Member Info for Discodave4561

Fair play to you Eric, will say this for you, never a bad word for anyone (well except for the ORE BOD!) and always a wicked sense of humour. Hope this finally gives you something back........still think AR is a complete ******** and should be locked up, but hey ho!. DD

Oh forgot: "This individual has a track record of abusing other posters and other stuff" Have I? pmsl. For others on here, try reading my posts and find out for yourselves. Okay won't say I've never retaliated when provoked but other than that..........as for "other stuff", please QE can you expand on this I'm fascinated!. DD

Your not on filter at the moment QE. Just to answer your questions first of all, before I challenge you to post up proof of your childish allegations. Pre Brexit was saying more than £3, cannot recall the exact value (£4, £4.5?), but that was when the sp was around £4 and they hadn't issued further profit warnings and obviously BREXIT hadn't happened!....durrrr. Yep saying it will now be £3 (was my posting not clear enough?). On another forum I'm saying the same £3. Think you are stalking me and need to read my posts more carefully. I have openly stated that IMO these are worth £2.70 (£3 at a push, but would not even think of buying for various reasons). Now please post up some proof of your wild accusations- have always posted honestly, yes I lost money here (not a packet) and yes it was completely down to me and nobody else, but I am in no way bitter, am an investor and expect to pick losers, par for the course. There used to be a poster on here (forget his name) that always posted up negatively and that the main issues here were due to lack of governance, to my shame and ignorance I completely rebuffed his views and think I filtered him in the end............hands up, how wrong was I. Your main issue with not only me but other posters on this site is you believe that nobody has the right to post anything unless your holding............news flash, people can and do, those with issues should ask themselves why and am I exhibiting confirmation bias. I'm posting my honest views, not deramping, not trying to wind people up.......just trying to learn from my experience, see how this fascinating story unfolds, but also to put forward a contrarian view, nobody has to listen, but maybe some will and they may end up not losing a "packet" - but as ever DYOR. Now, you stated that MA has been buying shares, and that you do read rnses, so can you post up some evidence to support that. Also you were citing the laws/regs around takeovers, would you mind posting up some proof of what you posted (I cannot see anything to support your claims, in fact quite the contrary). As regards "encouraging staff to hold onto shares for a lengthy spell and offering them a bonus for doing so" - it's only for those that actually meet the targets and get the "bonus" and do you know how many employees actually qualify?, well let's just say that if every single employee on the scheme hits their targets then it will only cost £13m, not exactly going to break the bank is it. Regards DD

You still here Eric! Im still waiting to off load the last of mine when they are worth at least the trading fee of £25...........if my calculations are right that's at 2.5p, foook still needs a 52% rise!. From gym equipment to gold exploration to women's clothing.........whatever next!. All the best if your still holding, your patience will hopefully be rewarded as you deserve something. DD

Because people thought on 18th April that it was worth that much, mainly I guess on the back of a strong £. Why does the Company feel they are only worth £3?.........buying cheap or fair price?......neither IMO. DD

Offer will be £3 IMO, SPD (MA) has clearly instructed brokers not to purchase above £3 for the buyback even though the maximum aggregated price is limited to £3 (thus they could buy some in excess of this limit but they haven't). Some posters need to read RNS's carefully, MASH (fat Mike) has not bought any shares, his holding in terms of the number of shares is the same as it's been for years, in percentage terms however it has increased because of the buyback. Mike's not stupid, increased stake without buying a single share. Likewise, some posters need to understand that the 12 month rule does not apply when said holding is a majority holding and has always been in excess of 30% since IPO. Likewise share option schemes, etc, have no precedent in determining a bid price for a compamy, besides the uplift to £4 is a cash sum and is a "bonus" relating to achievement of pre-defined targets / KPI's, has nothing to do with any potential bid price. Have to be careful, some posters handles are not what they appear, or would want you to believe they are!. DD

Offer will be £3 IMO, SPD (MA) has clearly instructed brokers not to purchase above £3 for the buyback even though the maximum aggregated price is limited to £3 (thus they could buy some in excess of this limit but they haven't). Some posters need to read RNS's carefully, MASH (fat Mike) has not bought any shares, his holding in terms of the number of shares is the same as it's been for years, in percentage terms however it has increased because of the buyback. Mike's not stupid, increased stake without buying a single share. Likewise, some posters need to understand that the 12 month rule does not apply when said holding is a majority holding and has always been in excess of 30% since IPO. Likewise share option schemes, etc, have no precedent in determining a bid price for a compamy, besides the uplift to £4 is a cash sum and is a "bonus" relating to achievement of pre-defined targets / KPI's, has nothing to do with any potential bid price. Have to be careful, some posters handles are not what they appear, or would want you to believe they are!. DD

Costa, IMO MA will take this private and won't even need to spend any of his billions to do it. Only 42% to buy now, at £3/share, say £700m, that's easily funded entirely by debt, FY17 EBITDA c £300m (if that!), so well less than 3 x EBITDA, they would be queuing up!.........simples. Keep the buyback going and more acquisitions/property/investments to be funded by banks etc.......MA keeps his billions and keeps his baby. For the record not invested here, I was for a while, just fascinated to see how this unfolds. DD

Was last Thursday. DD

£70

That's "pi's money".....that said pie money still fits!

Ipgsimmo You are aware aren't you that Reynolds was the Chairman of Orogen Gold..........so what wonders did he perform exactly?, well apart from lining his own pocket with pie money whilst he sat on his big fat arse doing sweet FA. Do wish you well........but this is a con pure and simple. Hope the FCA delist it asap so no more punters are mugged of their hard earned. DD

Down 23% is no surprise...................tbh why would you invest here anyway?, its a pile of dog shite and you know what they say about trying to polish turds! DD

That's - THEIR EXCESSIVE SALARIES!

And the gravy train rumbles on.........complete disgrace IMO, 6 months for the new BoD to line up a deal up with some of their pals, maybe even Birdy!, pick up theybexcessive salaries and away we go again.........con artists. Eric - surprised to see you still here but truly wish you good luck. I have have about £23 of shares left, in certicated form and the fees to sell will cost more than the crap shares!. DD

Numis Add target 607 (low IMO) Shore Hold. Nobody calling £4 from what I can see, consensus is a target price of 718 (would take that!). DD

Preferred option I selected was: "Reynolds you can foook off you robbing barsteward, at least Dick Turpin had the decency to wear a mask and didn't come back for more!". Sent my votes also - all resolutions "no foookin chance" a big X in every one of the BoD's boxes!. No way am I going to keep supporting these low life's by taking up the open offer. This is another way of conning people out of money, disgraceful. DD

5eightsaccount We each have our own view on things that's what makes a market. So not wishing to enter into a pointless argument I will attempt to show you that you are wrong (repeat : IMO). The FCA in December stated that they anticipated investor losses will be between 20% to 40% lower after leveraged limits are imposed. So IGG annual UK revenue is about 48% of the group, taking the mid-point of the FCA forecast (30%), revenue may decline by about 14%, note that Q3 Rev per client was down 15% as Q3 would have been impacted by their own self imposed limits on leveraged products (so ahead of the game despite the potential outcome of the FCA). Based on Q3 then year end revenue (worst case!) could be £480m, with operating margin (5 year average) of 44% then pbt £211m, after tax £167m, so eps of 45.5p. Target price using 5 year average PE of 15 (not too demanding!) would be 683p.......excluding their cash pile this is significantly under valued IMO. This is, again IMHO, one of those rare but beautiful occasions when the market has also got it wrong in its valuation of IGG. It has, possibly like yourself, assumed that the FCA regulation (proposals that are already in place at IGG) will reduce their income and profits for the entire group by 35%-40%, it won't as shown by today's numbers. The market is valueing this on a revenue equivalent to 2010 FY (I.e. 35% less Rev) when at year end (May) the share price was.........you guessed it, about where it is now!. 5eightsaccount, would now appreciate your detailed analysis on how you derive a value of £4. No offence, but if it's just a finger in the air then please just walk on by. Thanks DD

That's "pay" his wages!

What a complete con and pile of dog shite. Sold 2/3rds first thing, couldn't sell the rest as in a certicated account which, wait for it, would have not realised enough dosh to pay the trading fee!.......got to laugh!. Amazing how all previous RNS's have obviously been complete bull shit, might not be illegal but it's definitely immoral and the BoD are complete low life's IMO. Notice a poster still thinks the sun shines out of AR's arse - he has been on the BoD for 5 years is it?, so just as bad if not worse as he has the brass neck to still expect mug punters to lay his wages!. I for one have no intention of taking up the open offer, not worth it, the spread will ensure no profit can be made, besides I need it to get to at least 0.010149p in order not to owe my broker money when I sell what little I have left. Even though I'm gutted, it's been a lesson learnt........and the LTH posting on here are a credit to pi's, and funny with it!. All the very best, may pop in when/if this reaches 0.011 :) DD