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Buys still coming in ,, bring n the news,
Nice buys showing, happy Monday.
Correct.
If you want to increase your holding down here, then buy them in the market. There's nothing wrong with that at all.
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Price range at the moment is 4.8 - 4.9 though.............could make more sence to buy in the market???
If it was a buy it would of been way over the ask…honestly you don’t have to have a degree to work that out. Anyway I’m now being offered to sell at 4.65 so as I said let’s hope the bottom is in and we bounce a little.
Calm down AT - I am the latter of what you mentioned. I don't know but I lean it was a buy you think it's a sell. I can't prove it can you?
I can't yet see any evidence of a bottom. Have R&M stop selling? Are the Biles family buying shares? It's tempting to think that all the news is out, but what if the results are terrible? This continues to be a falling knife.
Contrarian !! ? You think that the huge 2.8
Was infact a buy ? It’s been a worked sell and way below the ask or other sells around 4.50 to 4.65 . Yes the shares have been brought up but at a much higher rate and probably over a few days hence the difficulty in obtain quotes to sell (at times). That’s how the mm’s make their dollar. To suggest it was a buy suggests to me your a desperate ramper and completely oblivious to how this works. Let’s hope the seller is now out and the bottom is in.
That's a good thing right? Fair enough they may decide to dump it at 5p - It could be the soon to depart CEO - maybe a way to pay him a bonus who knows.
Look at the prints during the day and the prices.
Loads of price action way above the 4 level, and someone came in and bought 2.8 Million at 4 - from who?
Stock doesn't magic out of thin air.
How can you tell it's a sell? Because LSE says so? Give me a break. There's auction there's DMA this could well be a buy. In fact I would wager it is.
100k at 4p?
Sorry, life is too short to trawl through the trades to find a 4 grand print where someone has been right royally mugged off.
I can however see a decent print at 4 in £100k of stock which is slightly more interesting.
But, let's put that into perspective. The stock traded 6.6M shares today VWAP 4.43. Someone out there (with a proper Salesman or Broker) picked up the phone to the market and asked the price and size of the market, and subsequently hit the market with 2.8m at 4p. That's how it works, there is always a price - unless you're just sat there with everyone else trying to chip away on the RSP that's shall we say is a little one way in direction.
Anyway, putting Handbags away for a moment, did you manage to Buy a chunk of the 4 stock?
Tosh ? Look at that sell 100 k at 4…now that’s utter tosh. Clear out is still in full flow.
Firesale? Can't get a price to sell?
Oh dear, how sad, never mind.
Utter tosh.
Firesale every wants out….can’t even get quotes to sell.
Donald Brown was there. This article references the restaurant owner who confirms as much.
https://www.law.com/international-edition/2022/06/22/restaurant-owner-slams-inces-probe-into-management-teams-obnoxious-behaviour/
I said that the father left on the grounds of this incident. I was mistaken. However, Brown was in attendance.
Long time since I was on here. Was shocked to see share price at 5p. I bought at 20 and sold around 65 but there was a time when things looked really back on track and that they were over the worse and the transparency they brought to the announcements re covid would be rewarded. Reading between the lines something is really off in Asia and HK in particular. Perhaps Paul Ho was out of his depth. I wonder whether the issue out there is collection. Billing looked great but have their Chinese clients been paying? Is there a black hole in the accounts? There is a scenario where Ince divest themselves of HK. It has its own partnership structure and perhaps it will be left to the partners out there to sort it. HK was the first overseas office that Ince & Co (ie the legacy firm) opened. It would be huge if it went. With more redundancies will come more resignations. Even Stephen Jarvis has left and he was a tied to the mast sink with the ship kind of partner. Seeing Ince articles relating to Dog Walking and Surrogacy are not your average out pouring of a city firm. Like Knights you have to ask whether the model of hoovering up distressed firms works. They are still distressed firms.
Throw in the hack which crippled them and is said to cost 4.9m and none of that is good. They even market themselves as cyber experts. That must be going well. Why is the insurance not paying now? What is all that about?
Someone also needs to ask if Donald Brown was at the Cardiff restaurant "that night" and what role he played. Otherwise that is another grenade to go off.
You have to believe that the backers will put in more funds if nothing else to bring down the average of their shareholding but be in no doubt this is a mess.
Or indeed to literally merge with more employees
Good thing he has a newly introduced team of lawyers at hand and divorce lawyer (x2) already familiar with the case notes
Reputation permutates beyond employees, suppliers and customers yes but the broader market too. No doubt the legal minds employed at Ince will be as confident as the buyers of the stock that Donald Brown is the man to turn around the business.
Stxx, it’s below 5p , 4.83 to sell, still ramping or have you changed your tune ?
I think you are confusing reputation with pride (Fuller's London). Find any Arden employee, ex or current to suggest otherwise and you've found something quite special.
With the current liabilities to cash balance even post placing, he's going to need more than dutch courage and the female touch to save this company.
Sorry for getting emotional, I think other shareholders should also chill about the 90% drop in value 12M.
Yes and with Ince at 50m and Arden at 4m, then, to the majority ownership of Arden; the insiders (directors), it seemed wise to have the cost base haemorrhage stemmed by Ince. Every other person, myself included on the outside could see what an appalling acquisition this represented to both parties.
With respects to the 'synergies' that Ince suggest are possible:
1. What will Arden represent as a company, profitable or not if there are no staff? There are quite literally a handful of people left.
2. As per my previous analysis, there is no deal making to be done for Arden now they have lost their NOMAD. This is evident on the Arden transactions page. They have done TWO TRANSACTIONS in the first 6 months of this year. Last year they did ELEVEN TRANSACTIONS in the first 6 months.
3. Who in their right mind would take a job at Arden now?
4. They are left with a very expensive market making function (also not profitable given volumes) and expensive regulatory costs associated.
So yes you are right: Arden has massively reduced its cost base, but not as a result of 'synergies'. As a result of all the staff leaving, no revenue and net net massive cost to both Ince company and shareholders.
If Biles did such a brilliant job acquiring Arden why did he go and if Arden was such a brilliant acquisition why has everyone left and why have they raised 11m. Assuming a 4% commission, that's a little over £500k. There is no sticky revenue now, given no NOMAD. Can it be any clearer???