Member Info for JMUK26

It’s always the same with illiquid stocks. Any news regardless of whether it is positive or negative triggers some sells on the basis that the spread might be a bit lower than usual due to higher volume. I wouldn’t worry about today’s drop.

In terms of the sp not reacting to the news, whilst you are correct, the market knows the tribunal needs to be constituted and the SoC released, actually seeing evidence of it happening is a milestone ticked off and closer to the ultimate goal. In my experience each milestone that is ticked off successfully sees the sp trickle up.

Well, I wasn't expecting this news, especially not so soon. indicates there is some urgency to get things moving. On the MESH update last month I bailed and took a big loss on my relatively small investment, but on this news, I'm back in at the price I originally bought at and I have gone in with a much bigger stake. The 120-130% re-rate doesn't really reflect the news that has just arrived. Expecting much more from this over the coming weeks.

Why do people keep going on about dividend cuts and uncertainty with it? The board have already clearly communicated how dividends will be calculated going forward and it is a significant cut unless EPS picks back up. Am I missing something or are people not readings the RNS's?

Taser, have you thought about selling for a loss? Can't be good for your mental health to keep making the same comments and getting so angry and frustrated with this company. Management are not going to listen to you, and are clearly not going to keep up with your ambitions for the company. I agree that financial performance hasn't been electric, but the business has been steadily growing for years which is more than can be said for many companies. The share price is pretty cheap but not dirt cheap, so I'm not sure what you are expecting. If you bought at a much higher price than this you probably overpaid unfortunately. Anything under £4 and you will break even again at some point soon.

Clearly says funded through debt so no placing. At around potentially 9 x EBITDA this acquisition potentially looks a bit expensive but we shall see. Forecasts are certainly very positive. Market seems to like it.

Agree that it is unlikely to be settled early. Investors should have braced themselves for a 5 year wait after the arbitration request. May be much shorter may be much longer until decision made. What I don’t agree with is that investors should pull money out here and invest elsewhere. I expect to make good money here by sitting still and doing absolutely nothing. The market cap even against a very low settlement figure is still very lopsided and stacked in investors favour. The SP will pick up when news flow gets going. In the meantime accumulate.

Depends how big your holding is already. I think this is the one stock in my portfolio where I could see a huge valuation in future years and at the moment I am struggling to see much downside given the current political environment. However I invested at a much lower price, and am up to a large weighting already, so am reluctant to add more, purely because if something unexpected happens, and the SP crashed, then I would kick myself and be in a bad position. It is the largest holding in my portfolio and I'm just going to let it do its thing personally. If you have a small holding, then top-up on downturns, and I;m sure you will still be very well rewarded at these levels.

The SP is still struggling to gain any traction and the board sit there like lemons doing nothing. The buy-back which could have been employed to great effect given the huge £1m allocation, is a complete and utter joke. We get 1 RNS per week stating they have bought about 3-4k of shares typically. Whats the point? It will be costing them probably hundreds of pounds to issue each RNS, so it appears to be capital destruction at it's finest. Buy big and regularly, or invest in the company or acquire one, or give it back as a dividend. There is no need for a company for this size to be sat on such a hoard of cash, it needs to be put to good use. The SP is stagnant because the board are getting capital allocation badly wrong and the plan to buy-back up to £1m is now looking very naive indeed.

The government really do not help themselves do they!? Why on earth would they reject a submission for a project that they critically need. How about engaging in constructive dialogue first and asking for a resubmission. What a joke.

One thing for sure is that the current buyback strategy isn’t working. Less than 20k purchased back so far I believe so the 1m is pure fantasy. The idea of the buyback is to be an active buyer in the market to close that spread and increase liquidity. It doesn’t matter if a slight price increase encourages selling as touchstar want the shares they don’t care who they come from. Need to be more aggressive or just increase the dividend.

Yep I’m hopeful we will see £1 in the not too distant future.

Hi Adam, If I were you I would probably just get out now on the slight bump you've seen today in the SP and leave it for some other mug to pick up your shares. They will almost certainly get it through, so you will either have a load of off-market private shares that you will struggle to sell in an illiquid market, or they will then conduct a squeeze out for your remaining shares.

BBSN is still a penny share Nimrod, which is why I thought it was strange they only went for 20:1 consolidation rather than the 100:1 originally mentioned. Its 67p. Anything less than £1 is considered a penny share in the UK.

Seemingly investors are openly signing up to be shafted. Read the RNS properly before buying. You are just facilitating them delisting your shares (then effectivley worthless as there is no real market to sell them) and giving you a small premium for some of them (which will be enough to force through the delisting). You have been warned.

Careful with this one. Yet another shameful management on AIM. They are essentially offering to buy just enough stock at a premium to take them over the necessary threshold to enable a delisting. You will be left with an essentially worthless investment except any they pay you for. They may then complete a force out and take your remaining shares on the cheap when the SP has been trashed. This was always the risk here that a nice family company doesn’t behave like one.

It was an unusual move for EML to hint at a claim amount in their opening retort, as usually this is all kept quiet until the SoC. Also the NPV is not normally used as the claim amount but something smaller and more realistic (I was expecting something more like 800-1bn) but EML appear to be suggesting the full amount so we will see. I suspect EML did this to put pressure on Morocco and to aim for a quick out of court settlement given their history of doing this.

Not just asleep, also brain dead it seems. Now 6% down. On which other market in the world would this stock be 6% down on that update. Madness.

It just seems that regardless of whether news in positive or negative, the short term trading focused AIM crowd just use it as a day to liquidate some holdings on slightly higher volume.

Yep, another good update. AIM market asleep as usual.

No idea on price wanted or whether anyone was interested. I'm quite surprised nobody came through with a serious offer though given how cheap it is for a well run profitable company with extremely strong balance sheet. The EBITDA multiple at today's price would be around 4.2, so bargain territory. Even if we add a 50% premium, the multiple would only be 7.5% which is not a figure you would regularly see for a takeover of a listed company, especially not one as profitable as TST. All I can assume is that TST management wanted too much and nobody was willing, so rather than shaft shareholders, they shifted focus and aim to deliver shareholder value by other means which is good management.

Which companies are you thinking Zinky? On my large watch-list few companies that have the balance sheet that WATR have trade at the current forward PE ratio that WATR do. It's looking like a good buy at these levels as no doubt within the next few months it will be back at 360p. It just moves from around £3.30-£4 rinse repeat...