Member Info for redwineday

Issue will be any raising at his SP will ne a no go, so either they need to get the SP up or it will be convertible debt ant no doubt a usurious rate

They had 60m more cash at the end of Q1 than the end of the FY so I think they have the ability to repay more although I do agree. A few more blue or big white stones should see them get close to 50%. At 10% interest rate the sooner they would be mad not to hand as far as I can see in the restructuring docs after the first lien is paid they are free to do this.

A triumph of hope over experience....

Despite their previous antics Lookers current valuation is bonkers.

50m profit in H1 with 33m of next cash. PDG H1 35m with 9m net cash. PDG this morning say they will have better numbers in H2 than H1.

Let's assume Look cant replicate that and only get to 80m FY. This mornings market cap for Look is 224m and PDG is 275m. 60m discount t PDG despite having 25m more cash at the end of H1 and presumably a lot more at the end of the year.

Nuts

Lets hope it sells. I guess one of the reasons the SP has done nothing of late is the doubt over the deal. For GEMD to resort would mean capex and debt being loaded back onto the balance sheet.

If the deal does complete I would expect to see a good bounce here in Jan between the sale the trading update.

https://www.thediamondloupe.com/depth/2021-11-29/edahn-golan-us-holiday-jewelry-sales-predicted-rise-40

every time you mention that it goes backwards ;-)

I would have sold them mine!

Because the bod don't give 2 ***s what shareholders think

A lot more sells than buys. Maybe Ventobel taking the opportunity to unload again...

This is going to take long time to recover

Black Friday, blacker Monday.

Interesting to note Algo selling exactly the same amount of O trade buys. SP is definitely being forced down.

By my calculation market cap has dropped by 25% this morning.

Pleased to see this appointment. Looks like the new chairman knows what needs to be done.

Let’s hope management changes to follow.

Paradoxically I think the relative silence coming from the new management team is a positive. Could they be focused on the job and focusing on getting some results before saying anything unlike the TW who took any opportunity to yap on which meant nothing g or was maybe even negative given his appalling presentation skills.

Time will tell whether this is a stupid conclusion to draw!

Interesting that Constellation have targeted Marshall’s rather than Lookers despite the valuation gap being far bigger at Lookers. Maybe they know something we don’t.

Having said that I still think Look will be taken out. Massive consolidation coming to the sector. Wouldn’t be surprised to see Chesterman react by bidding for another listed retailer.

Fool is the correct moniker. HTF does he know what the yield will be for next year. This type of trash should be outlawed by the FCA.

Re-reading the proactive waffle I did notice this comment which presumably comes directly from the company

"This, plus actual physician feedback from the sales team and payor responses to reimbursement requests, are likely to lead to revived peak sales estimates"

I assume the writer means revised rather than revived(!) but I take heart from the second comment on payor responses.

AS LTH know the story here is time. Watching this drift is painful but it will shoot up on first positive news. I still believe this a multi bagger based on market potential. The question for me is will new capital be required again together it there.

Its chicken and egg. Low volume as no one is interested in a retailer that doesn't return cash to its shareholders. A dynamic BoD/CEO would take advantage of the SP now and create a virtuous circle. Instead we have csh piling up waiting until a date in the diary passes? Doesn't sound very entrepreneurial to me. Oh wait....

What is the point of Gem being a public company? 4 trades and 1000 shares changing hands.

I think its more likely that the company will be taken private. Maybe a deal between the Lesotho govt and management. This can explain why Elphick seems not to care about SP level. If he is a buyer the lower the better.