RE: Just another day on LSE22 May 2025 22:53
"Don't forget we are still in the 'transition' category on LSE which will be outside most regular UK funds mandate."
1Pencil, I meant to respond earlier today, but work caught up big time. What you wrote here clearly shows why we shouldn't have a primary listing on a shiite market that offers no investor depth and has all these weird and wonderful categories that allows management to get away with very basic disclosure on a quarterly basis, unlike what you'd get if you were listed on the other side of the pond.
"basically cost - there's also a interview where the same question was raised, slightly different answer from memory along the lines of 'big fish in small pond' rather than the other-way around."
And then these golden nuggets by old man Martin, assuming it was him that made these quotes. The only cost is the f*uckin discipline they'd need to have as a management team to produce detailed quarterly earnings reports and forecasts. And then the big fish in a small pond comment - crikey, we're nothing but an early stage tadpole larva with the current valuation of less than 2X EBITDA market cap valuation. The reality is that Martin had it easy with inflated valuations when revenue growth was easily had till 2022 and when that growth tide went out (and that's all this shiite market does reward companies on), it showed up a naked Martin for the world to see - oh dear, I can't erase that picture from my head now. :-)
For what's it worth, I'm still adding in the current sub 30s levels and I suppose I have the friggin useless LSE to thank for these cheap shares, but that isn't how it should be.
Anyways, minor rant over and will go back to adding more at these levels should we still linger around here.
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