Member Info for Fevertreeman

Winnifrith should not have been made an insider -ffs what is the NOMAD doing!

Poiint remains though. news manipulation on speed

Adams released 9 RNS statements in November and 3 to date in Dec before yesterday's bombshell !

If I had been on the board I would not have sanctioned RNS statements relating to Ethiopian geopolitics let alone some of the other equally dubious releases. Since No Adams has released an RNS every 5 days or so. Now you all know why. All part of softening up process ahead of 27% dilutive fund raise, which believe me, takes weeks to arrange.

Winnifrith is as flakey as Adams.Despite his background as a pukka financial journalist, he is as heart a punter running a tip sheet, not an investor

27-35% dilution just to pay off accumulated debts due to total management incompetence in running this project professionally. Which still leaves Adams with a problem of working capital, for which only 500k is allocated. TYou seriously couldn't make this **** up. TK isnt yet built ffs, he hasn't closed the funding consortium, Saudi is years away, and Adams has only 500k of avaiable working capital. RAB and the others who've subscribed were protecting their position and no doubt absolutely apoplectic with Adams. RAB last stepped in at around same price so , assuming they sold on the way up, have actually benefitted from Pinpcchio's chronic incompetence and made money. They and others will just sell into any rise....Adams should not be running a listed company but then the goverance is as **** as his promises as he is both Chairman & CEO.

I think you and I have been saying for years that this isnt a functioning business, but a way to transfer wealth from the naive to the carpet baggers. 35% dilution and Pinocchio continues to chalk up the lies. Anyone who subscirbes to this piece of **** deserves all they get. Adams should be made to walk the plank - as close to crooked as one can get

I think you owe me an apology.

I (and others) have been saying for months that his only way out was yet further dilution despite him saying white was black, and here we are again. I don't expect any of those amateur punters on here who have been so dismissive of myself and others will apologise for their vitriol, but this really is a case of I bloody told you so. Adams credibility hangs by a gossamer thread.

I had hoped when I read about directorate change that he was going...no such luck

That uncertainty was there before fighting broke out; we had the ANS debacle and since then Adams has failed to fully fund Ethiopia, despite saying he was just there.

Spot on. 'Investing' in Kefi is akin to high risk venture capital.

Agree that it is impossible to value this 'project' which has yet to produce anything out of the ground, hasnt got a working mine in place, and doesn't have the funding in place, plus deep disillusionment with Adams...it remains a binary punt -Monte Carlo or bust

All too predictable, as I mentioned back in my post of Nov 22. Fortunately, it looks like they have learnt their lesson, and will be hopefully more circumspect about future prospects whilst giving us quarterly updates.Lets hope this is the influence of the new NEDs on the executive, because Kevin and David's credibility will suffer serious damage if this poor communications is repeated again

Anyone hazard a guess at how much Harry has paid himself cumulatively to achieve sfa in last 3 years since he first did his best to convince punters the monies were almost in the bank? Cant be far short of a 1 million pounds (and that is just just salary +fees)

Spot on ! Broker comp has always been the issue as you know. With Tradition and BGC as aggressive competitors promising better deals for the senior bods, it is a balancing act for management. Cut broker comp and you risk losing the best; dont address broker comp and you have issues with profitability. The problem is that cost - cutting in essence means taking out broker headcount, but there is only so much you can do before it starts to hit revenues. Successive management teams have not been able to get to grips with this. CEO before this one thought he could do so by taking huge costs out of the merged group, but he overpaid for ICAP, which came with a big cost base, and then botched the integration. Present CEO thought Liquidnet was the answer to improving revenues and adding to the offering, -hybrid broking etc. However (1) they overpaid for it (2)Expected quantum of synergies look lower than anticipated (3) COvid has hit them as trading patterns have changed etc....

Totally agree with you. Adams has driven this into the ground - failing to raise the finance he has been promising for years - impoverishing his mug punter s/holders whilst at he same time enjoying a substantial tax-free Cypriot annuity stream from his consultancy fees.

Exactly right. Utterly shameful that the Board was prepared to sign off on this crap but then again the corporate governance also stinks as Adams is Executive chairman and there has been sod all effort made to ensure proper non-exec oversight of Adams, or to get a proper non-exec chair.

No, I don't but I do expect that Adams will be forced to refinance.

The valuation gap between a highly rated outfit like Treatt and Tate is huge, but Tate has to prove that it can pivot successfully in that direction and deliver the forecast growth rates. I think this is a raging long term buy but market cant seem to make its mind up. Unclear how raw materials inflation will affect the new Tate. Lots of questions which is why Mr Market seems uninterested.

So when do you expect TK to launch then? No one is desperate to kill it off -Adams has consistently and relentlessly destryoed value here, with his endless deals, obfuscations and untruths. Look at the share price trajectory, look athe history of broken promises, look at the accounts....