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No I think they is a global issue around travel stocks.
The B/S is less 1/3 the value it was pre pandemic there is a lot more shares in issue so the NAV per share is a lot less then that . Fuel prices are rising, then there is the bad press people get for even flying these days.
Against this, they charging much more for flights and still filling them to the brim, all while buying more aircraft to increase capacity and improve fuel efficiency.
It is taking longer to rebuild confidence, in travel stocks in particular it seems for mostly the above reasons.
What do you think the Directors should be doing differently other then what they are?
I be about £120k better off now if I had stuck with RR not selling up in mid 180's to go large in IAG.
I am confident this will come back on the Q3 earning, but still very annoying in the meantime.
All the fundamentals in IAG are going very well, this should be at similar level as RR right now.
Https://www.thetimes.co.uk/article/iag-is-one-to-put-in-the-hold-as-the-fog-lifts-37jm7gxgz
Interesting take on it.
Any one have the NAV per share and EPS pre pandemic vs now?
Firstly max out your pension payments, all the limits are now £60k a year contribution in total and you can claw back up to three years worth, and allowable for Tax purposes, you also end up with a big pension investment pot to play with all outside TAX.
You only get taxed when you draw from it, if you die before 75 it goes to who ever you say so, outside of IHT so tax free.
When you draw from it your tax rate will likely be less, you wife also has a similar £60k limit, so add her to the limited company.
You can draw down 25% of it tax free with out the triggering pension limits from 55 soon to be 57.
I am an FCCA accountant.
No the public perception the management is competent or incompetent…
That is what makes the difference, so if you find an issue as an investor you quietly deal with it direct.
No I had already seen them.
I am saying you did not have call the SMT unprofessional etc about the mistake publicly.
Nothing else, stop putting words in my mouth.
No I not happy off at you making a massive song and dance about it.
With the current share interest, your public words could easily matter so like I said you may have cost us thousands.
I hold many times the daily liquidity in shares, I can easily move the share price with a buy or sale.
You really are missing the point.
You might win the argument and be entirely right what you said about them, but that does not help them or any other investor.
You might have cost many investors £1000s here, but you don’t give damn, all you care about is you being right and shouting about it, it seems to me. Not the consequences to anyone else or the company.
Of course it’s down to you, you made it worst, you shouted about it public.
I am really annoyed by your stubbornness, any one with half brain can see you made it more painful for every investor, it’s on twitter now being #tagged to the company ..
Can everyone now focus on why we are here to make money.
This whole episode has been an own goal, exasperated by some shareholders need to shout about it publicly.
Which I repeat is like turkeys reminding us it is nearly Christmas. It quite beyond me the logic of this, as it can only damage our investments.
I have shared this board with him for 8 years and I can tell you he can go down a rabbit hole at times. He misses the big picture because of some detail, becoming a gung ho white knight charging in to save the world.
I also would not disagree most of the time his comments are constructive and well thought out.
"Oh btw, since Syn will be owning just under half of the asset Cambay would need to be valued at £200 million for a share price of 1p."
Perfect of example of a negative post .... I did not say I was talking post JV?
Also if the JV values Cambay at £100m they will get £50m cash and own £50m of Cambay after the JV.
This is simple maths ....
You are so busy trying to win an argument, and prove yourself right you are missing the point we are all invested here Gordon, to make money.
I think people ask themselves, why do they own shares in Synergia...
If your post does not add to that value they should keep it themselves, especially in view the way inflammatory, possibly libellous language is being used on this forum currently, I would be fuming and distracted if it was directed at me.
If you have a issue with the company talk to them directly, as by turning off one potential shareholder you are effecting everyone's return which we all know is their if it can be unlocked.
If you pick holes in everything they say they will shut up....
Then people will complain they are saying nothing.....
To get the SP to around 1p they need a Cambay to valued at around £100m UKP by focusing on these details you are missing the overall point this company is massively under valued, to the tune of making a it a 10 bagger easily.
This board membership is acting like a bunch of Turkeys wishing for Christmas to hurry up and come around...