The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
DBB, I can't wait to find out exactly where we stand with Ebioss and their involvement. Obviously their restructuring and LSE listing has created more questions than answers for EQT shareholders.
Here's a thought... could Ian have been caught between a rock and a hard place re. Phoenix invoice?? A confirmation of invoice and revenues would surely have boosted the SP, but given Ebioss a higher exit point and suppressed any SP rise? So may be let them get out of the way and we can move on?
Not for a minute I am suggesting Ian's got shareholders at his heart as he seemed to have acted as a puppet for the lenders in the past. Furthermore, allowing the SP to be decimated by Ebioss has given both the lenders and the directors an opp to take up large positions very cheaply (in case of directors, in lieu if 40% salaries).
The news flow tap could very easily be turned back on as surely the directors and lenders would be 1st to benefit. Also, I can't see Ian facing the shareholders at our AGM with the SP on it's knees.
IMO, there's a case for topping up (averaging down), even for a short/medium term trade... painful as it is, but from here on, we are talking near 50% gain before lenders/directors see any benefit.
IMO, DYOR, GL.
DaddyBigBucks, Re. your question the other day about Mike Joseph and Choksy...
This might explain better:
In March:
Khalid Choksy 175,000,000 8.89%
Mike Joseph 83,832,421 4.26%
With circa 1 billion share issued since then (30% increase), neither are likely to be considered 'significant' relative to the latest holdings as of 1st July.
Sorry to say this, but Smokin, I'll not be waiting for 1p....could be waiting in to late next year, if at all. With 30% more shares in issue and those in sticky hands reducing, traders galore, LTH's p*$$ed off, all of which means recovery will be a slog for the SP. I accept one large concrete contract and it's a different ball game. But for me damage to their credibility is irreparable....that includes the Nomad and IR. IMO. GL.
DBB, It's difficult to determine anything with this company.....everything is vague. No idea what's happened to Choksy and Joseph. Could be out or just that with the dilution and the resulting holdings changes, they've slipped out of the top 5/6 in the league table. This must be the only company that I ever invested in that fails to release TR1's. I have a small holding in BLOE where a big placing led to several TR1's impacting a lot of MAJOR holders. ... 7 TR1's since beginning of May. We seem to TR1 our lenders' holdings only.
yes, an observation I also made. However, the large trades going in 2's and 3's perhpas there's some cross trading (block transfers) taking place, hence the lack of sever movement?... just as well! :0/
Hi DBB. Hope you are well. Thanks for that. I am sure you remember the uncertainty the lack of a Nomad created late last year and the rns stated it was awaiting DD. Here we are and seeing so much nefarious activity, Nomad can not be reached, ditto IR and Ian Price.
Absolutely Gunthorpe. I am fully aware of Align's uber positive notes, paid for by the company will have a bias. But the fact they initiate these so called coverage on stock, makes them sound like some sort of investment guru's. Their track record is poo. The tweets I listed just goes to show they know no more than us. Their existence relies on creating a following and I wonder how many followed/believed in those three tweets. Quite a few IMO as there was a reference to them by the likes of AIMigoes.... As they say DYOR!
Iangreeen, my hunch still sees Ebioss as the culprit. They may be hitting overdrive mode with their disposal before their meeting on 30th. Trouble is their disposal would be known to the management due to the the directors cross-over . I'd rather now that any news was delayed until August.
Smokin, yours "Maybe we all ought to report Ian Price to the FCA...."...
You know what's even more scary?...the useless Nomad. These guys spent almost 2 months doing due diligence before committing to EQT!... wonder if the dd was to ensure they will get paid?
I have repeatedly struggled to get any emails answered by them...specifically re. TR1's.
If you don't larf, you'd cry.....
Check these tweets out!!..(brackets are my footnotes)
@AlignResearch Jun 7
Material price weakness noted in Eqtec #EQT last 24 hrs. We have added 10m on this. - (SP at the time was c 0.42)
@AlignResearch Jun 10
Ref Eqtec #EQT Market intell relayed that peeps were expecting a placing today. Looks like some being caught with their trousers down. We remain long & confident in Co. (yep, then got hit by the placing!)
@AlignResearch Jul 18
Volume tick up of note in Eqtec #EQT Been quite a sell of in recent months. Placees took stock at 0.33p level in cap restructure & lock ins for 6 months so could see a move towards this before any overhang. Key is for company to close North Fork contract for a sentiment boost. (errrmmmm)
Never mind, one day they'll get something right!
I think I'll start my own IR company and offer my services to EQT for half the fees. Such a friggin doddle!
Just answer 1 in 100 emails
Call the shareholders c****s
Ramble on about the regulations without answering any questions/concerns.
Avoid follow up questions.
For all that nothingness, I get to make more money than EQT !.............
Only one problem, I get paid in worthless shares.
Smokin, keep track of Ebioss holding (510,595,678 28th June) and imo, you'll see it drop further @ the next 'major shareholder list' without a peep. IMO, they are still at it. At some point they'll call it a day and that day can't come quick enough for me as evading the regulation doesn't cut it with me.
Smokin, It'd make a friggin refreshing change if we get any mention any where!!!. Yet to find EQT mentioned in Billingham journos and North Fork media. The meeting y'day is a community development monthly get together. Having looked at their past minutes, even Phoenix doesn't get much of a mention of late. I will be looking out for the minutes to see what progress, if any, gets reported. In the mean time, EQT are on radio silence.