Member Info for JG68

And insolvency several times, and run out if money by mid January, and the company will be no more. I've copied all of it over the weekend.

He's spreading this stuff not only here but other boards also

Several statements since Dec 17, some of which are bordering on defamation.

I've copy and pasted many of them and will forward to Helen/Stephanie for them to consider.

Your sole focus seems to be reputational damage, you're not motivated financially, but there is only so much mud you can legally sling at someone, even anonymously hiding behind a screen.

Savage

I've been back through seve

They said they're keeping the hybrid bond, but given current turmoil, who knows what terms.

Hopefully this current bond mayhem will settle down in due course. The problem that Labour have imo, is that maybe their plans are sound long term, but by the time any of it starts bearing fruit, they will hated by the country and probably back in opposition.

Maybe you should research more about shorts before spreading absolute rubbish and fear.

https://shorttracker.co.uk/

Savage

You're clearly wrong and in the complete minority not only here but with most hedge funds.

1.7% short in this market, nothing to see here.

Trolling it all you want but compared to 3 others I can name off the top of my head, PFC in dire trouble 6-7 %, Kingfisher 6-7%, Aberdeen 6% circa.

So if absolutely anything you say is remotely true, then hedge funds would be shorting the pants off this.

They're not so you're wrong.

Problem is that at least under Blair there was new Labour, markets and business responded well, but with this lot, it's reverting to type, and after covid, and these wars for the last 5 years, we've got another 5 years of pain.

Maybe they think they're doing right by the country, but by the time any of their policies start bearing fruit, they will hated by all and back in opposition.

With capita, the price has dropped when market has been good, so when market gets worse. Imagine would could happen. Imho

So what about yesterday and today aimmaster, markets have been bordering on diabolical this week, seems to have found a base imo.

Well Nas/Dow/ftse all down, cpi up.

Savage

the silence from AH and the board and lack of any RNS going into next week is wholly alarming though. I'd have expected to have seen some kind of countermeasures by this point and if they do not do something very soon then a point of crisis could occur very quickly, one which could well shock many LTH's.

You're making it sound like they're is dire straits of needing to raise cash, almost suggesting the urgency is similar to that of the goverment requiring an emergency budget.

You're suggesting that the company has burnt through the capital 1 monies and still has net debt of circa 100 mill because of cash burn since the q3 TU.

Do you realise exactly what you're trying to argue?

That they lied and their cash outflow burn is circa 10 -15 mill per week since October.

It's insane what you're suggesting.

Thus putting it at grave risk of insolvency and that's the central issue -

That really is just rubbish savage.

You're saying that their net asset value is zero, have a word.

Maybe the turnaround is taking longer or has stalled through this new phase of culling, but to say there's a risk of insolvency really is laughable.

Do you not think if it ever got to a point where running the business as is was longer viable, the major shareholders wouldn't force the board to effectively liquidate the assets?

I actually think that this hole that Reeves has created regarding the public finances will play in to the likes of capitas hands.

Because she will forced to either raise taxes, borrow more or cut public services.

Companies like cpi that are essential to their infrastructure can now effectively say " pay us a viable amount to do the work or jog on and get someone else to do it"

Almost like striking by idiot unions because they can get away with it.

I hope we move away from UK businesses and start targeting abroad.

Savage yeah they've been selling off assets, lowering nav, but lowering/ eliminating debt at same time.

You don't know what each individual business us with debt free?

Take capital 1 for example, how many here even knew of its existence let alone value of 175?

So why so often do many of our stocks suddenly drop and change momentum at approx 1.30 each day?

Do you really think the yanks traders are actively trading and setting their algos at 1-2 in the morning?

Everyone knows that volume one way or another significantly changes in the PM. Unlike yesterday.

Just to be clear for anyone actually listening to Savage, the share price purely reflects the current sentiment in the company, the UK in general.

The actual NAV of the company should it be sold on value of assets after debt are significantly higher.

The reason the mcap is so low right now is because the market cannot effectively work out future forward earnings.

It's like savage saying that the house you live in that is worth 500k with a mortgage of 100k, is going to bankrupt you, and you're in urgent need of remortgaging to keep your house!!

Well if you suddenly lose your job and get a lower paid job, what do you do.

You readjust, maybe downsize by releasing value in your asset, possibly even selling your house, downsizing, becoming mortgage free, and grow again from a healthy secure baseline.

Pretty much what's happening here, imo.

Let's see if the yanks short it down to 3 quid again this afternoon.

Problem is this government, who knows what they'll do next.

I just think if the next dividend is as insignificant as the last one, who will actually invest.

Maybe they were being overly cautious, but 0.85 was peanuts in the scheme of things.

Also one main shareholder, ridiculously small volume, it just really feels like waiting for external factors rather than fundamentals.

Waste of time and resources share, pathetic dividend reinstatement, just a very slow leaking tap.

This is what they said in November.

In total, the Group has returned over £1.9bn in total dividends since March 2020, and in excess of 60% of this amount has come as special dividends. Given the outlook for the Group, the Board consider it appropriate to increase for FY25 the payout range for ordinary dividends to 40-50% of after-tax adjusted earnings (post-IFRS 16), with an aim to consistently payout a progressive ordinary dividend near the mid-point of that 40-50% range over time.

They only have been kicking the can and with not even a squeak before year-end they again disappointed the market which was (rightfully) expecting a word on the matter.

Exactly, poor comms from a very IR to say the least.

Yeah knew it, disaster