Member Info for appleby

Just checked chart , agree on 925-926 on purely a chart view.

Not unommon for it to drop more than divy, this ain't an exact art. Should find support at around 920, then go back up in a few days

Nice big fat divy , reason for drop , see this dropping to 919-920p region to lower support line which is rising .
Good Luck All

Am i correct that any RI will have to be at 5p or above as thats the notional value of the shares.

Why buy the RI , this is clearly going lower. General market due a correction i think . Looking to buy more , but at lower prices.

Its almost as if the directors are trying to force the share price lower.
Hope they are not looking to take this private at 1p a share .

Management knows how to handle loans and customers , they are probably the best out there at this .
However they don't seem to be good at handling the city and investors. Trying to take over provident , the ares loan and flagging up a possible rights issue with the company on its knees are prime examples . They need to consolidate , forget dreams of the future and steady the ship , or someone else will pick this up and do just that .

Yes I spotted that as well and other issues with his understanding of the facts . Pushes any rights issue down the road.
Mcap is getting so low , will be on peoples radar , still a mountain of cash out there looking for a return.

Thinking way forward , pay off 15m on loan , this will curtail taking advantage of growth opportunity that may be available ,release a regular stream of information showing profitability of business , as share price responds start raising money from rights issue .
Any rights issue now is a waste of time mcap way to low to raise mor than a few months income.

Loan books more than covers any outstanding debt owed by the company, it has to or even more covenants will be tripped.
Getting rid of kneejerk external finance and raising money from shareholders is the more solid route , once on board you don't have stupid tests every time the sun comes up, and waste time dealing with query after query, and have to alter course .
I would also note the loan provider will have had to committed the full sum of the facility and only having £15m paying the full rate will not be pleasant for them . They will only make proper money if facility is used , apart from a bit of fees, and the underutilisation interest rate .
Been of both sides of this situation , shareholder funds and low external debt way to go .

I thought I blocked you , no problem I will do it now .

Cash £60m in bank
MC £26m

Surprised only a few derampers turned up , was hoping far more, for a top up.

BE a much safer business to repay the 15m to ARES, then reneg or tell them to hiss off.
Shareholders and institutions would be highly supportive of a rights issue, and would be far cheaper . I would not rule out a take over here , IPF want a uk arm and a certain shareholder with a major interest is worth watching .

Just read this , it is not that bad , the credit facility will have so many bells and whistles attached its probably useless now . Very cash generative business going forward and the demand will be massive .

Not taken up shares at 30p , think there may be an opportunity to buy lower at a future date . Still think Its going to a pound one day .

GLA ,

A large wedge has formed on chart starts 23-3 high next low 3-4
Comes to a point next week , if results land then expect a major move either way .
GLA

Your right on the Dow down 800 and falling , could be a blood bath.

Agree that , this could drop on a broader market correction . Would not rule out a revisit to twenties at some point .
Wont matter long term .
GLA

Clearly from price action a very large buy order is being filled , could take weeks , just wait for RNS , may be linked to results delay .