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Frankie
Share count has gone up sine then and if they took up their rights it could be still as high as 32m. You're right under 5% there is no TR1 required.
Anyway it certainly looks like them and whatever level they are currently at there is still away to go if they are out.
Not sure how often STX update their shareholder page but we should be able to tell from that over the next few weeks.
I think you're right Spindok
On the STX website Jupiter are shown holding 3. 9%. In May they owned 6.3%. The dilution the suffered between the 2 points in time by my calc is 25% so if I'm right, they have offloaded around 8m shares.
Question is, if it is them there could be another 32m to come
Brutal commentary this morning on SMS. Writer must be a holder here as sentiment chimes.
Give us a clue then!
Just in your Hardman point I seem to remember them pumping this at 50p with a valuation at close to £2 so their "analysis" is about as useful and accurate as mine.
% proportion is still small so it takes a lot of sells to trigger a notice.
Could be an inst who took up the last offer and then wants to manage back down to the original exposure? Who knows!
Thanks Frankie, very interesting.
What they earn and what they spend are 2 different things They have improved earnings by cutting costs.
Probably rose tinted specs (maybe thats blood tinted) but I thought he answered the questions well.
At least they acknowledged the forecasting issue.
Problem is whack a mole. They fix one thing and another problem appears.
The debt is in line with what they said previously. The issue here is margin. The advertising market is down, you can forgive the revenue to be be down. What they haven't done iMO its manage the cost in the business to match the falling revenue and that's because their forecasts have been too optimistic or late.
The business has convinced the finance team all was well and she has been caught out 3 times this year. unforgivable.
Got to agree.
Revenue as expected but margin another 5% down. Horrible.
Don't understand how the forecasting in this business is so bad other than the CFO cant work a calculator. She should be fired.
Somebody has to sell them before your friends can buy them!
The fact that we are all sitting here with basically no idea what will happen says it all. The market needs to see no change to the previous outlook to have confidence there is a handle on the numbers. SMS is long enough in the tooth to know this. That said I would have said the same thing 2 profit warnings ago.
Certainly seems to be a seller constantly dripping 100-150k lots into the market.
Frankie
The first link you posted is for all UHC plans - correct?
If so I think this is big news. Whilst there is a requirement for the patient to have tried OTC iron, I think this is also the case for the other existing pharmacy regimes STX have already 'won'.
My point being the growth YTD has been done under the same conditions and now the biggest health insurer in the US has introduced the drug under the same conditions so one would think it would in time have significant impact.
Frankie
Well spotted.
Does 1 State means all states?
The market is the same for all but they maintained a margin of 17%. This is what S4 need to be concentrating on.
Can it break 40p!
Also divi is due tomorrow I think so ex dvi date was a couple of weeks ago.
Market starting to believe interest rates topped out?
This company should not be publicly listed. Levels of transparency are shocking. Look at today's RNS. No outlook, no forecasts, zippo.
BOD are complicit. The company SP has gone form 80pm to 10p in 30 months. and from 120 to 10p in less than 5 years and yet the same management team are in charge. You trying that with your employer or own business and see how far you get.
Punters only here betting on red or black. BOD and non controlling interests are the house winners.