Member Info for marvin

Not as good as it looks this will be 3% average mine in the last 3 years has not equalled 3% as they think we are over paid compared to other staff on our grade so we are being held back while others are being advanced. They have us on the wrong grade as no one else does what we do in the company. The pay increase in some places is negotiated by local union deals these are often better than this.

With the cut in the price Sainsburys are prepared to pay their customers for marketing information via Nectar points I am now beginning to have serious doubts that the management knows what they are doing. Nectar was always the worst value of the loyalty points schemes and now it has been halved. I suspect they hope that people will continue out of habit and it will save them money for the same information.

How does everyone know this? It is pure speculation, I speculate on this too I expect a divi cut of between 20 and 50% but not until full year I do not expect the interim to be cut from 5p. The only reason I see a divi cut coming is because they can and they can blame it on other factors. It will allow the company then to look better by raising divi's every year there after by 10% thus looking good. It is an old supermarket trick in reverse, price of petrol creeps up by a penny here a penny there till it has gone up 3p no fanfare not announcement we are raising the price. Then big fanfare big announcement we are reducing the price by 2p hooray for the supermarkets allways lowering prices except its gone up by 1p since the last price cut.... There is an expectation that the divi will be cut nothing more and this is over priced in now from my viewpoint.

The big buy of course could be a shorter closing their position for the weekend.

Many stores have ditched the night shift and now remove the labels throughout the last day it is very annoying.

Be aware that one of the subsidiaries in this company has been involved in a fairly serious breach in data integrity in that they seem to have released by accident the whole of their customer database in an email link. The information includes the email and postal address of thousands of people as well as their membership number for the organisation Mutual Points which is a business that belonged to the company that PRO reversed into. When this hits the fan proper will be interesting to see what happens to this share.

Although I missed the sub division "As a result of the Sub-Division, the New Ordinary Shares will have a nominal value of £0.05 each, and the Deferred Ordinary Shares will have a nominal value of approximately £2.379 each. The Sub-Division has been structured in this way to ensure that the nominal value of each New Ordinary Share is less than the anticipated market value of those shares following the Capital Reorganisation." So 430,000/1 1/177

£2.795 share price x 430,000

You are wrong it is 430,000/1 dilution so you need 430,000 shares anything below that is cancelled anything between 430,000 and 860,000 is 1 share and some cash provided it is over £3.

There is a £1.50 offer on the table but it is only a technical one where they were obliged under the rules to make an offer but they really don't want it unless they can get it for silly money.

I am intrugued how do those who worry about the cash burn think that the money for investment and therefore growth of the company comes from? This is a longtermer not a shorttermer as with most things I invest in I buy and then wait and watch.

Looking at that full judgement I think it feasable that he will go personally bankrupt (representing himself all the costs of the appeal) and as the action was against him not the company I think he is in deep. I too will not be holding my breath for this coming back but our best chance is if he does go bump as the people trying to get assets back would like to make the most of his shares in PAQ which may get it revived. Conversely it may get it shut down and the assets sold but if they do it is likely they will lose out totally as well. I could have sold out at a proffit (big proffit over 100%) lesson learned first proffit best proffit.

until the company comes up with what they are going to do.

ON AIM this morning

26th has come and gone and no news and although the rules state 6 months I have know companies go past this date without being struck off.

http://www.ft.com/cms/s/0/8a2b1f88-f5a8-11df-99d6-00144feab49a.html#axzz162qj0Cj6 apparently they were warned

Is loooooming

rns

This is a share to forget about for 2 -5 years come back some where in that time frame and see where it is. It is not going to get any better until or if they grow the business. If they haven't grown it then it will still be poor if they have who knows.

CNT makes a recovery despite the fact it could be wiped out by a debt swap and ROK plunges on a little bad news. I always consisered ROK to be a very stable outfit clearly this may not be the case but if both can survive this there are bargains out there.