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Not ideal but would hope its imminent or we get further guidance soon.
Newgrange you are beginning to sound like a kid.Wait to find out what they say before making an investment decision.
Don't believe the 'compassionate leave' c r a p either
Yep they're now taking the p*ss. Doesn't inspire confidence going forward. I'm out when it starts trading again.
Starting to look silly now
After hours RNS? Or maybe tomorrow? Or Wednesday? Nice the way the BoD keep pi's informed....
They're really making us wait. A simple update would suffice.
The last intra day sparked a surge
If they knew they wouldn't be releasing the results at some stage today you would think an RNS would have been issued pre market open to say there'd be a further delay. Why wait? Here's hoping the results are being signed off and we'll hear at some stage today. Could drop at any time.
Second that. An intra day RNS is the least we can expect given the expectation of results 'by 30 April'. Ah well we'll just have to wait.
Absolutely but I do get vexed when they always underestimate the time needed. Just add a couple of weeks on so you don’t have to keep coming to market.
Now we get a intra day RNS either with results or another delay!
Trek
Thoughts and prayers with the director as compassionate leave doesn't sound good. Puts things into perspective really.
“ Roadside now expects to publish its results by 30 April 2024, after which the Company expects its suspension from trading will be lifted.”
They have a director on compassionate leave.
Trek
Just realised - could be Tuesday which is the 30th!!!
Tomorrow or Monday it is then. Can't see an after hours announcement today although anything's possible. I'm still optimistic that there are exciting times ahead and reassured by the fact that the directors hold majority of shares so they have every incentive to deliver.
AIMHO
Did the company need to do this deal ? Why not roll the existing arrangement.
Very true the Dicksons are doing well here. They've done alright with the Verso deal and the coffee mbo prior.
Scaling quickly still looks to be an issue to me. Meadow could have got this far on their own.
Tnx Trek/Cawdor for your insight. The two main positives I take here is no discounted placing and the fact that the directors have major skin in the game so they're unlikely to inflict necessary pain on shareholders as they hold the lions portion of shares!! I expect many more announcements to come as the transition to the roadside project will take time but all the ingredients for a successful nice enterprise are there. I just hate share suspensions but the delay in the accounts has been a major theme in the market recently so its hardly a big deal.
GLA
Just refinancing. Of the 9m only 800k is for working capital rest is to pay debt with debt on better terms keeping it within the family!
They have added in the CSS sale (RNS 20th March) to further reduce debt and provide working capital.
Looks like a sensible way to spend the windfall avoiding equity dilution. Would rather they got rid of another lump of CSS though to further reduce debt but then the redemption terms seem quite onerous in favour of Dickson. There’s always something with these ‘nepotistic’ deals but with the Dickson’s owning 53.91% of the company and holdsworth adding since the Nex listing at much higher sp; I think this package will be fine esp given directors are in at higher levels.
Could do with some more divestment news though to claw back to the 20’s!
Usual caveats
Trek
I think the best is yet to come. Do not be surprised to see both a share consolidation and an equity raise. The cash they want to scale isn't evident in this rns
At least they didn't dilute ordinary shareholders with a placing at a huge discount like a lot of other companies have done. Raising capital at the moment is very difficult. Also, Meadow Partners are a massive outfit and they wouldn't link up with a small outfit such as us without being impressed with what they see. There's also the sale of CSS and the portfolio of pubs/restaurants. Anyone care to comment in case I have drastically missed something??
It's not going to be good.
I don't see anything untoward in the RNS other than the fact that all debt is now fully serviced and opens the way to the JV with Meadow which is amutli billion dollar company which already owns properties in the UK. It's the release of the audited results by 30th April I'm looking for asap and the lifting of the suspension to see how the market reacts to recent developments. Time will tell.
GLA
No chat on here today after the RNS says it all really.
Really ought to be next week although if we're lucky could come Monday morning. As long as it's worth waiting for is all that matters.
GLA
The 2022 AR makes interesting reading. Company listed on AIM right before covid struck which was very disruptive but that's over and they seem to have big plans i.e to achieve £220m annual revenue from the roadside sites. Pubs and sleep science businesses to be sold off. This looks a very exciting business and I'm in as it looks to have huge potential. The directors et al own the majority of shares so they have major skin in the game.
AIMHO
This company is mega lolz