Member Info for LWHL

I am still here, although had anticipated my target price being reached by now. No matter, IMO the SP has looked quite healthy recently, even if we have not spiked up as I would have hoped.

Probably better for you LTH's, though. GLA.

Base_jumper: If you are a shareholder here, ask them. I would, if I was still. One of a long list of questions that I would put in writing to them probably.

What a mess.

That would be an 85% decline radar. Fair point about historic SP performance though. Certainly think the next 12 months or so will be material for the company, one way or the other. GLA.

Fair enough. Chasing losses is dangerous though. Have done it myself. A few times, I managed to trade my way out of a dog. Probably an equal amount of times, I just ended up compounding my losses.

In order to work your way out of an 80% paper loss, unless you have a small position and are willing to buy a much larger number of shares at much lower prices, is not easy to do. It can be done of course, but IMO it is a high risk strategy. Especially with an outfit like this one and in this financial climate. Not to mention the opportunity cost.

Hence why I have not done so myself here. Total wipeout here for me would sting slightly, but would be quite painful if I tried to get myself to eg an average of 18p (nearly 3X where we are now) - and the tactic failed. To get down to eg 12p would require a lot more still.

If SOH does end up buying huge quantities soon, then IMO the risk would be far less, because I think it would suggest he still has sincere confidence.

He bought on the open market at far higher prices a few years ago, as an example. But has not done so for a long time - all the while taking home the kind of remuneration that would be reasonable for a CEO of a successful and cash rich operation. Which this one most certainly is not.

Both ASOS and PFC, apart from being more mature businesses, with a proper shareholder roster, have also seen some decent inside buying. So I would not put them in the 'punt' category as this one is right now (IMO naturally).

But I wont mention them again on this board, as not really the place, because I am not trying to ramp them and most of all, because unless I am proved right about them...I will be wrong :) Just as I have been here, where once I was obviously very confident. Even bought some for the kids a few years ago. Now that one stings, even though it is only a smaller amount than I hold!

Agree, shandypants2. Inside buying in this case would be to show he still has significant faith in the business.

He may be sitting on a decent amount already (albeit most of them essentially freebies), but he is still drawing a hefty salary, in spite of how little progress he has made in the past few years.

Or he could start taking a nominal salary and make it up in share options with a decent strike price. That would send a similar message. As things stand, we have evidence of reward for failure, based on the most recent information.

anon3: For 10-20% quick trade prospects, I would look at something like ASOS or PFC. Not investment advice of course, DYOR etc, but I have some in both of those with that type of (hopeful) profit margin in mind and a shortish term in mind too. Circa 5 quid and circa 80p respectively, since you asked :) Both feel far less of a punt than this one right now also - but time will tell and I could of course be wrong. And of course, many LTH in both of those outfits will be as underwater there as we are here! Timing is everything as they say.

Anyway,

BBB's second paragraph is a good counter to your 10.56am post IG. Maybe the pudding will turn up this time, then the eating will tell if it is any good.

In part, the reason for my comment about it being a punt right now.

Anyway, will leave you to it. As I said earlier, good luck. Genuinely.

Yes, I think it will, anon3. For me personally, I need to see a reason to add further here. Right now, I am struggling to see the investment case for not taking a loss similar in percentage terms to your current position.

At this point, no great rush I think, but equally, not just going to hold come what may either.

A 50m market cap was cheap, when shareholders were misled on Dundas. Given where the company is, at the time of print, I think the current m/cap is far too high right now, without having even bothered to look at what the latest round of dilution will do to shares in issue etc.

Putting that aside for the time being, as BBB points out, what did happen to that 7 million bucks?

I too have made profits on occasions by investing in outfits where historic failures had destroyed LTH's, so I take your point on that concept, IG.

If circumstances change here, I would potentially reconsider my position, but it would require significant boardroom changes and significant inside buying too, as a minimum - plus full disclosure on what happened to all that allocated cash. Right now, I simply cannot see, even to someone without a position, or a brand new position, and looking with fresh eyes, how such things are not of real concern.

In this economic climate, you would do well to get 5p from this point in Q3, even if they had a cash runway that lasted into 2025 IMO. But time will tell and good luck to you and other holders.

We all have the same aims at the end of the day.

Right now, this is only a punt, nothing more.

Spot on, Triple B. I would suggest anyone thinking of investing here to consider their comment, and more importantly, review all the RNS material for this company dating back to at least 2018. Then, if you feel bullish, well that is your right.

Well, now we have the update and Stephen is no longer in a closed period, he and his fellow directors can buy a significant number of shares today on the open market.

I mean, why would they not want to? Based on Stephen's enthusiasm for the immediate future here, it must be a no-brainer, right? If he is being honest with us, I can see no logical reason for him not doing so. This market needs CEO's that walk the walk. So far, we only know that Stephen can talk the talk. Come on Stephen. Give me a reason to remain invested here. Better still, give me a reason to increase my holding here.

I will certainly be taking my lead from their actions in the next few days. Look forward to the thoughts of other holders here. Both those in agreement with my sentiments, or otherwise.

Well, that RNS has not given me any cause to regret my decision to sell up. This outfit IMO is still giving the impression of being, at the very best, a lifestyle company.

Surprised any of the main shareholders decided to participate.

I hope the BOD get chucked out at the first opportunity. Total clear out. Then it might just be worth looking at again as a potential investment. Only IMO and you are of course entitled to feeling differently. Does anyone feel bullish here, out of curiosity?

Yeah, the lack of an RNS, even at the close...it is not good, is it?

The whole set up needs investigating, IMO, but so do a few other AIM outfits. Might as well wish for the moon.

Nicely played, MrWolf, although I was of a similar opinion to your associate, so did not take a trade this time.

If we see mid 130's, I will have an itchy trigger finger again!

Apart from the unchanged macro stuff, I think I am right in saying that we are in a period where funds are re-balancing (certainly the case across the Pond), so this will likely impact the indices for the next week or so. Now watch the markets take off on a melt up instead :) GLA.

I might have had that material in mind during the period I was doing some research into the company, when I had decided to buy some for a LTH, rather than just for trading. Thanks for jogging my memory!

The sharing of ideas and knowledge, both bull and bear material, represents the best of these chat boards. GLA.

Xenor: I think that is a fair possibility. A similar thought crossed my mind a while ago regarding what IM could do for the company if the decision does go our way.

I think I may have alluded to it some time ago, but I cannot remember.

Either way, simple economics and lender risk calculations would suggest that it would obviously make this company a far more attractive proposition to lenders than if it does not go our way. Likely far better terms and conditions etc.

The key thing IMO is that we are not wholly dependent on a positive IM result for everything else to progress. So we are not in a binary play here. I am expecting continued volatility until we get proper clarification though. That much both bulls and bears can probably agree on! GLA.

I did say the other day I should have waited :)

Never a dull (or quiet) moment on this chat board! If we see 12.50 or less on no formal company-specific news, I will take 5K more. This will give me a round number of shares here and will pretty much be paid for with the profits that I made by a cheeky little day trade this morning on another company. That really will be me finished buying here though! Gulp :) GLA.

Thank you Taverham. Managed decline for now. Might get chaotic if we continue on the current trajectory.

Perhaps we simply cannot avoid our fate. I am minded to think of that excellent book by Jared Diamond 'How Societies Choose To Fail or Succeed' (or worded something like that).

When I look at our politicians (whatever sticker they have on their lapels, makes no difference) I reflect on some of the sad historical examples he cites in that book.

For example, I could imagine a number of our current Parliamentarians happily chopping down the last few trees of Easter Island for the most spurious of reasons! Anyway, fascinating book if you have not read it before, IMO. Not an endorsement, and I wont get paid for touting it. More is the pity! :)

Presumably they will also have to contend with increased labour costs, insurance costs, inventory costs, on top of building/factory/office energy costs? Increased regulatory interference costs businesses time and money too.

I doubt the red tape is any less today than even 12 months ago! Not saying that there are not potential work-arounds for large corporates that can offer lucrative consultancy work for jobbing politicians after they leave office of course. Naturally, I have no opinion on such an idea myself, but others may feel differently. :)

Anyway, at some point, these businesses will lose the capacity to do this (the cure for high prices is high prices, to quote an unnamed source).

IMO, the bottom line is that the politicians are solely responsible for our badly exposed energy insecurity, which dates back decades now. During this time, public money has been squandered on all manner of utterly useless vanity pet projects and a bloated, inefficient public sector, which for the most part offers a disgraceful ROI.

Because public money is always spent with the carelessness of a dim child.

These inefficiencies and appalling lack of planning are the proverbial chickens coming home to roost.

But politicians gonna be politicians, so expect them to continue to play the blame game at everyone else but themselves. Cheap and plentiful energy security was (and to a degree, still is) a political choice that they refuse to take. Meaning the 99% will continue to be sacrificed on the alter of their net zero religion.

But enough politics for one day! Good weekend all and hopefully a better week for the markets then.

Bit annoying not to have issued this RNS either first thing, or at closing (although it is usually a bad sign if last thing on a Friday, so perhaps not in this case!)

Presumably a bit of PI pressure to do so? If so, good - I like a BOD that is proactive.

I am comfortable with the outline provided today. As mentioned before, I will not be entirely relaxed until the full specifics of funding are provided, but we can now wait for the next update with the gap of radio silence removed.

Always a nerve-jangler on AIM stocks in this type of macro environment. IMO, JW seems to understand this - but proof in the pudding of course - so cautious optimism only until that day.

Hopefully IM news (one way or the other) soon too. Good weekend all.