Member Info for ismalia

MC about £32m rather than £23

I know nothing about the new Directors - so can anyone enlighten me please.

There is a lot of built up demand and this will be reflected in the overall value of CWD during the coming weeks. Also could we see a bid at these depressed levels?

We will be in suspenders by 7.00 on Monday

At the half year announcement the BOD would have been well versed on the virus and we're quite positive on the y/e EBTIDA of £3.5m. That's good and there should be no excuse for the number to come in less. But Fortitude you and I well know that the market is very unfor giving if a forecast is missed and our guys I hope are not silly enough to have put a number out that they cannot achieve.

More cash wanted to do what with. They reallly do need to sit down and decide where to take the company. Armchair builders won't make TRAF work.

I feel it is not so much the trading activities but perhaps the investments they have in their pre IPO holdings that will secure the future but these may of course require further funding. I'm not too sure about the property activities either as values have slumped as has rental expectations and thus yields. I do not question the ability of the BOD as they are no doubt well qualified. The problem is they walked into what they thought was a playground only to find that COVED 19 had left them in a mine field. The trick now is to navigate an exit which could be difficult notwithstanding the abilities of the BOD. We will see but in the short term pubs will have increased running costs with lower revenues - beer gardens are fine until it ****es with rain and the forecast for the first six months to the end of December may not be that good. Don't get me wrong Fortitude, I have a seasonable holding from the pre BARK days and need the current management to succeed. They are running their business programme as planned but C19 has changed the rules that are yet to be made available to the players.

Well if you can get out at 0.125 I think I would take the money and run.

Thanks Fortitude and first of all I will never recommend any share to friend or foe. But I am a little concerned that although the shares have more than halved over recent weeks the Directors have not sought to reassure shareholders that profits for the year will still be £3.5m. Any buyer coming in at 41p plus will need see the sp double to get back their investment. A pre close update from this strong BODs will be welcome.

The MC of £33m seems a bit low to me - a lot of gloom about at the moment but we are highly operationally geared and when things get a bit of momentum then MC will improve dramatically. Also I would not be surprised to see an opportunistic bid.

Pete640 - are you saying T/O will only come in at 35/45m? It was nearly £600m for the first six months and although business will be well down there will still be enough potential for a useful bid from HRNet imo

Very good but on a p/e of about 100 we need a few more.

At the half year we were told that EBITDA would be about £3.5m which means a figure of a least £4m during the second half to the end of June. But with pubs closed and few sleepovers it means that profits will be coming from the sale of cars: unlikely, or the sale of properties about which we have heard nothing. Property sales will be one offs so what will happen for the year to June '21?
My concern is that we hear nothing from the dynamic Dickson family, and the concern of my friend in the North, who spends a lot of time travelling and is due back from Iceland soon is that: having convinced his good lady that BARK will provide them with a good pension may now only get one egg for breakfast. Fortitude - please convince me that all is well.

But if another offer is forthcoming below the £1.80 level would HRNet take it? There may well need to be a raise but with such an enormous annual turnover, brand and data base STAF is likely to fall to a global player as staying UK based may not be the way forward. Recruitment may struggle in the short term but jobs need people and people need jobs and STAF will benefit from the churn. If we get one offer there will be others.

As we know we have problems but there continues to be a massive disconnect between the MC and the DATA BASE together with the potential revenue streams that STAF has. And that takes no account of the potential bid.

Don't look too good and starting the New Year with a weak Balance Sheet

I'm inclined to side with Pashman on this one. Lots of scope with Iron Ore, and Australia seems to be the go to place for mining. Mexico also looks exiting. Also why would you have a Q&A session unless you had some positive news on projects. I feel the current MC may well be seen to have been a bit of a gift.

Not all would have been expecting this RNS and would have be looking forward to the Q&A. But when PIs look later in the day or this evening then I think we can expect a reasonable amount of interest

My question has been what was the other income of £135k - I cannot find out what it was for but take it out and the s/h result was not that good and of course the pe will then rise.

For my part I think I would rather have 50% of something that could be very meaningful than 100% of something that will go no where. The project needs the cash investment so I see it as a good deal going forward.