Member Info for NickRubens

Been looking at this for a while and it keeps going down in price, so been lucky not to purchase any yet.

Does anyone follow the accounts and can describe the problems this company is facing. Is the dividend safe? cheers NR

Very disappointing, but company confirms prior stance and expectations. I'm believing what I'm hearing, but who knows for sure?

Levantic They put themselves up for sale but no one was seemingly interested. I just presumed the price was a bit high at the time. It is all a bit weird but does sound to be just a straightforward slightly incompetent auditor needing more time as stated. As one poster stated they have caused other temporary suspensions, but from what I can understand, with no financial issues for the company's involved, but just delayed the publication of accounts.

Not long to find out.

Tuesday 3rd March, Results will be fine as forecast/expectations will be met and even towards the top end, just perhaps what they say looking forward which seems to concern the market and has done for the last several years. Seems like it's always a cheap share , with the market expecting it to melt away, and yet year after year brings in some great earnings, albeit with the assistance of some cost cutting measures.

Notsofastyou expecting suspension to be lifted no later than March 13th. Sounds like they just need a bit more time for the audit to complete. I have seen this before with a listed car dealer some years ago and shares soared back after accounts were published and all was well. Just can't remember the name of the company. I did sell ahead of suspension and regretted it afterwards so staying put this time. I can understand the market jitters though as not everyone really trusts what directors say. The statement is very confident this morning despite the looming 'temporary' suspension.

The company certainly seems to indicate all is well, so either the market is over reacting or perhaps I am a bit naive presuming the auditor just needs a bit more time as stated and that nothing untoward is being checked over meanwhile?

If all is well then the shares will bounce back strongly after trading is readmitted, though no one likes the uncertainty this has created.

Forecast to meet expectations for another good year though. Hopefully this AI scare stuff will recede. I read some AI stuff on google but I can't trust it for detail or full accuracy. It's ok for a brief overview if one is in a big rush. I prefer filtering through various articles/views that are human responses.

I think they have just done a bit of a profits warning? Hence the fall. To me it, sounds like they won't achieve expectations for the second half?

"full-year expectations as "achievable", provided a strong spring selling season."

R G increases stake.

Yes, the photo booths business had been slowing prior to that. I think over half of earnings are now coming from the washing machine business and is growing according to the updates. Just need to keep rolling them out. But yes caution is good, there is always doubt surfacing when a SP looks cheap.

Not betting everything on it, but had good dividends for the last few years. Just have to see what is said in the upcoming Finals.

Trading on AIM today, but still showing stamp duty costs in my ii account?

Anyway, Interims early March will give us an insight in to what's happening.

From the last trading update, Total revenue for the full year is expected to be between £311 million and £318 million.

Expects to report another year of record profitability with profit before tax of between £76 million and £79 million.

Not sure why the sudden negativity by the market, just because there wasn't a knockout takeover at 230p plus area, but the group is getting on with business. Maybe the recent 3% offloading type of placing spooked the market but someone has picked up cheap stock as a result.

Feels like great value to me now, a stock with a great track record of earnings growth and adapting to market changes. Just wish I'd sold at 230p rather than now simply add to an existing holding. Missed a sell opportunity, but this feels a buy opportunity now.

DYOR though as I've ended up with some serious long term losers, I thought were bargains. Markets can be so difficult to predict.

Whatever happens, this is basically just a private bet on the SP moving up. He's certainly put Grainger on the radar as the cheap share price and value proposition didn't seem to be taken up by the wider market for the ordinary shares.

IParsnip Yes, It applies to most listed companies from my experience.

I own the sister company PET stock and I can't even remember the name of the Ghanaian oil field I used to think was going to be ratified many years ago before I became an old man.

Though I am aware that the recent talk point or hope here (not relevant to PET) is Bolivian Lithium, but what is actually happening?

Will this cause any reason to sell ahead? Certain type of institutional Funds?

Basically, Softer markets and with net debt of £0.4m is closely monitoring it's working capital position.

Not surprised by todays SP fall. Some kind of fund raise is likely IMO.

The company seems to be winning some good orders but the shares just seem to pass between a few skint Private investors. No sign of some wealthier big hitters getting involved on the market. Needs profits and money to be paid to the owners as the market isn't doing it.

60601971 "It's never been on aim only aquis and otc"

I think I purchased a company called Ura Resources on AIM many years ago, and ended up losing around 95-97% of my money, with this stock all that was left to show for it. This company must have evolved from a prior AIM listed one as it's not one I bought but inherited.

I've just sold my shares at a huge loss ahead of delisting and going private. Can anyone remember what this company used to be called several years ago when it was listed on AIM? Cheers NR.

This was yet another terrible AIM dog in my bottom drawer of zeros and 99% losers.

Cheers LD1973 Just found this online:

"Qatar Investment Authority plans to offer shares at 317.6p per share in a secondary offering with JPMorgan as the sole bookrunner, according to the term sheet published this week. "