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Each to their own 1sttime. Always hard to pick the bottom. My view was sub 20p to me represents a proper discount given the position of the business and to get nearly 5% under that for me felt like a good deal. That is, if you believe in the fundamentals of the business.
For what it is worth, I have done exactly what was recommended and re-read all the important RNS's since I invested (Oct 2019), read the threads on here, and the thoughts both positive and negative towards voting at the AGM. IMHO I have concluded that the potential for this business is still very much there and as has been said, if you trust the BOD, you have to back the board. Hence I have just voted for all of the resolutions.
Hi Lossie et al,
I read your post and have empathy as I am also in GGP. Both EUA and GGP are an exercise in tantric patience! Shame Sting isn't invested in this...
Please may I ask for my moniker to be dropped as a thread title though, as I have seen monikers thrown under the bus (matt007 being one that springs to mind). For reference Ray, I am not one of Mac's avatars.
Ian, would you be so kind as to add me for the RNS for tomorrow evening (Friday after hours). I do think some more clarity will be made available before the AGM.
Have a great day, I'm off to tromp the south west coast path.
Mincho
All conjecture Bumble and hence rather backs up the arguments from shareholders wanting answers at some point!
Anyway, don't want to get into an argument. Let's just all hope for full clarity soon. I think everyone can agree that this would be in everyone's benefit (maybe other than the shorter mob).
Good Flying Duck,
There is so many holes in your thinking too. It really boils my p1ss when the pious few crack on about "sell up and put it in a cash ISA" as soon as anyone questions anything, or brings up any concerns as a genuine long term shareholder in EUA. I have been in EUA for 2 years nearly. Why would I want to sell out? Don't tell me that you were expecting it to get to this point (10 months of FSP, leaving it and still no clarity along with a mystery raise). IMO (which is as valid as yours and not "confused" or "irrational") I think the BOD have a responsibility to their shareholders to update them.
Bumble - what is going on behind the scenes? I'm all ears if you know that there is so much going on.
Well said Pompal. I don't even mind the time spans actually (although there is an ever increasing cost of the wait in terms of opportunity cost), but I am starting to get a little bit exasperated with the continuously opaque communications or total lack of comms, coupled with requests for more of our input.
Hi Nitrokev,
I am afraid I just don't agree with that. It's not about knowing the minutae of the product road map. It's about them allowing us a basic understanding of the current position and why they needed to dilute us in a hurry and then request the ability to do it again. It needs some context, or IMO, I wouldn't be able to support it.
As much as I am a staunch believer in the EUA adventure, I do have some similar feelings about this to Roger. They called an EGM, they asked us to back them blindly to improve the negotiating position and we, as shareholders, did. Now it is time for them to repay a little of that faith and let us know what the money is for and who the investor is. They can't keep us in the total dark about the company that we have invested into and expect us to simply tow the line without question. I am reasonably sure that we will hear what the money was for and ideally the strategy for moving forwards before the AGM, or my powder for the vote might also stay dry. Not being negative, but in my opinion, to just keep getting diluted and sit their waiting is also just not acceptable. Come on BOD, it is time you stepped up.
If the proposal (in writing) was received in May, and the company announced the end of the FSP on the 12th May, that would suggest that they only had days to make a decision on leaving a formal process that the company had been in for over 10 months. Pretty sure UBS and DLA would have had a say in this... You can say what you like, but it could hardly be a fag packet proposal for them to make this decision. IMO it was a binding proposal that blew everyone else away and we should hear shortly.
Been here since 2019 and have held through suspension, NOMAD-gate and through all of the FSP. We've always had a motley crew of derampers, who to date have been consistently proved WRONG.
These derampers have cranked up a gear in the last few days, either through sniffing blood with the share price falling or pushing for their pay masters. Please do all let it flow over you and I shall explain why.
Nothing.
Nothing has changed since the last RNS, no deadline has been missed, nothing promised has been reneged. The only thing that has changed has been the SP, which has been down here before and then risen back up to the top of the channel quickly and with no reasoning. In addition, as many have explained (wiser more experienced investors than me for sure) the SP does not indicate the potential value of the deal/divi/sale price. Therefore just relax and wait for a conclusion. Green box if necessary. Who knows what it will be and the value, but one thing for sure, it will be the same conclusion as when the SP was at 28p or 30p or 42p in December. Don't let these jokers persuade you otherwise. The BOD have always been last minute.com on their comms and never say more than is necessary. Read the old RNS's if you want any reassurance.
As Tilly would say, Rums all round.
Hi Ian,
I haven't had a guess at the RNS date for many a month now (miles away with the first guess, as were a lot of us!).
It's my birthday on Saturday (8th) and given we are over a week past the EGM and our board do like a Friday after hours RNS, please may I have a stab at tomorrow (7th) after hours. Although I would be delighted with this news, it also fills me with a little jitter, as I would spend my birthday in a run fuelled haze.
Thanks
Mincho.