IX..L Share Price (IX.)

I agree the remuneration of the ceo has been rather generous. Especially if you consider the prices at which mr. Lindström has been able to convert his bonuses to shares, which have been far below NAV an have led to significant dilution.

2022 bonus: 160,772 GBP exchanged for 1,948,748 shares issued at 8.25p

CEO signing bonus: 401,929 GBP exchanged for 4,871,870 shares at 8.25p

2023 bonus: 325,561 GBP exchanged for 1,550,293 shares at 21p

In terms of 2023 year end NAV this amounts to 8,370,911*1.37 = 11,468,148 GBP

On the bright side: at least his interests will be aligned with shareholders going forward.

It will be interesting to see at what price future bonuses will be exchange for shares once we are delisted.

Not sure whether anyone who is staying in here has read the accounts?

Although there is a massive gain on Wastefuel a few things caught my eye.

There is a going concern qualification which is not good. They seem to use a very small firm of accountants

I also had not fully appreciated just how much the executives and NEDs get paid. One director is on £1.5m in FY23.

Finally, OB has written 2 articles on this but doesnt seem to have mentioned the Lion Point put option which will cost £5m. Looks like the are having to take on a loan to settle it

I think Agricore must be biased either as a superfan or closer to home, because every post he makes relates to Oak Bloke. So lets take a pinch of salt on that one.

As for this pick, even before delist notice this had dropped by a third YTD. Virtually every other pick of his has absolutely cratered. I genuinely do not know of a UK stock picker - at least one with an ego big enough to think his thoughts are worthy of publication - with a worse track record. Do you?

Very true, Oakbloke wouldn't have been predicting a delist, as that screws most shareholders.

I saw and read the results RNS first and was gobsmacked why the SP had dropped so much, then I saw the intention to delist...

I know. Picking a stock that only delivered a 125.9% increase in NAV in today’s results - what a numpty.