Member Info for JG68

Pray

Does this look like shorts closing or a leak?

The new 888 CEO just purchased 1 million shares before he started, so nothing to stop him investing now. JL bought some Dec 21 and that's it. P take if you ask me. Put your money where your mouths been the last few years.

Trenners

Would still like to see the BOD put some skin in the game like us mug punters, and not the insulting 20k put in yesterday.

I would like to see Adolpho buy 1 million shares

It was explained from the email yesterday from Helen at IR that fy will be a similar story, but from 24 the 30 million pension deficit will be no longer recurring, nor the 15 mill capex , nor the hack cost, so having waited the last 2 years, 1 more seems more than doable.

At the end of the day by year end this will be virtually debt free when the receipts are in post 30th June, with several businesses operating billions in revenue.

If the market feels that this business model would only be worth 20p p share, these individuals are taking the pee really.

Doubt results will be good, and markets weren't as bearish during the last update so could be whacked on old news.

It's all about target for FCF, closing legacy contracts, confirming order backlog, and hopefully no increase in debt.

Imo really financial progress will not be seen until at least 24, I just pray they don't spring some cash raise to plug the gaps until next year.

So from Helens email we can pretty much expect a similar update in terms of cash outflow at FY in March, except the debt should be lower then due to disposal receipts post 30th June.

So what I got from that is that the real visible transformation won't be evident until 24.

The problem is I can't remember the last time an II took a meaningful position here, even with the current dividend yield, so it makes you wonder if IIs nor directors are buying at such low levels with a decent yield, why not and at what point do they see good value?

Why did Marconi go under?

Probably debt.

So given that debt is largely reduced and fixed long term, no real comparison other than sp decline

Looks like yet another down day for the ftse, it's relentless at the moment, so weak compared to the ROW, we havnt got a chance right now

When you think about it, they havnt produced a set of figures that shows and op profit or net profit since 2019, its no wonder the sp is where it is.

And last year given the large Alsa write down, would have been a lot worse without the covid funding.

This only turns when become profitable it would seem. Market clearly valuing this differently to other loss making growth stocks, it would seem.

One more update in October and then nothing until year end.

I hope they weren't being too optimistic with that H2 guidance.

Paddyboy, not expecting it to bag overnight, but at some stage in the next year or two, to actually stop falling and slowly rise !!!

I really wouldn't be surprised if they significantly reduce, they've held throughout this absolute disaster and probably had enough.

I'm cautiously hopeful they may say something like " If Lewis isn't gone now we will continue selling down"

Cesna

CPI have given very " difficult to pick through" trading updates in terms of financials , certainly at the same time last year, and probably FY 21 in March last year which were presented in such a way which suggested a decent operating and net profit, as a result of disposals.

The market clearly does believe the underlying business is improving or this relentless sell off wouldn't be continuing, surely?

Or this is just a message to the BOD.

After a 5 year turnaround under his stewardship he is about to oversee a 10 year low share price 20.2.

Surely the large holders aren't going to put up with this for much longer.

Hopefully Lewis is ousted this week.

Buy some shares Lewis if everything is so wonderful

Aimmaster

Got news for you imho

Sp is already low 20s!

I predict open of 20.98 tomorrow, and my buy order gets filled.

Sneedway

Thanks for that, much appreciated.

I was thinking that about it being viewed as a zombie company also, except they are seemingly managing to service their debt and reduce it, 900 million I think from last weeks update, so by definition not zombie status as they are reducing it.

I have to say that I'm starting to be curious about what the sum of the parts so to speak, would be worth.

We keep hearing about how MCG owns no or minimal tangible assets etc, so what are these divisions worth if one of them were to be sold?

Would be very interested if anyone could approximate a value.