Member Info for BillTucker89

DEMPS- I'm trying to stay positive like yourself, but must admit i am loosing patience. We saw a good few bounces from these levels to 1.20 from September onwards but seems to be going downhill at the moment, so the very least we can expect from the BOD is a trading update confirming any potential disasters if any are on the horizon. I'm invested in Capita too which has won a big MOD contract despite being in a similar position to IRV, so i too hold some hope. We need to know of the debt guidance included any further EFW costs, and some disclosure on how much they expect to recoup from insurers would be nice and drive up the share price.

Hard to gage where this is going with the current radio silence, though i might buy some more for trading.

Thanks for the informative response CC2015. It's interesting they have released 15m of share capital, but at the same time stated earnings for this year will be 15m ahead of market expectatiins as a result of fit fir growth.

Let's hope investors get compensated...

Meta, Neither do I as we've not really had any big contracts wins like DWP etc... This year with rrgards to EFW it really depends if tgey had accounted for this when they said dent would be 680n in H1. If they have then great, but if not debt will be hitting 750m and spiralling out of control.

What's more becomibg concerning is the lack of communication from the company. The H1 trading update is normally around May so it's over fue by a mo th already, however it isn't listed on the financial calendar. With Hy18 results due in early August, are we going to even get an update, or will they just give us more bad news on August. I've got a significant amount in here and got burnt by Carillion do really can't afford ant more bad news. Lastly we still dont have the rational behind the nominal sgare valur being dropped to 1p. One would suspect D4E but what do i know.

Good point Bubbles though im still slightly sketchy on them reducing the nominsl share value to 1p as it seems to be too much of a coincidence. Time will tell, let's hope for sime increases in the short term.

ADENJO- i read it last night, and must admit it's got ne bricking a bit as it mention a possible d4e later in the year. That wouls wipe us all out. What did you make of it?

Meta i would think they meant 140p, they have done the same thing a couple of months vack snd corrected the next dat

Garydav- highly unlikely as the trading update should be listed on their financial calendar. As of yet there has been nothing, so I'm guessing we won't get one.

Interesting post Adenjo, the company said profits for this year will be 15m ahead of market expectations, due to the actiins they have taken, and that is exactly how much they have released from SC which can be booked as profit. Let's hope it's not a game of smoke and mirrors.

Rns is out but we wont get a share price surge that people are expecting, as this not a trading update as i said in my earlier post.

Will ee even get a RNS today as the website has mo mention of this? Previous years had 'AGM and trading update' on calendar, but this year's only has AGM.

Thank EodFire, I have managed to average down and my current average is £2, again i got my timing wrong otherwise it would haaave been much lower. However i do intend the tranches i bought at £1 to derisk my position and to release some capital for the rights issue when it comes, so my average will be around £3. I see huge potentiaal in this business too henve why i invested, but it's been a game of smoke aand mirrors by the previos BOD. It will be interesting to see if the shorts start closing after the AGM or HY18, as i can't see the pric e going much lower aseverything is more or less priced in. What can hammer this though is sny more EFW payments, or compensastion from the FCA investigation I won't be complaining though as the previous boat Rd lied through their teeth, so compensation is well deserved.

Thanks Meta, as you say time will tell. Likewise i wish you all the best with your investments.

Meta I totally agree with regards to the bonuses, but unfortunately that's part of the package in these jobs and not limited to IRV. If we look back people like Philip Clarke made £10m from his departure despite overseeing a £262m scandal, Antony Jenkins walked with around £28m even though he failed at Barclays, Fred Goodwin walked away with £5m cash and a £750000 a year pension even though he was at the helm of RBS which posted a 24bn loss and bought the british economies on it's knees. More recent examples include Richard Howson and co rewarded for leading one of thr biggest companies in the UK to collapse. There are many more examples, but you see where I'm coming from. At least no one is currently being awarded for failure at IRV, and these packages have to put on the table to recruit the necessary talent to turn the ship around. So far I think Debbie is doing the right things, but time will tell if it's having a positive impact on the company. If in 6 months time we are still getting bad news, then alarm bells will definently been ringing. I don't get too excited by Director buys either, you only have to look at likes of Carillion and Howson was buying shares right up until the end, but like you say it's not their money. However it does create a certain degree of confidence, but doesn't mean you stop doing your own due diligence.

Meta to be fair I don't think shareholders have been let down by Debbie just yet, Adrian Ringrose let people down big time. Let's face it it's only because of Debbie our shares are worth anything, as we all know this was heading for administration or D4E. However if things have not changed in the 6 months then of course they I would be concerned. It will be interesting if shareholders are compensated on the back of the FCA investigation.

I got my timings wrong, my initial investment was over £4. Oh well you live and and you learn i guess. Personally i'd like to bring my average down too about 1.3 but have money stuck in other shares at the moment so will just stick with my plan. Good luck all and bring on tbe AGM and HY18 results.

Blue fiesta we have no option but to wait. I've invested 65k at an average of 2, though i might sell some if we get a decent rise to decrease my exposure which will take my average to around 3. I will leave those for the longer term. But it does seem unfair there are double standards are in force here.

Going on with this share. When this when to 1.20 back in january, the announcement from capita made it drop back below a £1. However the announcement from Mitie appears to have no bearing which makes me highly suspicious. There is manipulation going on in the background.