Member Info for legache

Mr B. I'm waiting for 7p purely as an M and A opportunity. No chance these clowns are going to turn the ship around.

Just got my money back in withholding tax. Just to say to other PIs, do it, a pain but not impossible!

Correction: Cancelled. Fat fingers!

09-Dec-21 16:12:32 137.60 -14,825 Unknown* 82.00 84.00 -20.40k O
09-Dec-21 16:12:32 137.60 -14,825 Unknown* 82.00 84.00 -20.40k

30k traded at 137.60.

Didn't see it canceled. Odd

Did anyone notice that almost 20% of shareholders voted against approving the accounts?

Interesting.

Look down the back of that sofa littlened! :-)

I don't agree littlened. There are multiple instances which I can draw your attention to where the business just ends up either getting broken up or hibernates and therefore drifts. Trying to get a return out of this dog is looking unlikely without new management IMO...

Because it's a better use of cash than buying assets which have longer IRRs. It also preferences current shareholders rather than future and is tax efficient.

I would have to be cheap, otherwise, buybacks would be my preference.

Spread 8.10p=9p

They are not making this easy...

:-(

https://www.ft.com/content/89231064-08d6-49d3-a13e-df8446abfc80

Maybe it would help if we collectively write them a strongly worded letter?

Yup, also there isn't enough in retail hands to make any difference, which is why Laurel and Hardy think they can act with impunity.

nm

Well, they're not going to say "we are disappointed to announce"!

I think we all agree that messers Reid and Box are out of their depth. I change of mgt would result in a 50% change in share price overnight. I just wonder what someone like Paul Blakey from JSE would do here. "Miracles" is the most likely answer!

However, noting is uninvestable.

I will have a nibble if this gets near 6-7p, purely as a punt on M&A activity.

Really, don't understand this. Unless there is some terror waiting for us in the update.

I think the point is that all this cash is no use as they're just going to spend it to keep the cash coming in [a rubbish strategy!]

I wonder if another duster is priced in...

Hopefully, the big news re Morrocco is a cash sale...