Member Info for johnpwh

To be honest I do admire you attitude TT.

Seriously what odds do you give this company of surviving until, say, January 2027?

I must admit I am hugely surprised that after what is considered by most commentators to be poor results and further provisions on car finance as a result of the apparent rejection of Reeves pleas (which shows LLoyds don't think they are going to get away with it after all). The shares are defying gravity, climbing even. I'm not much good at this investing game!

Seems to be stuck in a trading range although this trading range is £1 lower than it was 6 months ago!

What don't they they know that most of us and the Stock Market seem to?

Ricardo reminds me of the old Volkswagen advert of the guy leaving the Casino in Monte Carlo after putting all his chips on black when it came up white. If only everything was dependable as a Volkswagen read the strap line.

Ricardo is like that. A hugely internationally respected engineering design and manufacturing company, something the UK was rightly proud of, established a century ago by the brilliant Harry Ricardo, which allowed a jumped up nobody to come in as CEO and put all of its chips on green industry just as the world woke up the the fact that dependence on fossil fuels will continue for many decades rather than a few years.

This company stands far more chance of entering administration than reaching 730p, let alone 1043p or 1130p.

TT

If you make them green there will be very few messages on here to read!

ATB

John

Milnrowmug

I don't know but seems to be sentiment to me, whether that is the market in general or to hospitality in particular.

The company's estimated hit from minimum wage and employers NI changes by idiot Reeve is equal to last years profits, so in theory potentially wiping them out. You mention divis being 'too low' but we must remember that dividends have only just been resumed after several years and with potentially even that dividend now uncovered then what will the market make of it? Will income funds even touch JDW until they can be sure that a regular dividend stream has been established?

I would like to see an update from the company about price rises, profit guidance and trading conditions before investing further. I had just invested at around £7 when Rachel from Accounts stood up in Parliament.

TT

The shares I have are now worth so little there is really no point in selling.

I regard them as the equivalent of a punt on the 2.30 on a 3 legged nag at Chepstow. If the unthinkable happens and it wins it could be a nice little earner, however I expect that half way round it will needy of a vet with a scary large syringe and a black cloth square balanced on his/her head.

Whatever happened to the marble quarries and the nice new factory with ste of the art Italian marble finishing machinery that our money paid for? The are still vaguely mentioned on the website but I assume they are just lying abandoned?

Troajan

Thanks for posting that link

DT

You read my mind

Bluerill, Nobby, TT

We've chatted before, and I have still my shares left.

I don't like Magna's constant and repetitive jibing either but, in fairness, we all know he does have a point. We should admit this company is, with almost 100% certainty, a basket case that is going absolutely nowhere except administration, the best solution would be to get out with a couple of quid at this price rather than bugger all in a few months time.

Thanks darientaylor

I think at the moment the surge in the Gold price is not disassociated with the proclamations of the orange idiot in the White House sewing the seeds of worldwide global instability. Looking on the bright side gold may be in 5 figures soon the way he is going, and all on this board could be multi, multi millionaires before he leaves power in late 2028.

World may be in a sorry state though but hey, mustn't grumble.

Shame its down again this morning then!

Shortarm

Seriously I admire your enthusiasm, Gold is nearly 3k yet AAU is anchored sub 2p.

I honestly wish you were Arianas PR rather than the Purple Pullover outfit who do sod all.

Past 225p, 200p next? Time to question if the CEO should go because of this destruction of value?

Now a downgrade by Stifel and and after hours RNS which, if I read it correctly, is a major investment company breaking 5% in the downwards direction. Gets better and better and better.

Anything is possible. The share price has been destroyed by a Board who have depleted liquidity so that it will struggle, sorry correct that to stand no chance, to develop its far too numerous capital hungry projects without asset giveaways and loss of control just like in 2019. I don't know that this is about Newmont wanting Dokwe though, Newmont have recently been trimming their interests in several bigger projects than Dokwe in more attractive/ stable jurisdictions - eg . disposing of their 70% share of the 8.4 million ounce gold equivalent Havieron mine in Australia, where the mine construction was well advanced and where they had 100% ownership of a huge local processing plant, Telfer, that was under utilised.

Ariana originally gave the illusion of being a good company but was destroyed by a board who couldn't run a newsagents shop let alone a mid tier mining company. My experience of AAU is simple, whatever Ariana do from here on in, irrespective of the situation, they can be relied upon to make the wrong decision.

Next stop 250p. Maybe this afternoon.

I am hopeful Carrington. There is room for more increases in prices as long as it is done carefully so are still seen as value. It is insane that because of that idiot Reeves £60m has to be found just to stay still.

Seems not over yet since the SP was down to 256p earlier.

Green strategy is still being pursued by this once great company despite the US formally beginning the process of withdrawing for the Paris Climate agreement, encouraging oil and gas companies to 'unleash' production, and Saudi to slash oil prices. China reduced emissions only slightly in 2024 from its record breaking 2023 CO2 emissions figure and Germany is burning poor quality coal just for fun citing the Ukraine situation as an excuse.

I note that the management of the Australian yogurt knitters retain a 15% equity interest which, after 3 years, they have a put option giving them the right to sell for 9 x EBIDTA (which I'm sure they will strive to maximise). Now I'm not Nostradamus but I predict they will do just that, and with no equity left will hire office space across the road and start up another suspiciously similar yogurt knitting consultancy with a suspiciously similar name taking the all the key staff with them. After all this is is a business where goodwill is the major asset, not tangible 'real' assets.

Knowing the current Ricardo BoD they will buy that as well for another premium, and proclaim it a strategic coup.

Just noticed. Shore Capital 'Sell' rating.

Well I hope this Ritchie bloke is being paid well to bury this once proud 110 year old company, because he is really achieving his brief.