Member Info for Know0

Wily - join discord group and I will DM you may calls

Still no response from the clowns though?

Come on guys, you repeatedly post about huge debt.

What is it? (At 30/6/21) IFRs debt and non IFRS debt

Will keep asking to show that your comments have no merit unless you back them up.

DJ was on the call.

He must be from Somerset and asked about rock formations. Said we were digging granite to get to the copper in the middle

There was one VERY embarrassing part of the call - some clown called Thomas (?)- made a right fool of himself

BoD handled him well saying they hadnt seen his email!!

Just after raising $50M facility he offered to "lend" RMM some money!!

I am sure he will now have a polite decline of his "offer"!

What a fool - was cringing to listen to!

GMan - last year was about 17 August

They are saying that they hope this will be 4 August - BUT - not confirmed and I assume they have some other disclosure that they are wanting to make at the same time

Hopefully debt restructure or another disposal

GLA DYOR

Willy - I am not the one repeatedly saying "huge debt"

I have also repeatedly said on IFRS basis and non IFRS basis

Its clear by the silence that Passwind, Rentboy, ClubClown and WildGuess who constantly de ramp saying CPI has huge debt - cant back up their assertions

The cash mountain needs to be clear also

Yes Deferred VAT will now be paid down, and retained profit (cash element) will reduce debt

Still waiting for the nonsense posters to back up their claims??

Rent boy, pass. Club, Watch

Still waiting???

YOUve all commented on this supposedly high debt

What’s your calcs as at 30 June
IFRS debt
Non IFRS debt

Simple enough to put your assumptions from 31/12/20 debt

THE reason you won’t I say because you know you’ve lied consistently to promote your agenda?

Message from Stuart Morgan

“H1 results are indeed likely to be on the 4th August but we're waiting for a couple of things before we confirm that”

Fingers crossed for news of funding restructuring

GLA. Happy to hold a significant sum here. Expecting to Ben rewarded well within 6-9 mths

Passmore - try answering the W gestion posed (lead post)

As at 30 June 2021. IFRS and exclude IFRS

Simple enough. You keep saying loads of debt but £600M disposal proceeds alone this year already

Cash - if you cant give a ball park within 6 mths of published numbers and several trading updates, I am unsure whayt your analysis is!

Passmore, Rentboy, Club etc - come on, you all state debt is so high - show us your calcs to support your statements?

Come on guys - you all post about it - now is where you share your calcs - otherwise your words are worthless?

Seen several times people post CPI has big debt - I know my calcs

Passmore, Rentboy, Club, Cash, Wild etc- you all post about this - reply below with
1. Total debt (IFRS)
2. Non IFRS debt

as at 30 June 2021

Lets see who really knows this business - show how you calc your figures

(NB. The 190M for Axelos has not been received yet)

Morning all - yes its Green but way too early to tell

5.5% up at mo but FTSE100 is 1.7% up and CPI has been hit much harder

Lets see where we go later this week and by Monday close - 40p will be the first hurdle, then 42p then 48p IMO

We should hear very soon when the results will be announced (rumoured 4 Aug) but if a disposal and a debt restructure is close to complete, personally I would target to announce all at same time

So if it is Aug 17/18th, then so be it - still expect it to have hit 48p before results (even dare I say, 50p)

RR is nearly 8% up so atm 5.5% for CPI isnt enough to convince me its the walk up but would be very happy with 10 days at 4%!!!!

GLA on this greenest of gree days for my portfolio!!

which way tmrw?

Who knows! What we do know is that we are a day closer to announcement H1 results being announced - and we all know that this is the defining moment for the summer for CPI

If the H1 results are to be announced on the rumoured 4 Aug, that gives us 10 trading days

Look at the run up in the 10 days before last years H1 and again at start of the year

To reach 48.4p by 3 Aug, it would need consistent 4% rises, but we also know CPI can move 10% or more in a day

Buy pressure has been significant for last 3 weeks and there will be many sales as we move through higher 30s and 40s - It is going to be one hell of ride IMO - will it make 48p before 4 Aug ?

That Q is rhetorical as I know who thinks it will and who thinks it wont!!

I am simply saying that I expect some big days here over the next 8 trading days - up and down in anticipation

The trading update reinforced my belief that the job was being done well

The expected sales of 2 more non core BUs could be announced soon - would you be trying to get them completed so that you could announce them before or with H1?

Never concerned about my investment here - will be waiting for my targets to sell (exc my trading pot)

Even better - let PE take it at 120p in August!!

Good luck all - Im guessing those with open shorts are now closing if they havent closed already - we will get to see you again in a few months no doubt - just hope its you celebrating getting it to low 502 next time!!

See you on the ice!

Wow - lots going on all weekend!!

Sport and socialising is my whole weekend!

Happily hit my 33p buy and I added more at 32.5p also - transferred more cash into Investment account for any further drop tmrw

GLA LTH

Cashola - having debt isn't a bad thing - interest rates have been crazy low

If the now modest "cash debt" (i.e. not IFRS accounting debt) is restructured out over 5 years, the cash from future disposals is available to either dividend out or share buy back

So yes - talking dividends is now on the cards by end of 2022

GLA

We can only go by what CPI have issued to make our assumptions

Since 31 Dec 2020 Bal Sheet, we have had ESS 300+50M and Axelos 200M. WE also had Montague take 50M debt - that reduces debt / or cash in bank to contra that debt, of 600M

If another 2 disposals get even 100M for unwanted BUs in 2021, thats enough to make the next 18-24 mths repayments and more

A refinancing of debt to take it out over say 5 years and better rates than the company had to take in the state they were a few years ago would drop to bottom line EBT

The "adjustments" that some get hung up on - that relate to exception costs of restructure (eg settling office closures early, redundancy payments etc}, will hopefully be less than H1 profits on continuous operations

That is why the RNS says that they will be cash generative in 2021 - likely later 2021

JL has led us to believe they are achieving what they set out and he has been a master of doing this for many years

Clearly we need proof from CPI that they are on target in the form of H1 EBT and good forecasts for remainder of year

I never invested in CPI before last summer - no interest in what the business was - but with the fall last summer it made the company way too cheap

M&A is my business (today I was consulting for a PE House) and worked for PE for years - talk of CPI going cheap to PE with the fundamentals being what they are, is nonsense

This business has been restructured, is as safe as anything around and will deliver great shareholder returns in the coming months

Best wishes to you all

Looking fwd to seeing the progress delivered proving the turnaround

SP is what it is but will correct - dividends by end of next year also, maybe sooner

Very happy to hold here - less than one years salary

Cash - yes - thats why i said down from 18% to 16%

GMAN - sorry "irrelevant" is maybe not the word

What i meant was taking LT leases off of the reported Bal Sheet debt the level of debt is substantially reduced

Take off the 700M cash they have (and likely to rise substantially with a few more non core disposals) then debt is nigh on cleared but certainly very serviceable

Have been filling the hole - 16% holding from 18%