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Aye, that's fair enough.
In retrospect I should have sold up when it became obvious it wasn't just external events which were causing the problems here, but such is life, everything's easier in retrospect.
We're plainly vulnerable to a bid at the moment, and probably will be for another couple of years or so, but I can't see this one being it.
No Bern, I just expressed my take on where the company has gone under the new management. Covid is partly responsible of course, but they got carried away with borrowing, and made some acquisitions at the wrong time IMHO. The old board had learned that being over indebted when things go quiet is dangerous, my buys then at sub 10p were highly risky.
Having said that, I don't see the barmily named company as doing anything other than either biting off more than they can chew, or trying to destabilise a rival. They do have a shareholder with clout, but other than that I can't see any compelling reason to do anything except send them back out on the prairies to graze. Or " go eat ***^"in other words
I suspect an offer which put a value on us of between 35 and 40p would have to be taken more seriously.
Problem with that is that it could be seen as a bit high which could then negatively affect the value the market assigns to Brave Bison, so reducing the effective offer.
You're normally one to always see the positive in every move a company takes Alf. I agree that Mission lost sight of what's important and need to repair the damage, but did you lose patience and reduce or sell up here ? Couldn't blame you if you had btw.
BB
First offer is always low offer...
It's what happens when the balance sheet is weakened by actions taken.
Clearly, the approach isn't welcomed by the board, but they do only have themselves to blame IMHO
Should see a bit of interest today.
The dash for acquisitions has resulted in bum bitten.
Debt is too high, the board need to quit dreaming and knuckle down to solid balance sheet IMVHO
A quick skim through the Finals suggests to me that getting the accounts signed off as a Going Concern was a bit tight, so that's a relief. Renegogiating the debt was crucial going forward so, overall, unlike like what I thought a few months ago, it doesn't look like a Rights Issue will be needed to repair the Balance Sheet.
Overall, it's obviously been a bit s h one t here recently, but it does look a lot more hopeful going forward.
Results today. 👍
Superb rise, obviously someone isn't concerned about the lack of an RNS
?
Can but hope for an upwards movement now.
As you know, I kicked myself hard for holding these, the team must rebuild their reputation to make money and reward loyal investors.
Optimistic buying or bit of a leak?
Usually quite difficult to get even small amounts of these shares.
The share price looks ridiculously cheap. It was devastated by the market makers based on October 23's trading update that now looks to have been overly pessimistic. Remember when the share price dropped to 7p and recovered to £1.
As the most recent trading statement makes clear, there is lots of upside including: major overhead cuts with probably more to come, a business making significant losses is now cut free, great new business wins, as well as reducing debt interest as rates come down, an improving general outlook and I suspect far more focus on generating profit after this blip.
I suspect this business could easily make an EBITDA of £12-£15m. It's a 50p share today.
Revenue of 87 million with profit of 4.3 million with a market cap of 23.5 million . Looks like there is room for the shareprice to climb above that of 32 p before the October announcement . With more contract wins and reduced headcount this should attract interest
I've always thought of this as a well run business, directors now proving it....
Credit where it's due, this is a much quicker performance improvement than expected.
I've bought some more, this will be 80p in 3 years time, happy days... Gla
DBay Director A Paiusco is also a Director of Unlimited Marketing Finco Ltd, which is the holding company for Unlimited Marketing Group Ltd and also the company with significant control of Digital Unlimited Group Ltd, previously called Creston Plc.
Has anyone checked DBay advisor A Paiusco on Companies House?
Can’t buy £1500 worth of stock
Reversal in progress
The large buy last Friday has ticked up the price,hopefully more stake building soon
Something turned the direction of the sp, if it was a director it's a good sign. But also the value may be looking highly attractive to a competitor.
Just saying
Anyone think that this might be a directors buy ?
Nice chunky buy at 2.09
£48k buy