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7am Monday , so a interesting week ahead .
Oh I told you so
Taken from last years results.
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Total Assets of £39.7m at 31 March 2023 (2022: £42.7m)
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Net Assets of £29.2m at 31 March 2023 (2022: £32.8m)
Not looking good for saietta if their employees are looking for jobs. Really bad
0.65 buy 0.55 sell
Damnnnn, spread at 60%? Was 33% when I last looked so still huge.
Even if I wanted to take a punt here that’s just prohibitive
Erebuss
I have done very well out of shares. It's just a job you know and are you telling me if you made a million you would stop doing this game, it's also addictive and a hobby. But do keep hurling the personal abuse thanks
JRL. Why not get a life yourself I'm still waiting for any contribution from you on the stock.
Infact I have just looked at your posting history and that says it all...nothing of substance.
Posting on a share you don’t own at nearly one o’clock in the morning is so so sad. Get a life fella FFS
Neill hasn't posted anywhere since 14:58hrs on Friday. starting to worry for him now.
Davey50; been on the game for 25, 30, years and still here. Shouldn't you be retired now as multi-millionaire rather than still, after 25/30 years posting bile. I hear you are a green box on most share BBs which says something about you.
TyreTread - a free bag awaits you, please collect from the checkout once you've 're-covered'.
How bloody stupid is that post "are you short". It just shows how novice so many people are on these sites.
So I'd watch a stock go from 60p to 0.3p and go short or remain short. I'm chucking at how stupid some people
are with their comments. The company is insolvent you need a miracle to survive and I do not make money either way so there is no biased to my comments
Hope Neill OK. He did promise to be here at 4:45 yesterday evening to gloat.
lol
If you look up Blackrock, JP Morgan, RR, etc. on LinkedIn and click on people and scroll through some of the workers, there is a good few with open to work in their profile.
If you look up saietta on linkedin and click on people and scroll through some of the workers, there is a good few with open to work in their profile.
....Davy50......are you short pehaps?🤔🤔🤔
To whom it may concern...WHY BOTHER AND POST HERE IF YOU'VE NO INTEREST HERE?????
Sharebel: " The receipts may not happen in March but... etc, etc. "
A load of rampy tosh, I'm afraid. Considerably misguided.
" Maxi19 ...if only everybody else could post like that. "
In style and prose, I'll happily second that, but, regretfully, not in its rosy content. On the assumption that it is well meant let's just say I feel it under researched.
The receipts may not happen in March but they also may come in and that’s on top of the cash they have to see them good for working capital until the end of March, right now that’s FOUR weeks away. They are in discussions for both possible funding and also a formal sales process BUT this is not a forced absolute crikey we are going down the pan RNS it’s a perfunctory statement that needs to be made to the market and shareholders it’s not a given which is what people, who haven’t looked in deep here have simply assumed. You know what they said about that, it makes an ass of u and me! The company business is good, the IP amazing and it’s well respected in a really growing sector, it’s not a struggling can’t sell anything business it’s just expanded too quickly. There will be finance and the business will continue I believe but if you don’t think so then don’t buy any and invest in any other stock you like, but I don’t think that picking up bargain stock on a calculated risk versus reward here should be criticised. In fact I’m not sure why people are spending their Saturday afternoon posting here just to say they won’t be buying. Great with a tiny available free float here, it’s hard enough to buy and I intend to buy more in anticipation if 7am Monday there’s no RNS and if there is an RNS and positive one it will be completely impossible to buy any at all until the rerate far North of here. Even and I mean even if they say ok can’t yet get a deal together they would only be making plans for voluntary administration AND that wouldn’t be until end of March when they would technically become insolvent, however even that worst case scenario is not all bad and on top of that the March receipts may come in and add to their cash reserves and they may then get the deal together or have new fresh approaches in this time. And if they don’t and at end of March they say that’s it entering Administration then the value here far exceeds the current market cap and with little actual debt there would still be tons of options for the company - a reorganisation of the company or a sale which should deliver some value back to shareholders. You also have the listing and the value here just as an actual listed company so there’s a real ability to even do some sort of RTO here too as a shell. A shareholder raise could be organised within an entire month too. So many options it’s really not the end of times and if you think it is nobody on this board or on the stock market is forcing anyone to buy! If this comes good and I believe it will, then some eye watering large amounts of money will be made for those who ran the gauntlet here and bought way down here! IMHO DYOR
Maxi19
Thanks for the response, if only everybody else could post like that.
Good luck....you will need it
Let me add an 'end' to Sharebel's rhetoric:
" I’m thinking he’s very worried " > Wrong.
" Has he got a short open " > No.
" Is he a paid poster " > No.
" but wasn’t anticipating the price to go up on Friday " > Anticipating, no, expecting, yes.
💯% Maxi. Look at what happened back in October when ENET weren't looking good, then they got a lifeline and went x14 or x15bag. Looking forward to next week
Davey, it's not that complicated:
1. The business appears to be viable. If the company's forecasts are to be believed, there is a clear route to quite significant profitability. The problem is it has run of cash before getting there. The kind of businesses that go into admin more generally are those which are unviable - i.e. there's no clear route to profitability.
2. Even if the company goes into administration , the assets could well be worth more than the liabilities. The only creditors are trade creditors. The company has (1) a small amount of cash (2) trade receivables (3) inventory (4) patented IP, some of which is licensed to ConMet and projected to bring in $20m over the next 6 years (5) plant and machinery and (6) a 49% stake in Saietta VNA. Without knowing all the details I'd say there's a decent chance those could be sold for more than the debts.