Member Info for Aucuba

Didnt go up with oil but it'll probably come down with it. Thats just teh way this stock rocks

Looks like the week is closing with Petrofac down some 5.5% and Wood down nearer 20% - go figure!!

Not seeing any short reduction as far as `i can tell. Its back in the usual patter - reasoable start to UK day then being dragged down after the US opens. Tends to suggest US brokers doing most of the shorting work

I expect its not in RNS as its a Master Agreement - no fixed value. A bit like a calloff agreement and suspect Chevron have placed a number of such agreements for the same type of services to try and lock in providers in a tight services marketplace.
Not trying to downplay the significance of it just trying to explain why they possibly dont want/need to RNSthe award

Im not expecting a bounce anytime soon even on contract awards/news. As Pokerchips says any movement is around new CEO and market update of strategy/guidance following asset sale. This has a long way to go down yet before that happens

Thiscant just be about the general market - the drops are pretty dramatically in excess of the rest of the market. PFC etc. not posting anywhere near these sort of drops.

Appreciate its not a great day in teh wider market but this one is getting really beaten up. Seems to be back to the old ways of large swings to the upside followed by larger swings down!!
I have the feeling this is where its goiung to be for the next 6 months or so until teh deal is hard wired in and the debt reduction finally hits the books with hopefully some more orders.
Still believe the call highlighting debt increase for first half was an infuencer but at least its out there for all investors/potential investors to see.

Im still in there. I dont need to sell - retired and this is not a pension pot (probably just as well!).

Having said that Im not buying in. It will take a couple of sessions for this to "find its level" and the fact the markets are closed for the next two days may/may not help.

Totall agree johnpohn so whay the drop today? US market open may change things around but it could also add to teh decline (its has in teh past couple of sessions. This really is a difficult ine ot get to the bottom of.

maryBr190

Totally understand teh less debt etc. but what does "potential for take out bid" mean exactly.

Your point with vultures is of course true but they vastly outnumber those who are sitting in/taking up this one and may do until such time as the dust settles and my point is that is quite some way away

Nacho99
That shows how quickly this one is sliding today. appreciate delay in updating but its dropping so fast it went further south as I was compiling the post!!
Sub 220p today anyone?

Im not smart enough to know the reason behind the drop (its approaching 5% now by the way). We are always looking ahead and stating strong fundamentals but people more in the know than me are jumping out of this one. The dividend reinstatement is low on their list of priorities I would suggest and it again its "down the road" and a "maybe) dependent on the cost of getting rid of debt and more importantly liabilites such as onnerous leases and asbestos claims.

Since announcing the proposed asset sale right up to today all they seem to be trying to do is keep investors on the hook. I dont expect them to be charasmatic salesmen but i do expect a lot better from a call which announces wjhat they consider to be a major turning point for the company. Im not surprised at all thet CEO is "reitiring" - I said he should go many months ago. The fact he is leaving and his successor will have a significant input on what happens with teh proceeds means it could be drawn out - they should have set an investors day regardless of internal personnel changes at this level.

johnpohn
If its such good news then why the >2% drop? Deal was backed in and teh market obviously does not like teh detail around the deal. Even in a down market such a drop when "good news" as you put it is out there is worrying. I reiterate my comments earlier re the call this morning. It did absoultely nothing and really was very downbeat which the analysts present (very few I may add albeit it was arrange at short notice) will have picked up on. Expect the US market open to push this down further.
I do hope I am wrong really I do but .......

Its like kicking the can down the road. Why on earth are they still developing the strategy - surely the strategy was in place and the sale was a corner stone of that. There was only two or three questions on teh call and it ended totally flat - all is not well in this company and its starting to show in public. Real shame but there it is I suppose. Moneyy better elsewhere even after the sale and ready to cut losses and run for the hills.

Market does not like the RNS - falling regardless as they had priced in better news around 2022 debt etc.
Back to my comment yesterday - its not going anywhere soon.

Nacho99
I agree - sale was largely priced in by the market and and the statement "no improvement in net debt in 2022" will land heavy with investors.
All the sale seems to have done is remove uncertainy but another 3 - 6 months before we see what they are going to do with teh balance of proceeds after reducing debt and liabilities

Im starting to get a little concerned about their planned asset sale. the share price is going south daily. It seems to be back to the sameold daily movement - steady first thing then diving down and staying down. Im going to wait this out until teh sale announcement obviously but then I'm going to run for the hills! A sale will obviously help if its a reasoonable price but after that this share is going to struggle to make any moves to the upside but no sale news will absolutely kill this one.

Brokers all playing their own game. Don't pay much attention to any of them now.

Rhino collar - I’m certainly not out at this point. 22nd June is not far away and given they stated asset sale should be completed in Q2 I would like to think the AGM timing is taking this into account and something will drop on the sale leading up to the AGM.