Member Info for mattwales

I meant interim results plus that trading update could lead to lower turnover full year we will have to wait and see but I agree its worrying

final results were drab too at a complete standstill to the previous year like they are winning contracts then losing some and the trading update didn't help to confirm that suspicion with losing clients.

We could stay in this downtrend back down to the 2s yet as a number of these talks won't amount to anything in terms of turnover gain from anywhere from 6-24 months, if at all and any contract gains seem to be at the expense of contract losses. If turnover is the same this time next year AIM is unforgiving.

shareholders need to voice their concerns to the FCA and SFO. The more letters they get the greater the chance of them investigating shareholder concerns leading to any prosecution.

On 9th March i purchased Conviviality shares LON:CVR just after the CEO of the company Diane Hunter purchased almost �50000 of the company shares. Later that same day the finance director also bought over �120000 of shares. My concern is 2 days later the company issued an RNS suggesting a �30m tax bill they hadn't accounted for which led to the groups suspension. At the time of the first profits warning both the CEO and Finance director would have been aware of the companies accounting position. After the initial purchases by the directors of the companies it became public knowledge that institutions had sold out some or all of their positions like they had been tipped off to get out. Also the day before the first profit warning Investec the companies nominated advisor and Investors Chronicle both issued BUY signals to their clients like they were colluding to orchestrate retail investors buying the shares of Conviviality as Institutions were exiting the company. I believe a serious investment fraud has been orchestrated by both Conviviality directors and Investec their nominated advisors and possibly even KPMG the auditors of the firm. I hope that you can investigate this ASAP because it needs to be substantiated if the directors knew (which they couldnt have possibly forgotten a �30m tax bill) as it appears to be a clearly designed fraud orchestrated by both the company and Investec to defraud retail investors who bought after the director purchases of shares on the day of the profit warning.

if you feel its fraud which i do fill in the following SFO form which i have. I have also contacted the FCA a week ago with my concerns. Its all we can do. https://sforeporting.egressforms.com/

i think an evening standard writer stating he'd spoken to a fund manager who turned down investec's placing offer of 10p would be factual, especially when the same article mentioned around �130m, it was posted earlier today on here.

we're facing wipeout and we'll be allowed an extra 2.3% share holding from the open offer. Seeing as this is going to a vote i find that pretty disgusting as if they can spare time to vote on it then they can issue a prospectus to shareholders. however, nothing to fear the SP will fall right down to 10p with over 7 times the share capital issued on the market and we'll be able to buy as much as we can at around that level.

difference here is if that 10p is right then approximately 1.3 billion shares get issued or over 7 times the share capital.

it ties in with the earlier article to raise �130m at just 10p, existing holders screwed. surely to be an FCA probe into recent director purchases etc as i for one feel scammed.

run a retail business and everyone will tell you jan and feb are the worst, its the xmas effect with people paying debt back, this has been the case for the last 20 years or more, its not just this year.

i'm also bearish....however, have to acknowledge that's a great appointment if he can bring clients he has worked with across which shouldn't be too difficult.

interesting that they now only have 16 employees rather than 23 at year end, that's gonna save �15k a month or so.

ty muller i was just about to post that link....i can see the FCA stepping in to investigate the CEO purchase of last week, its going to end up like Tesco in my opinion and hopefully payouts to the suckers who bought in on the back of her trade.

does your mother know ur posting online?

disagree with him in anyway ur subjected to verbal abuse the sociopathic narcissism play. the external talk of a placing of 10-30p is worrying....i just hope we get the chance to average down with an open offer included because realistically there is no reason to screw existing shareholders.

from what i read about the acquisition, suppliers got shafted in the pre pack administration. maybe its fuel duty seeing as they seem to be fuel convenience stores, this is another http://www.propex.co.uk/emails/pdfs/26_01_17_Mhead.pdf

we as shareholders will never get the answers, im just hoping we get a chance of a rights issue and its not a placing.

im not so sure they paid over the odds that's just one outlet which they paid according to that 5 years lease rents upfront june last year gross profits �11.63m no details on net profit. http://www.propex.co.uk/emails/pdfs/13_07_17_Sher.pdf

oh yeah everything is rosy its not like she headed a company into technical insolvency and had to get pwc in, in a pre administration role......everyone that challenges your stupidity u class as a troll

how can u incite fear in a companies share which isn't trading....think about it you cant. everyone is entitled to an opinion and so far its looking like a �50m+ rights issue is up and coming i still think its gonna be closer to �100m but hey ho at least we'll get a chance to double down at whatever price they go at.