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How can you do due diligence if you haven't published your accounts and at such a key time. Not even an advance warning of delay either. The Bidder will revise his offer down or walk away. Forget improved offers this will be lucky to end up with the first. Total shambles.
Yesterday's comments were in the main not worthy of comment, so I didn't.
Clean slate today let's see an improvement.
Fantasy Shark,
it was a thing of beauty watching you get your ar*e handed to you on a plate by the long term posters on that board. They still reminisce about it from time to time, but you wouldn't know would you as you ran away ha ha ha ha!!!
The clever punters on here are the ones who made money while using as little as possible of that most precious commodity, time. He ain't one of them.
"If I was as clever as the megashark I’d have had an average of 65p and could sell out for a mega profit. Unfortunately I am a mere human, while the megashark has the knowledge of a Nobel prize winnner to back him up"
Nobody is as clever as megamouth!
I did find it interesting that this Nobel prize winner has decided to plagiarise my views. Apparently Nobel prize winners aren’t that high above me afterall
https://www.businessinsider.com/nobel-prize-economist-angus-deaton-rethinks-unions-free-trade-immigration-2024-4?amp
If I was as clever as the megashark I’d have had an average of 65p and could sell out for a mega profit. Unfortunately I am a mere human, while the megashark has the knowledge of a Nobel prize winnner to back him up
KPMG also known they have to show they weren’t failing to carry out their checks appropriately because vesa will be carrying out their own due diligence before purchase. Last thing KPMG want is to be complicit in cooking the books
There must be a fairly large discrepancy that needs checking if the auditors haven’t been able to complete their standard checks on time. Somebody has been cooking the books.
Called it ;)
Well, the first part, hopefully the second is just around the corner.
Agreed - only reason for a delay would be to hide the results which are likely better than expected, if they were worse it would be more likely to push through the buy out, a better set of results may see some institutions investors vote no.
There is no smoke without fire im sure it is not a coincidence....
It is obvious that the board want the auditors to fiddle the books so to make the performance worse than it is so the takeover looks more appealing.................Retail investor getting shafted usual.
"It is bizarre isn't it.
I don't think there's another share that attracts so much pointless, infantile and irrelevant chat and bickering on all of these discussion boards."
Oh I don't know! Check out the WOSG board.
That, gives this one a real close run!!!
For what it’s worth…in case this was missed
IDS said this related to “usual standard procedures” but did not say when the results will be published. It is understood that the delay does not relate to any material financial issues
Now back to my deck chair..23 degreas and forecast to get warmer next week.
Relax and chill…
There will only be one winner now or in the future.
And it ain’t the walking moaning militant postie.
It is bizarre isn't it.
I don't think there's another share that attracts so much pointless, infantile and irrelevant chat and bickering on all of these discussion boards.
You're spewing nonsense TheMoneyShark
I sold out as soon I knew that I wasn't going anywhere with the potential bid takeover approval.
So, I sold out last week and was in profit too but not much. The truth is that you don't know all my ins and outs.
So, let's see where the ids stock price will end before the bell rings out. I'm suspecting the trading update Rns to be
published later today or just after the bell. Be prepared for tomorrow bigger fall just after 8am. That's where I will be
sitting watching to catch my cheap ids shares. I'm calling for tomorrow share price opening of around £2.98 for starters.
Looking for insight amongst fellow investors but all I read is ego's bickering.
TheMoneyShark
You and your followers; the ones that click on your recommend blue tab will soon be feel the effects of falling into the sub £3pounds territory. Be my guest. I'm not invested in IDS, but might take a punt if she goes below 3quids
I would be getting all of your ducks in a row before the next company Rns is published
Should had listen to NoFear. Strong Sell Advisory Still Intact.
Take your picks form here guys.
Call me mentally challenged. I don't care.
Hats off to the management and kpmg here 🤣. Not a catastrophic collapse in sp but enough to spook the market and make Kretinskys bid look good value. Stick with it everybody. 😁
TMS - I think it is perhaps KPMG being uber sensitive in a takeover situation. However, it does smack of their internal risk processes catching up with something that may be “soft” in the accounts - if so, almost certainly the balance sheet. Impossible to understand why this problem has only been identified now.
Also RM have been leaderless for a year now and it's taken a ftse 250 company a whole year to find a CEO
Incompetent
It is indeed very odd. Auditors have started to get a bit tougher in the last few years and delayed clearing accounts. However, it has been in relation to very much smaller companies on, typically, AiM or those that have been highly acquisitive eg Sorell’s S4 where accounting disaster is usually not far behind.
IDS’s financials are not particularly complicated - pretty simple balance sheet which is key to auditing accounts. So it is difficult to know what KPMG is up to and why no notice. They must either be arguing with IDS over a particular issue or have been utterly incompetent.
I never expected the numbers to be the problem. I thought it was something around the messaging.