George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Lol audits. Wirecard.....the auditors never checked bank statements for three years it is claimed.
This was not part of the plan. You put your money in a property fund and they go bust? It smacks of the City setting this up, promoting it, loading it with debt and stripping it. Ending up with billions from pensions. Easy money.
Why not buy an Xbox console you would definitely be consoling yourself then lol
Gfrd . No debt , circa 100 million cash massive order book. Currently sp at support low
Yup, buy from administration - much cheaper! That said, still interested on seeing how to make these profitable. The world of shopping has changed in a big, big way.
Yup. Was at 13:43 when the RNS came out.
Suspect any acquirer will want it done through a pre-pack.
Official now - entered administration
Was your comment tongue in cheek.....off shopping!. It’s like saying you will go on holiday to get over the Flybe issue...Lol.
Short sellers filling boots.
"13 foot squirreling pole" LOL
Next roulette table
Keras Resources - news will be coming through in the next couple of weeks.
Never and ever buy any company with huge debt . that is my lesson .huge debt going very quich to collapse and lose money .
Boris money bus to the rescue.
Hammerson going down with this as you can see, ripple effect but pity Hammerson owners though. Greedy Directors and people losing confidence in whole lot costing them through no fault of theirs.
Hammerson shares
Could someone still come in a make a takeover bid before midnight tonight?
ok, going shopping to console myself lol.
At least i can get on with my day now instead of watching the board.
Sure their will be plenty to discuss later and we will learn a great deal about admin.
I usually say at this point "you dont lose money on AIM you just buy experience"...
but considering i did the same with MTV my money was not well spent on there was it lol.
Now what to buy to console myself?
I also lost money on this one 50% loss. I could kick myself as left it until yesterday before selling. It was always a gamble.
The one lesson I’ve learnt it don’t read this post. Nobody had inside information and some of the media reports were clearly guesswork. Oh well back to the day job...
Lol audits. Wirecard.....the auditors never checked bank statements for three years it is claimed.
I'm not in a position to give advice to anyone but perhaps you could consider investing in a company that carries much less risk rather than risking money on another boom-or-bust company? Don't expect a five-bagger in less than a year or two, otherwise it will end up just as it has here.
The likes of SNG are just like INTU: if the results are good then it will double or triple but if they are bad or inconclusive, it will drop like a lead balloon.
GGP is a good opportunity but it probably won't do more than five-bagging, and you'll need patience. If, as most people here, you only had a small punt on INTU and you need to recover that, then GGP is an excellent opportunity to do so.
Another solid share is BMN: again, don't expect anything tomorrow. You'll need patience it the company is profitable and has weathered the Covid pandemic amazingly well.
As usual, DYOR!
All the best
EP
Matthew Roberts is an absolute disgrace. There is no way this should have happened if he had moved quicker
In every single update Matthew Roberts gave the impression to shareholders that everything was under control and heading towards agreement
He even produced a schedule showing how payments could be made. Even in that he kept hidden the toxic deal on DERBY only disclosing the total income not INTU's miserly share
So desperate as not to show a small book Value loss on his 1st deal as CEO in April last t year he agreed that toxic deal for 50% for £186m on INTU DERBY
Guess INTUs 50% share with the top slice is probably worth less than £30m
The waterfall arrangment now a sinkhole
I lost my gamble. Could have cashed out with a 68% loss but went for the 100% loss instead, ha ha. I'm sure I'll make it up elsewhere though. Keep. Fighting the good fight guys.
parkez - well said.
They have literally appointed KPMG parkez. Sorry for your losses this sucks.