Member Info for Ejackson

I agree 100% Columbo.
MA has never paid for anything unless it’s distressed or in administration.
My concern is how he will use his ‘controlling shareholding’ and exercise influence for his own benefit.

Is this simply a reporting requirement or are they announcing something more significant?
I do hope this isn't MA exerting his influence via the back door and an attempt to drive the SPD wedge deeper into our business despite the Board's previous declaration that there was no productive outcome to the last tie up.
I can't help but feel he is holding onto the Studio bone like a Rottweiler that hasn't been fed for a week. The bottom line is, if he wants to buy Studio, pay a decent price but that's how everyone else plays the game and not him.

Nope...

I remain concerned albeit we seem to have stabilised at c.£2. I emailed Catherine James and Will Smith at Tulchan detailing my concern and seeking a response as to what they and the Board felt about the fall in the share price and why we were languishing approx. 40% below where we were the same time last year despite the improved results etc. I haven't had a reply.
I fully appreciate the rules with regards to market sensitive information, however, some reassurance with regards to them saying they plan an Investor Conference/ Open Day at HQ for example would go a long way to alleviating current concerns.
Interestingly there has been no RNS re: change in major shareholders positions following the sale of 773,500 shares earlier this month, so we can only assume someone has been operating under the disclosure radar.

...and we drop by 6.5p or just over 3% in market value.

Tells you all you need to know about MM's.

Why is the market relentlessly pulling the share price down?

We need the funding to be in the game. Without it, we lose our money.
Whether or not you wish to take up further shares is a personal choice with different factors infuencing your own preference to do so or not.
I believe with all the potential opportunities that are now in place to monetise MSAR, QFI is the most investable it has been for a long time, particularly given the heightened state of Environmental awareness we as consumers, our respective Governments and worldwide businesses progressively find ourselves in.

Knowing the lengths MA will go to, my concern here is that he might be ‘cosying up’ to a friendly third party that can accumulate shares, under the reporting / RNS need to make an official announcement and assist/ vote with him in in his ultimate wish to gain control.
The man has shown what depths he is capable of plumbing and he doesn’t care how he gets there.
I hope I am wrong.

I can’t help feel that our SP pattern of behaviour has a familiar feeling about it.
There appears to be some large trades going through and being opptimistic, hopefully it’s just MM’s working it through to a friendly and onside buyer.
We know how SPD picked up the previous shareholding and unless we are facing a repeat situation, I can’t imagine why anyone would want to offload at these prices given all that is known about our trading.
Crossing all my fingers and toes for a rational and favourable explanation.

Another very good TU from SVS given all the global uncertainty at the moment.
They do have an excellent balance to the the revenue stream enabling them to cushion disappointments from certain quarters as and when they arise.
The US operation looks to be on course now and beginning to motor on under the stewardship of Jeremy Helsby and the exchange rate will help hugely too.
Overall, it looks like Mark Ridley has invested quite heavily in recruitment and building the business organically, which is pleasing to see. The revenue growth is impressive and whilst there might be some unavoidable geopolitical bumps in the road ahead, SVS look well placed to deal with them.
A class act and very investable as the strong buying since the TU suggests.

Congratulations 1GW!
Hopefully with the name change we will enter a new era of growth and prosperity....
Currently though, and aside from SPD, I think the recent headlines surrounding a surge in late PPI claims might be acting as a drag on our SP moving north. Some reassuring words from our Board at the appropriate moment and to the effect this remains adequately ring fenced would be welcome news as in the absence of such an RNS, speculation may well increase that a further provision may have to be made.

https://news.sky.com/video/sports-directs-debenhams-stake-time-will-tell-11442616

Great to see such inspired nepotism being laid bare. The synergies between Debenhams and HOF have sadly not been allowed to play themselves out under the ‘expert’ leadership and guidance of SPD And the likes of MA’s daughter’s boyfriend who is the ‘future of the business’.
And after watching such an insightful interview from the ****y, dry mouthed little upstart how could you not be a follower and throw as much money as you can into SPD and back MA all the way to the land of unicorns and fairies.....??? A truly shocking state of affairs whilst all the seasoned members of the Board together with reports that the second tier auditors Grant Thornton continue to race for the Exit sign thereby leaving an ever increasing proportion of sycophants in the MA echo chamber of corporate governance doffing their cap to the mighty Man himself.
In the meantime the share price defies gravity. Truly extraordinary and I can only wait for the next instalment but given the brazen approach of MA, one thing is for sure, it won’t feel shocking when it is delivered.

Totally agree Skindle, there is no logic to our current share price.
As things stand, SPD is in a mess and anyone that can make out an investment case for them, is either the bravest of the brave or needs plain deluded. I just can't see how the Belgians wouldn't have flagged the VAT issue up in some way given the sheer size of the numbers. As for MA just dismissing it and not making any allowance for it in the accounts, beggars belief. No wonder Grant Thornton are being reported as about to resign, as even for them, the company has become too toxic. There are more flags on this company than can be seen in Tiananmen Square on Chinese National Day!
In the meantime, we can only stand by and watch this corporate soap opera unfold and trust that we don't get caught up in it all too much. Going short in shares isn't my thing but surely this must be the most shorted listed companies at the moment.
In a more light hearted moment, was I the only one chuckling to myself when MA stated his legal advisor in Belgium was called 'Laga' which he was reportedly fond of consuming 15 pints of before vomiting in the fireplace at a strategy meeting.....
Given the nauseating mess he is currently presiding over at the moment, it probably only takes a phone call from 'Laga' before he is sent running to the aforementioned again!!

I have said the same previously 1GW and we would be well rid of him.

I think we are all agreed on Education but to get the best price, the Board will want to continue its turnaround to a point that it attracts interest rather than being offloaded for offloaded sake.
In the meantime, it looks like SPD’s share price is going to be put through the shredder on Monday and quite rightly so too, however, I am worried we might get dragged along with it for no other reason than association.

It does appear that with all the shenanigans going on over at SPD we are being pulled back by association.
Why else would our share price be dropping in such a fashion?
It is possible that for some, after yesterdays attempt by SPD to suggest financial irregularities, it may be a case of 'no smoke without fire' despite our Board's robust denial. To me it was a blatant effort to bring the share price down so he could have another go at taking us out cheaply when they are allowed to formally re-bid.
Expect more of the same from that odious individual who plays only by his own rules.

I wish no ill towards any shareholders here but as one that has invested in Findel, I find Mike Ashley a total menace and bully given the content of the RNS provided by Findel yesterday, copied below. He /SPD are nothing other than rank hypocrites. With regards to the investment case at SPD, I cannot find one reason why I would want to be a shareholder in the company with an opaque and deluded strategy that only one man seems to know of but is not willing to be answerable for, however, investors must be alarmed at how members of his senior management continue to walk out the door and move on, rightly distancing themselves from the impending car crash imo. A truly shocking individual.

The Board is disappointed to note that our largest shareholder, Sports Direct International PLC (SDI), voted their shareholding of 31,850,000 shares (36.85% of the Company's issued share capital) against the re-appointment of Mr Caldwell, our CFO. The resolution was nevertheless passed with a vote of 58.06% voting in favour of the resolution and with only 2,059 shares voting against in addition to SDI.
Representatives from SDI made contact with the Company in advance of voting and it is our understanding that they have concerns regarding the Company's accounting policies, and in particular the treatment of SDI as a related party in the Company's 2019 Statutory Accounts and the Company's inventory and depreciation policies. The Audit Committee reviewed these areas as part of the annual audit process and fully agree with the accounting and reporting positions taken in each case, as do the entire Board. The Company's auditors, KPMG LLP, signed an unqualified opinion on 4 June 2019. The Board continues to have full confidence in Mr Caldwell, who will continue as our CFO.

I hope you are right Columbo and from our Boards response it suggests that KPMG have had a confrontation with Grant Thornton which may be part of SPD’s delayed reporting, albeit I believe a small one in the bigger picture of their overall problems.
Time will tell but our forward trajectory is the polar opposite of SPD at this moment in time as I see it.

MA is a total menace and bully.
He cannot control his megalomaniac personality when others don’t agree with him.
What on earth did he think he would achieve by such a move? He just reaffirms the business community’s opinion of him. Extraordinary behaviour and it will be very interesting to see what SPD provide by way of their own results as audited by a firm that is under the microscope.
Truly shocking but a decent and balanced response from our side putting his pathetic move in its place.

I find it disappointing that we are trading at a PE ratio of 8.9% despite a now proven track record of growth, core debt rapidly declining and the customer redress programme almost complete, to name only 3 reasons why we should be attributed a higher valuation.
Interestingly, we were trading 20% higher this time last year. The company has moved on and is set fair for the upcoming and all important Christmas trading period, yet the share price has gone in the opposite direction.
I have to ask, what will it take for the market to recognise the true value of Findel?