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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..
“Relaunch…” “TakeOver…” “…Additional funding” Why would anyone want to back a busted management with a declining product selling, at best, second rate teams: players? And anyone with a good business doesn’t need their goodwill and brand name sullied by coming to MoS rescue; especially when they can probably get a quote in their own right. It’s deplorable how the Board have shut down transparency when, not so long ago, they couldn’t have been more transparent. We all fear the worst but live in hope we are wrong. Standing back and looking at this whole episode, I can’t but think it was an elaborate scheme for Krunch shareholders to get an outstanding amount of cash for nothing. I hope I am wrong.
Hepseal :: I was replying to Bluepun’s comments in his 9.27 posting .. I copied and pasted Bluepun’s comments; hence in parentheses. I wasn’t refuting your comment in your posting of 10.27 :: does this clear up your concern? I should have made it clearer that my posting related to Bluepun’s.
“… This board is littered with inaccurate information and bickering…”. Perhaps the BoD would like to make a timely trading statement, as they did last year, and all this “inaccurate” information would cease. The BoD are just as culpable by their actions or inaction.
The link came from the published Minutes of the House of Commons Committee and the link was to that meeting and the Minutes with Witness’ statements. I copied and pasted… Feeling lot better thank you.. Hope this helps. It’s such a shame what has happened to MoS.