Member Info for AED59BLUE

I do believe he did make a tidy profit on that deal didn't he?

Don't you think the person who was in this role before him is the major cause of the current issue? The decline in the companies fortunes seems to have been over a number of years to a point of its recent low, drastic action now has to be taken to prevent it getting worse and its painful, but he is the one getting the grief not the person who steered the company where it is, turnarounds are never popular.

Yes there are both sides to the argument, it does seem unfair in what companies do sometimes but in these times drastic action needs to be taken by many companies. If the firms go under jobs go anyway, then with no funds going into pensions etc, that may become another issue. On the working front, again there are arguments on both sides, if you are an individual you have to source and plan your own work, source spares, parts etc and more often you may only have a number of months work. The market place for self employed engineers gets flooded and you compete against others similar to yourself. Then there is health, holidays, paperwork etc etc, non of this is a concern for an employed engineer, that is the rub, hard to say as individual circumstances are different, but you trade off the freedom to do your own thing against the security of another. Its all about choice, those that want the freedom can move on, those that prefer the security stay, its up to each person to make up their own mind. There are many out there who haven't even had that.

Would be a bit happier if we could see some sort of divi reinstatement, maybe that could be announced soon too?

1 year -24.68%
2 years -42.87%
3 years -49.46%
5 years -60.79%

Looking at the above figures for stock performance over last 5 years even the big divi payout is not going to cover those capital losses and one would assume no magic wand is going to reverse that trend in the near future.?

The real rot was when that other pig in the trough ICAN was in the chair, he was the main driver for ruining this company. The only real way out for this imho is a sale of all assets and a break up. I cant see any way forward for this company.

Agree, tobacco has had it. This stock has just been in decline for a couple of years, don't see any upside really, people get attracted by the yield, but in my view if the yield is so high the first question to ask is why? IMHO.

I got out of most stocks about December time, this is one I have left wish I had sold it as well, to be honest I think the stock market is a pretty bad place to be now, companies can blame COVID for just about anything, lose staff and cut dividends while CEOs and boards pick up good pay packets and perks, for them its a good time.

Which may give them scope to cut yet again?

If shorts are going to short at 37p then its only time before this hits 25p, why would they short unless there were any potential profit in it. Its just a dead duck now, the last BOD and CEO should be charged with running a company without due care and competence. I have decided to take the loss and move on, this is just a waste of space in a portfolio, if I reinvest the money elsewhere I have a chance of getting some or all of it back, if I leave it then it will be worth nothing.

Yes but yours loss so far has been due to COVID19 so a few have had this issue, it will pass quickly, look at Carnival, they depend on and are totally reliant on the tourist cruise side of business. They have in recent weeks recovered enough to let them escape the FTSE100 drop, they are a good company with good management that were hit by something outside of their control.
This sad excuse for a company was a good company run by incompetent management who are in the complete mess they are in due to that poor leadership, when you look at the chart of this stock its just a downward slope to FTSE100 ejection and in the meantime the BOD's et al just continued to get their fat salaries and bonuses, now there is nothing left, unlike a lot of companies hit by COVID they can recover, CNA on the other hand will not recover, the only future for this stock is asset sell offs, probably only thing that will happen is buy out by venture cap company and then break up, don't see it being here in 5 years time, IMHO.

lol, 10 pct of near eff all is still eff all ……….. this has lost 87 pct in 5 years so keep your pants on.

That will get filled, this has lost 7 pct in 2 days, only one thing that can be said about his stock COMPLETE AND UTTER DOG CRAP...……...

From my understanding its the AGM tomorrow, bet the BOD are really glad that due to current situation a lot of people will not be attending and venting their complete disgust at the BOD, should be BOM bunch of muppets..... another great British company ruined by incompetence and pig snout in trough mentality. Someone will probably pick this up for 25p a share.

the problem with algos in horse racing is just like humans, sometime they just get up and say BLX I don't fancy doing that today.

All pretty much the same, no system can really work, its like saying you have a lottery system that works. Suppose the only 1 that may work is buy and hold, but then after time there is no guarantee that the stock will go up over the long term, so its all a bit of pot luck, as Anton says you need a mix of Long / Short over multiple asset classes to be truly diverse. I reduced my holdings in stocks and only hold a little now, I don't really want to be in stocks any more, a market that is manipulated by bankers, brokers and people who have inside information and also have motives to make money, for themselves. Just want to be out of it completely. good luck.

YES, charts, lines etc, all complete hogwash, invented by people who want to teach you that when one line goes over another you buy/sell etc, complete ******. The internet is littered with trading strategies, systems and free software etc.

You need to listen to a guy like this and his comments on retail trading etc...……

https://www.youtube.com/watch?v=L7G0OfJUON8&t=1002s

BATS released the below, but may have implications for IMB too

Sharecast News) - British American Tobacco said on Wednesday that it has made a "significant breakthrough" with its tobacco plant technology platform in the development of a potential vaccine for Covid-19.
The company said pre-clinical testing is under way by its US bio-tech subsidiary, Kentucky BioProcessing (KBP). If testing goes well, BAT said it's hopeful that with the right partners and support from government agencies, between 1 and 3 million doses of the vaccine could be made per week, starting in June.

BAT said KBP's work around the Covid-19 vaccine project will be carried out on a not-for-profit basis.

BAT highlighted a number of advantages to tobacco plant technology over conventional vaccine production technology. It is potentially safer given that tobacco plants can't host pathogens which cause human disease, it said. It is also faster because the elements of the vaccine accumulate in tobacco plants much more quickly - six weeks in tobacco plants versus several months using conventional methods.

The vaccine formulation KBP is developing remains stable at room temperature, unlike conventional vaccines which often require refrigeration, BAT said, and it has the potential to deliver an effective immune response in a single dose.

Dr David O'Reilly, director of scientific research at BAT said: "We are engaged with the US Food and Drug Administration and are seeking guidance on next steps. We have also engaged with the UK's Department for Health and Social Care, and BARDA in the US, to offer our support and access to our research with the aim of trying to expedite the development of a vaccine for Covid-19.

"Vaccine development is challenging and complex work, but we believe we have made a significant break-through with our tobacco plant technology platform and stand ready to work with governments and all stakeholders to help win the war against Covid-19. We fully align with the United Nations plea, for a whole-of-society approach to combat global problems."

and yet this morning share price rose then went into reverse …

seems strange move, someone does see value or maybe starting to stake build ?