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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
That sold for less than half the value of the placing 12 months back, I am referring to the 3p placing in May 2023.
So the stock is down 50% in 12 months.
There she blows, big print 1.3M
I think that’s a sound strategy. Especially the reading reports. The company managed to bury an HMRC liability of around £1.5m by putting it deep down in a report and I missed it. I think the company has done a lot of positive things over the last couple of years and has generally been transparent, but burying that bit of info felt like they were trying to hide it! Won’t make that mistake again!
OK well, I'll try to make sure my average purchase price stays lower than his then. Oh, and carefully read all the reports right to the end, and not just the fluffy bits at the beginning.
* 5th March even
Yes, something definitely afoot with those buys today! And as you say, a late one from 5th of Jan!
Interesting! Seems like someone has been loading up?
TB has a reputation as a bit of a pump and dump merchant. The other companies he’s pumped have had a ‘revolutionary’ new product. However, they’ve never taken off.
His involvement with CMH is rather different for the reasons stated earlier (old company, tangible products). Personally, the makeup of CMH doesn’t lend itself to a pump and dump type scenario. Instead, it lends itself to a more steady climb from where we are now.
Some decent sized round buys today. Is something cooking
Strange old prints at the end of the day?
One from the 5th March?