Member Info for Barry5

Good to see that we're still alive and breathing (just)

From one of your #EUA posts Scottytom

'A lot of wind-up merchants on here, and the stock seems to have gathered a bit of a cult following. It's difficult at times to pick out genuine posters.'

Amen to that. if you think this board will be easy after that place, you've made a big mistake.

Open debate is essential. Differences of opinion and points of principle need to be aired.

What is not acceptable is hurling abuse at fellow posters who have a different point of view. Yesterday afternoon was toxic and childish. Playground stuff and valid points made were lost in the midst of the abuse hurled. I resisted the urge to post gave up reading the forum.

Most of us on here are heavily invested in Avacta for all the right reasons and it's sad to see fellow devotees fall out when they are on the same side.

Just watching the SP and hopefully the bottom has been hit and the upward trend can be resumed. GLA.

Looks like last week's buyer is back as lots of buys of 25,000 lots going through

sorry missed out Profit before tax which was 6.6m (last year 3.2m)

Megasteel's accounts have just been published on the Companies House website (use the Search option) so are available to read. Results are outstanding and the directors seem excited about the deal and are actively looking for acquisitions once they go public.
Turnover 30m (up from 19m)
Cash at year end 10m (last year 5.3m)

The accounts say that Megastel shareholders will own between 85% and 90% of the new public company

barnard, thanks for referencing the Alan Green interview. I missed this at the time as there were so many 2023 stock picking interviews going on. For anyone who is interested the link is here and TMOR is referenced at 42.00 mins in. It does sound very promising.

https://stockboxmedia.com/interviews/research-talks-stock-picks-for-2023-prem-gcat-maru-fcm-tek-grx-ecr-pow-tmor/

When I saw the title I had hoped it would relate to anyone know where Mitch a& Tony are. You would have thought they would make some statements to reassure the market and shareholders. But I guess they don't feel the need to do that as they've got what they want and their own positions are safe. Even an interview with Malcy would be better than nothing - at least it would be a soft one for them.

AA's got enough on his plate to get KIST moving again and I can't believe he would devote his time and resources to the North Sea now and certainly wouldn't come to the rescue here after his last rebuff.

James I agree with the Green Boxing and have done likewise after seeing the same sort of tone on other boards.

NoQuestionMarks, I'm sure BOD will try and get their hands on some of BP's assets at favourable valuations (to BP). After all BOD have recent form in negotiating deals that are favourable to the vendor.

Apologies for my cynicism which appears to betting worse with age. But remember a cynic is a man who know the price of everything and the value of nothing.

I'm going into mourning about all this now so will keep quiet for a while in case anybody thinks I've got an attack of the sour grapes

sadly North Sea is now a Red Flag for any investors except, of course, Serica who not only have acquired another North Sea operator to boost their exposure in this area when savvy companies with alert BODs are doing the opposite.

Just my opinion of course and what do I know

Have you looked at the markets today and our share price to see what they think about the crummy deal you negotiated on behalf of the shareholders you're meant to represent?

I had a shock when I looked at the SP just now only to see a 12.5% drop on no news! Last month I had it as one of my 5 picks in the UK Stock Challenge. Almost tipped it again as well as we await news. Anyway, I agree Candid, nothing to worry about here. Just a waiting game as those who seek a quick buck head for the exit.

Norma, sorry but I think you're being a bit silly now.

BOD obviously wanted to win the vote so they would have wanted to emphasise all the plus points to get close to 100% acceptance. To say they do not "have to provide the interpretation of what's made public" when the vote could have gone against them is ridiculous.

There may be something here that is concerning or there may not be but it seems quite clear to me that most on here are going to stay the course, in which case we all share the same goal of wanting to see the SP increase significantly.

Nice work. Any hint that a date or statement in the particulars is wrong would invalidate the vote. Interesting.

I would point out Norma Stits that the two statements you quote are not mutually exclusive.

To have 26% voting against a rushed through vote is no mean achievement and would have been sufficient to block the deal at an EGM requiring a 75% vote in favour. So BOD is very much on notice that it has to perform. The SP didn't exactly leap with excitement when it heard the YES vote had prevailed!

As for the Chairman's Statement I though it was good, struck the right tone and savaged the Government. Who could possibly have a problem with that?

GLA. Have a great weekend and let's hope our company moves forward from Monday on.

139p on the bid. Will someone please wake me up from this nightmare.

and by the way, who are these idiots selling? Why sell now and not last week? Juvenile thinking/trading.

Infor that article and headline says it all for me. I've seen CEOs with little skin in the game wreck companies before and then leave shortly after with pay offs, just like failed football managers. OK Mitch hasn't actually failed with SQZ (yet) but this deal is beyond his brain capacity and that should have been obvious to the non execs and to the advisers, all of whom will be culpable if this apology for a deal goes through.

It was a bad deal when they put it together and all the information and events since then have made it even worse giving management a great opportunity either to renegotiate or pull it. That they have done neither will be to their eternal shame.
GLA and the next few hours will be very interesting indeed.

Thanks atrm. From what I've seen of him (and he used to be a client of ours) he's a strong, principled, logical man who would stand his ground and was a tough negotiator. Sounds like he's making sense on the net zero thing. That's something we all want but not necessarily at any cost while other nations ignore it completely to better themselves. We really do need some sensible minds at the moment and there's still talk of Boris making a comeback but best not go there. Now back to the SQZ problem............................