Fat. Lindsay gave a good update in recent times saying costs were reduced and trading in line with expectations. A much better picture than many were predicting. Still slating the old board and little commentary on how your friends are going to turn the company around
Radius. Had the boardroom not changed we would have had a good update off the back of COP. Good news will raise the share price though and I'm guessing SAG won't want this
Strange reaction by the share price. Was expecting further erosion and stagnation for the foreseeable. Perhaps something like a maritime or westek sale type event coming that has changed the rules
As a LTH I am also desperate tbh that SAG don't win the vote. Not a nice bunch of people and don't fancy watching my investment further erode until they can pick up the remainder on the cheap
Surely it's time to sell up Stokey if you have that little faith in the management
They could well do but perhaps might lose a bit from the french deal not happening now. Still think maritime will be sold long before we get to this stage though
After listening to the meeting it would appear maritime and westek will get sold on. Any money raised could clear debts and allow the purchase of a european consultancy group that brings entry into the market
Are we still a going concern? Not great results but nowhere near as bad as some predicted. Looking like Westek will be sold on and it wouldn't surprise me if parts of maritime went too.
That is a fair point Stokey. The board didn't start this and aren't interested in selling so a difficult one. Perhaps they are still incompetent or they know something else is coming that will thwart this
Hopefully getting on with the day job of bringing profitability to the company. Let the chancers make the noise and create the urgency here. Lindsay looks to have been through quite a few sale processes before so will have the right experience if he wishes to fight this
More mud slinging from SAG. Interims should discredit the going concern myth and highlight the opportunistic nature of this approach
Agree Schrodinger. Since the maritime bid news flow has almost stopped. We know the company hasn't stopped though as good progress with the train and order book replenished. Zero in the price for hydrogen and i was hoping for a boost at COP26 plus some units being sold in the not too distant future. Some of the army AI stuff may also have legs. Science group look like a well run company and no doubt they spot value here. Cartmell was gung ho trying to boost turnover in a quick period of time. No reason why Lindsay can't turn this round as he will easily sort the books out and might have some of the pipeline products come good too
It certainly looks like the game could be up for TPG. Remove the maritime unit and there is a clear fit with the science group. It's a pity as so much potential here but nobody to develop this long term. Lets hope the major shareholders can extract maximum value and not just let their friends pick up a bargain on the cheap
Yes i also have that concern. Don't think it will be make or break but enough to cause some challenges
Not sure the maritime sale will have been decided as of yet. Could be quite a complex decision and they haven't exactly taken over a well organised outfight. More likely news is that they have found a respected interim CEO with a track record of steadying and reloating ships. Perhaps covid has disrupted the jobs market and a quality candidate is happy to help until normality resumes and their big jobs appear again
A general meeting shortly after the AGM. Hopefully some of the activity we have been waiting for is about to start
Seems a strange inclusion when many of the doom mongers are predicting a placing is coming soon
I'm expecting another damp squib tbh. Results slightly off due to covid although a few glimmers of hope from emerging areas. An update of sorts without much new being revealed. Share price to go back for a few weeks until the next new early stage trial announcement brings it back to this level. Rinse and repeat
At the moment it's linked with maritime along with a lot of other different parts. The large govt contracts within atmosphere control drive this part of the business. More recently the hydrogen train ,Cullum Detuners and Collins aerospace have become involved in projects. Whilst there are companies like Thales who work in many of these areas its far from clear if its the whole division sparking interest or some specific areas
I would also much prefer a JV venture with a well established company and see if we can monetise some of the new groth areas. Someone like a Thales could also assist within AI and Space growth alongside the maritime parts of interest
From memory Portsmouth falls under Maritime. Remember a long debate about it before as it may fall under the company being sold on