Member Info for Barcap

A lot of PIs buying so time to short aggressively IMHO

BlueRaphus

I hope your patience and research are rewarded - I mean that sincerely and not in any sarcastic way.

While everyone is jumping ship and laying into AWE ( me especially) you have been solid and resolute so I respect you for that.

Whichever way this one goes you have my admiration.

PS... I owned shares in Acorn Computers at 8p.... Anyone who knows investment history will know what happened next!

Good Luck Pal

Barcap

It amazes me how much private investors buy into highly volatile dodgy shares.

It's far better to buy solid companies which are well run and hold for 5 to 10 years.

However, I assume certain Private investors are adrenaline junkies and always looking for the next 10x or 100x punt.

Fools and their money are easily parted.

Maybe try betting on trap 6 at Hackney dogs, you may lose less.

Take care all.

Don't get suckered in.

Barcap

The IPO was managed by Barclays and JP Morgan with no private investor participation.

The UK government was very pro the IPO as it reinforced Cambridge as a technology hub.

Also the UK government had relaxed floatation rules to encourage more companies to float on the London market.

Even after the wheels were starting to come off, Barclays were still pushing the shares with targets of 600p+.

So the institutions and government need to take responsibility for whats happened IMHO.

BlueRaphus

You can quote as many ratios and numbers as you like but investment depends on trust, competence and honesty.

Frankly the directors have none.

This is why they are 100p and heaven knows where they'll be when they start trading again.

Cheers

Barcap

So they are going to run the results announcement to the wire!

The second delay announcement said week commencing May 15th so nothing Monday, Tuesday or Wednesday.

2 days left - or this thing is dead in the water.

So Friday looks like the day.

Good luck all

I don't know the ex Carrs Group CFO but they are an engineering snd agricultural company.

The AWE CFO was/is a sophisticated individual and is very financially aware.

He's worked mainly in the high end banking industry for big multi national banks.

He left Barclays to come to AWE as CFO.

Some have mentioned he's inexperienced but that simply isn't true.

Everyone seems to think this delay ( or 2 delays actually) is perfectly normal and is seen in other companies.

However, I don't think the CFO getting sacked after suspension is normal at all.

I guess everyone can sit around drinking Pimms and consolidating each other while the iceberg approaches!

I'd be interested in people's prediction of sp on the first close after suspension ends.

My guess is 75p

Others can suggest a price also.

KPMG may have found a can of worms and will be going through the can worm by worm.

They need to maintain their reputation as auditors.

So the auditors need more time to audit the results.

Not good

BlueRaphus

Ultimately the CFO is responsible to getting his company's audited results out on time and for them to be correct.

He failed on both blaming KPMG for delayed audit and "typos" for incorrect figures.

This is laughable.

If these are the public errors what are the errors behind the scenes?

You can excuse this company all you like but new investors won't be touching it and as a result an sp rise is unlikely.

Monty9
Some great points you make.

Ultimately we'll only know the answer on the 12th May or 15th May.... Not sure what day the audited results will be published.

Politically the CFO has been set up to take the wrap for something... Delay, typos or more? Who knows.

Unhooked,
My point really is that it has been known for directors to deliberately crash a share price in a decent company so they can then take it private at a knockndown price.
This is illegal.

I'm not saying AWE are doing this but I've seen it elsewhere.

So you're not nervous about the end of suspension and trading restart on Monday 15th.

If not, you should be.

As well as a massive investment in smoke and mirrors this company is obviously handing out rose tinted spectacles to it's shareholders.

If the directors take it private at a very knocked down price having rinsed IPO investors of literally billions there could be criminal implications.

Cheer
Barcap

So the CFO will leave (sacked IMHO).
Have the auditors found something?

Just another banana skin for this joke of a company.

Cheers
Barcap

Lol.... I love your reference about Joan of Arc!
I have actually raised a fair amount for charity about a decade ago from my followers on Interactive Investor III.
I gained nothing financially or materially.

So maybe I am Joan of Arc!

If you can find my charity page from 2010-2011 I'll give you a gold star.

You seem an intelligent and informed person so a little test for you.

Cheers
Barcap

It will be interesting to see the price action on Monday 15th May.
They gave everyone a day's trading notice when they announced the suspension and the shares dropped nearly 20% on Friday.
So maybe anyone who bottled it are already out.
Assuming the auditors finish their audit on time and no issues then the sp should stabilise.
The open could be quite wild though as the market "finds" a price.

YemR1man

I'm just here to try to protect newbie investors from getting ripped off.

I shorted this crazy company from 270p to 118p and made a packet while the bulls on here berated me continually. I warned investors to be very carefull if going long, but I guess some people still gotbdone over.

This company has been abondoned by serious investors a long time ago as it was clear it's run very badly.

Good luck to those who think it will bounce back to. 200p.

Cheers
Barcap

I have more direct access to RNS feeds so get them in real time.
LSE do lag a lot, so not the best!

So on Tuesday 2nd May the company has been forced to declare a number of "typing errors" in the results figures.
This could not get more ludicrous.
A company run by idiots.
And the shares in suspension also.
What a mess.

Cheers
Barcap