Member Info for MrMagorium

If it can sort the debt out it's a cash generation machine for someone. Problem it has now, is that the cash it is generating is going on servicing the debt and that's of no benefit to the shareholders.

I said this was a risky trade at 22p with limited upside. If there's an offer in the wings, then that could blow my prediction out the park. We will have to wait and see, but it's still a casino bet IMO.

I personally think a bigger drink company could come in to take this over at this level.

Drinks businesses are suffering, no question about it, but people are not going to magically stop drinking alcohol overnight.

This has strong cider presence, which is a category showing double digit growth in the UK, Tennant's (Scotland's largest lager brand) and some decent premium beers like Heverlee and Mennabrea, which could do better if they had more marketing behind them...

Many of the bigger players struggle in Scotland from a Brand and Logistics perspective, which this has strength in both.

I'll continue to monitor for further opportunities if it falls further, but I like this at current levels and hopefully some bigger suitors do also...

I too expected a drop after the October update... my concerns are around their internal controls, largely due to the forecasting inaccuracies and what that could say for other areas of the business... truth is this company does appear to report strong cash generation and could be seen as cheap by some... if another profit warning manifests from now, then that's on the new CEO... the kitchen sink opportunity was October.

Expecting £1.50 - £1.60 today... lets see

Another profit warning isn't a good sign so soon, and they would have been better announcing a more conservative range at the time they announced the 'freight cost error' a couple of months back.

Another circa £30mil off their profit forecast... that's not giving me confidence.

When's the next placing due and at what price will it be. Those are the biggest questions here now IMO... GLA, DYOY, AIMHO

The only way you will find out the answer to that question is directly asking hin. He owned roughly 0.16% of shares in issue, so there would be no requirement to disclose a TR-1.

Someone has taken an absolute bath on the latest sell... it's a shame the Ask isn't offering around a similar level, otherwise I would probably have a punt here now.

I think there's too much debt here... for shareholders to squeeze any substantial gains from this level.

There could be a trade for a small limited upside IMO, but I think it's a casino bet (no pun intended) and a permanent loss of capital shouldn't be ruled out...

Some valuations on here seem to exclude the fact this company looks to be entering a distressed situation and when a company falls into that position, the valuations of it's assets to potential suitors also can be depressed . GLA, DYOR, AIMHO.

Hoping this is more than a P&D attempt... so that the next placing can be executed at a higher price than previous ATL... once a higher SP base is secured , then it would be brilliant to get some exciting news on Lahotjki and see this trade at multiples of existing SP.

We live in hope!

HNY, GLA, DYOR

Legally, i'm not sure what protection was in place, best let the BOD clarify on that front.

I'm not invested here to fund a long-term court case, i'm here to invest in a high yielding property portfolio, with potential for significant capital uplifts. I would like to think i'm not the only one...

Hoping the BOD can prove your statement wrong Sagetrade by upholding their FD to shareholders.

A transparent update on the companies current financial position and result of the latest transaction would be nice, however from what I've seen on the latest proposed acquisition, it looks like another dud.

When can we expected to receive an update on the latests proposed acquisition? One can only keep assuming the worst with the lack of newsflow.

Someone appears to be offloading by the looks of it. The current BTC reserves should cover the existing SP, however if investors are calling further BTC drops, then that will explain why people are calling 1p on this.

Looks like a placing could be on the cards, if the RNS dates are anything to go by. They can still issue at a discount to current SP, which may be the reason for the sales down at this level.

The level of Debt here means the Assets no longer belong to the Shareholders, unless i'm missing a massive part of the Jigsaw?

I'm suprised there was nothing signed sooner, given how the vendor could just decide to sell for a higher value once the funding was secured, at the last minute (and to sell to someone who may not have been privy to the deal before consulting Pristine...)

Lots of questions...

It appears to be a negative Book Value business and with interest coverage looking likely to dwindle down to unsustainable levels, maybe they need to focus on how to appease the senior note holders before they call their loans in.

I just can't see a return for shareholders...AIMHO, DYOR.

On paper, this is technically a negative share price (Negative Equity). Yes it generates strong revenue and Free Cash, but it appears to not be able to cover the interest on it's debt. That's a big problem for any company and signals to me a fire sale of assets could be on the cards.

Bordersofthemoon, clearly has an agenda! Wait for the £1 they are predicting, apparently due to a government budget, which is already being widely speculated 😄 If that's how markets worked, we would all be millionaires!!