Member Info for justdeezerts

Let's hope that posting was right , as shipping delays from China increase..

https://edition.cnn.com/2021/08/23/business/global-supply-chains-christmas-shipping/index.html

GLA

chestermikeb - there will be no bottom to this saga without an appropriate RNS news release . As I have said before, I'm afraid the 5 months update and subsequent low-key company presentation proved JS's naivety on how to add value to an already inflated SP. JS desperately needs a non-exec Director on Board, who understands the machinations of running a public company and how to keep shareholders MEANINGFULLY informed at all times.
Still remains a solid, investable company with great fundamentals.... IMHO

Pedro - nice one! Brightened up my day..

andrew - I don't think John Shaw's shares is a benchmark for the rest of us, at the moment!
This SP drop is typical of a company, which has uncharacteristically issued 3 RNSs in the space of a month and then has nothing else to report for the time being.
Some investors get bored and move on... And on AIM, that means the SP can be manipulated by MMs.
However, since you mentioned it, IF and WHEN John Shaw does start reducing his shareholding, then that really would be a red alert....
GLA

I'm afraid so! We're probably in for some additional drift in SP, as 6p is almost certainly a stop loss trigger. Have no idea how many more nervous PIs there are having a re-think, but fundamentals still haven't changes, as far as I am aware. GLA

Trick the Dick - you can manipulate news articles anyway you want to suit your point of view.
Here's the same old news reported in the Daily Mail way back in June 2016:

https://www.dailymail.co.uk/news/article-3643856/Condemned-unsafe-shambolic-111-call-centre-exposed-Mail-Watchdog-says-patients-risk-harm-following-inspection-wake-revelations.html

https://www.bbc.co.uk/news/health-58132538

Unless (in the meantime) there is a major piece of news, don't expect an RNS until end of October for the mandatory publication of detailed H1 results. Even then, it should only be repeating the figures already given in the Trading Statement issued on 27 July.
However, the paragraph of interest to shareholders will be the 'Outlook' section, giving an indication on Q3 trading.
Hopefully JS has learned the error of issuing an unprecedented 5-months' Trading Statement, closely followed by an investor presentation and a six-months' Trading Update - where the latter two items provided no added value to the initial 5 months' Trading Update.
To the Board - if there is nothing new to tell shareholders, then no RNSs, please!
If investors don't have the patience to wait for good news, then simply sell up and move on, which appears to be precisely what has been happening over the past few weeks ....
GLA to LTHs

Thordon - so why post it, if you knew it was wrong information? Just asking …

Thordon - I think you may have your dates wrong!
If last year is anything to go by, interim results for first 6 months ending 30 September 2021 will be announced sometime in November.
Not sure of the significance of 29 July???
GLA

Thordon - thanks for the link. Very informative.

My summary as an FCA (now retired) and a past-FD of a listed company on the LSE.

ITX SP on 19 May - 11.15p.
On 20 May ITX announces it has received LSE's Green Economy Mark recognising the company's contribution to a green economy. SP races ahead.
ITX SP on 7 June - 16.2p
On 8 June (and without precedent), company issues its first ever 5 months' Trading Update.
Clearly the market is unimpressed (wondering why the need for this irrelevant RNS, when the H1 Trading Statement is due in July. So, SP ends up at 12.5p (at close of play on 8 June).
Company also announces a company presentation to be held on 24 June and the market wonders what 'goodies' are going to be revealed, which cannot wait until the H1 RNS expected in late July.
On 24 June, company presentation proves 'uneventful' and SP closed at 13.1p
SP then slowly drifts ahead of the H1 RNS and on 26 July SP closes at 10.9p
On 27 July, out comes a neutral / negative RNS for H1 providing little more information to that already said on 8th and 24th June respectively.
Since then, Market sentiment has now changed and the SP has been severely punished (some would say, overdone).
Many PIs sitting on good book profits from 1p plus have decided to cash in and I don't blame them.
I haven't sold a single share and still believe in the company's long-term future.
Conclusion: Only issue an RNS, when it is mandatory. And as for that presentation - it has proved to be a pointless exercise, because with the H1 results due in the following month, JS's hands were tied in what he could leak to investors ahead of those results.
Let's hope the next few weeks provides some stability....
GLA

Agreed AJP - decrease in cash does not necessarily equate to a trading loss. Could be attributable to an increase in stock of raw materials (possible), increase in debtors, or reduction of creditors etc...

Itacon - sorry, but you are simply wrong on this.
Unless you can show me otherwise, ITX has never announced its first 5 months results just prior to the end of a first half-year trading period.
The information so released gave us nothing which couldn’t have been incorporated in the H1 RNS announced two months later.
JS did not explain at the presentation, why the urgency in getting out the 8 June RNS and with hindsight, all that ‘non-event’ has done is to lose us the fantastic momentum, which the Board had worked so hard to build up over the past few months.
That’s an own goal in my book. Apologies to those who think otherwise.

itacon - and you still fail to address the point I made - it's an own goal by the Board. It sometimes happens, so let's move on.

Decline in SP possibly an over-reaction with realisation now that BION probably has (or should have) insurance cover against this type of disaster and therefore entitled to receive compensation for consequential losses.

29palms - slight correction required on your NAV, which is .11MYR. This is equivalent to 1.9 pence.
GLA

ajp - A total miscalculation, IMHO
In fact, I reckon the damage was caused by issuing the RNS on 8 June, when the SP was on an upward curve @ 16..2p. That five-months' Trading Update was without precedent (nothing in previous years) and frankly contained few eye-watering revelations, which could not have waited for inclusion in the H1 Trading Statement announced this week.
Coupled with the ill-timed presentation on 24 June, I have to put it down to an uncharacteristic own goal by the Board. Ah well, onwards and upwards from here on in...
GLA

itacon - that doesn't address the point I was trying to make....

One has to question the timing of the latest presentation, just six days before the end of H1.
As someone who has always considered him to being a canny operator, I can't work out the rationale as to what JS was attempting to achieve here.
One has to assume that the basic contents of this week's 'underwhelming' Trading Update was already known, when the 'upbeat' presentation took place.
Poor strategy IMHO and we LTHs are now suffering what I hope is only a temporary setback.
GLA