Member Info for joseywales

That would make no sense. You move at 20p and hold back on the financial/cash security they provided. Not sure when the next update is due but would suggest move was sector based. Will be dragged down under 110 a few more times I'm reckoning ... slow and gradual laddering to next update.

So there's approx 284m shares in issue with 185m to be coming back to those shares via divi/buyback mix you'd expect. There's then the 227M revenue cyber business which you'd imagine lacks scale for meaningful profit generation but bolts on to another player to yield benefit from sales role consolidation and the like. Issue in these businesses is always the cost of sales people vs return they generate and the consistent need to grow teams to grow geography/sectors. These businesses sell for multiples on revenue analysing gross as opposed to Ebitda modelling ... so really surprised the dial has not moved significantly higher on closure of Escode.

Despite my general malaise about this company, would agree that it can be nothing but good news. Non profitable contract cancelled .... could not be any better. They could probably end the cost of the litigation now as they have two hopes of winning that ...

The problem is, if the ducks don't line up for them, then the capital position comes under threat. The reality would be a consortium lead situation wiping out shareholders and bond holders getting a pennies in the pound settlement. It's the downside that has people hedging and right now its simply wise. The flips side is you have shares at 20p which double by year end if things stay on track and aligned to previous statements.

The instant quote has been top end or even over the bid spread for some time now. Clearly there's something going on.

The business is in far from good shape but messing about in the low 20s like this provides some opportunity. REsults will have some shocking provisions/write downs as usual and the risk is that increasingly tough US performance, fuel costs and UK mess, force hand on cash position.

Should be some interesting reading next Thursday. Finally the company actually operating at or near full capacity for the first time in its history. In the meantime, all those 20p shares will be sold off but past that, 50p area seems realistic. Looking at various reports on other companies, all are saying this is not a blip and that the long term increased demand is sustainable. Guess it makes sense with Ai / Autonomous solutions etc.

Will see if I can buy sub 31p today. Would agree it's somewhat overcooked!

Agree with optimism over the longer term. Short term the placing of the shares has to be worked through and will create a few weeks or months of trouble. Certainly a lot out there selling whats coming to them when the various approvals are sorted.

Could be interesting if this gets down into the 20s prior to the new shares hitting. Those that missed the 22p might get the opportunity next week. This is what should have taken place when the deal was done.

Expected. Sounds like a deal is realistic. Will top up in the morning if it remains where it is or goes lower.

Well, I held these for some time until the end of 2024. I imagine most are not familiar with Action ... they have really mastered the art of buying all the junk you see on the Asian marketplaces and clearing it out into demographic areas where there is a strong low to mid income presence. Glorified bazaars where the checkouts don't stop pinging. I've added these again.

To paraphrase the great Bobby Duval, 'I love the smell of BS in the morning'. Yes, I have been buying down at this level but with clarity that this business is screwed in terms of delivering long term shareholder value without addressing the debt. Under the current capital structures the only people making money off this business are the debt holders. Already the debt cost is on the up and that simply constrains liquidity with which to reward your LTH's here. There simply has to be a capital restructure in the mid term. The alternative is a business probably worth about 50p/share plus the debt ... if that.

Looks good, 293p not a bad price to buy at. Personally I think the shorts were increasing around asset disposal plans and maybe expected a more significant cash impact within the info. Advertising across the board has the same story ... just look at ITV today and Reach. Would say FUTR have handle on what needs to be done to navigate the future.

....and so it should be. Under no circumstances do shareholders of Bally or some holders here want the shareprice anywhere near a potential offer price. So no deal is into low 20p, delay is high 20s and offer is say 42p on the SP of a structured 50p deal. SP is just being brought down to an equilibrium of that risk/reward.

Certainly some fun to be had out there WT. Even JD. paid off for me. Probably just got to be a little careful with EVOK. I think all outcomes are equally as possible. Probably the biggest gamble I have in holding at the moment.

This week was looking at FUTR / ITV / WSOG / RST this week. Only holding the latter at the moment.

That little jump into the 110s SYNT had was rather pleasant. Think that could make it's way to 150 over time. A lot of trades in between.

Will take a look at BUR. RCH is one that I am increasing at moment. 50p seems a bit cheap but get why, and the challenges they face.

Just seems to happen to every ticker that goes through this type of thing. Price gets pulled down and held in a small 'window'. Would not surprise me if Ballys request an extension and drag this out a little ... does not seem like there are any other realistic suitors. Where interest rates are going is likely a big factor in consideration.

More like getting played. This will be how some builds are sorted before the deadline next week.

same sort of page wt but with a potential upside closer to 180 ... bag of *** packet too. barclays holding 4m short so quite the chunk just there to be bought back. evok now very interesting at 33p. start buying some synt back just now.

quite a sell off on many tickers today.

Its not as if this is the only share this happens to. However the onus is on proof of manipulation. If there's no significant demand or whatever there is gets filled, then the slide continues. Would fancy below 30p might be challenging based on last update. If you cannot generate shareholder value in terms of a robust SP then you should put one of the businesses up for sale. Really that's what the downwards pressure from maybe one or two players is all about.

I think what management have done is clear the decks with that huge write-down and whoever picks this up has a nice chunk of tax loss on the books to aid recovery. If the debt buys at least 350m of EBITDA, then the return on the debt should add up. Surprised that was the best deal they could get.