Member Info for GrumpyScouser

I was reluctant to comment lest I be charged with predictability ;-)

I took a view to continue to invest here based on reality: it's not a punt for me. This has given me an average well below £2 and, although I am (as of very recently) under water, when the business is valued at cash in the bank I see this as a relatively low risk situation. Based on the track record of those who will (at some undefined stage in the future) sell the businesses, AND the very recent investments by II's (who are in this only for profit), then I remain happy with my investment DESPITE the frustration of the ongoing sp depression.

I've not been to Jericho so am unable to comment about the horns: they we're, however, significantly louder than the ones on the New Brighton Ferry. Of course there were alarms ringing when Rob Terry's smoke and mirrors unwound: the £2bn mcap was as secure as an elephant on a tightrope and I lost a large % of my initial investment. However, as time progressed, the new leadership came on board, PSD sold, junk sold, pragmatic and (dare I say) leadership with very well known integrity restructured the business....I have invested more and more thus reducing my average very considerably. But I have done that on the basis of:- - The current business strategy - The known threats from SGH & SFO (I discount YLF almost completely from my calculations) - An expectation of IM being here for considerably longer. Having now read the RNS in full, several times, there is only one material negative from the document (in my opinion) and that remains Indro's departure. Delete that from the document and we appear to have a company which is STILL reducing costs, increasing turnover and profit and remains on track, as previously announced, to move into overall profit in 2018.

How delightful! Hopefully with a very large display of various appropriate mixers........ ;-)

I have two thoughts about your post Phoenix: - S&G does not completely depend on a judge: it also depends significantly on the WTG response to the potential and as yet not initiated claim. At this point the senior barrister gave an opninion based solely, I believe, on SGH's side of the story. - You made some incorrect assumptions about the SFO having found irregularities. That's not how they work and this could remain open without 'fault' for up to 5 years. I would expect that Lord Howard QC has somewhat better insight than we 'Bulletin Board Morons' and trust that he is trying to resolve (close) this so that shareholders are not further punished if no charges are to be brought (which is my assumption, since none *have* been brought against former or current directors).

I don't care who the buyer is, so long as it's for cash and at the right price. the BoD appear adept at extracting maximum value for businesses so only time will tell. Once it's sold it won't be ours to think about ;-)

@addinckt: yup...I've read every word (some of it more than once). I agree with what you've said although I disagree with the inference that this is going to cost us PI's even more. Personally of course I woul dhave liked to see the reshaped business roll forward for many years and grow, but if the right buyer comes along and for the right price, I'll be glad to see the back of this. Again: I'm not commenting on prices because we're all in different situations and they will NEVER be able to satisfy those with high averages (in my opinion).

I really think you're jumping to conclusions. Personally I'm disappointed by IM's decision to leave, but he 'gets his kicks' (my expression) from re-structuring businesses and that now appears complete. I have to say that I personally work in a similar way so can empathise with his position. The rest of the RNS shows a continuation of what he set in motion: reduced costs (which will continue further), increased revenues and further moves into overall profit. For those who read it in greater detail the information is all in there. I've no comment about eventual selling prices and shareholder return: personally I am fortunate to have a significantly reduced average and I'm very aware that there are others who are not so fortunate. However, NOTHING in the RNS indicates immediate sell-offs OR desperation to sell. Its just frank and open about their intentions. If only the previous leadership were the same ;-)

Following my post of Monday.....it's due this week.

I don't think there's anything to calm: quite the opposite,,,,,,it needs exciting. The volumes are almost zero so it's not panic. The accounts will be out well before then as the company have already confirmed to an enquiry. The last lot left everything to the last minute....now that the initial mess has been dealt with the current leadership can issue accounts in a far more timely way.

There's a FY16 update due within a month: I imagine this will include a trading update. If only IIs are buying the share but managing to hold the price down....what can the company do?

You might want to provide copies to WTG to review...although I imagine that's already happened from others;-)

Autocorrect = Marsh.

Sarah's condescending response was incorrect. I didn't like it and like everyone here I'm free to make that clear. Big hugs xx

That's an interesting thought Lindoser: did you mean swap escrow for the remaining UK PSD busines??

Despite Marsh trying to 'helpfully' explain the market to us I was right. Someone was sucking up the sells....once again. It's all a big game.. ..all this II buying and yet the price drops. Some impolite words come to mind....still: they're in this only for one thing so I shall wait.

Held by IIs.....and who knows what others are as yet in declared? Hmmm...and the price drops.

There are others not showing....anywhere. strange.

Just explain to me: who on earth is buying all these chunky sells?? Or is it the Share Fairy who is doing it out of charity?

Yes still in FEVR ....and drinking gin due to WTG!