The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Good question Gazman. My only answer is that it is mainly the brokers job to get that information flow going and the II's attracted. They are obviously failing to do so for whatever reason, be that the fact they are crap, or that NCYT can't sell themselves to them. But as we are basically at cash now its no risk to II's really. they're probably just waiting for the tide to turn
No offence jcb but the sooner you guys and girls who want to crystalise losses are sold up, the sooner this can recover for the rest of us. Could I kindly suggest that those that wish to sell up do it now please, get it over with
For those that have held from 1200 odd earlier this year, a 10% move at this price is equivalent to a couple of percent of their investment, its nothing. Why would anyone care what the price is right now, up our down 10-20% is utterly meaningless to may of us now.
Thats the crooks of it all. We are profitable, sat with near enough 100m in cash plus have debts and tax rebates to come in, and all the time making more money each day. yes its a truely horrendously run company with regards to mcap creation, but fundamentally its masisve value. For me its a sit and wait, how much lower can it go, at this point if they shut up shop and liquidated assets returned the money to shareholders, we'd probably get more money back than the share price
Most investors have lost the will to live with it, and have mostly taken the sod it view now, just leave your investment in until the company sorts itself out. Never been invested in a company where virtually all investors are so hacked off they have no interest in supporting the board. Let's see how they win our support back, because as it stands the board has lost all power
They need votes though for it to go ahead. Didn't I read they only got 1% votes today when they needed 25%? Can't imagine they are going to get anywhere near 20% unless they come out with something mindblowing in the next 2 weeks...
If he doesn't then its going to be the exact same result. Investors arent idiots. Change the resolutions, provide us some positive thing to get behind the company on, or they need to get ready for another humbling.
@sir_digby, I also think they used covid as an excuse to try tohold a closed agm, knowing full well that investor sentiment is heavily against them. I actually thought that pretty cowardly from them. Well, it didn't work for them, so lets see what improvements they bring to the table now
Yep TKR, nothing more motivating for a board to do some actual work, when they are at risk of losing their income and having their wives and husbands nagging them where the money to pay the bills is going to come from.
No better result for me than todays non vote. if we'd just voted everything through it would have meant the same people and the same problems. Now they have to take action, I'm incredibly happy this morning.
When there is no institutional investors, ignoring your PI's is going to end badly indeed for the board. I think finally they are starting to realise this. You can only beat a dog so much with a stick before it turns around and bites your hand off, and make no mistake people we have been that dog.
I voted no, but I would vote yes if they linked future bonus incentives directly to shareholder return. No blanket acceptance from me when they've cost us 80% of our investment this year. Get a new broker in, change the PR and investor relations to a focus on information sharing ands not cloak and daggers, and make it so that when the company profits we all profit. Then I will fully back it.