Member Info for KAMEL17

Not one for me. This is perhaps worth £7m at a push. The likes of 888, Playtech and even run of the mill bookmakers will offer games equally as good as anything that this company can come up with. They have the traffic and pretty much hold all the cards. I suspect that this will drop to maybe 10-15p within 6 months.

shylock If you get a free moment could you have a look and share your thoughts on UCP with me. This has dropped a fair bit over the past month but it appears to be a fundamentally cash generative business with a potential for upside when investor sentiment changes. I am just not into gold miners or oil exploration companies. If i wanted to gamble on long shots i'd go to a casino. i like shares in companies with tangible things and i'd very much appreciate your opinion. Hope you do not mind me asking

Actually I never called anyone an idiot. What i said was that only an ill-informed idiot would accept your view. There are many people on here who are gullible and incapable of carrying out basic research and simply believe what they are spoon fed. Perhaps, rather than getting into an almost inevitable slanging match, you could detail why you think this product is so good. From my perspective this is a product that screams out to be developed as an app for an iphone. In 12 months time this product will no longer be saleable at at £400 at present the price point is far too high. The product is almost ceratinly already being on the verge of redundancy, if indeed it was ever really genuinely worthwhile. The inference that the product is so good as to be used by all of the sectors you had named is just not credible. The offering in simple terms is inadequate and the 5 year contract value is likely to be either a loss leader or at best marginally profitable. By all means state an opinion, however when someone takes the time and trouble to try and help you out please accept it with good grace. In my view you may not have researched this enough and if you take the time to reserach it further you may or may not come to accept my viewpoint. There are way too many idiots on here who spout total nonsense and for the avoidance of doubt I was not calling you an idiot. I was merely trying tio point out that any sensible person, properly informed would not accept your view. If this was insulting to you I apologise, nonetheless it is my view.

You are living in a dream world! This piece of kit is overpriced, substandard and will be totally irrelevant in less than 12 months. By all means peddle your ridiculous optimism, only an ill informed idiot would believe it.

Thanks shylock You and I are very much in the same place investment wise. I am not at all fearful of the price drifting downwards in the next few months. My initial investment decision was not based upon short term movemens in the SP and never has been. I think we differ on the value of strategic advice from KPMG, however I do accept that the stamp of a big 4 firm carries a great deal of credibility to many people. You may well be right about a potentail buyer wanting KPMG to review the numbers in light of the possible manipulation that may occurred whilst under the stewardship of the Kennedys. As a buyer I suppose I would want that as well. If there is any extremely adverse news on Kennedy Jnr, I suspect this is somewhat probable, and the shares remain so tightly held then I think that this will indicate a very positive sign. Have a great weekend.

Where did Mr Grant state that he would appoint independent auditors to carry out the review? I seem to have missed this. To me auditors look backwards rather than forwards and to me at least this would put a slighty different perspective on matters. Leaving to one side my loathing for these firms, I would have little confidence of them actually adding anything of value or strategic advice that could not be ascertained from elsewhere at considerably less cost and in a much shorter timescale.

Points taken shylock I have a particular dislike of these big firms and I would always question whether they add any value to anyone except themselves. Perhaps my post looked like a rant , probably because it was, I had imagined the stategic review would be carried out by an independent industry expert and not a firm of overpaid numpties who would only be state the blatantly obvious, subject of course to numerous caveats, for a six figure fee. I think this alongside the inevitable lag until the review is completed with co-inccide with a drop in the SP. The fundamental basis of investing here is to me unchanged. My preference has always been a re-focused and profit motivated management team as opposed to a disposal and break up. My annoyance is at the appointment of KPMG and whilst this will no doubt be a tremendous waste of money and is hugely unlikely to change the underlying positive outcome in the longer term. In saying that if this strategic review is actually an IBR by another name then there could perhaps be some bumps in the road or so before getting there. I'd imagine that the price will drift downwards over the next couple of months through a mixture of seeming inactivity whilst the review is completed. It'll be interesting to see where is settles in the meantime though Good luck to all those invested here.

That's all this company needs What the hell was the point in appointing a new chairman to conduct a strategic review when the task is subrogated to a bunch of expensive form fillers who will no doubt prepare a coloured in report with fancy graphs that will be of no discrenable use to anyone. I for one am not happy at this. KPMG, Deloittes and the like offer no real value in these situations and this is just an entire waste of the shareholders cash. This suggests to me that Hawkwood certainly did not have a buyer immediately lined up and that this strategic review may even encompass an IBR made necessary by potential failures of the suspended CFO. I remain steadfastly of the view that this share has great potential however this strategy adopted by the board is wholly disappointing. I dread to think what the board are going to pay KPMG for this. Not happy!

Ok

Yes he may indeed by belligerent and may choose to fight his corner by trotting out the same old story. Taking this stance would almost certainly fail and he must surely know this. There are three possible scenarios here: 1. Mr Kennedy is stubbornly refusing to relinquish the positions of influence and salaries currently held by his family. This is a last throw of the dice against overwhelming odds and he either believes that he can persuade others to follow his strategy. This would turn the meeting in to an wholly unedifying spectacle that could otherwise have been avoided. Maybe he has the skin of a rhino and this is all down to personalities. Ask yourself this would the proposers of these resolutions really propose them if they had not been confident of victory? 2.Bearing in mind the above and in light of the public infighting he may just want stick the knife in to those who have betrayed him. This may seem petty but please bear in mind this is probably incredibly personal now. 3. The third option is the one that has not been considered much on the board. The recent reduction in shareholder value and the disjointed board is down to him and he is culpable of this. No hiding places exist at all. What do the shareholders do though if Mr Kennedy can exhibit a tangible fulfilment of part of his current strategy, if for example he had secured a contract with a large housing association or local authority? You have got to figure that he must have been hugely focussed on this of late. There of course is the possibility that Mr Kennedy has won the vote already but that seems wholly unlikely. This has a ways to go yet and I'm increasingly convinced that there is far more to this than meets the eye. Good luck to all holders and especially those who have held their nerve here. I just get the feeling that patience will soon be rewarded one way or another. We will have a better idea after the meeting.

How do you come to that conclusion? I suspect that it will not be all that close at all.

Looks like you're going to have to wait until the 15th after all Shylock.

Shylock, You have always indicated that Mr Kennedy would stand down prior to the meeting. Your knowledge of these matters and procedures is clearly extremely good, based upon rational business practices and following the rules. I would have to say that Mr Kennedy is perhaps unlikely to stand down prior to the meeting, even if it seems like he is going to lose the vote. This is an individual who will fight to the end and this may all be about personalities more than cold business logic. I have come across many business founders and entrepreneurs who seem incapable of changing their own strategy and become stubborn to the point of stupidity, although in fairness they are not always wrong, I just sense that this is just such a situation. In saying that I think it matters not, Mr Kennedy will be history soon enough, I will thereafter look forward to the growth of my investment. Personally I think that a sale of much of the business would be a mistake. The creation of value here is in positioning the company in the correct place to take advantage of the opportunities. 2019 may be a long way off however the potential profit streams from those opportunities are enormous. I am not someone who buys and sells, for me this is a long term investment, admittedly with a large dollop of risk attached, in an existing company with a poor management team that requires to be turned around. it strikes me that it is not only the Kennedys that have their coats on shoogly nails and that the strategic review may lead to a few more exits too. I can totally understand investor sentiment here when they have seen the value of their investments plummet in recent years. Mr Kennedy is of course culpable however he is not alone in this. Will you be attending the meeting if it does indeed go ahead?

My feeling is that some idiot who can invest his/her ISA allowance thinks this is something other than a basket case. Even day traders will not make any money on this now. I made a small return on this a few years ago, however even then it seemed like an accident waiting to happen and luckily I took my small profit and invested elsewhere. Anyone who puts in cash in this is extremely misguided in my view. Good luck to anyone who is invested here.

I always suspected that Mr Kennedy would come out fighting. Seems like the vote will be close after all

This will be an interesting ride. I suspect that the SP will retrace after the big rise yesterday. The price is likely to rise in the short term though. I'm in here for the long term with a large holding as I see a bright future here with the correct management in place. Good luck

Nice to see some positive movement in the SP again today. Here's hoping it is sustained and improved upon over the next 10 days.I'm sure it may see saw for a few days however at the moment it is all good. Good luck to all holders

My feeling is that Shylock has pretty much called it. I've looked into this in as much detail as I am able. Mr Kennedy has had his chance to deliver and thus far has failed to do so. Without concrete evidence of one or more of the supposed contracts then the Kennedy family are simply drawing healthy salaries from a signifiantly loss making business. The supposition that Mr Kennedy will deliver is not borne out by the facts. if he is unable to covince his fellow directors , who after all are close to the day to day running of the business, of a strategic plan then this course of action to oust him is probably correct. Are you able to articulate why you appear to have so much faith in him? The contention that this share will be worth 50-60p in two years time is in my view wholly optimistc. Furthermore, even if this were to be the case I'd seriously doubt that it would occur under Mr Kennedy's stewardship. I'm convinced change is both necessary and inevitable. I look forward to my investment being managed more effectively by a board with a profit motive. For me this is long term investment tio be tucked away for a good few years, if the business is broken up and sold I may make a return too. To me though, this is a business with products that will become ever more popular as the population becomes more energy focused. With the correct stewardship this is a business opportunity that could yield exellent returns. Roll on the 15th

As ever quick and helpful responses. Thanks Shylock and Dunks

How accurate is the latest trades info shown on the site and indeed on the research centres? The reason I ask is that i have never been able to see the purchases that I know have occured. This may be because my purchases are through a nominee though. I'm just interested to see how large the trades are over the recent forthcoming days.