Member Info for AdamH90

It is currently worth £3m. That is absolutely minuscule. A lot of individuals could buy the lot and not even think twice. That's why I think that the SP could easily be a lot higher than we are today. I don't think that is a big assumption to make given the companies history. One decent contract would see the company valued at many multiples of today's SP. I agree that there has been mismanagement and obviously progress is not guaranteed but this is primed for recovery with a few decent ideas implemented.

Big assumption in what sense?

Everything about this looks strong. It went to just shy of 300p recently as you know and then got pushed back down when it should have continued to slowly grow. It looks like everything is lining up here so I'd be surprised if we weren't back to a minimum of 300p on a positive update.

Looks like it is time to switch off for a few months. Very quiet.

I know the price of cheap stones is ridiculously low at the moment due to oversupply but if Firestone ca weather the storm and survive it then this could be a good recovery play. £7m Mcap could be grown over the next few years with a half decent plan.

Hi all - Has there ever been a consolidation here? Or is it just the case that the SP performance has been rubbish?

Yep - agreed. They have had thousands off us all. I'd have much preferred it to have gone somewhere more deserving. That's the game I suppose. AIM is full of horror stories... I don't think I can bring myself to invest in AIM after my current shares are all sold up. Its a sure way of kissing goodbye to your money.

There have been some dodgy investments here and I have been pretty critical over the last 18 months but the Mcap is tiny here and should be higher. They have a nice position in Oyster now which could easily see the SP at many multiple of what it is today with just a little bit of decent management. We could be due one third of a lot of money if this goes well. Its a very risky investment but the rewards could be equally as large as the risk.

I'm not sure the delivery will ever materialise. If the deal is off then I don't want it to be strung out. We know it'll cause the SP to go under a penny which is ridiculous. Any excuse for the market to drop the SP. I want that kind of negativity out of the way early so we can begin to grow the SP. With the deal we are looking at previous highs. Without the deal we are looking at substantially less but still a lot higher than we are today.

Do you think the news will be game changing? I[m expecting it to be good but wouldn't be surprised if the market response was muted. I can't believe we had confirmation that the FCA investigation was over with nothing doing came and went without a sustainable rise. Seeing it fall back down from just shy of 300p was soul destroying as we had the momentum to keep the rerate going. This should have set a base camp up at about £5 or £6.

Ultimately, while the Ruyi situation is incredibly frustrating the company is worth a lot more than its current MCap. The market is being played with and kept artificially low. At some point it will re-rate but like everything, timing is key. This could stagnate for a while and could even be pushed lower.

Sorry, silly question. Was obviously from the RNS in mid June. I must have missed it. Thx

Hi abouttime - where is that taken from?

Yeah the "personal reasons" line was just to save face. He's clearly not cutting it. It is never ideal to change CEO but hopefully it can represent a new era! There is no way on earth that this company is worth £3.5m. The Ruyi sideshow needs to be wrapped up one way or the other so that the company can push on by itself or push on in partnership. The company can really start making some waves if it is the latter.

AGMs never really bother me. Nothing ever happens at them they are just a requirement and a tick box exercise. Tomorrow will be flat.

You say "are" as if you have no recollection of the events of the last few months. I'd say its more like "could" at this stage.

As always with AIM... the promise of multibagging and riches never materialises unfortunately.

good thoughts mdle4... Unfortunately, I am not confident on the results anymore so I've sold my holding. Will keep an eye on things but GL all.

Because they don't invest like you or I. They don't speculate... they lock in profit. They are basically buying cash at a discount. They will flip them before we know it and lock in that lovely 30% profit. Nice if you can get it.

Agreed. Tim should be going... Why is he allowed to stay after such a disaster? We are paying for his mistake and he is being rewarded.