Member Info for DaveT1

Adjusted profit up to over £30M with Mcap of 139M
They already took the hit on revaluing downwards
Debt LTV against property is only 48%
remaining NAV per share is 59-60p
Only disappointment for me was the reduction in dividend but given the state of the sector it seemed sensible enough.

After a while you start to dread the next RNS but this one is just perfect!

I have a similar story but I'm happy to hold (and maybe add) expecting the US operations to grow and I'm encouraged by the statement in the accounts...

"the Board has committed to underpin the dividend so that it does not fall below 8p per share"

I think I'd feel obliged to give an update following the previous announcements.. even if it was a disappointing holding update...

and then recover to £2.20

Is just as likely

even with the best research every share is still a bit of a gamble

Reduction in net debt was one of the brighter points of the last accounts.

"This drove a reduction in net debt of £207.1m to £308.1m and our net debt to EBITDA for covenant purposes to a multiple of 1.0x (2017: 1.5x)."

They have enough cash to keep the dividend so hopefully they will.. I'm happy to buy more but with a 25% spread it's difficult persuading my finger to push the button..

Would you mind taking your death spiral somewhere else and watching from a distance if you don't want to invest.

Yup City Financial went bust and everything has been sold.
EU Supply share price suffered yesterday because of it but Enet seems to be holding well.

Great results confirmed.

They mentioned in the rights issue that this years divi would be around a fifth of the usual and said it would be back to normal the following year.

They issued this statement with the proposed sale of real money gaming.. it could mean anything I guess.

" The Board will be reviewing options for the balance of the proceeds above the first £4.2 million including returning cash to shareholders"

Maybe they are preparing to return some cash to shareholders like they hinted at last year.

They had just one job to do.. reduce marketing spend (sigh).

What I really need is a stake in whoever does their marketing.

It will do that if you paid less than the mid-point between the Bid and the Ask