Member Info for Lawrmyer2

TB has a reputation as a bit of a pump and dump merchant. The other companies he’s pumped have had a ‘revolutionary’ new product. However, they’ve never taken off.

His involvement with CMH is rather different for the reasons stated earlier (old company, tangible products). Personally, the makeup of CMH doesn’t lend itself to a pump and dump type scenario. Instead, it lends itself to a more steady climb from where we are now.

Some decent sized round buys today. Is something cooking

Me too Jerry. I thought for a good while that 2p was the floor but we’ve managed to drift below that. The picture here looks a lot better than it did. The company had 2 businesses to focus on now. A lot of the noise coming out of the company is positive. The current MC/SP isn’t aligned with that at that moment though unfortunately.

The company isn’t sexy and neither is the industry. However, I we start producing £40/£50m turnover like a past RNS said, and we can make a decent profit margin, then the market cannot ignore us forever!

Agree…CMH is a different beast.

It’s a very old and established company which has tangible products. It’s been a heavy ship to turn.

A lot of TBs other endeavours have involved new companies with supposedly revolutionary products being touted as the next big thing.

I accept that CMH is totally different to TBs other companies. However, investments are investments and he is looking to make money, as he always has.

I don’t believe CMH will pump 5/10x over a few weeks. However, I do believe we will get to x10 of the current sp…it might just take 2 years rather than 2 weeks.

Also, sudden pumps are unsustainable, as the other companies have shown.

I’d rather we grow gradually to 15/20p and in a more sustained manner

I know what you’re saying about TB. However, whatever company he is involved in, the company SP has always pumped multiples at least once - eg RMS, Braveheart etc…since TB has been invested in CMH, the sp on the whole has declined and there has never been a x5/x10 increase in the SP. While nothings set in stone, I’d say he’ll want at least 1 big pump for his investment.

On the subject of SP increases, nice to see some positive trades and price action today

While I can’t explain the slow decay of the sp, from the information given out, I don’t agree that it’s a dying business

Thanks Trek.

Won’t be making a complaint, just an observation that the notification seemed to be late.

Yes, I think they probably are.

I believe it’s still a positive that the Brown family has purchased the shares. They must see some profit to be made in the short/medium term.

One thing I have noticed is that FAB crossed the threshold on 15 January and notified today. That seems like quite a delay. Off the top of my head I’m not sure what the rules to notify say, but 6 weeks seems like a long time.

Https://en.m.wikipedia.org/wiki/Free_Association_Books

FAB has an interesting history. It’s not an investment company per se, however, in this case it does seem to be being used as an investment vehicle for the Brown family.

I think it’s pretty clear that TB is pulling the strings being FAB and he can’t add to his holding so he’s using FAB to achieve an increased ownership of the company.

Naturally, it does raise the question as to why TB would take this course of action if he doesn’t believe the company is going to become successful and earn him a decent return on his investment.

Companies House shows that TB and his family are linked to FAB…..interesting move

Looking at the trades this morning perhaps someone has had enough

I’m out at the moment so will have to read through these RNSs properly when home.

Wasn’t expecting the sale of Petrel. It releases some much needed capital which is definitely a good thing. Obviously we’ll lose Petrel’s income but with some of the sale proceeds being used to expand other areas of the business, then that should make up for the loss with some on top.

Fully get the sentiment.

A lot of trading activity this morning. Everything being marked as a sell but I believe there’s also a couple of big buys in there too.

Should get the HY report by the end of the month. Generally we know what to expect but it will still be interesting to get the report and have a look in detail.

You are right.

The PAYE liability has been buried in the last few final year results, about halfway down the report. It’s only mentioned once in each report.

To me, that’s not good enough at all. Owing £1.5m to HMRC is a massive deal and one that shouldn’t be buried deep within a report. It should be a lot more prominent than that! Poor form by the company IMO

I’ve also posted on here that I wasn’t aware of the PAYE liability either. I haven’t trawled every document released over the past couple of years to look for it. However, I don’t believe it was announced previously. It’s disappointing to say the least!

Good point re dilution.

Hopefully this is the floor in terms of SP and we can start moving up. If we start consistently recording profits, then we can’t stay down here forever!

Should be issued within the next 6 weeks. We pretty much know what to expect but should still make for interesting reading

So Dartron was right about Chelverton

In my many years investing, buy backs have never had their intended effect. Been involved in many blue chip companies who’ve engaged in several buy backs and they have never increased the sp as intended.