RE: New investor/Need help1 May 2020 11:19
Starting to smell bad. Chairman left, no trading update - which is usually published early April, SP collapsing, are we heading for another suspension or about to be screwed over by private equity. Can only think that the reasons for delays are bad. With the SP so low, I am not writing this because I have much at stake. But none the less Im out, just on piecing together bad news after bad news, over the last 12 months. I cant see the SP going above 10p even on very good news, due to the amount of people who will want out (bag holders). IMO this is going to go the way of ESL, where the company has deliberately not given any updates to drift the price lower, in order for somebody to hoover up more and more. Like ESL, the gold rush fools will jump in for a couple of weeks and give more money to the large investors. Pension deficit aside, Carclo is basically now a group of small plastics factories dotted round the world, which as one are not efficient. Best thing would be to break them up and sell them to private owners (just like WIPAC was). Pre-pack with the bank?!! If the company genuinely wanted to see a recovery journey that featured private investors they would have made some effort to put some news out, or even find a replacement chairman. Been a good learning experience for me, and found other contributions on this BB interesting, but seriously this is not worth bothering with.