Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Strong set of results but clearly linear advertising still holding them back. All the metrics look promising and whiff of return of tv advertising with Q1 24 being ahead. Digital performance impressive & studios business firing on all cylinders with more to come. Share price reaction disappointing: reflects imo (1) headline profit fall which was already well flagged and (2) Simon Pitts leaving but it’s a long handover ( I wonder where he’s going …..hmmm) and the business he leaves behind has all the building blocks in place and we’ll set for sustained growth…Analysts presentation at 12 noon may spark some interest. Remains very vulnerable to a bid as market has stubbornly refused to give Pitts any credit for the overhaul he has wrought and small cap so out of fashion
Nailed it ! Dont forget this shameless carpet bagger is based in Cyprus which means he really is coining it. Whatever faith the latest bunch of naive punters have in this utter clown, must evaporate shortly. What utter boolox he talks about the NAV of the company being x based on Y gold price. At the moment he has nothing, still no proper funding package signed off, no infrastructure built, no mine commissioned, no gold or copper production/
You have to be joking. The only one benefitting from this ongoing farce is Adams, as he continues to string this out year after year, knowing that he has added yet more to his retirement fund. The Ethiopians have no incventive to sign and every incentive to drag their heels as Adams continues to destroy any hope of shareholder gains. Winnifroth will presumably be choking on his ego
One of the biggest con merchants out there. Everytime he shafts his punters, the Ethiopinas just sit there laughing, knowing they can continue not to sign any documentation, as Adams issues yet more worthless paper.....the man is totally untrustworthy. No progress at all
Shell games aplenty
Or anything OUT OF THE GROUND!
What does that make in terms of shares in issue.....this is getting to Weimar Republic levels isnt it....any one had word from Winnifroth?
No finalised funding package, no infrastructue, no mine, nothing brought out of ground but still Adams continues to shaft investors with nonsense based on gold price etc....FFS Adams you dont actually have anything mined chum.
...partly explains why sp in doldrums: constant drip, drip of sales as Ameriprise Financial, Inc. reduced their stake from just under 10% to s/holding on Fri of 4.3%.....lets hope that the results tomorrow give some cause for optimism, and that with teh overhang behind us the share price will start to finally get going
Any one with any new views?
The Board is an utter disgrace at Angle. Wtf have they done to hold Nero to account. As you say where is the evidence that £6m revs is incoming . Shameful
Nero Newland thrashing around as per usual. Until the team at Angle can put together a proper series of commercial deals supported by successful large scale trials, little hope of proper institutional support. After all, he stuffed his professional base at 80p. There is a still an air of PT Barnum meets Walter Mitty about Newland, which is hugely disappointing given the value destruction he has wrought.
The complete lack of institutional support for UK stock market is just extraordinary. The Tories have completed messed up our capital markets with excessive regulations, taxes etc.....and they can't blame Labour. We now have the absurd situation where Small & Mid cap Indexes have been abandoned by the large insurance companies, pension funds etc... leaving them as nothing more than trading stocks where the fundamentals don't matter.
One has to wonder whether Johnson & Bundred actually have any idea about how the stock market works, what investors demand, etc.....
Is Newland a fantasist, a fabulist or an out-and-out liar? At this point, none of us knows, but I'm pretty sure that those that backed the 80p fund raising have an idea....
A month on from my last comment and still no sign of any contract announcement! So that takes it over 4 months since Milverton confidently told us that the fisrt material contract was imminent!!!! Not the best communications from Milverton, and one can only conclude that things are not going as smoothly as she thought/was told. Finance Director has yet to purchase a single share, which may also indicate that negotiations have either stalled or there's a problem. Over to you, Claire!!!!!
More to come methinks
Redbird IMI has just bought it for £1,15bn! Suspect analysts will be revisiting their valuation on STV ....and about time too
Well said SmellyB. The trouble is with Pinocchio is that one can’t believe a word he says. I remember s/o going back over his pronouncements over the last 7 years and he’s told untruth after untruth. As you say you could paper the Great Wall of China with the share certs that the dodgy Aussie has issued and yet no one here has made any money from their investment in kefi except the odd day trader. The only exception of cuz is Adam’s who seems to have turned Kefi into his own retirement annuity stream, with his consulting fees and salary. And don’t forget in Cyprus the slippery barsteward gets to pay sod all tax. So after all this time we still don’t have monies in the bank, we don’t have any infrastructure built, we don’t have an operational mine, and we certainly don’t have any gold or copper. I still think it’s likely that TK never produces an ounce of gold during Harry’s tenure
1. Certainly the chairman needs to be shown the door and the sooner the announcement comes the better. My advice would be to announce Bundred is not seeking re-election at the AGM (June) when they announce the Year end figs. As for Johnson, who appears to have all the energy of a depleted car battery, he needs to up his game considerably or be told to step aside for a CEO who can deliver on the company's undoubted promise.
Meantime there is an urgent need to professionalise this company at every level. To give an example, they should tighten up reporting timetable: last year Trading Update was on Apr 3rd followed 14 days later by the Prelims, which given the current febrile state of affairs, will merely give Mr Market 2 bites to diss the share price. For a calendar year end company, putting out your prelims in mid April shows just how lax and underpowered the internal finance function was under Cunningham. There is no reason on earth why they cannot either combine the Prelims & TU into one release or alternatively release both on the same day. Over to you CFO!