focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Of course depends on future trading and outlook and this 'strategic review' . If the latter is done well then £1+ could be on the horizon within six months . The stock market can be fickle... As can I, I guess!
Hi, glad I've been entertaining u! Haha My frustration with the management of this company boiled over, and also the silence since the interims. Still no strategic review to present to shareholders and the interims were on the 7th march - it has been a long time . Also, I feel that the way St Ives responds to shareholders leaves a lot to be desired - no one is willing to really engage. Contrast that with, say, Cambian Group where I had more than one personal replies from the CEO. Not expecting that all the time , but actual engagement with shareholders would be good!
since the 30th may (when it closed at 50.25p), it has gone down nine days and stayed level the other, shedding 25%(!!) in that period alone. this, of course, is on top of the other declines in the preceding months. interim results were on the 7th march, when Armitage claimed he would keep shareholders updated in the months ahead, and how acutely aware the directors were of the pain suffered by shareholders..... yeah, right!! since then, absolutely nothing other than a piddling property sale for £4 million... all time lows now and nothing at all from the BoD - utterly shocking and indefensible now. where on earth is this strategic review? I urge all shareholders to bombard head office with your thoughts.... now valued at £53.5 million, which is barely more than double what Armitage agreed to pay for some cruddy acquisition in Jan 2016. the directors are destroying this company - it will be a very stormy AGM.
Is that the market knows this 'strategic review' is going to be awful and have thus marked the shares down to this level for starters . Still see it going lower - market cap of £45 million is on the horizon, and all because management is truly dire !
The sheer incompetence of the directors is astonishing , I agree. Just staggered that they still have nothing to say after three months with the share price at an all time low! Can't believe that the funds invested in this aren't screaming at Armitage ?! Maybe they are , but seems to have no effect. Can picture him in his bunker surrounded by his fellow muppet directors with not the foggiest what to do .... A market cap of £58 million is awful - a competent team could treble that , I'm sure .
About st Ives. Don't make good reading at all. Apparently Armitage refuses to give any comment to them either , so I don't think we should feel left out as shareholders . Down 20% in a calendar week and still nothing . The mms are having a field day
This will be in the 30s later today. There is no support anywhere now - new all time low reached . Management have only had three months to come up with something .... Must need more time.... After all , a quarter of a year is nothing, right?!
Let me know if you get a reply to any of your emails? I have never received a single one. Get the impression they ignore all private shareholders . It's a pity that the institutional shareholders aren't exerting more pressure on the directors .
This closed at 50.25. Down every trading day since. Almost 20% knocked off the market cap is enormous considering it has been dropping more or less for the past three months. Can see them happily taking this into the 30s tomorrow. The board of directors led by the entirely underwhelming Armitage are absolutely wrecking this company. There is simply no leadership and direction - shareholders are ignored. Really want to see him sacked now. Over three months (!!) since the interims and nothing.... Know I'm repeating myself , but it's terrible. Sadly this is pretty much par the course amongst many listed companies now.
Down 5% more today - this is just getting ridiculous. Recommend all holders convey your thoughts to Marketing@st-Ives.co.uk There is no dedicated investor relations person there and you'll struggle to find anyone willing to speak to you or return your call. Sadly sums up the company at this present time