Member Info for Fevertreeman

The company shouldn't be coming out with these statements period. The desperation to move the sp to where he can nbank his 500k is palpable, as is the utter cynicism.

Dream on pal. The idea that there are multiple accounts from one person is as laughable as Adams actually making LTS money. As s/o who sat on a large plc board and advised companies on just this sort of stuff, I would be ashamed to be associated with Adams, who clearly wakes up every morning in Cyprus thinking , I must send out s/thing to hide the fact that there is no actual progress in raising financing, and then forces his advisers to write this nonsense. Desperate stuff from s/o who has lost almost all credibility with professional investors.

Does Pinnochio really think his views on the war are noteworthy? Does he really need to send his thanks and happy Xmas greetings to his staff et al in a bloody RNS announcement to the Stock Exchange? This is utter b-**** again from Adams. What is the Board doing sanctioning this utter crap

Good to know that you consider a former investment professional as a 'babbler' - good grief man!
1. I know the business intimately
2. I have a damn good handle on what investors think of the company's prospects
3. This is above all a trading stock as the fundamentals are structurally challenging
4. It was always viewed as a steady state income play with mid teen margins, but those margins are under pressure given the epic value destruction wrought in past 5 years.
5. At this level downside is probably limited, but could get to £ 1.15 in which case the income yield looks interesting. You can bey better earnings quality financial services businesses currently on a similar yield.

of a few days ago, perfectly capture the disillusionment with the company and its management. Stafford has followed both business closely (Tullett Prebon & ICAP) at the FT for 6/7 years. His conclusion about value destruction from successive managements is on the money - actually its the same executive board management team with just the shuffle of Breteau for Phickackerly and elevation of F from internal post after defenestration by Phickerley of 2 finance directors prior to his own exit.
In short, successive management have been unable to arrest the declines in volumes and revs associated with voice broking, which is the reason M Spencer is no longer on the scene. Tradition, BGC, and TCAP dominate the wholesale markets but TCAP seems particularly poorly managed, as each management team since Terry Smith has viewed the company as little more than a piggy bank to raid for their own enrichment. Huge disillusionment among investors will not go away.

The discount on the sp is all down to Adams - the assets are there but the wrong man is in charge

Adams is a total carpet bagger; I have long given up believing anything that comes out of the sun tanned mouth of his.

The business is close to going to the wall; he has not raised the finance despite years of promises; E is in melt down politically and he is pedalling the myth that all is well - he has to raise funds sharpish so yes another emergency fund raise but what fool will back it?

Pay them better and not in pesos?

Atome is another vehicle for PL -he doesn't give a flying duck for his shareholders

Just when things look like finally turning the corner Levine drops another 11,000,000 to add to the what 1.5 bn shares already issued. Absolutely disgraceful corporate governance, which just reminds one why PL turns over his advisers so rapidly. What a total disgrace - already in the money ffs.....

Sensible commentary....Sweet Fanny Adams as you say has accomplished nothing apart from burning his way through huge amounts of s/holders funds whilst simultaneously diluting long term shareholders, diluting Saudi interests, annoying the Ethiopians, taking a huge monthly consultancy fee, and being economical with la verite!

I think the share slide is down to:
1. Poor last results which wasn't expected by the market - a number of holders commented in their fund updates about this - and the nagging feeling that they overpaid for LQ and it isn't the panacea for structural decline in voicebroking (reason why Michael Spencer engineered the merger to rid himself of voice broking, meaning he could demerge his computer trading platforms into Nex, on a much higher multiple, which he was then able to sell brilliantly. Ever since Phizackerly was CEO it has been a downward trajectory and that is the structural challenge the rump business faces.
2. Omnicron perhaps being the excuse for delaying base rate rises from central banks - which inevitably dampen any prospect of a bounce back in trading vols at TCAP
3. It is certainly a more capital -light business since the redomicile to Jersey, allowed them to release cash that was ring fenced to cover the regulatory capital regime demanded by the FCA but it doesn't seem to have much of a difference to how the company is perceived by investors.
4. The Board is certainly stronger and higher quality but that puts more scrutiny on the 3 amigos running it - I think strategic doubts loom large

Am a big believer in the management team, the product and the opportunity. But yes, in my view, they do need some more concrete news to refocus attention on the company's prospects.

...only a matter of time based on the discussions here about military campaigning before Adams appears in fatigues with map pointer and military map to give s/holders his view. No doubt he will make sure he has the appropriate red shoulder tags to make sure he is a general. Farcical situation which will end soon and badly

Cost would have been paperwork and travel? What about salaries for staff, payments to consultants etc....

The Norwegian blue is still firmly nailed to the perch with Admas trying desperately to flutter its wings and pretend it's alive and kicking. The combo of a war, new covid variant and Admas's unerring ability not to get financing after, what, 3 years, means that the 33pc hold outs for the TK financing will not open their pockets. He will need to convince the Es that he has funding in place to back up the licence, without which the Red card will be produced and licence taken away. Mebbe he can be innovative and get some funding for royalties arrangements but I doubt it as the mine is still in planning stage,so he is left with the s/holders.

Back to the "soon to be announced" line. I wish they would be a tad more circumspect about trailing contracts. We were led to believe that as recently as mid Aug we'd have a stream of announcements in Q4, and then the interims poured cold water on that, and now we have another teasing comment. They know they can't control OEM SOP schedules which are regularly subject to delay, yet they continue to set expectations with off-the-cuff comments that then set expecations....dadft. If I were advising KJ I would tell him to curb his enthusiasm as it just irks investors.

Mid Sept: Interims Statement: much more cautious... "It is not uncommon for SOP dates to be delayed and the ramp varies both by customer and is specific to each individual customer circumstances. These uncertainties are impacting our view of the outlook for 2021.
Mid August: Contract Award from OEM 10 and Notice of Results.........Kevin Johnson: "We We look forward to making further contract award announcements over the next few months."

Very erudite...my offering would be: "Monsieur l’abbé, je déteste ce que vous écrivez, mais je donnerai ma vie pour que vous puissiez continuer à écrire." [Voltaire]

There must a thick book of quotable quotes from the Sunlounger just ready to be hurled at him when the financing fails to arrive within the next 10 weeks.

as the company lurchs forward 'investors' are now reduced to turning themselves into mini Henry Kissingers in order to try to work out wtf is happening in Ethiopia, an unwanted overlay on the day to day wtf is happening to Kefi......Amdas wont pass go and wont get £500k....

I think that's unlikely - more likely is that the auditors are rushed off their feet, short-staffed and having to deal with accounting complexities presented by c-19.Other companies have delayed their results.