Member Info for 4theLongterm

I wish I had your confidence on this one, lets hope you are right. Time will tell.

It will also allow management to focus more time on growing / improving the core business without the distractions of the disposal programme.

Great to see that this has been settled in full, removes an element of uncertainty for the SP

A really positive interview in which I thought Ian came across well, he clearly has a good understanding of the vast

market opportunities for the new product.

As I said yesterday definitely think that this is worth a small punt on a turnaround, but as always only put in what you can afford to lose as it is a high risk investment

Spent the cost of a family meal out and added 750,000 shares this morning as a punt on this not going into admin. and being turned around. Time will tell and feels like a casino bet but I like a gamble....

We could look on the positive side and assume that he would of only have taken the role after doing his own due diligence on the future of Echo and been happy that it is a turnaround opportunity.

We can only hope......

I would agree, as a simple calc. assuming you have 10,000 shares in Star they would be currently worth £700 @ 7p at todays increased price.

Under the proposal you would receive:

GGP: 10,000 x 1.33 = 13,300 shares at 7.4p worth £984

Ariana: 10,000 x 0.199 = 1,990 shares at 2.1p worth £42

Total value £1,026 plus the potential of a share in any cash left after expenses

May therefore make sense to vote in favour rather than selling now

My read of the Balance Sheet ending 31/12/22 is a net liability of £48.4m, therefore a fire sale would likely result in a nil value for S/H's and with insufficient funds to pay creditors. The lower limit based on your scenario would therefore be £0.

I don't however expect a fire sale, but there is always a considerable risk of holding AIM stocks that the company may not survive with S/H's losing all their investment.

The travel business has been a non core business flagged to be sold as part of the strategic review for a long time, therefore the sale is not a reaction to any recent events or a desperate move.

I was disappointed with the H1 results, particularly around FCF and thought that the debt would have been less, however I do believe that the share will recover to the mid 20's in the short term and hopefully drive forward with more positive full year 2023 results in 2024.

This is not a good sign given that they currently hold c 20% of the company. Lets hope it is just an adjustment and not a full scale reduction.

Still time for a late afternoon rally

I don't think that they will be announcing a dividend payment relating to H1 2023 tomorrow, but hopefully they will provide a bullish statement about dividends commencing in 2024.

Based on last year the results are due circa mid Sept. Hopeful that there is a whiff of some major contract wins to be announced behind this sudden volume and SP increase.

If they are in line with forecasts after factoring in cyber costs I would expect that this will return to the 35p to 38p range seen after the 2022 FY results. If there is better news probably more like mid 40's.

Agree, something must be driving the sudden volume spike and SP jump. RNS on its way?

A value will be included at an appropriate level in the business for transactional revenue forecasts, but as there is no guaranteed revenue i.e. it is transactional under IFRS15 rules it will not have a value for the reported order book metric.

Really positive to see that the legal case has been resolved and there is still c£8m in cash, so cash neutral over H2.

Good movement in the SP today but there is a lot of ground to recover.

If the article had indicated that he had spent £380k on 6.8m shares in SEE so far this year, that would have been correct. Despite the article being factually flawed, the message is correct in that as an insider he must genuinely believe in the future potential of the business to personally invest such a significant sum in such a short period.

Hopefully he will be proven correct.

I am expecting revenue to have grown, but movement in margin will be interesting as the cyber issue will have cost a lot to manage / resolve and also there will be costs associated with reducing the risk going forwards.

Hoping for positive overall results that show that the business is growing and that the cyber incident hasn't derailed the strategy of reducing debt and growing margin.