Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
So, if after listing in the US, the UK & US companies are two entirely separate legal entities, what might be the implications for the CP judgement against only the UK entity? Might that mean that Mooky could transfer all CINE's assets into the US entity leaving, effectively, just a shell company in the UK? If so, that would give him a very strong hand in negotiating with CP at a time of his choosing.
It is my firm view that STT is not an individual but a group - he once referred to himself as ‘we’. He is relentlessly downbeat and posts continually. He/she/it clearly has considerable computing power at their disposal given the ability to reproduce posts, links and anything else unfavourable in double quick time from years ago.
If he wished me ‘good morning’ I would check my watch.
Having ridden the highs and endured the lows over a number of years I can understand PI sentiment being on the floor but as long as the company is trading and has cash there is (some) hope. I no longer know whether the company has any USP's ( if indeed they ever did it seems) and certainly they now seem to be battling in a crowded market place. All that said, if the 'end to end' stack that Brian talks about works and they can indeed serve ads from mobile through to TV screen, with costs under control, then there might be something there that can be made to succeed. Brian's reputation ( on a number of fronts) is poor and, frankly, I don't think the market believes anything that the management spouts any more. The only puzzle for me is the arrival of Andy Cunningham.
You give the impression of knowledge which, if not inside, is clearly close. I do not share your optimism having been taken in once too often by the BLNX management team. I now, as a matter of course, disregard whatever they say. I am only interested in the numbers ( with, as you rightly say, as much granularity as possible) and I do not want to see the cash pile reducing. However the numbers are dressed up it is the cash pile which, for me, is key. A programme of buy-backs would simply be an invitation to management to muddy the waters on the one area of clarity which we have. Am I that disillusioned? Certainly I am. Plus, management's reputation is on the floor and anything which might encourage the shorters is to be avoided. I remain firmly of the view that the shorting attack was an attempt to kill the company. I do not know whether there remain any naked shares out there. Probably not is the answer, but it is sufficient of a worry for me that I do not want to see the cash pile reduced in an effort to send signals to the market. (A) I don't think the market is listening and (B) our cash pile is about the only positive at present. Management simply need to demonstrate that they are able to generate profit - proper profit that is, none of this 'adjusted EBITDA' nonesense. Once they do that the share price will reflect that fact. Good luck with forward looking statements. I think Hell will freeze over before BLNX embrace that level of sheer professionalism.
Interesting discussion guys. I am surprised at your vehemence Bouncy, particularly as you have usually offered interesting and informative insights into the industry. I guess, like the rest of us, you are frustrated at finding that BLNX were not 'a cut above', for whatever reason, and that maybe Edelman was more sinned against than sinning. I have been frustrated by BM from the word go, particularly his uncanny ability to mix the mangling of the English language with a fractured style of delivery. Not ideal attributes for the CEO of an advertising tech company to demonstrate, particularly given the importance of both clarity of thought and delivery. The TU is detailed in terms of work undertaken and certainly we, as shareholders, have seen offices close and have commented favourably on 1R. The Quantcast figures ( the preferred measurement of the BLNX management team) seem to be moving in the right direction. Given the cash in the bank I am hoping that going bust is not an early option. So, for me, BM now has six months to start to show that he can drive the numbers in the right direction. He is certainly being paid enough. I do not favour a buy back as I think the company's reputation is so damaged that it would likely, at this point, have no positive effect whatever.
Look at the bottom of the page where they list previous articles. Then look at the companies featured and the headings for the articles - says it all really. Blow with the wind to suit their own book.
A number of the funds you show simply hold shares for PI's in nominee accounts. At 30% my understanding is Tosca would have to declare their intentions not necessarily be required to make an offer.
I have been in this dog since the Stanelco days...in fact even before Paul Mines joined and I have seen nothing except dilution, falling s p and "in line with directors expectations". This is a crap company run by a crap management team who have, for years, lined their pockets at the expense of shareholders. It is only sheer bloodymindedness that prevents me from selling ...... Oh yes, plus the fact that, through the incompetence of the management, the value of my holding is a pittance. Shocking, truly shocking.
I suspect the market remembers the unfulfilled promises from the previous management and will not properly respond to sales and other good news until it sees the hard profit figures. On the other hand if you have faith in the new management then this is the time to pick up these shares cheaply. IMHO
Excellent figures. All we need now is for the market to respond positively. Given the oil price and the sector POGL is in I am positive about this share going forward.
I can call up the website you mention but not the article itself. I have tried all the combinations of the detail you show after the basic website but all I get is "website not found". Any suggestions?
Wish I shared your optimism. I have a feeling that this is simply going down the plughole! Look at the posts on advfn.com
What's the story here? Anyone know?
In my humble experience it is never a good idea to make the F.D. into C.E.O. as the two roles require completely different skillsets. Look no further than Blair & Brown!
My worry with these shares is that the coming downturn in the USA, which is stil SIT's main market, may cause orders to dry up either due to customers deferring roofing work , or opting for a cheaper standard covering. "Green" would not seem to be top of the business agenda in the States in which case, presumeably, there will not be much in the way of incentivising grants. Hope I'm wrong.