Member Info for Cherokee101

Yes this RNS does say that AH is still President.

But the last RNS said he wasn't voted back on the BoD.......

This RNS is not the clearest, but Habib has been active on his linkedin, just yesterday.

Given the fact that he still calls himself President of both NRR and AMC at his current job titles on linkedin, we should expect it is the case.

still very bizarre that they haven't sought to clear it up.

How long have you been invested here?

Jesus. What a f**king crazy horse this is!

Linked to the incredibly secure value of Bitcoin.

Nothing will happen until the BoD pull their finger out and provide clarity on Habib.

Some people believe he has left the company. But we have heard zilch since the AGM.

Luckily for me this is a small punt.

You stuck 20k in here?

Jeez how big is your portfolio??

I am currently dealing with solicitors. They take a long time in ordinary circumstances.

Throw in a global pandemic and nobody works.

If AH was leaving surely that would be RNS worthy?

All mining companies are up massively today.

Strong metal prices and general upbeat outlook on economy.

Market clearly wants a bit of certainty around the BoD shenanigans at the moment.

Once we get clarity (good or bad) it will benefit the price longer term.

I entered as a punt, but the more I read into the assets, the more I am astonished.

Most mining stocks are up so I'd guess this is up with broader sentiment.

I like their products. These guys are hotting up and will dominate the sector one day. Lots of top fund managers backing them in the small cap space.

In the last annual report the BoD noted they didn't expect the lockdown boost to continue. There is also the notion that they have failed to branch out of racing at least three times and so their target market is limited.

The F1 contract is basically what the cash flows are predicated on going forward and how safe that contract is with them.

If the BoD were just a bit more positive I would have stuck around. But I made more than 70% and happy with that.

EA are paying quite a substantial premium IMO. Probably fairly valued at this levels.

Codemasters is really all about Formula 1 which has historically generated the majority of profits. So it's how valuable you think that franchise is vs peers.

I think it was worse that the management bit TT's hands off at the first sign of a payout. Whatever happens they need to be turfed out.

Well done all those who held on!

Well... i've sold out. Been in since £3. Management have said they see a very difficult period ahead. They are behind in GAAS and mobile, and every time they branch out of cars they suck.

Fast and furious franchise isn't great either.

This is also a principle thing for me now, management have shown their true hand and what they care about ($$$). So even if the takeover fails I wouldn't want them leading the company.

The only thing on price however, is that the offer was made in the belly of the covid crisis, and was over a 40% premium to that price. So it was fair value when made and accepted.

Forgive my interjection as a first post on fevertree.

But the short answer is no.

What do you think about the cost pressures? And do you think pe of 42x is overpriced?

The company is trading at 45 PE, for not a crazy amount of growth.

It also breached its 200mda ona technical basis so was always due a pullback.

If results are good I will initiate a position and hold. Dont want it to become a fevertree...

"We make steady average income of 8 or 9% on average. If you want more than that then there is only one way to achieve it - increase risk"

8 or 9% income yield?

Are you invested in CCC rated bonds?...