Member Info for BarcelonaBill

If Teh and his Directors are buying in now there will be hell to pay in due course and probable legal actions. He knew full well the impact of delisting on the SP and to take advantage of this would be totally unacceptable to all other shareholders including the IIs. SP now down 3p. As much a holders are hoping or expecting a bounce I really cannot see this happening before the vote. Then, if Teh wins that vote, common sense says that it will be suspended until delisting. All IMHO as a former holder with no interest long or short.

With respect Dhc, the whole thing was in Teh's control. He's the man at the top. He didn't just suddenly wake up that morning and decide to delist the Company. It had obviously been thought about and discussed for a period of time. The SP was drifting lower on apparently good news and contract wins and Standard Life were selling up. I sold yesterday, took my loss and learned my lesson. I'll not be investing again in these overseas Companies, there are far, far safer options to choose from. I prefer to have protection and immediate control over my investments. Good luck to all those holders who remain and those who are now buying in.

This Times article suggests that they have more than the 42% than we think Dhc, 59% according to them: https://www.thetimes.co.uk/article/pr-adviser-and-broker-quit-in-row-at-fusionex-ws77lqq7p The BOD would look very stupid if they have called an EGM without already securing the votes they need to pass the resolution. Even if it were defeated, faith in this Company has been severely hit and I can't see it coming back in a blaze of glory too soon. Level headed investors would steer clear and only the greedy would try their luck. I can't help thinking, if this is such a good thing for shareholders as Teh tells us, why did the Chairman, Joint Nomad and their PR Advisors all resign over the issue?

Somebody is hoovering these up for sure and it’s not PIs. I really cannot believe that it would be Directors though. Sure, they may have picked some up but if it came to light that it was them I think the IIs would have a thing or two to say if not the FCA. If it were the case I think a court case similar to that of RBS could ensue. Could possibly be the IIs loading up to increase their voting power, they must have spoken to each other. Anyone know what the rules are regarding their shareholdings in private Companies? If it’s not allowed then they would have been off loading not buying. Teh must have known what would happen to the SP on this announcement but we have to understand that the MCap doesn’t always bear any relation to the value of the business shown on the Balance Sheet. That’s why we invest for hopeful profit. We look at the business, its current financial situation and its future. Compare that to what the market thinks and hope for a rerating to drive up the SP. I don’t understand the reasoning behind the thought process of this delisting. Plenty of listed Companies share the same ‘problem’, if you can call it a problem. So why is Teh so worried about the value of the Company unless he’s going to sell his shares or IIs are complaining? There must have been something bubbling away underneath for a long time to take this drastic course of action. I think the basic question is, do you trust the BOD to act in the best interests of the Shareholders? If yes, stay in. If not, get out.

Nice one Technie. Are you able to redraw the chart allowing for the one or two spurious news articles that will eventually crop up e.g. new drug discovered that cures the Chinese gambling habit? If we can make a sustained break through the 500 barrier we should be on for 560+?

Do you really think he cares?

I have no idea about the politics going on behind the scenes or the Directors ultimate ambitions but the one thing that I do believe is that this Company is now GROSSLY undervalued. I only have a small holding here so given the news and today's reaction I am happy to sit it out and, stupid as it may seem, possibly buy more when things settle. This Company's worth a lot, lot more than the market states and I think some form of takeover is in the air, possibly some form of financed management buyout? All IMHO.

Why would Mr Shearer swap sides for this lot? If he's got anything in him he should be sitting pretty at SDY. Now, if SC got the job here, and why shouldn't he as he was shafted by SDY for pathetic reasons, then I would buy in here in a flash. It would not surprise me if he did. He's the type of person that HSS needs.

Is there a profitable division to sell? Even if there is they couldn't afford to sell it. A Rights Issue would need to be substantial, £150m+ (?) and that would dilute share value substantially. The only people likely to buy would be II's and desperate PI's who think that averaging down is a good investment strategy (LOL). Would anyone want to risk more money on this? Unlikely. They need a new CEO with drive, vision and focus who can restore confidence and profitability to a business that has huge competition on both prices and service levels. The appointment of anyone who does not have a proven track record of turning a business around will see the SP dive even further IMHO. It will be interesting to see who wants the job.

"...board believes it is the right time to look outside the business for a new CEO who can lead this next phase of our recovery," Chairman Alan Peterson said in a statement. At least he was honest enough to admit that they are in trouble. I don't know about the ex Hewden's chief but I do think that they need a Paul Daniel's type of character to get them out of this hole.

I thought the captain was supposed to stay on board a sinking ship? Must be his choice otherwise a successor would have been found already.

Supply UK's turnover was only £15.4m in their last accounts, April 16, but they did make a profit of just under £1m! A small fish but a nice little earner and easy way into the UK market. http://www.vertikal.net/en/news/story/27836/ And on HSS results: http://www.vertikal.net/en/news/story/27825/

Who, in their right mind, is going to buy over £200 millions of net debt and no profits to clear it? I heard that Ashtead were offered the Company but they laughed it off. As the report states, it's a cutthroat business environment out there with too much competition and they fight for business with prices. Something has to give in this business sector and nobody can raise prices if they want to compete, they have to lower them. Dividend cut and Suppliers forced into accepting longer payment terms in an attempt to cut the debt. HSS Directors have a tough job on to turn it around. GL to them.

Correct me if I am wrong but I cannot see any negatives in today's results. Back up nearer 200 soon?

Makes nice reading. Special Divi still on the cards for later ion the year also.

More significantly, although to a lesser degree, WPG got a hit too. I thought their results were pretty good too. Still, only goes to prove, buy on rumour, sell on news.

I'm back in on a spread bet at 396 with a fairly tight stop loss. I expect to see the share buy back recommence at anything under 400. People are jittery about PAYS and rightly so given the history of rises and falls. A lot of stops will have been hit and the Bots react accordingly. As usual, given a few days, I expect the equilibrium to return and we should be back on track awaiting further positive news.

Sorry, should also have said IMHO and DYOR!! Good night.

As I say, we should agree to disagree. No problem with me. I respect your opinions whilst you continue to get upset over mine. You're long here for your reasons and I am short for mine. Why can't you just accept that and get on with your life? After all, you're going to be rich on the back of this share soon, aren't you. You can gloat all you like when you've proven me wrong. Will you come back with your tail between your legs if I am right? Any way, I'm off to bed. I have an early start tomorrow. Got to fly out to Hamilton to bring a yacht back to Monaco for a Client. I'm going to be at sea and off line for at least 10 days so we'll pick this up again mid Feb. Have fun. You could also try FXI, or PAYS for a longer term bet. You've probably missed out on the best of SPE. ETO and ITV appear to be good takeover targets and possibly SCH. Do you have any other good ideas for investors? Catch you later. Have fun.

LOL?! If you had any idea about spread betting, or had even tried, you would know that I could not get a guaranteed stop loss on such an illiquid share. However, I'm happy to take that risk in as much as you are happy to stay invested. That's what share trading is all about. That aside, there's no problem about a heart attack with me over this lot as I win either way. If they stay in business I get paid. If they go bust I get the spread bet paid out. No problem. It's what is called 'hedging'. Perhaps you've not heard of this term? So, I have no interest in side bets as I am covered both ways. Anyway, enough of your school playground banter. Why not try and support your investment with some real, intellectual, professional facts pertaining to your perceived future of the business. Facts that potential investors can rely on when they consider whether or not to invest their hard earned. However, I have to encourage them to investigate those shares that you have posted on (and may have been invested in) in the past! Not exactly money spinners were they? The longer you keep this thread going without doing anything to support it with facts will only serve to dilute their confidence. I believe that your references to their latest Trading Statement are history as, for instance, are any Company's filed, historic accounts. History. A lot has happened since then. I believe they needed a £13m cash call to temporarily support the cash flow of their business. I believe that the £13m has quickly run out. I believe that their Creditors confidence has expired. Based on my knowledge of the facts that's my opinion and I'm entitled to it. You believe that the cash has helped them through their problems. You believe that they have enough cash to survive. You believe they have a positive future ahead. That's your opinion and you are entitled to it. We've debated this long enough. Agree to disagree and we'll let time tell dictate who is right. It shouldn't take too much longer. LOL. ;-) If and when time dictates I'll let you know what I know (knew). I truly wish you the best of luck here as I think you'll need it. You have more to lose that I have and I hate to see people (most people) lose their money on the markets.