the blatant de-ramping going on on this site
As someone pointed in another forum, it's pathetic when the company puts out an RNS for a software purchase....and even more so when first half financials are due big time....
and someone (with few hundred thousand stocks) decided today that he/she/it does not want to wait :)
Yes, looks like market is saying "show me the money" and your intention. SF and Mazroui own combined 56% now - so they will get any resolution to pass. They always had 50% of the votes anyways, so really hard to gauge their intentions
Agree with 4C on this. MCATEE - I think few doubt the fundamental merits of the business and the turnaround story which you rightly point out. That's why I'm invested here to begin with. Question is why the market has not yet recognised it, as this is all public knowledge. I suspect the fear is around ultimate SF/ManCap motivations. Are they truly aligned with minority holders. Probably not entirely. Will there be an attempted low-ball bid at some point?
Highly possible. Ultimately the market is clearly taking a wait and see, show me the money first approach. That may take a good year or two. Plus there is also the dangling dilution knife of a (still as of now officially required) $50m equity raise by end 2022. Let's hope upcoming H1 results slowly begin to change the market sentiment.
Let me explain slowly. The next 3 sets of half year results will show cash generation, positive EBITA and hopefully a return to profit. That my friend is what will turn under valued to fair valued. Another way would be a bid by the 29.99% shareholder! Now repeat that back to me!
Haha........gasoline on this stock! No one here denies the undervalued nature of the stock. AA has deep knowledge about the stock and capital markets. But we are lost for how/why the "undervalue status" would change to "fairly valued", with all the information that you said already being visible to the market. Perhaps ramping helps?
If you fools cannot see this is a seriously undervalued stock and the next 3 half year results (first of which is due in next 20 days) will set gasolene on this stock there is no helping you! Is there any life out there other than these dufus?
"Sales good! Future sales good! Utilization high!Rates higher! Costs lower! Interest reduced! Booming sector! Refinancing complete! Shareholders stuck on 29.99%! Asset value way above share price! £25M off debt! Strong ebitda generating cash! Fixed assets conservatively written down in 2020 accounts!"
AA2020 stop being negative and calling me a ramper and state what is not true in the above or are you a blind man?
You didn't say anything that the market or investors don't already know.....perhaps you can enlighten us as to why it is not yet exploded since all this info is out already
What isn't true in what I said??? Dont call me a ramper d1k-head!
sounds like we've got another ramper...