Member Info for papucel

Bananaman2 I saw this situation twice once on Phoenix Group another on GBG. It seems to be a cash flow issue not an overreaction, someone with a large holding is desperate for cash and start to dispose them slowly to keep the price up then dump them in large amounts. The Large VC's with cash are aware and not but until it is mentally down

I saw 2 1mil transactions in one go which indicate the above. After this brutal transfer of cash in about 3 weeks the price stabilised back to normal on both Phoenix and GBG, I have to admit that when I saw it first I panicked

A large VC has lost a lot of money because it needed cash, so stay put and unless you buy, do noting

robleo I did both strategies to check if there is a better methodology. Technically they should be equal if no other factors, BUT if there is a macro economic interference it will significantly go lower as I managed to pick up some at 5.80.

Rather than asking yourself should you sell or not before ex div you should rather give it a thought if in 1.5 months recovery some crisis would pop up or not.

The target is 7 you are on 6.1 (I am on 6.2) both below the target. I don't want to be completely out as I hope for a take over offer or a split so my advice to you would be to sell half do you could cover both sides.

GLA

Bananaman2 So how is 1.97?

https://uk.investing.com/pro/offers/breaking-news-offer?referral=2707293_news

This means that will be dead money for some time and potentially for technicality reason may drop significantly unless a VC will take a position

I would encourage all of you to write to Helen as unless DN doe not leave for "personal reasons" this won't recover any time soon

CLA

Icarus42 I agree with you, now it is in Shorters and in market's mischievous hands. It may not be big volumes but the markets may want to make an example of DN's catastrophic presentation. I am watching closely to see if it goes below 10 which it may for technicality reasons

More of you writing t Helen better understanding would have the BoD to remove DN as he may be on 6m nottice
GLA

removalman yes it is normal it is not only on MTRO but on all law liquidity stocks, my assumption is that the market maker acts as middleman holding stock itself rather than only facilitating the trade

Maybe others have other explanations why

I was a bit in panic with this sharp fall so I made more research to see the level of risk and the likelihood of an exit. Some of you may be for longer on this board but for me it was a surprise. Alex Cato the Non exec has been on the board for 41 years and holds a huge chunk 20mill of worth shares 1.48%. The biggest surprise was the 2nd NED Lee Hau Hian who has 800K of share value and 19 years on the board on both Synthome and MD of Kuala Lumpur Kepong Bhd.

This means that the 22% placement is part of a larger strategy and not just a "lets try this maybe it works"

This gives me some sort of comfort that the CEO will be under constant pressure and they may look for an exit as in the past year they bought about £1mill of shares

ROCKETVI , thanks for the reassuring that at one point it may stabilise. In my portfolio I had 2 take over targets rejected, t is still god as it is an opportunity to get out at the jump and back on on the fall.

I hope more for an activist investor to get in as if it does as per GSK and BT it would maximise the value.

It would be better not to log on for few months as I get too annoyed with DN who's first priority was to cash in ALL his shares before he proved himself... no wander markets got mental

ROCKETVI this is what I believed when it was 10.88 and dropped further.

The issue is that SP is not only what it would be reasonable but some shorters would play it to create even more panic. So God help us that no one would sell more at this level

GLA

I se that many of you tried to contact S&N, However writing to the investor relations won't help a lot

It is better to write to the company secretary Helen Barraclough (dot between names) and put a formal request that your message should se sent to the Non-Exec BOD. If you formally request your message to be addressed to the Non-Exec then they have to discuss your messages; investor relations don't.

I am heavily invested as well as many of you and you may find it hocking that some of the Non-execs are less invested than you. I pray to God that ne of the 7 VC's I wrote to will take a position as DN is a disaster for S&N and NILL invested it which you may want to make the point as well. the SP is at the level of 2013 since DN drag it down from 14

I would encourage all of you to write to the company secretary with a formal request t address the Non Exec BoD as it is their job to protect shareholders value

GLA

Grezzz I am mortified that it will go lower not from significant volume basis but just through small volume sales for the investors to make a point I topped at 10.88 hoping that it won't go lower and it did. Given that there is no crystalliser for the next 3 months I am afraid that the market would try to make a harder statement so I wait for a snap below 10

Adastra this is why I wrote to 7 US activist investors hoping for a bidding war. It is outrageous that DN before he proved himself cashed ALL his shares 300K money he didn't produce on top of his salary and now he is NILL invested. Other CEO's to show their commitment buy +1mill from their own money like Dan F on Metro and many others.

I was so furious with DN's presentation reading from a slide, lack of enthusiasm and the typical trademark of incompetence: trash the previous management and your own people to promote oneself that I wrote to the Non-Exec board who approved his sell of all his shares.

How a CEO would establish trust with the investors if on a package of 1.4 mill he doesn't have money to pay his taxes and sells ALL his shares. The Non-Exec confirmed that DN made a formal request to satisfy his personal liability.

Well so we have now a new CEO who managed to fricking the market from 14 to 10, and NILL invested in the company. So I contacted few US activist investors tipping them on SN. & DN's actions, lack of drive, interest and enthusiasm.

Lets see if any of them will take an interest as as it stands DN is obviously not the man to take SN. back to what it was.

Jimmybob I worked in companied which awarded shares but I didn't have to sell ALL and remain with 0 balance to pay all the full sale value on tax. If this would be true than Musk would have 0 shares in Tesla. He sold ALL his shares; he is the only CEO witch has no vested interest at all in the company.

Jimmybob please explain, I do understand that he may have lost the options in the other company but this does not mean that he had to sell SN. He could have kept them isn't it?

GLA

Do any of you remember last year pretty much same time it was the same "news" and BT tanked down from 178 to 162? .... How could the same story pop up again knowing that it didn't materialise then and it won't now either?

This new CEO sold all his allocated shares on 23 May the SP tanked on the 3oth from 13 to 11 . How is it possible that a CEO don't have the skin in the game and behaves as a rat running from the sinking boat rather than a Capitan living the last.

This guy is incapable to articulate a vision and depresses the market with its own presence, he didn't manage to hold on jobs for longer than 2-3 years and was more of a manager rather than a CEO.

I hope he is on notice

What a poor trading update ..... another 5 months of misery until the final results....

I can't imagine this going even lower

GLA

Strike123 If ITV acquires Channel 4 then ITV will dominate the TV advertising market by 70%!

This will not be allowed by the Anti trust Regulator

belar so you have decided to get out at the lowest..... right - GL to you as well . If you don't mind what % have you lost just to understand your business logic?

@MarquessR 14.30-14.50 is always an inflection point as the US market opens and if it positive it will continue to go up otherwise it will drop. There are very often such spikes when the US opens up, but they don't decide to put money in UK stocks

DYR