Member Info for Krustysmegma

Presentation at 3:00pm today (Monday) on Investor Meet Company for anyone interested.

I don't think I've got much to add to my previous comments. You'll recall I asked the company for comments which they duly provided, but I don't feel any more reassured going forward. Less vessels = lower revenue = reduced profits = smaller dividends (eventually) accepting the debt has almost been eliminated. The thinking seems to be sell vessels now to buy back when prices drop (this is how Chris Buttery made his fortune) but what if prices rise? And if that is the plan, why pay a special dividend instead of retaining the cash for future vessel purchases? Hopefully we'll get more clarity when results are published next week.

Hi all, I'm not as optimistic on the NAV as Mike. I see it dropping closer to the $1 mark reflecting the reduced size of the fleet. TBH I'm more interested in the outlook with daily rates increasing and a slight improvement in sentiment re tariffs (that's todays news, tomorrow could be different of course!).

Is anyone else reminded of Jackanory this morning? Just me then...

I don't remember the song but it is indeed Good News Week Warty. Let's hope this is just the beginning and that it becomes Good News Month, and so forth...

There you go again with your "loss leader" nonsense potnak. None of these compounds is being used as a loss leader, simple as! We had all this months ago and it was completely disproved. Ask Parker if you don't believe me.

Dividend received in HL, current exchange rate is doing us no favours.

Come on, somebody must know something. I'm nearly in profit ffs!!

Naz??

5 industry awards too which shouldn't be underestimated. A lot of industry professionals have delved under the bonnet and like what they see. Scale is definitely an issue here unfortunately, especially in the current merger-mad environment. The management team here is too good to be taken out, let's hope they get the chance to prove it over the coming years. Adding here when funds available.

Very positive again, no negatives to hold back the excellent performance of Action once more. Look forward to the half-year report and interim dividend declaration in a few months time, in the mean time sp recovering nicely from recent unwarranted falls.

Very pleased to hear this Warty and may the news continue to be positive going forward. Hope you've got some support (family, friends, neighbours) lined up at home for the coming weeks, I found it exhausting looking after Mrs. K and managing hospital visits, surgery appointments, household duties etc. All worthwhile in the end though. Best wishes to both of you. K

Thoughts are with you Warty, hope for a good outcome for Mrs. W. Been through a similar experience with Mrs. K, puts everything into perspective.

From today's Shares Magazine in an article entitled "Hold tight on ME Group International after it invites bids":

"Founder and largest shareholder Serge Crasnianski owns 36.5% of the shares, which means the family will have a big say on any offers that land on the table. While a 42% return is not to be sniffed at, we would hold out for a higher price." (the share has gained 42% since tipped by the magazine).

also "ME Group is a high quality, cash generative business with strong growth coming from the roll-out of its automated laundry machines. Any potential buyer would need to pay a decent ‘control premium’ to the undisturbed stock price to get the approval of shareholders."

FWIW, I think there's either a big offer being discussed with the family, or else it's purely speculative to see if anyone has an interest ahead of any potential future expansion / investment. But I guess that's stating the obvious really! Interesting times here though, for sure!

Thanks for stating the obvious EOB. "Big Rock is nearing an agreement for the sale of ITCs". That's what they've said. All I meant was, if the market doesn't see confirmation soon, the jitters will set in again. I'm not impatient, but the market is.

I think you've pretty well summed up my thoughts on this guys. It's going to be interesting to see earnings projections going forward (US assets in particular) and the implication for future dividend payments. My only saving grace from this is buying more shares sub-50p on the basis that even 4p dividend represented over 8% yield, as reported here at the time. The ITC sale and special divi declaration needs to happen soon now if any credibility is to be maintained.

True Velo but you can't ignore Vlad's position in the company and desire, I'm sure, to take it on once Serge decides to retire. Vlad is already the driving force behind MEGP and won't want to give up on the potential growth still to be had here. Having said that, of course everyone has their price. Either way, interesting times here for investors.

Both outcomes (the low offer and the no intention to bid) were reported via RNS yesterday.

More going through now alf, be nice to finish above 0.60 and break out of this range.

Hi eccles04, as neither of the funds have commented specifically about a takeover/merger then it has to be regarded as rumour at this stage. However, it's likely that some discussions have taken place IMHO as both parties have expressed openness to such arrangements going forward. Just wait & see for now I think.

Re the yield, yes 12% is about right at 8.43p target, you can never rely on LSE data for dividends & yields. HL is more accurate but not infallible, reality is they don't prioritise keeping up to date with this stuff.