Member Info for biglad6

Yes, the reality of this is that this share is nearing the end of its life in that even over the last few years it has plunged and plunged again. If the directors were being paid by shareholder value then they like us would be potless by now. Our only hope is that this quiet period of news leads to a big announcement (I should clarify this by saying a good announcement.) but the way things have gone over the last year I would`nt get too excited. But like someone who made the old car analogy if you`ve got a £5000 car that is now worth £500 so what if it its worth £250 you`ve already done your money. Sorry to be pessimistic but that the way the shareprice is.

I am an avid reader of this site and own about £3 million shares bought between 1.7 and 1.2p. I find it very frustrating though that we have no news at all from the company re any improvements over recent months despite the ongoing stuff about working hard, prices good, service excellent etc. Whilst all these things are admirable really none of us could give a toss as this is now all about the share price and its increasingly worrying and poor performance. Sure all the fundamentals are there right market, experienced CEO, Wrigley purely getting paid in shares, stream of good news last year etc etc However the share price has now dropped below .5p and still no news about anything the directors are doing. Can we deal with some facts? When is the AGM ? When are the results being published? What are the chances of this lead balloon rising as all the fundamentals are not influencing the price ? I get the feeling that sometype of buyout will take place will that mean the price will increase ?

Bluethunder and scott corp made some points that interested me. Now the share price has dropped to make most of our holdings and indeed the directors holdings worthless and this supposedly has been done intentionally.what would be the point? If the company was sold for say 1p then all the directors would at least lose half their money and why would they like to get rid of us small investors?

Yes, you`re right lots of these posts are uniformed guesses. One thing though PJ has`nt bought a stuffy, out of date camera shop for nothing - equally xps is an internet only company which is one of its strengths. He is obviously going to do something with Jessops could it be anything to do with xps especially with the companys not for sale statement in its recent announcement ?

Firstly thanks to geckoman for email Mr Catterson. Looking at whats been said - looks like a sorry set of excuses such as cash flow is less but....., full and timely review......,all key assets being reviewed..... . If he worked for me he`d be getting an action plan focused on delivering what he said rather than telling us! These reviews, restructures etc have been going on for years now and the sp has been appalling. Lets be honest if we were relying on this for a living we`d be in the poorhouse now. On slightly more positive note that business about the company not being for sale, it would`nt surprise me if a massive restructure took place and certain bits of the business are sold off. Making it possible for the share price to jump. This however is more wishful thinking than reality. We keep having responses - " if this, if that"," working incredibly hard" etc etc. It would be better if the board of directors started delivering results not talking about them. At such a cheap price we`ll see if the directors buy any after the results. Like most people and the car analogy once things are almost worthless you might as well hold on, after all 50-1 horses do win races but rarely!!

I thought I'd write something here,re the results. Expanses are the only shares I hold and like many others I bought them for a number of good reasons - the Market that they are in the CEO (why take a job like this from a big retailer like Carphone WArehouse to a tiny little outfit like expanses for if Mr Catterson can't make this work then it will taint his career prospects undoubtedly), the directors have bought solidly and until now the company has improved.Last hers results seemed to have put things on an even keel but the stuff that cam out yesterday was simply appalling and does not make sense. Two things immediately strike me we are told that the legation action being taken against the company has absolutely no merit yet enormous provision is taken out against this, cash reserves have been spent on what and a restructure will solve all our problems. Expanses has a tiny amount of staff less than 100 so restructuring,downsizing etc whatever you want to call it is not goingo save them a packet and whilst last years closure of their Manchester base would have been a larger savings project nobody should expect it to drastically improve the viability of this company. If expanses had 30 factories across Europe and were going to close half then that would be a radical cost saving measure but outsourcing a few linguists ain't going to mean big savings. I would be interested if somebody could what are the planned restructures and the expected savings. What expanses have always needed to do is sell more.they are in the right Market which is why the "difficult economic times"argument doesn't work, their cost base is tiny (small staff, working through agents etc)they simply need to sell more but make sure that they have the infrastructure (access to stock, delivery times)to make a go of this.I'm afraid the board have had ample time to do this but undoubtedly this company is going backwards not forwards. Don't hold your breath for anything better in Jan as the chairmanship message clearly indicated further bad news. However one positive thing I could say is after a deeply unimpressive re Christmas statement the share price is still over 1p yet the company has been in much bigger messes a few years ago and had share prices much larger than this.perhaps most people have seen through this and if I was looking at this now as a new investment I would leave well alone and I suspect Jansen news will confirm this as a dead duck. Sorry to be so despondent as I like many others thought that this would go places but for the above reasons this company won't be about in 18 months.

I notice that the company has appointed a new broker. Presumably there are a number of reasons for this. Can anybody tell me why ?

Hi can anyone tell me why the sp dropped fr 70p to less than 10p a few years ago ? Thanks