Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Hosai I wouldn’t disagree however context of who is saying it is needed I.e. it’s coming from a man that has consistently over egged targets & has lied, therefore he’s not trusted thus we need someone else at the helm to move us forward.
They just don’t care for us small PI’s..I hope everyone is bombarding investor relations. They city has no confidence in Matty the liar..he’s clearly a liar. The only thing that is keeping me sane is knowing that the QIA bought at 39p so they won’t be happy with what’s gone on here since they bought in.
Slightly calmed down today. However the curry’s update just shows how much Matty and team have failed us this time. Maintained guidance, sales dropped but profit maintained, Shares up 10%+.
Circa 1% drop for us, I take as a positive..if boohoo post bad results tomorrow we could be smashed. Shorts increase, that was the auction yesterday morning, playing it like a flute..the flute sounds like this…Matty you Twit, Matty you Twit, Matty you Twit keep making us money with your over egged forecasts
Yes Rodney would agree. However I’ve not been a fan of Matty for a while, he’s just fundamentally not delivered as a CEO of a listed company FACT. I’ve emailed investor relations noting my complete disappointment - I’m not expecting a response but it made me feel slightly better. I’ve also asked about Charlie boy and the fact that I’m worried about his whereabouts. The other depressing thing here is that the SP has further to go again, shorters (I suspect) added this morning when the SP went into auction knowing it would tank. Sub 50 again is nailed on.
I’m in overdrive peeved off mood..I really can’t believe that a bunch of accountants (Matt and the other board members) can be over 30%+ out less than 3 months ago..I really want to know what has caused this as a shareholder and who is going to get sacked being so far out less than 3 months ago..
Another thing people on this board that keep repeating the same rubbish about shortens going to burn, squeeze, it’s going to be up 10% today etc ..just F off. You don’t have a clue how to read a trading update and are blinded by a headline and can’t see a profit warning when it’s smashing you in the face.
Everyone on this board should be emails investor relations and asking for clarity on the following:-
1) where is Charles A our chairman? We are seriously concerned for his whereabouts. Can we have our £400k back
2) when is investor presentation and Q&A..it’s been 6 months. Disgraceful.
3) why does Matty treat PI’s like poo?
4) can you please confirm that the board are aware of the term prudence
5) can you please confirm that the updates are proof read and the numbers have been checked..all previous updates have been missed
6) can you confirm that Matt is a liar
KR
A very ****ed off LTH
Let’s talk facts:-
1) guidance delivered less than 3 months ago they have underdelivered by 30%+
2) our chairman is nowhere to be seen and was brought in specifically to help with city relationship and governance - failed
3) price freeze was a big fail
4) Matt has too much power
5) the city hates this share and will continue to do so until Matt leaves/takes private
6) Matt has no respect for PI’s
7) he has failed in running a listed company
Take private for 1.70 please
Shocker I genuinely can’t believe the contempt he’s treats us with..crap update missing targets AGAIN and he leaves a little in the RNS that things are going to turn I.e. ingenuity and the 1bn Gmv..odds are this isn’t delivered on. We will be sub 48 by Friday I will bet my house on it. Where’s the investor call details? JOKE
So close to breaking even and then another miss by Matty…30%+ drop in EBITA in less than 3 months..shambolic..the board is full of accounts yet they appear to not understand the basic accounting principle of PRUDENCE! The price freeze was a disaster by the look of things, we basically gave money away. Where is the chairman FFS! I won’t be surprised if we get an RNS to say he’s gone..I’m going to lick my wounds absolute shambles to drop by £30mill in less than 3 months.
Ok so nearly broke even again..been horrific to get to this point tbh. Hopefully nothing silly tomorrow and we start a proper re-rate. No one really knows what tomorrow brings but we need a clear statement on/nothing will re: the following -
1) how the price freeze has performed in nutrition and whether we got a larger market share as a result, if not and revenue decreases and unit sold decreased - it was a bad decision and someone needs to be held accountable
2) how the focus in ingenuity to get larger clients is going..any success?
3) Charlie A missing plan..where is it, What are we getting for £400k. We need the plan
4) no more diluting our F’ing shares..50k here, 50k there..he better not announce another share giveaway unless someone has bagged £500mil client ( I’m exaggerating!)
5) confirm GS is being given up in sept (ideally earlier)
As a shareholder here for a while now, I feel like a piece of poo on Mattys expensive shoes . He needs to throw us a carrot..bit more respect please Matty.
Bring on tomorrow I will be waiting for the 7am RNS like a little boy at Christmas..hopefully I get the remote control car and not some rubbish gender neutral toy.
Haha apologies Matty boy..was directed at the chap who gives interviews to magazines and investor days and on the back of it the SP tanks 30%..whale landed for ingenuity, confirm golden share is going, reduce capex spend, revenue growth (justify his price freeze) to get larger market share, early indication Iceland licence is going well and plan to do more, cash in hand forecast is as expected..these are the things I want to hear on Tuesday
Been a great week..only thing that is nagging me is that the shorts have increased again yesterday ..we’ve only had shorts increasing since the turn of the year and more increased yesterday..boohoo and ASOS have had the opposite with shorts reducing..man don’t F this up again Matty Boy….are they building up knowing that are going to be able to pull the strings on Tuesday if there is a curve ball in the update..
Getting close again to my average so I can almost smile again..man this is some ride. We needed that 30% pop in the last 5 days..hopefully nothing silly in update and by that time I should hopefully have a modest profit..slight concern is that the good revenue retail numbers recently published are up based on price increases and are actually down on numbers (quantity sold), Matty boy took the view to hold prices and get a better market share..judgement day in 2 trading days! If revenues have dropped (because Matty decided to hold price and absorb I.e. spend our cash reserves) and quantity has dropped it’s a double whammy and the press will have a field day. Man I’m looking forward to Tuesday..
Just checked in on SP, great day..man we needed a day like today. If we follow the same trajectory as we did before last update, but upwards!, I’ll be happy. This share and SAGA have been causing me sleepless nights but appear to have turned a corner in recent weeks..still underwater but I’m beginning to see the light!! Don’t get me wrong Matty could say something silly like he likes prince Harry in the update and we could lose 50%! but we heading in right direction..
Look the waiting is nearly over…no more hiding from the chairman and Matty boy, we find out in 6 trading days time if they have delivered. If they haven't and they have not provided any warning before hand, we will tank again.. the run up to the last update was horrific and we plummeted so the next few days are going to be interesting. Good luck all, I really hope we get a solid update and we move up closer to £1 as a starter for 10 (£!)