Member Info for oogleflugal

new one on me strat. a company that has never made a profit buying back its shares by taking on debt to finance it.. the sp is the least of their problems, compared to incompetent management. the other rather major problem is who would actually finance it after the latest raise of many. they are habitual fund raises. at some stage a halt to this utter nonsense must be called. the recently renamed tig raised a few eyebrows financing buyback from dent because the share price isnt doing what they hoped. their revenue is at least close to a billion but the share price has not responded mainly due to lack of meaningful or possibly sustainable profits. its not so easy to camouflage a ****e balance sheet these days. kmk’s strategy seems to be annual dilution. dont know how they have got away with it for so long

I see buried in the RNS of this cancellation is the resignation of the CFO ‘to persue other business interests.’ Like a company with an actual business? not a very attractive CV. I don’t care what their Middle East backers do . To have a placing on august 14th and suggest delist two weeks later has to be something of a record for Aim. Can’t see this ending well. Pure punt!

The main problem for me has been the incentive plans for staff . Not wholly against it , but some companies tend to be rather more generous than others. It seems noticeable in pegging back this sp . The other problem maybe performance related takeover bonuses. All seems a bit too cloudy for my liking. The shareholder is the last to benefit

Barely completed the placing and then delist. Well done Aim another absolute treasure. And congratulations to Thompson at IC

As often said a company has little control over its share price . It controls the businesses, which are all doing pretty well here as work on progress some of whose products are, or close to coming to market. The nav has dropped maybe 2% and now trades at 37% discount. In 2020 it traded at 600% above nav! If in anything the case is stronger now for these companies than previous when trading at a huge premium. Its just the state the current market, risk off.

I’d definitely wait for interims to see any sign of improvement. Each of the last three years has netted less than 10 million for the first half as they claim most of their revenue comes in the last couple of months which so spectacularly failed to materialise this year. Gl

3 of the 4 million is the cash raised for an acquisition 3 years ago. They dont seem to be in a position to close a deal anytime soon, but at least they did not fritter away that cash and they did pay off a loan note . Still no mention of the Office opened like IGP strangely enough in Amsterdam. Look forward to hearing how many new customers and how many retained. They have a lot to do to convince the market they are going anywhere. I no longer take any notice of Ebitda, too many companies on aim rely on this as a smoke screen for lack of real profits. Looks like there are plenty of sellers still looking for an opportune exit

Fo anyone with a vested interest earnings update to be released September 8th. Perhaps Lse will catch up in due course

Last year a half year update was issued on september 6th. As yet we have had no announcement for this year about trading update. With prices easing and price cap being lowered would hope this helps the business on many counts. Ken Wotton is fund manager of about five funds. Wonder why that is. O yes he has two takeovers this year netting me 50% gains following his opinions. I thought the purpose of theses boards was to comment on our vested interests. Why would you bother if not invested or interested? ‘Ouch it doesnt look good’ is not particularly informative. Most of the market is the ouch it doesnt look good category at the moment for obvious reasons. Sometime it will be ouch I missed the bull market if you dont stay tuned to what is actually going on in a company rather than commenting on the vagaries of of the current impotent market movements.

This is mega after the trade deal with the Faroe Isles for nordic noir jumpers. Think I’ll put my Kaftan on and make a brew.of Ayush Kwath to celebrate. happy Onam!

Quite a few big buys again today notably one for over 100,000. And the share price 66p based on a sale of 1 share? I dont think so LSE

All looks good to me. Miles and team are doing a first class job in turning this company around building it into a strong force. Miles felt the acquisition was under capitalised but with great potential to unlock further growth in the 2 billion US market. Leaves a little over to snap up other opportunities. In other words he already has an eye on something. This guy is a great planner. last top up was at 65p so quite happy to take part in the retail placing at the same price.

And on we go. Must be getting close to some kind of decision. Apparently Pexa are obliged to conduct due diligence on themselves too. Maybe that is taking the time. Smv is not that bigger company!

Ajg announce winding up of trust. At least they have a reasonable nav discount. Not quite the case here. Any special reason for this cretinous performance? Or just naff stock picking

Ajg are not the only Japanese investment trust that needs winding up. Good to be at the head of the queue. Sure to be more like Ballie Gifford, Fidelity and Jupiter. All hopelessly out of depth when the Nikkei is actually performing quite well.

There is usually a reason for share price declines of 60 percent or more and it’s not just the ceo retiring. The whole sector is quite jittery as witnessed by Kws recently not to mention Tinybuild. So revenue surged in March, but profits fell. Cash balance quite respectable but has declined last 2 years from 60 million to 50 million. Net asset value per share down from over 40 p to just 12p. Not quite smashing it in my book. Trading in line for September half year update. Always the possibility of a surprise , but directors usually do some serious purchasing with their own money when they think its a bargain.

Clearly they need to come clean about what is and what isnt happening. EBITA forecasting is catching out a few companies at the moment. £35 million seemed a decent revenue, but now a big drop which may unfortunately be getting bigger as there is no new contract rns for over a year They havnt been able to find that elusive acquisition and what they do have seems to be going backwards. Growth has disappeared ,if it was ever actually there. Delayed accounts are also a poor sign. Is there any value at less than 10 million MC? Its ok for Higgins he had his £30 million pay off for Brookcourt, so although he has bought a lot of shares its still a fraction of his pay out. Until there is some clarification this is now not an investible proposition sad to say.

The market seems to think otherwise for some reason. Maybe the summer is not turning out so good? I’m afraid it’s ebitda targets that are complete nonsense

Excellent news. Record first half forecast and launch of another product. Let’s hope we have seen the last of dopey fund managers exiting. Ridiculous cheap market cap now. Presumably will be upgraded at some stage in the next couple of years!

Now worth a third of what they paid for Brookcourt. Soon be less than the cheapest company they bought. If they still have cash and that looks more and more like a big if, that was nearly half of the current market cap. All they need now to crash the price further is delayed results. Staggeringly incompetent.