Member Info for JG68

Contracts make zero difference here fir some reason

20% down in 1 month despite the positive news.

Ffs will be lucky to stay in the 60s at this rate, so gutted I invested here but now stuck with no exit in sight.

Why have they just dropped the bid/offer with all buys preceding?

Illogical

I don't get it at all.

Win big contracts we fall

Fit h upgrade we tank following week

Oil up we fall

Ftse up we fall

It's so tedious now, I'm only holding about 30k now for fomo and the inevitable rerate but that may not materialise until 24/25.

Only logic here is shorters or known issues with cash collection / costs on legacy contracts.

No chance Mikey that is dreamland imo.

This reminds me exactly how the market treated THG ( an AIM type stock loss making) when Mat Moulding consistently over promised and under delivered, developed an extreme hatred for the market and shorters, which are in full swing today with their several 909 algo sells.

He'd lost all credibility with the city and was only temporarily saved recently by takeover interest which eventually fell through, and the THG continued to under deliver and are back down here again.

How can shareholders allow the same board to continue?

Without explanation the u turn over the last 12 weeks is extremely worrying.

What worries me now apart from not trusting a word they say, is what has happened / what have they seen that has prompted such a u turn in such a short space of time that requires a cut in the dividend and sale of assets?

Surely it can't be just poor costing , debt interest payments are known, so even with the lower guidance they should return to a net profit, no ?

So why the almighty u turn or is it simply misleading communication in July and poor management?

Sneedway

Wasn't the EBIT last year minus 158 m ?

Based on that and if they make 185 seems like the markets gone mad.

Closing UT 66.15, even worse.

Pokerchips

As wealthtransfer said how could things have changed so much since the Hy update?

Is this company valued basically on good will?

And as the above stated what further write offs could be coming?

As for BOD not buying now I agree, would look very dodgy, but doesn't excuse Stamp from not buying after HY.

If the update was in fact misleading, he should have sucked it up like Simon Callander did.

Is this really only worth 60p a share?

Wealthtransfer

Exactly my thinking re Cosmen and buying back Alsa (or even the entire company), how is this guy not accountable to anyone ?

Maybe he's just a stubborn mule that is finally listening to shareholders and the market.

How are the major shareholders allowing his disastrous tenure to continue, the guys been a joke.

Should have sold NA last year, the analysts saw it ( Liberium in their sell rating), how did they not act before now?

As for Stamp the new CFO from a year ago, what a disaster he's been too. Clowns

Anyone feel that since his tenure began in Nov 2020 he's been an absolute disaster for this company.

Is he Spanish, was he pushed in to the role by Cosmen?

How can a CEO of this type of business get it so wrong compared to how the FSG CEO has performed in the same time frame, same business, same type of costs.

He's running the company down the toilet with his decision making and lack off previously.

I'd be surprised if board shuffle isn't forthcoming.

Even the tone of all his updates are robotic monotone tripe.

Have they cut dividend because they will be in breach of covenant at FY?

Exactly, the ceo needs to step down today, he's been a disaster, absolute idiot.

Board are clueless and need removing now.

New dividend introduced 6 month's ago.

Clowns both cfo and ceo

Should have looked at this last year.

Just checked hy update says this.

The Group plans to release its next Trading Update on 19 October 2023.

I keep checking the mcg financial calendar where its posted and its still blank.

Can't remember how long b4 last years update it was posted.

I have to say as far as shorters go, Aim is alright really, unlike that complete childish creton lodgeview.

That idiot really gets under my skin.