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Like the SNP leadership, too many at the top from within the same family makes asking tricky questions internally rather hard and frustrates good governance.

No intention to add that link in on my previous post at all.

This morning's RNS is very encouraging. The breadth and depth of the positive news is good. Yet the P/E and market cap are very humble IMO.

https://www.lse.co.uk/us-share-prices/

It's disappointing that there appears only one customer taking serious amounts of product - sales team must be experiencing a tremendous wall of no interest from the vast majority of prospects. And that customer is now going to take a lot less in 2026 that the company expected 5 months ago.

I'd like to be much more positive than I feel after reading that RNS.

Certainly hope it's considerably above £10 squad !

It's good to see some interest in this company. I've noticed that a rule of thumb over the past year across FTSE for a first offer is around 40% above the pre-disturbance price (ie before rumours lifted the price). I think the pre-disturbance price was circa £7 and a 40% premium would be £9.80. Call it £10 plus any dividends accruing during the offer period.

I'd like to think it might be more but would think the Board more likely a pushover than savvy negotiators.

An Exec Director of Workforce Engagement now chairs the Board's Nomination Committee.

Where are the NEDs ? Sounds like scrutiny of the system of internal control designed by the Execs, scrutinised by the NEDS is minimal.

I agree - it's attractively priced in my view. Four income streams, plenty of opportunity to expand geographically in the UK using operating cash flow. I went into a local store last week to buy some Euros and the shop was busy. One might expect a larger than usual dividend to be payable over the next year or so.

I posted 6 months ago that I would be a willing investor at £40 and we are getting close to that level now. However, I just think they overpaid substantially for Geotek with its good year / bad year rhythm of dependency on a coring contract. I think that one acquisition might have knackered the whole investment proposition. I'm loathe to invest at the moment even though it's a company I've been hoping to invest in for several years.

I had a look over the weekend as well and research suggested no more than 700 tons annually of Iodine are produced in the Gulf. My research suggested these countries do not attempt to remove Iodine as a commercial activity from their energy industry by products.

Oi OI you may well be right but I thought that whilst the parameters are provided to the advisers, they remain with autonomy as to when to buy (within the time envelope) and not buy and how much of it - so the quantity bought each day is at their discretion. My knowledge is informal though - not worked in this sphere.

The advisors who are running the buyback scheme think the slight fall back is overdone too as they bought 10,000 more share on Friday than on earlier days last week. The advisors have been consistent over many years, buying more back when they consider the price low and taking the foot off the accelerator when they think gets ahead of itself. Goldman probably know more than we do about how to value the shares.

Good to get some gritty numbers for trading in the Americas, I think for the first time. This will be an attractive opportunity for aspirant CEOs and hopefully we will appoint a terrific addition to the Board.

Dividend unchanged but a very positive update.

A solid 15% retreat from its early Feb high point now, but the continual rise since 2013 makes this still an attractive price point for buyers. Tipped at £47 by i.C. still seems rational.

Goodweather effectively have a rep amongst the NEDs. , ie Peel Holdings former CEO is on the Board and has been for years.

I'm not saying it's preliminary to a takeover but Peel are collaborative rather than corporate raiders I believe.

I like a 6% yield as much as the next investor Krusty but as with solar and wind which have wonderful dividend streams, it's not much fun if they come at the expense of capital erosion. Thinking about the timeline for today's announcement, just 48 hours before annual results were due to be announced and with an Audit Committee meeting required for the auditor to offer his or her completed ISA 700 report to the Audit Committee and then the Board meeting to accept the Audit Committee's recommendation to sign off the accounts and then the presentation / release of the annual accounts.....my sense is that it would have been very obvious earlier in the week and probably last week that this could not all be fitted in and a delay is required.

In my view the relationship between auditor and the CFO (who is not a director of the company / does not sit on the Board) must be absolutely shot.

I would expect worse news to come out than evident in the RNS today - the only other cause I can think of would be sickness in the audit team and this could have been dealt with by replacements if it is longstanding.

I'm still not minded to top up.

Good spot Krusty.

These are not ideal governance arrangements and it looks like avoidable miss steps have not been avoided.

The share price looks tempting for adding a few but i'm not sufficiently happy myself. Many other interesting opportunities available.

I wonder though, the key relationships for tge external auditor are CFO and Audit Chair.

The Group website doesnt appear to specifically identify a CFO. Vlad has been promoted annually for 4 years and i think is now the second of only two Execs on the Board. Father and son.

Vlad is billed on the group website as having a UCL Masters in Finance and Business. Useful, but not an accountant.

As far as i read it, disappointingly, there isnt an accountable and qualifed accountant performing tge role of CFO.

Any views?

I'd like to be wrong...but if this is correct, the external auditor is not solely to blame in my view.

Group think, lack of NED challenge and lack of a CFO might be the order of the day.

As i say, interested in the views of others - i want tge company to do better.

Jatw - I couldn't agree more about the attractiveness of selling prior to completion when the current price is so close to the buy out price. I sold within 1 day of the offer at close to the offer price and that's more than 6 months ago.

Interestingly the CEO agrees - he sold 85% of his holding at 212p in November. He was more often a seller than a buyer anyway but he should know.

I think selling now in the open market and moving on to another opportunity would be attractive still.

Ggplyr - I'd like to know more about the Slimfast opportunity. If it is possible to connect Slimfast products with a disciplined programme of weight management along with or after taking appetite suppressant drugs (which are expanding from novel to normal use in my view) then surely the opportunity to increase revenues must be significant. Supreme paid £20M odd so they must have some confidence. I've never worked in FMCG however and have no useful knowledge.

I was more surprised about the bolt on acquisition of 1001 from WD 40 - pity we couldn't buy WD 40 ! I haven't bought a carpet cleaning product as per that product range for more than 30 years and I think the trend is for all the home to be laminate flooring except lounge and bedrooms - ie a declining market before factoring in that the overall number of dwellings continues to increase as the population grows. But to me the 1001 acquisition looks like batteries and lightbulbs - we'll still sell some but the trend is downwards. Again, I have no expert knowledge at all and this is just thinking out loud.