I guess if a director yesterday bought 150,000 shares @ 132p Franchise might have a future..My selling out of good results but 52 week low got the better of me and sold at a big loss.
I held for 4 months and got sick of it going down each so sold yesterday for a loss..The very next day,up goes the SP by a huge amount...Ho Hum!!!
Another issue with pod point,is that the market maker is incredibly manipulative with regards to the SP..The MM makes the spread small at same time as artificially raising the share price..After some buyers sucked in, he quickly widens the spread and lowers the SP.
This is essentially a very good business,but with an incompetent board of directors to take the company forward..EDF is a state owned company,and it is unlikely that their government would allow a full blown takeover.. SP going sideways and perhaps a little backwards for at least a year.This SP has most of the time a big spread between buy and sell,so those getting in might have trouble getting out without incurring a loss.
Staff costs are so high because they predicted a huge ramping up of sales orders due to increased EV purchases..Now that the directors have screwed up everything,it would be expensive to make half redundant..They are living in hope business picks up substantially to more than cover their huge staff costs..However this will never happen as incompetent is the company motto
Very handily,Bob Holt sold a lot of shares and next day an investigation announced in RB..Boohoo this morning increased their holding,but would dearly love to buy out the company,except Boohoo has no money as they are in a debt situation.
She lost about £100,000 on shares purchases whilst at THG.
Looks like no bounce,this time.SP will drift lower for next 6 months until interims,as this company is always very quiet on newsflow.(unless some big purchases from directors.)
Notice 6/9 months ago,when CEO was loudly making big claims about Harvest,that not one single purchase,by directors of its own shares..Also,even at 2p not one single company has come in to takeover Harvest..The board of directors in Harvest seem to be very weak,and lack dynamism.
11 million of them..So many that it is actually share dilutive for the rest of us..73% of shareholders voted to oust these three directors,but they stayed on and gave themselves a hefty present as well..Come AGM they will have to go,but will have ensured they leave with wads of cash in theirpkts
Management very quickly reappointed themselves today,and then swiftly granted themselves 10 million,Nile cost share options..They say as an incentive,but at Nile cost plus their huge wages it is simply giving them money for doing zero
EBITDA is nothing to do with actual profits..In fact a huge EBITDA gain can still be a pre tax loss (as in S4 PLC results) Car sales volumes have been quietly dropped..More share dilution from the US electrics company and eventual extra cost of over 300m USD to that company..It surely must mean in medium term a delisting and into private ownership
Card is doing very well on the high street.The problem with this company is the long wait between results or trading updates.. Momentum is usually lost after a short while..The directors are not good at communication with shareholders.