Member Info for JG68

Paddyboy

I'm big in here like you and wish I had sold out and bought back in 30k cheaper!

You do have to ask yourself why the market reaction to reintroduction of dividends between this and say MKS who have stated they will restart dividends in November, is so different?

MKS soared and stayed up and this, well only negative.

And you can't look at their revenue, really it's irrelevant if they're not showing profit, just look at cpi nearly 3 billion revenue, approx double the shares, and it's 27p, and that was 10 quid at one point and we'll over a quid pre covid.

So there is no escaping that despite what we all read as positive updates, increasing revenue, dividends, the market continues to think otherwise.

I think the Alsa impairment leading to a loss last year is what the market is going by, coupled with net debt.

So until they produce a set of results that show improved cashflow, operating profit and reduced debt, which I'm praying is 3 weeks time, there is no end to this slide.

You lot are pathetic, just like your dodgy board.

Your so focused on getting something for nothing, like cheap labour, rewarding directors for such an outstanding shareholder performance, and clinging onto hope that you can somehow try and wrestle another company on the cheap.

Focus on your companies own shortcomings.

It's so nice to have double bagged on revb

Evanescent

I'm invested and never short so not exactly sure what you mean.

But still, you would have thought the board would release something to clarify such a damaging statement. I'm baffled they havnt.

Sorry wrong thread

Why havnt the board made a statement, is it really not worthy of a response, seems very odd to me ?

Plus as long as all Mavericks gaps get filled, all will be OK!!

Probably why it's not affecting us too much today, minimal holding.

However very surprised that IR havnt issues a statement, unless they didn't even see it last night, because it paints a very dim picture of the company, and you can be sure plenty of prospective clients have read it.

Vincentvega

53 million is about 10% ish, where do you see that?

I see Azvalor as having a very large holding in 2 funds, one with 54 million, but can't see Norwegian wealth fund?

Are we gonna hear what a bargain this is again!!

Been thinking that all the way down but it just keeps falling.

I'll top up again in the 70s, got too many through trying to catch this falling knife since 140.

Can't even find what their holding is, must be very small considering.

And of course we can only assume its old news related to the sfo saga, but still it's a bit defamatory to publicly state something like that.

Would really expect a response from IR this morning, but they must be asleep behind the wheel..

The news feed above, last night

What about that negative news release last night from the Norwegian wealth fund.

Placed on observation as risk of financial irregularities and corruption.

Not nice to read.

Locky

I don't know , and everything I've read over the last 2 years has drawn me to the same conclusion as you. Apart from the profit Warning last year stating reduced margins initially, but the rest of that TU confirming their evolve plan was positive.

But the market disagrees, and here we are under their watch.

It's a bad state of affairs when you can positively say that every single investor (99%) both II and PI are underwater, and imo a lot of them so far down that it's a long way back from here.

Lastly I feel that they could communicate more regularly, certainly more than every six months from October to March which is their standard, and sound a lot more positive and upbeat in their trading updates.

Why would any IIs invest in this for dividends when you buy lgen for 220 yielding 9%, and they only confirmed yesterday that they are on track to grow it by 5% this year and next year?

This is why we have we haven't seen any IIs building a stake, only dumping this.

It's a proper 5h1t show that the board have overseen since covid.

What else can you say.

Starsailor

Totally agree, it's so unmonitored that get away with anything.

If the market was true and priced as it should be according to supply and demand, as soon as that order was filled at 81, price should have remained at that level. Especially because it seems to have been filled in market hours.

LSE is just a cash cow for a select few.

£197m increase in adjusted profit before tax1 reflecting revenue growth and reduction in restructuring costs, contract-related provisions and impairments Reported profit before tax of £61m (2021: £286m) as a result of reduced profits associated with disposals and current year non-cash goodwill impairment

Positive free cash flow and material reduction in net debt

Positive free cash flow before the impact of business exits1 of £29m (2021 outflow: £219m); strong increase in cash generated by operations from increased operating profit, reduced pension contributions and cessation of deferred VAT repayments £397m reduction in net financial debt and leases (IFRS 16) to £482m (2021: £880m) funded by operating cash flow and disposals Net financial debt (pre-IFRS 16) of £85m as a result of our successful disposal programme;

What exactly has happened this morning, all very odd, big spike and right back down.

Nothing here has changed since the FY update in March ( return to profit ), other than the hack which seems to have passed ( other than any potential cost impact) and sentiment.

I cannot see the HY update in August reporting anything other than continued improvement, or let's be honest JL will be toast and all credibility gone.