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a churn of cfo's for sure but I do not think there is trouble. this mornings rns is welcome and very encouraging. I like the fact they are taking every opportunity to tell everyone financing is in place to compete with the big big boys. whats wrong with that? In the midst of a bear market for oilies nthis has held up ok. I hope to see 250p+ 18 months from now
http://seekingalpha.com/article/2209973-atmel-now-an-execution-story
yeah.. the management are pulling up short on decision making. time, money and resource wasted on a poor legal case. their lawyers must have told them otherwise , took the money and buggered off. I think I need to bail and take the hit here. these guys are management weak
thanks robbo. of course you were one step ahead of the 4 profit warnings as you are savy and we should take on board your advice. so what else is wrong with the management team's performance, leak aside? i could provide you with thousands of examples of other Sp movements pre announcements.. so what. this is good to go as long as we get some new build orders. whats wrong with that
thanks for setting robbo straight. having bought at 78p I watch the new management closely and so far very happy with their performance. Hopefully a new build contract win (of the 3 in final bid stage) to get this over 200p.
are you talking about the new or old management team Big rob?
nope. im saying that you need to READ what had been going on with this badly run business over the last couple of years to know why it is not 300p. did you miss the 4 profit warnings over the last 18-24months? have a look at the chart That is now history, guidance update last month stated they are ahead so results this week should be intersting. we need new rig deals to get to 300p again, not just refurb jobs which of course are important too
oh dear. I hope you are not invested here if you do not know what has happened to this company? I suggest you go look at their recent rns's over the last 18 months.. that will tell you what happened. good recovery prospects from here
good news imo although any good news today is lost in russia. a new rig build contract would shift it north
now only 36% down.. nobody likes to be told sales will be lower, margins are not as good and the competition are there and finally our partner atmel are not generating the sales - who is getting out now or who is brave enough to buy some?