Member Info for Fevertreeman

THE CAPS ARE MY ADDITIONS TO EXPLAIN THINKING "The Board and I are excited about this next stage in the development of our strategy TO ENRICH OURSELVES, which I AND THE PRIVATE EQUITY MAJORITY SHAREHOLDERS are confident will fully unlock the growth potential of each business FOR US and provide greater optionality to maximise future value for ME, ALAN & THE PE MAJORITY shareholders."

This has PRIVATE EQUITY exit written all over. Am increasingly suspicious of Ashmore, who has delivered nothing for shareholders whilst trousering huge personal wonga. The new holding company structure, with its two separately managed, ring-fenced businesses is perfect PE playbook stuff. Who benefits? Ashnmore for one as note EXECUTIVE CHAIR of Pro Service, whilst ensuring that the current chair nose is kept in joint/in trough as NED chair of the less attractive (PE multiple basis) Ops business. Note tyhat not one of the analysts asked about the glaring conflict of interest that immediately arises between Ashmore as EXECUTIVE Chair and Shorten as his CEO. The fact that this legal separation will lead to big costs so much so that guidance has been withdrawn matters not a fig to Ashmore because he really doesnt care about the shareholders. IMV it is absolutely in Ashmore & the PE ownrs interest that the share price remain nailed to the floor. Why, because that makes it easier to engineer a takeover of the Group at a very cheap price, warehosuing the attractive company- Pro Service - for a future IPO at a higher multiple whilst probably selling on Operations either to a consolidator or avia an MBO

I hope you're right. In the meantime, the Board should be demanding answers from both Newland & Griffiths about the huge discrepancies/outcomes between the information provided/their comments in June (with the raise) vs the outcome at the Interims.

those us investors who backed newland in june will feel (as i do) extraordinarily ****ed off. i would be very surprised if the chairman/berenburg weren't fielding calls from irate s/holders who feel that they were lied to by newland & griffiths

Newland, Griffiths, and the Board directors seem very happy to ensure that shareholders assume the burden of risk. Why else would there be absolutely no director purchases from Nero Griffiths and the others. Newland's inexhaustible appetite for hype has cratered his credibility. One way to restore it would be a proper show of faith in the Company he runs....so what is it Andrew? Do you believe or dont you believe?

Three descriptions of Newland's performance on the interims presentation yesterday. The sp has almost halved since he and Griffiths sandbagged investors with the 15p raise. Simply not credible that in June (when the interims fig was certainly known) Newland was backing the £6m revs fig, but in Sept he annouce3sd that they'll miss by 50%. Also not credible that its down to changes in LDT legislation (known about in April), rather than Newland's appalling stewardship .

Because he gets his for free.......I think the cost-cutting should extend to this man's salary, which is indefensible given he has destroyed value consistently since FDA approval. The ego is astonishing, as is the refusal to accept any responsibility for constant changes in strategy, missed forecasts, statements that verge on fantasy, and what a ppears to be a wilful disregard for shareholders, who are the owners of the company. T

- Newland had confidently stood by FY forecasts of c£6m as recently as June (you may recall back in Jan/Feb he talked of 3x revenues for full year). Given the forecast range for 1H was £1m-£1.3m, in June Newland was effectively saying we'll do £5m in 2H.

- Today 1H results at bottom end of range & lower than same period last year! But the real scandal is the reforecast for FY of £3m-£3.7m , litterally halving the fig of £6m confirmed in June...WTF!!

Awful set of results, and truly, truly shocking behaviour by Newland & Griffiths who have consistently misled shareholders. As recently as June Newland confirmed confidence in FY forecast of £6m, and today lo and behold the figure is half that.

I wonder if there is a fund raise being contemplated....

I have been a big critic of the Abdullahs, given the declines in revs, profits and share price over multiple years . However, QRO has been a fantastic acquisition, and with rail finally waking up and Affini starting to deliver, maybe we have finally turned the corner. Pleased that the sp is back in double figures, long may it last!

The annoying thing is I do have a decent holding, and like others have persevered. But, and its a big but, Newland has yet to deliver ANY RETURNS for his shareholders. Think about that. Any one who has purchase a single share and held onto it is losing money. If you'd been unlucky enough to have fallen for the peak of Newland's hyper-ramping when FDA approval came thro', you'd have lost 90pc on your investment. Even those who avoided peak Nero-hype, are sitting on big losses.....

Disappointed by the performance as there are no signs that Ashmore's strategy is actually going to deliver any time soon.

it seems to be a patteern with Numis/Ashmore RNS announcements that they provide the minimum amount of information, which only leads to more uncertainty:

- "Targeted cost action creating operational efficiency to mitigate demand softness in certain end markets" WHAT actions? Which end markets?

- How many mentions do you need of returns ahead of Cost of Capital...well Numis /Ashmore have it 2x in the RNS. Really poor drafting...

- "Continued strong returns with ROCE above the Group's cost of capital"

- "HSS continues to deliver consistently high returns ahead of cost of capital"

- What does it meran for the management, financing, and expected returns of the 2 separated businesses?

"Each business will now pursue complementary growth strategies with separate management teams and greater control over resources and investment decisions".............for crying out loud Ashmore !!!!!

- Trumpeting Marketplace but how do you model this if there's no figure for average transaction size or you dont define what medium term is!!!!

"Marketplace growth strategy building momentum" ;"Medium term target of 7,000 buyers"

I am particularly annoyed that Ashmore has seen fit to withdraw FY guidance, which should be a great big bloody red flag!!! So what is he saying? I havent a clue what the FY results will look like...is it connected to loss of Amey contract which gets no bloody mention despite the RNS dumping the share price. Ashmore should be forced hard to provide a proper explanation.

"as a result of the new Group structure and the period of transition that this will involve, the Board believes it is prudent to remove guidance until further notice."

Only positive to draw from this is that trading is holding up, but Ashmore has to come out swinging because it would appear that things are nt going well behyind the scene... Other piositve is that Amanda Burton teh SID and Head of Rem Committee who stuffed Ashmore's mouth with gold has seen fit to leave . Absolutely no loss

He has had more than enough cash thrown at him (salary & bonuses) and yet shareholders have seen performance slump despite his relentless messaging that things are going well and it's down to market conditions rather than his strategy & leadership. Well mate, that doesn't seem to have prevented Speedy outperforming has it!

Do we think that the Berenburg analyst who has a 70p+ TP will calling in sick on Thurs?

Newland & Griffiths really do need to drop the relentless hype because shareholders are frnakly fed up to the back teeth with their behaviour. it was predicatblew that ahead of interims Newland would release a few announcemnts. The problem is that neither announcement actually ameks any commercial difference to the here n now. And that is what we have had from these clowns for far too long....obfuscation, delays, obfuscation, delays, missed forecasts etc etc etc

Newland's arrogance continues to astound as he continues to treat his shareholders as idiots. EC, the pattern of behaviour from Newland continues with another hypefest. And yes the interims will be 'paltry' - in case you haven't noticed, Newlands spread of revenues for 1H is 30%, being £1m-£1.3m! Where do you think the number will land?

Really? Typical Newland playbook. Pump out some press releases ahead of disappointment with results. Last week’s commercial deal was so bloody tiny, Newland has the cheek to calm it “modest”, and this from a man that hooplas £250k deals. So today we have another RNS that could have been wrapped up with the Interims. What on earth is the Board doing to rein in Newland

Didnt last long. Purchased a few myself c7p as i think this is s/what oversold despite my misgivings about Ashmore

Because I have too many EC......

Newland's stupidity & hyper-promotion seems to know no bounds. And no one on the Board seems to understand just how dire his reputation has become. Others have said he surely wouldn't be stupid enough to back a FY 3x Revenues a matter of weeks ago given he will have known the Interim figs and have decent visibility on current Q. But this is exactly what he has done time , and time again.

Today's announcement absolutely smacks of desperation (again). As folk have said why announce this now, knowing that the interims are just around the corner , and given it's so insignificant (quite possible that Newland is doing it for effectively nothing just to chalk up a 'win'). The answer must be that Newland has nothing else positive in the locker to announce. Sooner or later the Board needs to come to a decision - Newland & Griffiths have burnt through 10s of millions over last decade. The sp is the lowest its been for over 10 years. The promised progress has not materialised and Newland seems utterly unable to deliver the promised commercial collaborations; meet his own bloody revenue forecasts, or meet his own bloody timelines.

What an untrustworthy clown Newland is! If Newland trumpets £250k as a pilot study then this is going to be an embarrassing pittance isn’t it. Equally he may be so desperate for positive spin that he is effectively paying Recursion!