The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Hi. I don't post on here often...like the majority of shareholders my investment is at a substantial loss! Just wondering what the Manners family make of all of this?!!
I've worked in Senior Sales roles & to be honest this Management team should be down the road!!! Apart from a couple of (probably paid) supporters on this site, this is unbelievable!!! What salaries are they on???!!!!. Only on AIM! They typify AIM & all it stands for!
As an investor I'm disgusted at this investment! Call these idiots out as individuals - they're milking this for all its worth & this would be a disgrace if posted on a CV!!!
Absolutely!!!! But as Align Research are just a marketing tool taking fees from Ascent they would be promoting this! Funnily enough their target price in region of 18p is not being met in the slightest...
Me...I'm averaging down as soon as possible!!
As I'm starting to learn from this painful AIM experience. Nothing really happens with share price until the company is actually generating income - then it can go a long way. Spikes based on hype will fall as quickly as they rise! Despite the attempts of others on here to speculate on everything.. .Until the day that shovel actually hits the ground - nothing will be sustained until then!!!
I would definitely give great consideration to the timing of this update. Some months ago AST announced they would be delaying issue of accounts. Why??? Then by just a coincidence on the very day they bury the awful accounts, this RNS & video presentation arises....weird timing eh??? I need a share price in mid 20's just to break even. 500M Euro layout would more than take care of that!! However given James Parsons' record at Sound Energy & the fact that nothing materialised there. With Andrew Dennan the jury is still out. But before everyone wades in just take into consideraction the BOD's motives...let's hope for a change the shareholder is given some priority. After all some of us have invested more than them based on what we've been told as well as actually using our own money instead of options!!! Good luck all!
Max19,
I take your point but I have averaged down - still at a huge loss.
Many long term holders may remember, previous regime and Colin Hutchinson stating on an LSE interview that went out on a Tuesday "that AST had sufficient funds." Nevertheless, on the evening of the Friday of the same week an out of hours placing was issued and to date the share price has fallen ever since. In my opinion James Parsons performed an absolute charade at Sound Energy, with false claims which investors took in good faith. Nothing materialised, the share price crashed and dear James is now on the BOD at AST.
Hopefully you can see why I am reluctant to average down even with small amounts of cash!
I'm also still puzzled why there hasn't been a positive update on AST's overseas projects - not exactly amazing news despite the time that has passed!!
Like I've said previously - any fluctuation in the share price will result in traders coming out of the woodwork. Although I welcome some news, I can't help thinking that once again the BOD are just reacting (like the gas price increase) to a development, instead of actively driving forward some positive action. Long term shareholders have only stayed because they were listening to false promises. I would gladly average down but I wouldn't trust this Board at all and feel I would be even further under water!!
Though I respect discussing other shares...the situation at AST Ascent Resources has long term been similar to here. Align Research are heavily invested at AST also & have not intervened at all. So not sure who's motives to question?? Shady AIM all round including those that regulate it!!
Just something else that has occurred to me regarding AST's overpaid & inept BOD. I wonder if the timing of the General Meeting for Monday in the middle of the school holidays is done in the hope that attendance will be minimal with people either being away or just returning to work & being too busy?? I am thinking the same accounts delay has been carried out in another company represented by members of AST'S BOD also?
Me of little faith I hear you say! James Parsons & Andrew Dennan would surely never set out to try & stay under the radar!!
The share price continues to reflect their lack of progress anywhere!!
For anyone who cares to do so...go on YouTube & watch any interview with James Parsons when he was involved at Sound Energy - another project built on hype & shares now worth nothing! Lots of hand.movement & long winded answers full of jargon but without actually saying anything. As others have suggested, the wording of the latest RNS follows the same patter. The BOD merely hoping for something to happen instead of actually driving the business foward. Of course, so.much better if this takes an eternity while being handsomely paid!!
Expect a number of newbies coming out of woodwork posting positive stuff in the hope of driving up share price a few per cent. For long term holders the.price needs to exceed 30p or more just to recoup losses.
I maintain no faith in this BOD & the RNS has been worded just to string things out. The share price remains on the floor which is a direct consequence of their lack of activity!
Steigers,
While not wanting to sound like a wise old uncle....congratulations on your endeavours to secure your future.
I have invested in AIM for about 7 years including Alien. All I would say is be very careful with your decisions. There are many influential posters on these boards & I have read the comments with interest. The share price here is what it is although some were suggesting it would be much higher even more than 12 months ago. I've heard the theory about world metal prices, permits, results, the US election,inflation & the invasion in Ukraine- yet the share price remains low.
I am now very wary indeed of Directors talking a great game & great potential. The vast majority of my AIM investments have performed abysmally & some that were doing well were diluted without warning.
Ask yourself - if the company's Directors are not investing themselves then why should I?? I wish you all the best but need the warning.
All the indications at Ironveld are that Align Research will be successful in ousting 2 long term Directors & taking control themselves. Mainly linked to lack of progress & ripping off shareholders & Align have pulled no punches in publicising this.
I wonder how long it will be before similar happens with Align regarding AST or if not - why??
I am a long term holders here & also at Ascent Resources in which Align Research also have a significant interest. Without making a complete generalisation I feel the vast majority of AIM operates in a similar fashion. AST has a notorious figure James Parsons who.in my opinion has a questionable track record to say the least & the performance of the business has been atrocious.
At Ironveld it seems that also the main form of activity has been PR & spin without progress & while being handsomely rewarded. I welcome Align's stance at putting Ironveld in the spotlight but I am perplexed as to how they get involved with these businesses to begin with??
All I expect to hear from this disgraceful BOD is a possible announcement of some other pipe dream which will never bear any fruit. I'm still perplexed as to what role Malcolm Graham Wood carries out?
The share price is a true reflection of the Board's activity and no tangible, measurable news is ever forthcoming.
One common factor among these businesses promising a lot but never actually delivering...James Parsons.
For any doubters look at what he is being paid & what he has personally invested.
Makes perfect sense to keep spinning things out for as long as one can!!
I see Mr Parsons has struck again at Corcel Plc!! Massive placing & cost cutting & the share price has reacted by falling 20%!! Perhaps if these companies got rid of overpaid Accountants they could actually concentrate on running a business!