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Rubbish. Chairman has been in charge since 2006.

Can they issue the RNS up until midnight?

They have had six months to get this right and now we are speculating about whether the can do it within few hours.

The situation is farcical.

All the info is already know to the market via the trading statement. I don't get why you think the SP would automatically rise unless the pull a rabbit from the 2020 hat which I think is unlikely. SO genuine question - why do you think SP will rise?

So potential suspension is a reason to buy? Really?

The BoD here are useless, if there is a second suspension they should all walk the plank. They wont of course, nobody resigns for anything these days with that attitude coming from the clown PM down.

I am more hopeful. I revisited over the weekend the last Hardman forecasts form May. I know they are paid for research but their methodology is sound with the variable being your call on the market penetration and speed of ramp up.

Remember that Madison was CEO of Keryx whose Ferric citrate product that went from zero to 111m in sales in the space of a year and in the last year that I can find reported was selling 128m. That product has a less wide label than Accrufer. So my point here is the speed can be quicker than they currently forecast. Second is market share. Hardmans last valuation has SP tgt at 281p on 2023 sales of 1.3% market share and $94m revenue. if you substitute their 2024 forecast at 2023 timing so, quicker ramp up (and more in line with Madisons previous company), then the you get closer to that valuation earlier. Therefore for me it becomes about the sales and marketing activities and their efficacy. This is where Madison will add his value, based on his previous experience.

All of that said I have 2 doubts. 1. Norgine result so far looks poor. Is it the drug? Is it Norgine? Whatever if it doesn't improve soon then there is an issue somewhere.

More immediately I think the SP will drift lower. I cant see any comment from STX before the September update. I would think they will wait until they have something clearly positive to say on the outlook for next year. They wont in my view comment until they reach a point where the market can bank an assumption on future sales based on some hard data.

So short term I can see this drift lower through the summer and next year 1.50 minimum should good news be forthcoming.

On the other hand the y must have a high level of conviction on jabillo and they must have had access to the data) plus there is some risk diversification of TLW decision and timing

I'd rather have a second rate petrol station run by an entrepreneur than a shiny new Audi dealer run by a baboon making off with the takings.

I just looked at the stock prices of all of the other companies who presented at the conference yesterday. STX had the worst SP performance today, most of the others are up and the 2 or 3 that are down are marginal.FWIW I watched some of the other presentations and STX was one of the most compelling business cases.

To me there is only one rational explanation to the SP performance and that is the SP was manipulated before and after.

Welcome to the LSE Mr Madison. Sooner you get this listed on the NASDAQ, the better.

Our new CEO seems very coherent and on the ball. I'm feeling more and more confident.

I see VTU is on a tear and the SP up 5% today. The old jalopy that is LOOK continues its drift.

From their RNS of Jun 16

As detailed in the Notice of AGM, shareholders who wish to ask a question of the Board relating to the business of the AGM can do so by sending an email to generalmeetings@lookers.co.uk. We will ensure, to the extent practicable, that answers to questions received by 5:00 p.m. on 16 June 2021 are published on our website by 10.00 a.m. on 23 June 2021. The Company will endeavour to publish responses to any questions received after 5:00 p.m. on 16 June 2021 on the Company's website in advance of the AGM.

Needless to say the time has passed with radio silence. CEO and Chairman treat communication to shareholders as not worthy of their attention. How on earth they think investors will be interested in their stock when they continuously fail to do what they say they will. At best it's careless and it worst its incompetent. No comparison with VTU who take the right approach.

Frankly LOOK deserve to be taken out. Sooner the current chairman is gone the better. Hopefully we will have someone in the job who recognises he is their to manage the shareholders interests.

PJT, for what is worth I agree with your hunch.

I think it's starting to come together. We know the product works and for me up until this point it's been about the people who have been unconvincing. This looks to be fixed as much as we can tell with new directors and a new experience CEO who's is commercial rather than bean counter.

For me this now about when and not if.

He is a US executive, remuneration is on a different scale. I guess the free shares are in lieu of a "normal" US salary.

If he is the right guy for the job and his CV would indicate that he is then he is what STX needs and the price is small in comparison to the future value of the company. As you said yourself in an earlier post, his last but one company company did over $100m in the first full year with a product that is less good than Accrufer. If he can pull off the same trick here then we will all be grateful he was hired.

Personally I think 50% upside will come as soon as the money starts to come in.

Like watching paint dry

Wow!

RAPAPORT... Jewelry sales in the US more than tripled in May, fueled by pent-up demand amid a further reopening of the economy, according to Mastercard SpendingPulse.

Sales in the category increased 203% year on year during the month, reflecting a comparison with May of last year, when many stores were closed due to the Covid-19 pandemic. However, jewelry spending also increased 45% versus 2019, Mastercard said last week.

GEMD should blow the doors off in Q2

You can add another item to the list of assets with surging prices: diamonds.

Prices for rough-cut gems — the kind of stones used to make an average engagement ring — were up 10% this week at the latest De Beers sale compared with the previous auction. Within hours, some of the stones were changing hands in the secondary market with an additional 10% markup.

It’s the latest sign of a rebound in an industry which was in the doldrums until recently. The biggest miners had been sitting on billions of dollars of surplus stock. Jewelry has been a luxury winner of the pandemic, with wealthy, stuck-at-home shoppers who had little else to spend their money on splashing out on bling.

What’s next? While there are nerves in the industry over how long consumer demand will last when economies open up, for now there’s no sign of a slowdown. “The rough market is hot. There’s enthusiastic buying across all rough categories,” said Anish Aggarwal, a partner at specialist diamond advisory firm Gemdax. “There are supply shortages at the moment. That’s creating a sense of scarcity at every stage of the pipeline.”

Just got round to reading Monday’s RNS.Loved this comedy gold “The Board would like to thank Phil for his resilient and clear leadership, particularly over the last 12 months as the Group has resolved a number of legacy issues.”This’ll be the same Chairman who oversaw on his watch, theft, accounting mis statements, share suspensions etc etc. Clearly needs to receive a pay rise and a gong.

The opening film was excruciating. Completely misjudging the audience and certainly conformed my perception of Foxtons business model and brand. I'm afraid its had its day....

Looks kind of obvious from the recent appointments not to mention the business opportunity and future earnings stream that STX could move home to the US and a NASDAQ listing and the SP potential/liquidity that infers. Needs to be a certain scale I guess before the cost of it would make sense but I am guessing they must be thinking along these lines. Cant see the new CEO basing himself in Gateshead and companies tend to move where their CEO's are located.