Member Info for Cruusoe

Some info from Advn

Why are profits down when revenue is up and margins are identical? what are the factors affecting profits?

North America profit down £115m as a consequence of the Feds fiscal stimulus last year. If you net that off then profit for the remainder of the group actually contributed +£59m....as ever the market isn't interested in that detail, just that H1 profit was down.

GBX 116.58
5.87%
-7.27 Today
Sep 22, 9:33:51 AM

As article says “ He left after a series of corporate governance scandals, including a £4.3million fine from the competition watchdog”.

https://www.thisismoney.co.uk/money/markets/article-11235989/Backlash-6m-golden-goodbye-ousted-JD-Sports-boss-Peter-Cowgill.html

Not a shareholder but considering. This extract from Reuters casts a doubt, “ The potential extradition threat was clear in Darktrace’s stock market float. Lynch may be forced to sell his 4.5% stake if he is convicted and the 4.5 billion pound cyber firm warned in its prospectus that a prosecution could put the company and prospective shareholders at risk of money-laundering charges”.
Any wise heads view?

GBX 203.80
3.87%
-8.20 Today
Sep 20, 8:06:32 AM

Says Daily Mail. It could be Redwood Capital Management, LLC hence rise?.

NASDAQ: MARKET OVERVIEW
FREE MARKET UPDATES
11,633.57
-632.84 (-5.16%)

I read he was a source of funding the company, created and named it. At the start of 2022 he was on company’s science and technology advisory council. I’m not a shareholder but just wondering if extradited then Darktrace would be dragged in.

If he extradited could this be a big problem for Darktrace as he was one of the founders and invested possible proceeds from Autonomy?

Up and down.

Wow - Standard Life was one of my favourites once.

Ig.com
Abrdn’s ejection has been a long time coming. When Aberdeen merged with Standard life in 2017, the combined group was worth more than £11 billion; but it’s now collapsed to £3.2 billion as investors deserted and it struggled to integrate back-end systems.

It was also widely mocked for its April 2021 rebranding to Abrdn from Standard Life Aberdeen, giving up a well-recognised brand name for an unpronounceable, vowel-less aberration of the English language.

Back in again at 109.7 before close on Friday. Not much just 1050. Will add if goes down.

It’s an old article from 9th August

My subject should be - after not in

DIRECTOR DEALINGS: JD SPORTS CHAIR PICKS UP SHARES AFTER FOOTASYLUM SALE

(Sharecast News) - JD Sports Fashion shares tumbled more than 5% on Tuesday, as it disclosed share purchases made by its non-executive chair worth almost £0.4m.
The FTSE 100 footwear and apparel retailer said Andy Higginson purchases 292,725 shares on both Monday and Tuesday.

Higginson bought 292,725 shares for 132.67p each, and a further 6,217 shares for 132.32p apiece.

That gave each transaction a total value of £388,358.25, and £8,226.33, respectively.

Following the acquisitions, JD Sports said Higginson had a total interest in 298,942 of its shares, representing 0.01% of its issued share capital.

The purchases came after the company announced on Friday that it had completed the sale of Footasylum to Aurelius Group for £37.5m.

Its £90m acquisition of Footasylum in March 2019 had been mired in controversy, most significantly when it emerged that former chief Peter Cowgill had covertly met Footasylum CEO Barry Brown on two occasions - one in a carpark - amid an arms-length order from the Competition and Markets Authority.

The CMA's investigation into the possibility of limiting competition eventually led to an order for JD Sports to dispose of the chain.

Shares in JD Sports Fashion closed down 5.13% on Tuesday.

Reporting by Josh White at Sharecast.com.

Down 3.9% yesterday. If inflation reaches 18% then retailers will be squealing.

FTSE 100 FALLERS
Abrdn plc
159.03p
Negative
-4.31%
Aviva Plc
440.55p
Negative
-3.99%
Anglo American
2,858.00p
Negative
-3.71%
Legal & General Group plc
273.50p
Negative
-3.12%
M&G plc
208.50p
Negative
-2.57%

At least five today

to 283.9

Over the last ten days or so shares seem to slip back to about 900. Any ideas?. I have bought and sold between early June and early August but not much opportunity since.