The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Why isn’t there any good news ..? Hasn’t the BoD got anything good to announce? Why is the BoD allowing persistent negative comment - there’s no benefit in allowing the sp to travel south every day. I just get the feeling the BoD have no regard for their shareholders or stakeholders..
Not a good article for NFT marketplace. https://www.telegraph.co.uk/money/consumer-affairs/crypto-calamity-where-not-put-money-2023/
The problem with any income from the Argentina venture is that whilst you can show it in the P&L but can’t (without huge difficulties and discount) repatriate any cash back to HQ to pay the bills. There is a severe currency control in Argentina.
We are overdue a Trading update (last year was 1st December). The Guardian report and Q3 NFT market report is a serious concern… so a Trading update is essential for shareholders to understand the “hit” rate and if the Balance Sheet and cashflow is stabilised. At that point we will know if the calls for ME to be replaced have traction and is there is a stable and growing business in the NFT marketplace.
In a few days time, when the a/c’s are released; 2 things will happen: The “I told you so / get rid of ME / what a mess” brigade will be thumping their keyboards alongside those whose missive will continue to be .”I told you so / company going from strength to strength and, wait for it, through the clouds into the stratosphere..”. No matter how much learned opinion is expressed - it will all come down to how many buy orders the MM have :: a belief, by third parties, that MOS is a company worth “putting in a few Bob and see what happens as the fundamentals now seem to have some traction”. We all (rampers :: derampers :: in for a quick buck brigade) wait with baited breath for the MM reaction.. Happy 2023 to each and everyone of you…
The Auditors act for the Shareholders - not the Board. If the audit is delayed that’s because the Auditors are demanding information and clarification from the Board & Management before they sign off the accounts. I’m relaxed that they are taking their time before signing off - but concerned that they can’t seem to get the information in a timely fashion… or that’s it’s just not there in the audit trail. Companies use Christmas Eve and New Years Eve to announce and bury unhappy information.. caveat emptor. Not long before we know what has happened.. Any announcement on the 30th December won’t have any effect on the share price as the markets are closed until Tuesday 3rd January..
Sooner or later the Company brokers will say they can’t place a single share (even at a huge discount of 60%) until the company has turned the corner, stemmed the negative cash flow and has a sustainable and growing business. I think that day is not too far away.
Based on last year’s timetable we have 9 days before the Final audited results for the historical period ended 30th June 2022 are announced and the AGM Notice. Hopefully, that will show us where we are currently and also give us some news on the company’s prospects with a Trading update. Until then… go Crimbo shopping; sit in your hands with a mulled wine or read a book. No amount of ramping or deramping gossip is going to change the situation except the results and a Trading update. Happy Christmas to you all and wishing you well with your share trading in 2023…
We were all hoping that the WC would show us what MoS was all about and that we would start to reap the benefit of all those shares issued; acquisitions and ventures into new markets with new product. Regretfully, the WC hoped for uplift is a damp squib and this is reflected in all these share sales and the so heading south in a daily basis. We can only hope the annual results and trading update, due soon, will prove all this market scepticism to be misplaced - but until the true position is determined (statements by the Board) there will be no respite.
Interesting figures BUT how many were available to be bought? That will tell us if the take-up (interest) is either 31% of the stock or 3.1%… makes a huge difference in understanding the market demand for these NFT’s.
I’m a small shareholder that has been reading the bb and just registered. I accessed the page that Carr suggested and was dismayed, having seen that the main drop is on the HeroesNFTclub, that the invite page has only 675 members. However, the Selección National page for the Mexican team does have 6.5 million followers. Why so few in the NFT club? I hope that all the “anti ME” will subside when we see the Full Year figures that should be out shortly and the benefits of their work shown in the t/o and bottom line.