Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
IMO this share is going to remain in doldrums for quite sometime. Couple of years ago I made some money when it went up from around 60p to well over 1 pound. Trying to replicate I have got stuck. My average is 31p and I do not expect to recover my losses in the coming six months. One large stone recently sold at a much less price than what the management expected. We have not heard anything for more than two weeks which means the company is finding it difficult to shift items. The new CEO is within his rights to kitchen sink as much as practicable. By the way, what happened to Tanzania confiscation ? The longer the company does not give any update you have to wonder whether there will be any positive outcome ever. Reducing the debt mountain is the priority which the new CEO has promised to pursue and good luck to him.
Closing mid price today is 72p. Last trade price per LSE is sale of 2,466 shares at 75p. Trade time 8.26.56am. What’s going on here? If price is so low, shouldn’t the Employee Benefit Trust be buying shares now as sp is more than 25% below nav?
The company’s website says ex div date is 30 May 2019. 2017 final div was 15.7p? How much is it for 2018? Does any one know? I got in today averaging 3.45. If dividend maintained then it’s a good return . Or could it be that more bad news re HMRC investigation on minimum wages is in the offing?
The current accounting period end is 13 months to 31 March 2019. If last year they reported on 15 May it must’ve have been for the year ended 28 Feb 2018. I don’t know when the result will be declared but may not be as imminent as you think.
LSE showing last four of today’s trades totalling 207k shares as sells. Surely, these should be buys at 73p. Whatever the case, after suffering for almost 3 years are we seeing lights at the end of the tunnel? Now priced 1.48p pre consolidation. Can’t wait to get out once 80 is crossed.
IMHO an excellent job has been done by securing this offer. It must have been a joint effort on the part of MXCP and Tax Systems. What next? The market almost ignored it as far MXCP sp is concerned and hopefully the management should realise how sceptically the performance of the company is being looked at by the market.
On 11 July 18 I posted a message on this board suggesting that consolidation may be one of the measures which should be considered. I now doubt whether this will work. For a long time the company has played hide and seek game with its investors. Under whose watch IDE and AD4 disaster happened? Anyone made accountable? We keep on hearing about possible pie on sky stories, or shall I say gossips, but no real news on real tangible progress seems to emerge. I will emphasise again. Declaring half year and yearly results should be made within 2 months of the period end. Why could not be there be a pre-close announcement where progress of the unquoted investments disclosed? Mr Smith should communicate with his investors in a more friendly way.
Don’t think too much about closing price of 202. This means almost nothing. Closing price is the transaction price five minutes after close at 4.35. Someone bought 416 shares at this price. Real closing price was between 187 - 190. Are Blackrock still selling? No further rns after 8 jan. we must be in for a long haul for recovery to take place.