RE: Get the debt down6 Mar 2017 09:45
Hi Adastra, Yes I figured you planned to sell soon after they reannounced the loan in November. You sounded very annoyed by this. I think Steffan has had a big impact here. Certainly some of the clients are here because of Steffan and Gavin. The board needs to sort out these ridiculous loans at 12%. They are crippling the firm. 5-6% would be more manageable.
Been a mix of company results here. FTI consulting said they would of had growth of 8.8% in Q4 if not for foreign exchange rates. Huntsworth released a bullish trading update with revenue ahead of forecast due to FX and growth. So some firms are doing very well here.
Porta will have significant gains from currency movement. They also appear to be winning some good contracts too. F and F being one of them. Publicasity has announced 3-4+ new clients in last year. Can the other divisions match this? Australia still seems to be the star performer in the group.
Waiting on trading updates and director buys. Fact is that BM is still buying here and happily taking on millions of issued share. Pretty sure the directors would be buying too if they could. It's another sign that the directors may be locked out. We know Gary Wyatt has almost doubled his stake here. BM and GW are no fools here.
I still think this share is worth considerably more than its current market cap but the company seem to be holding back on releasing data to show how it is really doing. Very frustrating.