Member Info for londondan

Good to see our three-or-four man ramp crew have turned up out of the blue to pump this today.

Work harder guys! There are plenty of people wanting to get out of this dog with their shirts in one piece ;-)

Indeed. I'm enjoying this and am sitting on a nice profit already. Great to see.

His Star Sanctum post is easily my favourite from his back catalogue. I think it's the only time he's ever attempted to comment on the company itself, instead of just attacking others. With 'analysis' like that, I can see why. Too good.

Well that's an easy one to answer isn't it? He's not selling out because his investment is now worthless. He's torpedoed this company to the point that there's no point in selling his own shares. There's a great tweet on the #CHAL hashtag about the extent to which the CEO has destroyed value here in record time. Well worth a look. I'll post it here when I'm back at a laptop (currently on mobile).

Thanks Flightman. Agree with your read of the current situation as well. Have a good weekend!

"Plenty of upside to come and I've explained why in the past"

No, you haven't. At all. You got in for a punt and like everyone else here you're now underwater. That's fair enough, but don't make out that it's anything different.

The more I think about it, the more I think that this dog is probably doomed. Anything other than a full restart of the NY Wheel could well be enough to put this pos out of its misery once and for all. No revenues, no tangible investments, no meaningful prospects beyond the (very slow) return of £100k which should never have been given out in the first place.

Self pay was reported to be up 8% in the last update. That's a really decent increase in a competitive market. Agreed that PMI is flat (and has been for over a decade) and the NHS revenue isn't coming back any time soon.

It's a risk for sure but my position is that the current sp significantly undervalues the business.

Lol, is that another sockpuppet account zapped already? I didn't even get to see that one. Might be a new record. You'd think he'd learn.

Good find, thanks. Well well. Looks as though we'll be getting some news one way or another soon enough. Anyone heard from our CEO lately? Is he on holiday? What does he do all day?

It's worth noting that everyone who has 'called the bottom' here previously has been wrong; right from the days of 'we're just waiting for an RNS to confirm Jakarta', through 'watch the live cam, AB on site!' to the present day 'maybe the project will restart without Challenger being diluted in to oblivion'.

Do feel free to share your national and/or international news sources pertaining to this project iain.

I'm sure you wouldn't want people to think that you have absolutely nothing of any value to say about anything, ever...

Really good post, thanks. Unfortunately it's totally accurate and a sad indictment of the current state of play here.

Agreed. The one bit of the project which Challenger doesn't have any stake in is thriving. Of course. As the deadline creeps ever closer I'm losing more and more faith in the idea that this is ever going to restart.

Amazing how quiet it went here over the last six months or so, aside from 'Drt67' and 'Alistair44' below who both have 'disgruntled former employee' written all over them (and that's assuming they're not the same person).

This was one of my more successful calls ever in terms of 'buy/sell' timing and I'll be sad to see it merge in to CareTech as a result.

Jetski accusing someone else of not making sense? Well no wonder the irony-o-meter just melted...

Thanks for your continued research PI73.

I can't see which of my two filtered friends you're engaging with (Laurel & Hardy, if you will) but it isn't a surprise that they're struggling to understand something so rudimentary. The vast majority of us understand its significance.

Quiet here at the moment - not even a dozen trades all week. The NY Wheel clock is still ticking.

I would have ordinarily said that another bid appears likely, given the recent price crash and the fact that there are a few potential buyers floating around out there. However, Spire recently turned down a bid because it 'undervalued the company'. What chance do we have of a bidder coming in with a higher offer now that the share price is in the toilet, compared to where it was at the time of the last bid?

Would the Board have to reevaluate what 'fair value' looks like, or will it just deter a bidder from having a go? It isn't as clear cut as the first time around, when plenty of us predicted a Mediclinic bid was coming in and were able to time our trades accordingly.

My buy-in this time around wasn't based on the expectation of a takeover bid in the near-term. I now see it as a 'buy and hold because I think the share has been oversold' - any M&A activity would just be a bonus.

Miller, you've apparently forgotten the rules of dog-share ramping.

If it's blue, it's a buy. If it's red, it's a buy showing as a sell. If they're all red and the share price falls, it's 'MM's playing games'.

Agreed Gary. This business hasn't had a good couple of years, but is clearly taking steps to rectify the NHS issues and the Directors are taking advantage of these low prices as well. The CEO alone spent £200k on shares yesterday and that has to be seen as a positive.

I feel for those who are holding from 2.50 (or even higher), but am very pleased with my 1.60 buy-in. I'm perfectly happy holding this one for as long as it takes.