RE: here and now30 May 2013 10:07
Reggie, calm down dear!
Please get your facts straight before slinging mud as it does make you look somewhat daft.
I picked you up on basic factual errors,
Firstly quoting from broker reports which are years out of date, from a previous broker and under previous management…..naturally enough you don't answer this in your diatribe but try to divert the conversation to other matters. When you are trying to knock a company try using up to date estimates as a yardstick..I kindly supplied you with those latest estimates from Autumn 2012
Secondly, the growing season is a month late and I suggested this may affect when sales come in in the calendar year. This could affect all aggro chems. Not an unreasonable suggestion.
They didn't sack all those staff by the way….some left and a core seem to have joined Blezard in his new venture.
I agree funds will be tight. They need to get sales uplift to ease pressure; The ever improving margins are a real boon. Resolution of the Arysta debt is a another key thing to conclude.
The share price has improved 50% in recent months largely due to II buying. AS Henderson sold out, Hargreave Hale and City Natural Resources have built up decent stakes. Not to forget two experienced, professional investors who have decades of stockbroking, investing experience both took over 3% stakes last year. The CEO bought a 1% stake in the company…not an insignificant amount of capital.
So far, this management has done exactly what it set out to do. They are now in the second phase of their plan….sales growth . I hope they are successful.
Reggie, try and post relevant information and I wont pick you up for posting nonsense.
Have a nice day and good luck PIM