The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I'm not sure what's going on either but I feel this is a bluff by the Co to flush out a strategic investor or perhaps a suitor to take over the whole co. The sums involved are peanuts to a major or even mid player. Time will tell but I'm not selling that's for sure.
GLA
It's not difficult at all to understand if you DYOR. The fact that c.70% of shares are in PDMR hands and debt is held by a co run by PDMR's means the BoD have skin in the game (understatement). If we lose, they lose. The only caveat is the level of control here. This is de facto a family run business. They can basically do what they want as they have the votes. My biggest fear is a delisting but I don't see that happening at least for some time as the co has changed the name etc and a delisting is the sort of thing you would do now and get out of the way. Exciting times with sale of CSS, JV etc
Good luck to all!
@getafrip - well said. Ithaca or Harbour seems likely predators. ORCA recently tied up with Ping, LBE with the Japanese. We are now a sitting duck. The board is begging for a white Knight without actually saying it outright!!
All's forgiven folks. Great update re CSS and progress on the £100m RRE portfolio. Company working very hard to increase s/holder value AND no nasty surprises to boot.
GLA
ps tnx for putting up with my incessant whinging!!! lol
Keee - you know full well that the suspension was due to inability to file annual report in time. Many companies are doing that day and daily. Your post is deliberately provocative and you're not welcome here if you're going to wind genuine holders up like a bell end. As you don't hold any shares, with respect, you should f**k away off!!!!!
Trek you sound like a real character. I just emailed Montfort to see if they'll give me some info as I sent a msg through Roadsides's investor portal and got no reply (surprise surprise).
Will post here if/when I hear anything.
NG
Thanks for that Cawdor. It really isn't such a chore to keep investors updated either way, especially when the co indicated 30 April for publication of AR. Yes slippage does occur but a simple RNS by way of update is not much to ask. In fact it is what one would expect and is simply good corporate practice. If they don't say something this side of the B/H weekend then that's just not acceptable, unless of course they have big news coming which will send the sp soaring. I can only but dream! lol.
The capital markets are dire and companies are having to raise at ridiculously discounted levels leaving shareholders massively diluted. Is it any wonder that many cos are delisting as being a listed entity is primarily to be able to raise capital more efficiently and cheaply. Any company with a whiff of capital constraints should be avoided like the plague although, as they say, hindsight is a wonderful thing!!
Descartes once wrote "Whilst I may not agree with what you have to say I shall defend your right to say it". No-one makes anyone buy or sell shares. Everyone is entitled to say or post what they like within reason. That's the essence of capitalism and a democratic society. If anyone can't accept that then they shouldn't be here.
NG