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Was this sale announcing a joke ?? it looks like ..What is this BOD made of??..
bought 3000 more @ full 45p
can sell in some volume @>43p
difficult to buy
seems asymmetric play
Is the report due today?
Is taking forever ,,,,,
new are due very soon ….Should be goof finalizing the sale ??/
Correct me if I am thinking wrong, but the retained earnings are indeed old taxed earnings. But since 2013 the total accumulated losses is around -£5.7m, from which they should be able to have tax carryforwards, since they paid taxes on all earnings up to 2013?
Rns says sale of warehouse and they are leasing it back. doesnt sound like another purchase.
Is the other freehold property their offices?
Perhaps something similar?
Share attraction perhaps long term although it has disappointed for the last 10 yrs
your are sop worried ..All your posts is about this ..Your desperation is getting stupid .One minute is to much tax ,next minute as someone said they may have accumulated tax losses you say there are none .So even better ..16 MILLION IS TAHT HARD for you to se where this is going |???
The bigger question is how much they'll eventually splurge on a new warehouse and whether any excess is returned to shareholders. Doesn't sound like the latter is on the agenda for now but you'll have to be very patient and hope nothing nasty happens
9.422m retained earnings at last b/s. Why does anyone think there are tax losses?
Profits on prop disposal c 10m so you'd think a couple of million will go in tax IMO.
Thanks ninja, sounds very reasonable. But then with 5+ years of negative results, they probably have quite a lot of tax losses saved up.
UK companies pay Corporation Tax on property disposals, not Capital Gains Tax.
45 the bottom.
Moving up now imo
unless they have some tax reliefs they can offset it against...
capital gains tax of 20% on net proceeds, i.e. £10m from what i gather
My wondering as well, anyone got tax experience in these type of transactions?
If they just would do a large one-time dividend or a large repurchase. I am not thrilled with "The proceeds from the Sale provide more tangible support to our business and the future development of our evolving strategies."
Eezy...peoples like you are disgusting ….mm de mer..
Grabbed myself a bargain this morning, thanks for the heads up.
I wonder how much tax they'll pay on the profits from the sale. And whether they'll simply reinvest the proceeds in a new facility (they'll presumably need somewhere in 2 yrs time). Can't see this going much further north without an indication that external shareholders will get some cash return. Delist possible too with boss man owning 60+% from memory
Crazy cheap - 96p NAV!!
Cash alone is around 72p. No debt to manage means cashflows hit the bottom line.
This is very cheap. No buy prices.
whoever said the market will value it at what it's worth... you know the game. If everyone gobbing off about it having another 50% left in it was holding... who's are these sells coming through lol.
Not saying it won't go higher, just ignore the rubbish people come out with on here and twitter. They'll be selling as they're telling you another X% rise is nailed on tomorrow. Then they'll go quiet.
What's it worth?