Member Info for RunThoseProfits

Apologies. I meant to use the term tariffs rather than sanctions !

That’s a good positive message, Mav.

I think the business has and is doing as much as they reasonably can to respond to situations that are outwith their control. Sanctions has a major impact,

Especially with buyers putting buying decisions on hold as well as the costs of goods and materials exported to the US increasing substantially. And now of course we have the Middle East crisis and nthe likelihood of increasing inflation and interest rates. Long term holders such as myself will just have to bide our time until the climate improves. It remains a well run business doing its best to work through a tricky spell.

They need to say more than they’ve announced today. You can’t spend 8 months on a “strategic review” and in the end say we’re just going to carry on because the company is doing well and offers received undervalued the business. They wil have spent considerable sums on advisers during that 8 month period. What did they learn? What is the strategic direction now for the business? It doesn’t strike me that they’ve created shareholder value from the process.

Surely the point of a strategic review is to emerge with a new strategy as an outcome? Well what is that strategy? The board are perfectly within their rights to reject offers but after 8 months of review I’d expect more of an outcome than saying we’re just going to carry on.

This has lost over 25% now despite issuing an, albeit cautious, but never leafless clear message that management remain confident of delivering on current targets for the year. This is at a time when shorts have reduced from over 9% to less than 2% and are still reducing further. Unless there’s news that is. It yet public it seems a bizarre about turn in the share price which had until recently appreciated quite quickly from around 300p to around 525p.

I’m very surprised that the share price hasn’t appreciated in recent months. In the short time I’ve been holding BPM it feels like an exceptionally well run business with a very strong track record. It has generated 11% compound NAV growth since inception, has a healthy cash balance and is returning significant levels of dividends to shareholders. It feels significantly undervalued and intend to increase my holding.

I’m very surprised that the share price hasn’t appreciated in recent months. In the short time I’ve been holding BPM it feels like an exceptionally well run business with a very strong track record. It has generated 11% compound NAV growth since inception, has a healthy cash balance and is returning significant levels of dividends to shareholders. It feels significantly undervalued and intend to increase my holding.

It seems that even a trading as expected message to the market with even the slightest note of caution is getting battered. The slight retrenchment in the contrary feels like an over reaction to a cautiously optimistic trading update today. I expect these will recover and will continue to make strides forward.

A nice step forward for the share price today. It’s not obvious why. No news. No RNS.

This feels like a ludicrous market reaction to a “trading in line” update. Trading well below its true valuation. Will rerate at some point.

AT is slowly re-rating as the shorts make their exit. It seems to slowly be recovering and I hope will return to a more realistic valuation. Easy to forget that a couple of years ago this was almost £9 and it’s bought and integrated a couple of profits accretive businesses since then.

One would expect so pj, but then perhaps it also creates a headwind of opportunity when things pick up again - I’m not certain. Some comms from the business on the current contractual situation and outlook would help. I’d like to get back in here but there’s just op much uncertainty (for me) to do so right now.

This has dragged on ridiculously long. For Australia review to last this long is a joke. This must lead to a meaningful and favourable outcome for shareholders or the board should be forced to resign at the AgM. The lack of comms with shareholders is farcical.

The wind down of shorts appears to be accelerating.

It’s nice to see AT to quickly recover back to almost 500. Let’s see if it can sustain this and push on towards a more realistic and appropriate valuation.

Just reading the end this morning one knew the shares would get hammered. The whole tone of the messaging and outlook was flat and downbeat. This will stay here until the Iran conflict and tariff uncertainties are resolve - or another organisation looks to take them over.

I’m surprised the stock has sustained these levels and recovered some of yesterday’s losses after the results this week and the level of uncertainty over projected outcomes for this year. I’m current times any negative messaging is normally hammered. That hasn’t happened in this case.

Today’s RNS notified of a new organisation taking a substantial holding in AT - just over 3.8%. But the threshold was crossed in mid-Dec 2025 and the issuer notified in mid-Jan 2026. Why the delay in issuing the RNS today?

How long does it take to conduct a strategic review? Frankly it’s a disgrace. With an original rationale for realising shareholder value they have, so far, achieved the opposite.

Is this in the process of re-rating ? Shorts look like they are baling, stock looks like it could join FTSE250 if it can sustain these levels or keep progressing and company results and outlook look good.