Member Info for Culpepper

Yes. We know money is short. But homes are generally our biggest asset, and we like to keep them in good order. A must have. And then there’s the nice to haves, as you point out, with women at the back of things.
I don’t know particularly, but Wickes presents itself as a value for money option, with it’s model geared to lower cost base enabling a better profit margin, with cost benefits to consumers.
It appears a very competitive option in the DIY/DIFM/Smaller trades field of operations.

This is only a personal tale, but had electricians around today. They said, things dropped off a couple of weeks ago, but getting busier again. The same with work they do for builders, dropped off but going back up. Don’t know whether the builders are big or small.
Anyway, there you go. Just what they said.

Some didn’t come out. I’ll fill in. The placings fulfilled the precondition for bank lending. It’s a good and necessary thing. so no good complaint about that. Tribeca as cornerstone, to Wyloo as strategic, and onto the banks.
And I think the proposed Australian listing will go some way to further improving institutional investment.
Good. That’s effectively what I said before.

Thread gone. All happy now. But I think I can reasonably repost for those that took me up on it that the fundamentals are those that appear when you press the thingy at the top.o debt. A good thing.
That also goes to suggestions that ggp may be issuing shares ‘Willy nilly’

Think you were right first time.

Kevin. I supported shares for the bill, as done. Not cash. The day’s ‘discussion’ point. Doesn’t matter a fig what I support or anybody else. They did what they did, as they will in future.

Little summary of finances, but check it out.

After the note conversion, ( and share consolidation ) loan notes outstanding (principal, interest and fees) now £4,542,615.
No bank or overdraft debt at 30th. June.
Cash bank balance above £1m at 30th. Sept.
Positive cash flow over and above the repayment of onerous contracts
Onerous contracts end this year.
Board and management teams to be strengthened.

Summary and Outlook

The board continues to be pleased with the trading as we build for a profitable cash generative year. We continue to build our base of customers and revenue. The company has latter stage engagement with new partners that would deliver a meaningful uplift and deeper spread of revenues for 2023 and beyond.
It has taken over three years to turn the Company around, but I am truly delighted to say that at last, with the sale of Connect last October, we have a profitable Company with excellent prospects. The Company is generating positive cashflow over and above the repayment of onerous contracts (which end this year), with the cash bank balance sitting above £1m at the date these results are posted.
The efforts of all staff involved in this turnaround cannot be underestimated. Some incredibly tough decisions have been made along the way, which has seen good people leave the business because the company neither had the scale or resources to keep them.
At both a trading and post central and PLC costs, we have a profitable business. Our focus is now entirely on growth, continued organic growth and the possibility of acquisitions. We have an exciting future ahead of us.
It is the intention of the Group, following the release of these interim results, to call a General Meeting in order to allow a share capital reorganisation, and to convert the majority of the outstanding loan notes into equity, allowing the Group to reduce the indebtedness of the to an appropriate level.

We can confidently look forward to a positive and rewarding future for IDE shareholders.

I think Ace is right. It really is a pretty nothing RNS in the scheme of things. And it came out at 1039.

I doubt any decision of any weight is, or will be, just ‘Shawn’s call. The board has been strengthened to drive growth and enhance the decision-making process. So far as the equity issue is concerned, I expect the CFO had a hand in it, don’t you?
And sometimes they decide to use their advisors to improve a process. However you look at it, it’s all intended to improve Ggp’s position. The CEO, or MD, presents the view and decision.

SP going up, not down. Nobody’ll be fretting on payment of a bill. Nothing like your proper placing, is it, like you say.

Yes. It’s better done that way in my view as theyre looking to use cash to enhance Havieron and other company development. And why effectively pay bank interest on it anyway, moving forward.

You get another vote on 6th. December, if you disagree and want to tie down hands. Don’t really want another her hoo-ha on that, but if it goes as normal we’ll get one.

That’s at 7.65. Not todays price.

I make that under £1.3m. A lot of money in my personal terms. But Ggp market cap £421m. You can work it as gold and copper in the ground if you like.

The ins and outs aside, it can be wonderful what a straightforward, understandable piece of journalism does for a share price. Nice one.

Excellent context in that article, thankyou. Business is business for both parties to the JV.

I get quite a lot from Halfords too mind, almost anywhere you buy something from.
I don’t reply to them either.

My wife gets them quite often. I believe because she gets the overspill from what I’m holding pretty permanently, isa wise. So it tends to be limited number of companies. And little trading on that account - benefits to cost on HL trading fees. She had one yesterday.
We ignore them, til the next one. And so on.

Yes. Quite regular I think. Maybe to those who they think they can justify as being insufficiently diversified. Drumming up consultation fees, unless you got enough in there for them to do that for free.