RE: Tony Richardson's shareholding....22 Jul 2021 10:04
Well done Bronx, you were spot on! Credit where credit is due.
I don't understand the "revenge" dumping of stock though from various posters. The only man who is losing out is AR. OK, he got them for nothijng but he's selling at 21.5p at the lowest, potentially averaging 25/6p. If he was patient and wise he could be drip feeding them out, instead he's doing some headless chicken dumping for spite? If he were to engage his brain he could slowly get an average of 50% more value. Once the stock's sold, its gone. The only one losing out here is AR, and if shareholders believe in OO still (and I know some LTH have had their belief dented somewhat, me being one), then this is a gift - fill yer boots as CF states. I think CF knew all along what was going to pan out here, we should maybe give him some credit here too. If he sells he'll sell at the bottom of the market. GLA
The reality is that we had two big rises last year. First one was from 16p to 32p off the back of the govt contract rumours, however, CF done an analyst presentation prior to the rise in which he alluded to the contract and this was the catalyst. The second one was from 32p to 48p, this was off the back of his two non core asset spin off quote in an investor presentation. So in short, in my opinion RNS’s have had very little impact as the news was already out there. CF likes to leak the news prior, therefore, sentiment will return, a few good presentations will be enough to restore confidence. There should be plenty of good news to communicate over the coming months. AIM is a fickle place and CF knows this, he’s put his money where his mouth is, now it’s time to deliver. GLA
I agree with Markshares. I initially felt it was nothing more than a gesture but on reflection, £300k is a heavy investment in anyone's book. CF will have the vast majority if his cash tied up in OO and Amryt, he doesn't pay himeslf a huge salary here circa £100k annually. So, for him to invest 3 x salary is significant. Not many CEO's in AIM companies invest at this level and they are on 5 times CF's salary. Too easy to criticise, of which I can be guilty too.
Not disagreeing that it’s good for sentiment- absolutely! However, in the scheme of things it’s not highly significant unless he was to buy a large amount which I very much doubt. Contract wins although seen as the norm here are the one thing which drive the business forward. Agreed, that in AIM where any weakness is punished any positive news is important though. I like bricks and mortar RNS’s :-).
If the basis of success of a company is built on whether a CEO adds or doesn’t add to his already major holding then I’d be worried! Let the business do the talking. It’s only a gesture of confidence. Move on. GLA
I've also did the hard work, as have many investors on here, so try not to back your claim with that old chestnut, doing hard work and investing go hand in hand and if you need to keep on telling people how hard you work - then the old saying of "the lady doth protest too much" may be one which fits, not sure on the lady part though :-)
I apologise in advance Ryanwood but you're really coming across as very naive. Some of the LTH's have only had CF's word to go on, and yes he has delivered some contracts and an excellent deal with HM Gov but don't come on here and say that our opinion changes with the direction of the SP because that's just wrong. Some of us have made a conscientious decision on reading between the lines and using the financials to ascertain progress. I said last year, that the full year results announced in June this year would be the first time any investor would have to see the turnaround in the company, the first set of tangibles in which to gauge the company. The accounts did not cut the mustard, why? We all expected a loss, but not to that magnitude, we expected Q4 to be profitable, yes, EBITDA but not operational. The contracts won do have a delay but we're sitting at £200M M Cap - and I'm afraid that CF can tell us how much value the company will have in a few years time but it was not progressing at the same rate as the SP - fact! He's been way way over familiar with the SP and his obsession with it to the point where he's left with egg on his face. Stop fighting the market and let the trend be your friend. Its' not rocket science.
Doesn't matter if there's one seller or a million sellers. If that one seller owns a fair chunk of shares and he's selling you're going down. You're only surmising there's one seller, no evidence of that - the one piece of fact you have is, the supply of shares is outweighing the demand at present.
....and yet the SP keeps falling. MM shenanigans - what a load of old tosh. It's falling because there's more sellers than buyers - simple. It will turn but don't clutch at that old straw.
Feza....you will be fine in the long run. It will pick back up, it needs a bit of time to breath again though. If you're investing for the long term, you will be fine, there is too much going on here for there not to be a reversal sometime soon. I think what we're seeing is a CEO who got ahead of himself but that's not to say he's not doing a good job, he just needs to refrain from being transparent. Also, there is too much of a free float here, too many PI's who have made decent profit over the last year and with the markets being so bleak recently they're going with the momentum and selling - locking in what profits they still have. A few decent comms from the company and they'll be back on the horse.
Nothing more but a token gesture, again, settles the nerves. I have no doubt that he will get it right but not at the rate in which he alludes to in presentations, remember, he can't sell to next year. He's an excited schoolboy, he wants things now, he can't help himself, "he's got the attention span of a gnat" his words.
Agree, but you have to question his motives for disclosing this. Number one: he shouldn't be saying anything like this, no CEO should be hinting to potential news. The only reason you disclose this info is because he's trying to settle nerves and to build a bridge between accounts and "good news". His job is to sell the company but there is a line you don't cross and I'm afraid he's guilty of it. I'm quite sure Leo was dying inside, I've been there, sat next to my CEO when he's spouting all the great things which is going to happen while I know the reality is different and I've got to nod my head, what else can you do?
Best not to say anything, and if you are - keep it real because it will come back to bite you.
I think as of today, its fairly valued for core business. The non core could be worth millions, maybe billions but its all a bit stab in the dark. The real reason why its dropped is trust, I don't think investors belief half of what CF says now, part of his appeal was his transparency and his honesty with shareholders, however, anyone who has been here for a long time now knows that this asset has turned into his liability, he's taken quite a bit of a dent and he needs to rectify that. It's AIM though and sentiment can turn very quickly. There's a lot of good people on this board who do not have motives for their views, its important to separate the wheat from the chaff, we can all make good money here but there needs to be a reality check too, CF got ahead of himself which meant the SP did also, I believe it will get back but it may take time for the dust to settle here.