Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
£22m exceptional expenses in last years results due to IPO and other associated costs (share options), but without those this year, could we return to profit.... and what impact on share price when announced??
Agreed, hard to understand the magnitude of that early drop based on the positive RNS.
What is most challenging is we cannot accept Exec statements at their word. Last year they advised they were on track. We find on update this is not the case. No call after. Trust and visibility have value and this is in short supply. The Chair should be instilling this. Results poor - with a potential for improvement - but you just can’t trust what MM says and Chair is MIA. As you know I’m in 110p ave.
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Correct. How many posters said the absence of a red dot leading up to the results guaranteed they would deliver on previous projections. Corporate governance is still a huge issue as MM does exactly what he wants and no-one pulls him into line.
Read Part 2 as well:
PART 2: THE YEAR AHEAD
Full Price Sales Forecast
Forecasting for the year ahead at this early stage comes with a high level of uncertainty. We have assumed that full price sales for the year ending January 2024 will be down -1.5% against the current year. Underlying product sales are expected to be down -2.2%. Interest income, from our consumer Finance business, is expected to contribute +0.7% growth to sales. This is mainly as a result of consumer balances continuing their return to pre-pandemic levels.
Some might think this forecast is overly cautious in the context of our performance in the second half of this year. However, we believe that the following factors are likely to dampen demand:
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Inflation in essential goods, particularly energy
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Rising mortgage costs as consumers' fixed interest rate deals expire
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Continued price inflation in our own products (see below)
On a more positive note, we expect employment to remain strong so are not anticipating a collapse in demand or any increase in bad debt over and above our current provisions.
All the Buys 09:58 onwards were 15.33 upwards and the first sells after 09:58 was at 15.13, so I'd suggest the biggie was a sell.
23-Dec-22 10:03:23 15.13 36,000 Sell* 15.00 15.50 5,447 O
23-Dec-22 10:01:40 15.13 11,569 Sell* 15.00 15.50 1,750 O
23-Dec-22 10:01:05 15.33 4,094 Buy* 15.00 15.50 627.61 O
23-Dec-22 10:00:12 15.33 10,000 Buy* 15.00 15.50 1,533 O
23-Dec-22 09:57:59 15.35 10,000 Buy* 15.00 15.50 1,535 O
23-Dec-22 09:57:43 15.50 3,225 Buy* 15.00 15.50 499.88 O
But a fool tweeted "released THIS Friday" and failed to deliver. They would have been better saying nothing on Social Media.
Agreed. Although the spread was 200/230, sells were going through around 202/203 and buys at 208/209.
I know, as I took a few more.
Now down below 3%... now off we go!
How many bags rerate this week expected once the gravity of this news filters out to the wider market?
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It's certainly not hit the radar of many yet... 2nd highest riser today and didn't make the Top 20 Hot Chat Topics. Wider awareness is likely to see a greater rise.
... and when you cross reference with the time transacted, the majority look like buys.