Member Info for Reddukeclothing

Ahh it was a 2m dump, not 1m like every day before .

Makes more sense, some institution leaving the ship asap

425?? Off no new news and in to a weekend ? you’d think the auditors are about to roll back their going concern or something , but I checked and accountants aren’t due for months.

This is very unusal, and very suspect if news does leak over the weekend

This closed wherever that 1m trade settles at 16:35.. been there every day bar 1 since £5.6.

My guess , 4.48

The silly thing now is, if they did a rights issue for £200m at the start of all of this , the issue would be covered and the market cap higher than currently.

But the allowing to let this drag down is turning catastrophic.

If I had to guess, they are reactive to the potential exposure , they have issues with impairment, they’ve bought a business (again) at the worst possible time and excluding all of that “normal profits” now they can’t charge extra commissions and have a lowe demand environment, pbt is £60m going forward.

Couple this all together , the dividend is going to be held up for a while and after that, the level of it , it’s cover and the company’s growth rate are in question.

All IMO, but someone in the market agrees

Thank you for sharing that response.

I break it into 3 parts:

1) take a view in general trading, with that in mind, I expect its not going to be great given the wider updates from the motor and finance world. It’s good all of the impairment should be done at least. But this even would be share price negative on results day I guess

2) take a view on the fca outcome. The DIC model was unfair, no doubt about it. The fca could apply fines at the top range or bottom. The fines have to correct from 2014 to 2019, plus interest. The value could be significant. You’ll have to take a view . I would say the company would likely have to hold some cash for any provisions.

3) take a view on what the market is saying.

I think the above shine on why people don’t want to hold right now, the upside to the share (given likely trading) isn’t that big but the downside is potentially larger . Seems to make sense to just wait the results from the sidelines to me.

13% dividend yield. Says something

So the analysts now say between £150 and £300m for cbg…

Annual profits now Novaris is fully provided should be back to c200m IF trsding is ok and impairment ok. That’s probably a big ask.

So if they are losing 1 years of profit to this risk, what’s a fair value, do they have to cut the dividend ?

I have also now reported this. Given the volume and timing , it needs to be reviewed , for the integrity of the market place

These are good results…. Opex includes the revenue share pay off.

It’s just underhand. Imagine if they issued this growth and the in a month did the equity raise ? It would be at 15p plus. Also stock was so short , there was no way for institutions to get 20% of tthe float at a decent price.

The 8p is clearly to help out insiders and institutions, as was the 6p - albeit we let that go as AOP had been so supportive.

Even a winner on aim can and has been stolen.

Raising equity whilst getting £20m of debt … beggars belief.

Well if I got shares at 8p coming in the placement I could short sell everything above 8p and make a profit. Even 9.6p is a 20% return. This is why this relatively small placement creates downside pressure for a good while . Just like the 6p did

Dark - change the x’s - otherwise you can’t post links

Otherwise Google fca insider trading complaint, and the link comes up to the web form

These results are good / great . BUT 49% of the company was given away at 6p and now 30% more at 8p… when we were at 13p? We even raised debt. Why the hell are we raising at 8p??? If we waited for these results and then raised it could be at 20p…

Corrupt .

Fca link to report the suspicions is below.

hxxps://www.fca.org.uk/market-abuse-reporting-form

I think they can reiterate guidance or not. Which will be huge

Bigbite. This is useful insight. Thanks

No he’s not factored that in: further , raising cash will be easy in 2024 if this is anywhere near the current trajectory … it’s not like raising cash pre sales last year for really obvious reasons.

If they complete fail to grow and stay at current Levels then yes , cash won’t be their only issue …

However, there is a risk that up to £13.6 million cumulative revenue recognised in respect of certain products in periods up to and including 31 December 2022 may be reversed due to the level of rebate being applied.

… some people need to be in jail … unbelievable

I don’t think it’s right to say “ all we have is the cfo”. We have 2 quarters of sales values and 100 staff.

If and when we have four quarters this won’t be anywhere near 12p a share.

Hi biotech, correct but application may be off.

Example:

Pre sales ramp : risk free rate 1%, risk of delivery 10%, country, political , medical risk etc 4%

Post 2 quarters of sales proof: rr rate 5%, risk of delivery 4%, country, political , medical etc 3%

Thus as risk of delivery has massively reduced the discount rate can fall.

CFA

What sort of pump and dump happens at this volume ? They’ll hold their own baby