Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Peel Hunt. Seems to seriously think development layoffs won't impact earnings.
Liberum. Raises forecast loss from £4m to £14m.
Well Yank/Big Little?forgotten the other names, seems it can't get much worse! Are you happy to see this possible turnaround, or do you feel your 10 year vendetta is just getting started?!
You do seem awfully cross with management. It can't relly all be because of the Elite:Dangerous Offline decision, can it?
"Management should have stepped in much sooner though, took them an age"
Management stepped in as soon as thier stock options went worthess. As RNS shows.
This board rewarded CEO and CFO with obscene payouts, for cooking the books. Then now an audit forces a crippling amortisation, it rewards them again by leaving them in post... to sack innocent workers.
Board should sack itself.
Swedbank Robur's continued dumping is confirmed by a TR-1 RNS this morning.
I would say this though, if anyone is short on a £100m company they're absolutely wasting their time if they believe posting on these boards will make one iota of difference. I would laugh my a ss off if they thought they could influence the sp by posting the odd bad review etc.
If that's addressed to me I don't really have an opinion on shorts either way tbh, people on these boards get very worked up about them but it's a free market so of course people will be trading either direction on any given stock.
You are aware that shorts are trying to cover here? I’m a short myself but missed this one. Anyway, you’ll see explosive moments as they smashed it all the way down. Company delivered a good message recently so don’t be surprised by this covering. Management should have stepped in much sooner though, took them an age
Could be time for AAAA1111 to give up his crusade
F1 Manager 2023 PC and Xbox versions go free on game pass from today.
Flopped games typically take about 6 months to go free. F1 Manager today sets a new record of 3 months.
Shore cap upgraded from sell to hold.
Yes Temuchin, the trade of 10,544 shares at 16:35. But no it is not a buy. The London Stock Exchange data feed shows it to be UT not buy. If your feed shows buy, you might benefit from switching to an accurate feed.
Regarding the basis for conclusion being a single trade, you can see a repeat occured today, Wednesday. I predict you will see the same tommorow, and indeed every day until these major investors have completed their FDEV dump. At current rate, this will be approximately two years hence. Meanwhile uou will see the dumpers identified as Swedbank Robur and Invesco in Frontier's next AIM R26 update, just as they were in the previous, in August.
Shame in a way prudent's calcs are nonsense, if they were true my holding here would be worth 7 figs too!
Agreed, that UT was not very exciting in reality.
It is a bit annoying, but it seems that when the trade price is entered in pence then the value shows in pence, but when the trade price is entered in pounds the value shows as pounds.
Anyway, good to see management take the action needed for the long term health of the company. happened quicker than i expected tbh.
Them calcs are not terribly prudent!!😊 Prudent
GLA
Earlier today I wrote "Whether today's announcement will be any remedy for that will be revealed in 1min - at the 16:35 dump slot time."
And the dump happened. Regular, daily 16:35, trade type UT. Todsy 10,544 shares, 2,425,120 GBP.
With high certainty, I conclude that the exiting major stockholders Swedbank Robur and/or Invesco are continuing the divestment which has driven down the share price in recent months regardless of today's turnaround plan announcement. I will of course observe at the same time tomorrow.
"A UT buy". A misunderstanding.
Investors Chronical explains UT well.
Many private investors don’t understand how uncrossing trades work. This means private investors often miss out on the best prices of the trading day. Furthermore, this lack of understanding costs them in terms of execution as we can use the uncrossing trade to work better prices.
This article will explain the uncrossing trade, how an uncrossing trade works, and how we can take part in the uncrossing trade.
What is an uncrossing trade?
An uncrossing trade is where buyers on the bid and sellers on the ask match together in a single trade at the end of an auction period. The uncrossing trade shows up with the trade code “UT” on the London Stock Exchange.
Nothing dumped tonight
A UT buy
They will drive this up a pound or so one would think before selling into rise £3.25 will be my exit hopefully for a very sweet profit
GLA
Then todays news and not news would be encouraging.
I believe Frontier's biggest problem is loss of confidence of its major investors.
Whether today's announcement will be any remedy for that will be revealed in 1min - at the 16:35 dump slot time.
It has been hard but I waited. Let's hope that now the only way is up
Doubt it but a reduction in remuneration seems appropriate given the widespread disruption to the workforce. After all their executive share options should compensate them handsomely if they get this right.
I have only one question about today's news. Will these redundancues include the CEO? And the CFO, paid £1m p.a.? And the others responsible for mismanaging the company into this clusterf*ck?
Decent price action today, encouraging for those of us who recognised value at the lows. Particularly good to see management seem to have woken up and recognised the need to cut costs during the downturn, and they're not at all hanging around with that timeframe.
I normally do the opposite of Peel Hunt but in this case their target price seems spot on by my calculations.
That club would necessarily include biggest shareholder and ex-CEO David Braben. I'd be amazed if they found anyone dumb enough to give more money to him, let alone to a club of people dumb enough to back him.
Keep in mind, every AIM games company that previously did this went bankrupt soon after.