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Only 3 days to go before the big Q&A.
Did you all get your questions in?
3CB- Yes you echo my own sentiments in regard to the delayed interims, this generally is a negative sign in most cases. Yes 7 months is more than enough time, not only to come up with a strategic plan, but to actually start implementing it.
The simple fact is the previous poor excuse for management put most of their eggs in the eneo basket, instead proactively trying to get more customers on board. If it's so difficult to actually sign up new paying customers, in order to run the operation so it produces a profit at the end of the year, maybe they simply do not have a viable commercial business. Even if we get part or all of the monies owed from eneo, it may provide a temporary small spike in the SP to maybe 5-7p, but it won't materially change a great deal, apart from providing maybe extra year or so before the money again runs out. Unless there is a signed guaranteed deal on the table, no business will provide further funding to this outfit, period!
Either YF Finance were conned into investing £13.5m 18 odd months ago, as the whole business is now only worth about £6m, or they are playing the long game when us small shareholders will no longer be part of the equation. It seems a little odd to me that a private finance firm would invest that amount of money in a company with declining revenues. Did they put Mickey Mouse on a retainer to undertake the due diligence and risk analysis for them, as there were already issues with eneo paying on time?
I feel only a best case scenario will be enough to turn this around, and LTH's who have averages below 20p may be able to recoup a portion of their massive current percentage losses.
Unfortunately hope is all we have now, as we know from bitter experience here, that we are proper f*&ked based on expectation.
Best of luck all, I feel we're going to need it!
That is a difficult one Danno. I have been both hoping for and expecting a strategic review yet we are still waiting, 7 months after Roy Kelly took the helm.
I suspect most would not wish to provide a list of their expectations as opposed to their hopes, as the list would probably be negative.
I suppose people could come at it from a perspective of what they would expect to see for the company to be viable and indeed to survive.
One thing all LTHs will know from experience is that the longer we go without an announcement, the worse it is when we finally get one. And it is not unknown for the negative announcement to refer to happenings from some while previous, for example, eneo non-payment
Would anyone like to share what they are expecting, rather than hoping for?