Member Info for Leisurely

“ Hi new to this company just brought shares at 0.38p would you say in the next 12 to 24 month this could go up?”

Why would anyone buy any shares without believing they will go up within the next two years?

I got an email at 7:30 on my allocation and price of 2.39. Also rns is available on their website but not here.

I’m a bit flummoxed by all the Buys. Even with a confident long term view there are so many that bought at 0.25 that will make a quick profit by selling on 10th June - that will lead to a drop and the price to converge to 0.25 then even if only For a few days. Amazed it’s holding up. Possibly factoring in the very small chance the old shareholders will reject the placing.

For me, an interesting point here is the review of Goodwill. Just check the last year accounts and Goodwill of 6.6bn was greater than Net Assets of 6.2bn. So at the time, you could argue all the value of the company was tied up
In Goodwill. A reduction in Goodwill maybe just reflects the recent drop in share price and hence market view but any change has a direct effect on the Net Assets of the company. Let’s hope any reduction is not too significant.

I’m just reading the rns. It’s my interpretation. And I’m not at all new to eua. I hope you do well out of it but there is nothing positive in this rns that is news but there are negative things in this rns that are news.

Nomad resigns. Only sitting on 600k cash. Didn’t follow rules in creating $1m loan facility.

Not good.

Govt is failing on testing. We are no longer in the early stages. There a many positive nhs staff who don’t know it yet and are spreading to other staff and patients. An ambition of 25000 tests a day is woefully inadequate - there are a million nhs staff and a significant portion are frontline (including porters, receptionists and cleaners). In most other countries the quality of the test is not in question so it should no longer be the case here.

Pretty disappointing that he can do an interview and not even be questioned on why he failed to report changes in his stake in the company; that he has made far more than other investors by selling stakes through February (even if indirectly); and why he knew nothing about an additional $4.4bn of debt.

In the last account easyjet hedged 68% of forecast fuel requirement at $90 a barrel ($655 / tonne). Does That mean they have to buy the fuel rather even if they don’t need it? Even if they sell it straight away at market rates ($20 to $30 a barrel) they are losing about 70% on this unused fuel use. So, if they had expected to spend £1.3bn on fuel and 68% of that is hedged, £880m, and they lose 70% of that if they don’t fly then that’s an annual rate of £620m or £50m a month by doing nothing ; just on fuel. Actually not as bad as I thought because they could go along time with this loss.

Gmcc, the world is a different place compared to 21st Jan. there is now active targeting to oversupply the market. Fine for long term for any share than can weather this six months to a two years. Many smaller companies, of which LEK is one, will undoubtably struggle. I would rather see an rns detailing how they plan to manage the next year or indeed, whether the consider this as business as usual.

Sorry to be doom & gloom. The oversupply in the next few days is expected to reach 6m barrels a day with global storage capacity already 75% utilised. There are predictions oil could go to $10 a barrel in the near future. So there must be a oil price that GKP would halt production at; id bd interested to know what it is?

The payment is 5 days late (at least). That indicates cash flow problems to me. Very much hoping I’m wrong.

All debt must have someone’s signature on the contract & be in the name of NMC. Until we know the names on those contracts we won’t be any the wiser.

It’s about time the word ‘fraudulent’ came up in an rns. I would guess the main shareholders were too wise to have their signature on anything and it’ll be the cfo who carries the can. And the cfo will have very few relative recoverable assets.

I thought it a shame there is no reference to any penalty or potential action against the unnamed third party that provided due diligence. An odd rns not to explicitly name them.

On top of that - surely some laws have been broken here ... even with it being AIM

Poor governance and abuse seems rife. It borders on corruption. This’ll be down tomorrow I’d expect. Not sure whether to bail.

Popeye, why are you defended cudd. He spent six months on here calling every negative view a short f**ker. Literally. He is rude and obnoxious. Anyhow, there is no way ‘hero or zero’ would ever go short no matter what he says. It would mean he was wrong all along and he wouldn’t be able to accept that. He is the worst investor I’ve encountered. They say he gets out fully is the day I buy in big time.

JTMacs, I don’t overly focus on metro’s NAV. The NAV is being slowly chipped away. I don’t see a takeover / JV either. There’s a lot of competition in the market and new market entrants. A potential offeree is better waiting to see how things pan out.

In any event, I was basically saying I think it’ll be lower in three weeks. Let’s wait and see.

Even if this bounces today there’ll be no news for months. The stagnation and insecurity following a loss of £22.7m in q4 will just see this go much lower in the coming weeks.