Member Info for Joner

This is a sprat to catch a mackerel more to come I’m sure.

Consolidation announced then shortly after we get wind of possible dilution - why else mention specifically keeping shareholders informed - all being stage managed to my mind

“To ensure the Company has adequate funds available for both development and working capital through this production ramp-up period, the Company is investigating financing options. A further update will be made to shareholders in due course.”

I think the key word is “Initial” Lifetime award - more to come.

Whilst the rises in SP are welcome and the figures are improving, and the strategy is improved, having bought in at +70p I’m really just hanging on for SIS to be acquired by a larger entity.

I wouldn’t be surprised if someone like The Hut Group, who have been on the acquisition trail to support their MyProtein brand have not looked at this business. I hope that they are bought out.

In the branches in the centre of the picture there is a bird perched - definitely a nightjar reference

Looks like we’re turning a corner on this one finally - I think the forces cut backs due to the Pandemic has actually helped the Board realise that they cannot simply continue to spray money about the place on marketing, most of which seemed to be stack it high sell it at discount.

The more recent stuff I’ve seen on Facebook has been more focused on the quality of the product.

I think that this will become an acquisition target now the financials are getting there. I think the use of ebitda is deliberately there to allow potential suitors to benchmark.

Well I’m happy enough with that this morning, trading in line with expectations and cash in a good place. Hopefully continued recovery

I’m looking for some positivity tomorrow, with hopefully all of the bad news having already been “kitchen sinked” over the last 12 months.

We’ll see...

I see that THG have bought some complimentary businesses today via RNS flavour manufacturer to continue to build and invest in their nutrition business MYProtein etc.

I would like to see our share price improve somewhat before any bid, but the risk here is that we get swallowed up for a steal at current valuations.

You would have thought that THG must have taken a look at SIS

I note that this was a Tip in the Sunday Times, good to see the profile raised in the media.

Agree a positive RNS, and also agree that the pandemic has clearly made the business focus on it’s costs. Hopefully they keep a firm grip on it going forward.

As for the incentives, as long as they are linked to something which is meaningful financially, measurable (say EPS growth) and is stretching I’m fine with it. I’m much less happy when it it linked to revenue alone with no link to profitability and brand reputation which ends up being tested against meaningless reports.

Still I’m more upbeat now - My issue is that my entry point was 74p pre PHD lol, and it is far and away my worst performing holding. I’m holding until I see some of the back.

I wonder if this is a case of getting a sympathetic institutional investor onboard for a possible future bid by Qualcomm?

I see Galliford Try have picked up another contract today, but the share price has only moved up a tiny amount.

I do wonder how much the share price will move here
if we start announcing contract wins.

Yes a similar piece in the Independant

https://www.google.co.uk/amp/s/www.independent.co.uk/life-style/gadgets-and-tech/tesla-hacker-camera-driver-accident-self-driving-elon-musk-b832673.html%3famp

That looks like it’s correct to me - it talks about the aggregate EPS over the period. And that net profit divided by the 275m shares looks like 26-27%

I would normally get the hump where boards move the goal posts on LTIPs but the key thing here is that is linked to profitability and not the BS I sometimes see like Brand Reputation and or revenue growth without and sight of profitability.

Unfortunately I can’t get too excited about reaching 42p with an average of 121p I’ve taken a bath on this.

I thought I’d done ok participating in the 60p cash call to average down whilst the share price was in the seventies.

Hey ho i haven’t bet the farm on it.

Don’t worry Skid I found something- the measures are Sales Growth and Brand Reputation within the enlarged group (I’m not wholly certain what this means)

It looks like they’ve ticked the boxes by selling more (albeit at Lower margin and still at a loss overall), and the brand reputation box has been ticked off by ref something called the Midmover report 2019 which I’ve tried to google to review the relevance of and can find nothing.

I may contact investor relations to see if they can send me a copy.

Skid - can you give me some detail as to what the performance measures are in the LTIP.

Is revenue, profitability, share price etc or is it subjective things like “brand equity” and the like.

Like Alf I genuinely have no issue where executives are well rewarded for great performance

Seeing STIP and LTIP options awarded when the share price is 51% Lower than when I invested just before the PHD purchase.

Very gracious to comment it is lieu of cash. What are the performance measures exactly does anyone know?