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@ simx.
""""Everything that has happened thus far that is in the public realm is as he anticipated,""""
Would this include when he publicly stated that he had no intention of making a takeover bid for IDS? Shortly after he was allowed to up his stake beyond 25% with full agreement from NS & I?
His lies didn't last long, did they. And because of these lies, N S & I will not allow him or his affiliated companies, to take over IDS.
Just my opinion, and it certainly will not stop him from making another bid.
@ Lamps56.
So, you didn't think that CC saying that waiting for the funds from Vanchem and Mokopane sale would be too late, was a concern.
2 of our biggest investors, SPR (14%) and Acacia(6%) have recently not come forward with promised funds. Although SPR did remedy the situation, sort of. They provided their own, interest free, loan which, when it was received, only led to 11 days of shutdown, because the funds were not received on time.
And saying that i averaged down to a 60% loss, would seem a bit odd, would it not?
FYI.
I have just under 700,000 shares @ average 2p. Book cost just under 14K. Loss £9,500, 68%. If i'm going to take a loss, who's gonna worry about the 8% that i didn't mention, when soon that loss will be 100%.
I hope i'm wrong. But i doubt it.
@ Simx.
Daniel may actually be waiting until the last minute, so the price drops, and he can be put in a higher bid than 320p, but lower than what he, and the board, actually value the company at.
I'll also assume that the OFCOM review will be released post 15th May. I cannot find a date for this. Daniel would not want this info released before he has made a further bid, surely? Assumptions again, but a man of his calibre, would surely have some sort of insight into this review.
Or maybe, he is quietly selling his shares. He's made his money here, unlike some.
I could be wrong on all counts though.
@ Lamps.
My average is about 1.8p. I could look but i wont bother. I actually bought many more at 0.6p after the recent RNS, to bring my average down. I could sell these at a small profit. And, FWIW, I was one of the lucky ones who was investing @ 1.4p, 7 ish years ago. I've made my money here, but came back to make some more. I believe the company has now been set up to fail. With several big hitters waiting in the wings.
I do hope that i am wrong. Unfortunately, with the delay in funds from some of our bigger investors, and still on-going, it would appear that i am right.
@ Farmog. Just this bit from your post says it all.
"""If Orion et al cannot see the monumental change done at Vanchem and see what is coming at Vametco then we are stuffed."""
They can. That's the concern.
@pb940.
Thanks for the link. My take on it is that we will be gone within two months. SPR look like they could be our only saviour. Why can they not provide an interest free loan in lieu of the sale of vanchem and Mokopane? Much like they did in February. Probably because they want the whole business for peanuts.
CC's bullishness going forward is great, but i think this presentation is just readying everyone for the inevitable.
Do i take a 60% loss tomorrow, hold for one more spike, or hold in case i'm totally wrong? I think it will be the latter. AIM is for gamblers, after all.
The desperation to convince not only others, but himself, is clearly evident.
How sad.
Posters that have been wrong according to "The Great One".
Redceo. In profit.
Oli G. In profit.
Wolveposty. In profit.
Telso. In profit.
The Spyceman. In profit.
To name a few.
Now for the posters "NOT" in profit.
angersharkz
themoneyshark
maximus1
Please feel free to add to either of the lists above.
@ Oli G.
The Iceman has cometh, and now The Iceman has probably goneth awayeth.
There's a rumour in my office that there is new buyer sniffing around.
The Spyceman.
Putting in a bid for 120p, i hear. LOL
@ Dowsie.
Can you tell me why the price is at 270p, if Daniel is going to put in a higher official bid?
There are people who know what his intentions are, people much more knowledgeable than anyone on this board. With the exception of "THE GREAT ONE", of course.
Would these people not be loading up now?
If i knew, or even thought, that Daniel was going to put in a higher official bid for IDS, then i'd throw everything at it. What's the point in waiting until after the event?
I could be wrong, but something does not stack up.
Just my opinion.
@ Knoydarts.
Have you seen the RM proposition to OFCOM?
How would your new dedicated parcel routes fit in with this new proposal?
@ Balanced66.
What reality is that?
That the company is struggling? That promised funds have not arrived, as promised? That the price of vanadium is currently in the downward cycle? That the company could go belly up? That they need millions in the next few months to service a debt? That i may lose all my money? That this is AIM, and it's a high risk environment to invest in?
I knew all this. And i'll assume, anyone doing their due diligence, would too.
So, what reality should i be facing?
@ beginerman.
Yet you assume that people are investing because of a chat forum. Your 19.29 post.
So i will assume, maybe wrongly, that you are one of these hapless investors who have been """"taken in by the over exuberant rampers of the last few years"""". Maybe not here, but possibly other companies. Once bitten, twice shy. And all that.
@ Talk2Much.
Duty structures? That was not shown in the correspondense that i've seen. If you haven't seen it, this is how it looks. Rouites 1 - 6.
Week 1, Monday:
Routes 1, 2 & 3 all items delivered by one postie on each. It doesn't say if they are single vans etc.
Routes 4, 5 & 6. Parcels and 1st class letters
Tuesday:
Routes 1,2 & 3. Parcels and 1st class letters.
Routes 4, 5 & 6 all items delivered by one postie on each.
And you keep flip flopping.
This lends you to a Saturday off every other weekend. Although, if you're a non driver, it would seem that you have every Saturday off. Rest day covers are in the mix as part of this structure. Reserves will be reduced as there will less duties.
However, if duties are reduced in size, everything increases.
I imagine because of the parcel structure within this new idea, DPR's (as stand alone jobs) will no longer be needed.
22,000 job losses in delivery? No chance.
I do wonder though, if outdoor actuals are being used to judge what can be lost, and where.
@ beginerman.
If your investment strategy is based around a chat forum, more fool you. Please don't judge others by your standards. If anyone is foolish enough to rely on an anonymous poster, more fool them. It would appear that by your """"taken in by the over exuberant rampers of the last few years"""" post, that you are one of them. Shame on you.
@ Talk2Much. 20.40 post.
You will need 5 posties instead of seven to cover 7 duties. 28% less.
Using an office with 42 routes as an example, that would be 12 routes gone, leaving 30. Using RM figures of an increase in call rate from 40% to 70% would then require an extra 75% of duties. An extra 23, making 53. This includes rest day covers, but not reserves, which i think is about 25% of staffing level. Not much saving there.
The one thing that i didn't see in RM's version of how this will work, is who delivers the small tracked parcels, on the days that the parcel/1st class letters postie is delivering on his route.
@ AbjectPerformer. Macro nonsense? This is what RM do. It would be so much easier just to strip out 15% of duties, and fail.
@ Oli G.
Unfortunately, yes.
He was banned for months because of his abusive posts/nature. He claimed to have found "utopia" with like minded people, who knew the investment game inside out. That explained his absence.
He is now back here and nothing much has changed.
Still abusive. Still condescending. Still obnoxious.
AND STILL UNDER WATER. Despite the best efforts of Daniel.
LOLOL.
@ DerekR, JBT.
This is the interesting part from the RNS.
"""Royal Mail's proposal, if implemented, would reduce the net cost of the Universal Service by up to £300 million per year, through a net reduction in daily delivery routes of 7,000-9,000."""
I have a feeling that failure to meet delivery guidelines, will become more commonplace.
I posted on here a while back that RM said that delivery size would reduce because of the increase in call rate. Thereby increasing the number of routes. Not so, it would seem.
@ Shinyfings.
I said as much about a week ago, and was lambasted by the knowledgeable.
How dare you have a differing opinion to the great one!
@ Oli G.
And despite the fact that it would apparently need """an extortionate amount of money" to prise IDS from the fingertips of Daniel, the share price is still lower than a few months back.
Anybody in their right mind, who believes Daniel will make a substantially higher offer, will throw everything available, financially, at this.