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That's good trading statement today. Biggest division is powering ahead. I'd imagine in the new year we'll get some corporate activity in the other divisions leading to a rerating.
Boffster, Totally agree .
Is it just me who is reasonably happy with the board? Trading on a miserly p/e, with debt under control and the most profitable division growing strongly.
Desperately needs new management. Armitage is one of the most uninspiring CEOs of a public company I have ever come across. Two weeks from December and we still await any news from the strategic review which was apparently initiated at the start of march . We were told it would be a priority for the board and we would be kept updated in the months ahead .... Yeah, right!
Could well see a sell off of clays in the near future watch this space surely would push the share price up ?
Must be pretty strategic to take that long. Wonder if it's strategic enough to propel this to over �1.30+
Yes, it has rebounded a little since then. However, can't believe that we are still waiting for the results of this never ending strategic review which was announced on the 7th march .
Holding up well so far, don't think we will go back that far unless Armitage does something more stupid than normal.
what a leader Armitage is!
back into the 60s now because Armitage communicates absolutely nothing to the market or shareholders about the strategic review. it was announced on the 7th march and we are a week away from November.... he promised it would be a priority and that he'd keep shareholders informed about its progress. the reality is that we know nothing - the directors at St Ives need clearing out and replaced with some proactive talent.
Armitage actually says something about this strategic review . It was announced on the 7th march and still nothing reported to shareholders. According to Armitage at the time it was going to be 'a priority in the months ahead' and 'we will continue to update shareholders on progress' . There seems to be no urgency or pressure from institutional shareholders , so that the BoD just does everything in its own time.
We can break past 81p and start moving upwards this week
Not bad , thanks. Yourself? I'm certain this would be back over a �1 if Armitage had actually done something re the strategic review ?! Still looking at things apparently.... Mind boggles
Mr Duck....how the hell are you? I've been quiet of late for a reason....waiting for today....and being disappointed on several fronts by this mornings RNS. I take my hat off to you....your relentless consistency in your opinion of Mr Armitage is admirable in the face of several walls of silence. Sadly I can't share in some of the optimism around this business and future yields.....I'm up a few bob foillowing the recent recovery in SP but I'm bailing over the next few days if I get a little nudge upwards to 83p....I've lowered my expectations but it's been a hell of a learning curve this one...thats for sure. Good luck to you in your pursuit of answers and higher profit....I'll check in from time to time for a nosey but I'm off to find 'something new and exciting'....oh wait....isn't that what that bird from Uber is after as well :-)
Communication - Yes I agree could be better but perhaps speed wise - is how this business operates, as a long term holder I am happy to wait but would expect the longer this continues the better the news will be. Patience is the key with this one at the moment but I am confident things will come good, albeit later rather than sooner.
Armitage said, 'we are reviewing strategic options for both marketing and books.... This is a priority for us in the months ahead and we will continue to report on its progress'. So , 7 months later and still nothing.... Complete lack of communication and speed. Tell us what you have deduced from your strategic review , Armitage ?!
Yes sounds reasonable. My average is over 70 and been buying on the way up .Reminds me of HNT where I did very well. Focussing on good growth divisions and eliminating the bad ones. Personally , I can see 140p if they execute.
holding circa £350k of these I wish you good fortune. I trust you have an average you're happy with? probably an awful lot of shareholders - both institutional and private - have lost a lot under Armitage's stewardship. after 7 months I was expecting him to come up with actual solutions to the underperforming divisions, rather than mere platitudes. no idea what price could be achieved for books, but presumably it could make a sizeable dent in the current net debt? it does seem in decline with narrowing margins. if it can't be remedied get rid and concentrate on those that do. think that's reasonable?!
Ok, I'm holding 488k of these and quite happy with the results. Will be adding a lot more once the dust has settled . A sell off after such a good run and no strategic review was to be expected imo.
on my meagre 15k holding..... my point is what Armitage says and does.
So the exchange rate has moved against the Solstice vendors. OK - let's just give em more dosh to compensate. Like, if the exchange rate had moved in their favour, they would have given them less dosh? Why do i think that companies are run for the insiders all of the time but rarely for the PBPS [poor bloody private shareholder] ! And, as for insider options - the negotiation of which seems to take up far more of management time than actually running the company, why cannot the PBPS also have an incentive for sticking with their holding rather than selling in disgust which strips support from under the share price. They are called warrants - companies used to issue them at a past time when management cared about their shareholders.
duck, you have clearly been hurt badly by the share in the past .Too bad mate, move on.
just sell your holding, then the pain stops. easy.
market thinks then.... utterly underwhelmed. Armitage has had 7 months to come up with some proper plans from his strategic review, yet has nothing to announce to shareholders. yes, net debt and strategic marketing are positives, but simply not enough. thanks again, Armitage...
not runed the corner yet, will take a bit of time IMO