The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Good morning “berniebassett”.. apologies:: results issued 48 hours earlier but still the same principal (at the last it opportune moment whilst recovering from over-indulgence in the last few days revelry). Huge losses .. probably won’t have managed to get a “Going Concern” statement without the recent raise .. but, hey ho.. enough cash in bank for salaries and expenses for next 12 months and hope we can find another business sector to pitch our story to new investors.
I wrote a post about 4 hours ago and it’s vanished. Has this happened to anyone else? It wasn’t defamatory or personal.. it said :: don’t buy any Placings etc.. let the initial shareholders now finance the company .. you’ll either go down with them or ride on the back of their success.
Weedavemac:: accept your loss to date… let the people who have already taken out serious money (Krunch payment) take up the offer … they will; if they don’t then they’ll loose everything and whilst there is a chance of getting some money back they will continue to support. Invest your money elsewhere… The Warrants aren’t and won’t be worth a bean.
Don’t understand why Charwell sold in such a fashion as the Company, with its large cash balances, could have bought the entire holding. No Directors buying, under these circumstances , tells me that something may be afoot.. I think at this price it’s tremendously undervalued depending on what the various business are valued on a stand alone basis.
The accounts need to be delivered in the next few days.. whilst there may be a few financial bits of smoke & mirrors and upbeat comments about the future project of selling freezers to the eskimos .. I know that none of you (well the majority with the heads screwed on and not in the clouds) will take the figures apart and bring reality to the situation that the company has been put into by the BoD and fellow cohorts. It’s a sad fairytale.. BUT it’s Crimbo and Santa may find a mug to buy this company for loads of dosh (I now getting the “upbeat it’s a great future) disease..
It’s all summed up in the RNS sentence …” Given its limited recent operations, there is no financial information regarding Estadio to report…”. The Placing had to be taken up otherwise these major investors would have lost their shirt :: they had no option other than to subscribe to keep this basket case afloat. Totally unimpressed with this new storyline but it keeps enough money in the kitty and an excuse to rack up AirMiles. WA operate out of Portugal and haven’t taken up the EU approved SDM tax initiative, which is far better than using Malta. Looks like Scoffman has also been bailed out.
Exciting times “Guzzler” :: this could roller-coaster very quickly down Carey Street. I feel we’ve all given up any hope of breaking even let alone getting anything back other than a tax loss carry forward. S*****g brick times but if this goes down the pan then Epstein et al will become unemployable; unbackable and not trusted to manage OPM.
As there is no information coming from the BoD you may like to make contact with the person at Panmure Gordon responsible for MoS (Simon also specialises in Travel and Leisure, which makes him an appropriate person to help Epstein……! 😂). https://panmure.com/our-people/simon-french-2/ I doubt he’ll tell you anything but you can always ask if Panmures’ are going to issue Research on their new client (26 July they were appointed and all but silence so far and they are not the book runners in the shares)…
Morning berniebassett : the NOMAD to MoS is https://www.beaumontcornish.com/
You’re correct, Beaumont Cornish are the NOMAD but Panmures is now the sole corporate broker replacing Peterhouse Capital. My comments, however, remain that BC are just NOMAD advisors (SE Compliance paper pushers) and Panmures can’t and won’t provide any financial help to MoS.
Cititildie :: what, I think, Systemicbods is saying by posting the link to Panmure’s latest filed accounts is that Panmure doesn’t have the Governance structure nor the policy to use its financial resources to support MoS. It just wants companies who are fee paying clients for corporate advice. MoS shouldn’t expect anything from Panmures except fee notes acting as a NOMAD..