Member Info for hayashi

Exactly..the move to go over 3% was calculated. I have no idea whether this is a simple investment or there is something more behind it. I would slightly incline to the former as he is not in a position to influence anything in the company. However no one invests to lose money and he may be aware of certain pending developments.

Now that is interesting...very interesting. He should know what he's doing and no mistake.

Haha. For some reason it's going up today. Must be more buyers than sellers. It's so exciting.

Return to the dividend list lined up as well. Could see these at 150p before too long.

The company or more particularly the management has made huge blunders but is still in situ. Disastrous decision making with Marsden at the helm. He is best suited to doing tame interviews with the dolly girl. Chairman utterly feeble not to grasp the nettle.

You are right wigwammer the Chairwoman has zero credibility. You cant preside over this shambles and not take some responsibility. Old man Catto must be gutted at the way the ex ceo frittered away the company's money on this expensive acquisition. Here's the plan ...let's buy this resins business on a crazy valuation using debt just before a recession and huge hikes in interest rates. INCOMPETENT MUGS

Just doing some more 'refreshing'. The Eastman resins business was bought for $1bn debt funded. Not too long afterwards the company took a £134m 'writedown' on the acquisition. It couldn't have been worse timed heading into a recession and a massive hike in interest rates. Did the Chairperson and for that matter the FD think it was a good deal at the time. It's a simple yes or no or perhaps they had no say in the matter and it was it was pushed through by Billy BB who has now disappeared to some other chemical entity. You would think that if these people were gambling with their own money they would act more prudently. Eastman obviously spotted a mug and took advantage.

Why is the Chairperson still here when she has presided over such a disaster? Reading up on the background the disastrous acquisition was made by a ceo (who has now left) but used to work for Ineos. Ineos funded most of it's growth from debt (not equity as it is a private company). Guess he saw himself as a billy big boll**** type .

The then exchanges between Chairperson and ceo now read as utterly cringeworthy.

the next results are sept 29th so i believe the company is limited in what it can say at present. all a bit frustrating really.

i used to look forward to results day but after a few years you get get inured to misery!

i think some issues are now being sorted mainly the **** poor sales/marketing. cpx has decent products but couldn't get them to market. running this company from australia was crazy.

Just reading your post Wurzel..sums it up really. The Chairman and ceo are both incompetent liars. The more money they have personally lost the better IMO. Clownish decisions which have brought the company to collapse. Anyone with the stupidity of these two should never be near a plc.

I did pick up on that but gave him the benefit of the doubt. Guess English not his first language....speak it better than write it. I'm now thinking no news till Sept 29th.

I note that in the comments Lars Stegman says (after the usual welcome on board)..@

'Exciting times ahead of us'. Cant see him doing that if the company was f****d.

The one that failed. Maybe he was the chief promoter rather than designer. As ceo one assumes he promoted something that he thought was going to be a winner and not a huge flop.

Are you suggesting that Marsden is and was utterly clueless when it comes to designing a pharmaceutical trial and therefore its catastrophic failure is nothing to do with him whatsoever?

Mr Monk seems to know his onions. Hopefully he will be running trials and not Marsden the man who designed a trial which was guaranteed to fail though he was too thick to realize it. Amazing the company is still talking about trials after years and maybe a decade of failure. Still if its not your money it gives you something to do.

You might be right Kenny. Anyway it's not too long till the next results on Sept 29th. I used to think AK would do his level best to keep the sp high to ward off the chance of a low ball offer from the likes of Musk. But he never seemed to bother about the sp thereby breaking the supposed link between management interests and shareholder interests.

I also thought the Murata deal would be transformational but it doesn't seem to have done much at all.

Oh well....no point in being too gloomy.

Yes it's a big one if it moves from MOU to full JV. Trouble is you keep coming back to the funding situation.

Not much by the look of it. Don't see any need to put out anything on the Friday rise..that's only my view. I'm more interested in the next pre close trading update..if there is one!

4p...you are having a giraffe

Yes as someone said earlier do you really think Continental would not participate in an offer process for CPX. Hopefully Lars has some top contacts there. In fact if a properly structured deal/proposal was put to them I'm sure they would be happy to fund the litigation process. This company needs to be led by someone with vision who can think outside the box and possibly with an end game in mind. Kongats had non of these attributes. Sat in Sydney and tapping shareholders for money for years eventually runs out of steam. I certainly don't want any further dilution from equity issuance. Let's hope there is plenty going on behind the scenes.

The 'loathsome one' will be laughing his socks off.