Member Info for Schmoky

What do you mean here they will reissue a new hybrid @8.5% to settle old one? Then subsequently sell other parts of the business to one day Payoff hybrid early?

When will we get 2025 guidance? Thought this was due ahead of AGM?

Lol

Ahead of 2025 guidance also..

Awesome news shirt staying open, don't forget to tell when you close loss or gain. Try not to ghost us on a big loss! 🤢 😄

Seems nuts topline growing 10% year on year. 70bp improvement in OP which is still miles below pre-covid would deliver extra £50m. Hopefully the change of guard can unlock this obvious potential.

Firepower you are here ranting because you are weak. Never forget that. And when the tide turns and the SP recovers you will also feel sick, because of your weakness.

On guidance, it would be strange for the CEO to buy right before issuing bad news guidance knowing he would be worse off.

Does anyone have a view on what the knock effect is playing out worst case credit downgrade? I.e. they will secure less favourable rates, but will then still be able to refinance hybrid and in 2027 and stay solvent?

Actually I think cash profit is being made. Just not a lot hence urgent margin improvement + top line continued growth required over next 2-3 years

Why is business valued NAV? 60m PAT -42m expected future cost of hybrid = 18m x10 (I'm guessing this slightly pessimistic multiplier of earnings) = 29p per share. If OP can increase 20,30,40m this will drop Into PAT and 18 will become 38,48,58 etc. Then SP can triple.

They need another 50m+ OP to worm their way out. Could happen in 2-3 years., increase prices, cut costs everywhere aggressively. Try and spin something else off when in better shape to accelerate.

Yes I think they still don't get it that uncertainty leads to share price destruction. The effect is compounded with a poor track record. If the reason is the new CEO hadn't had time to get up to speed and nail himself to a target, that is weak.

Bu tot can service the debt with current cash flow. How much should it pay off do you think? All of it?

Lol

£100m at today's share price would buy back half the shares in existence. Which couldn't happen as they're wouldn't be enough sellers. Interesting thought though, wouldn't just £20m buy back create massive share spike if they attempted to do it?

The NASB ilwas the distressed one. No leverage to get a better price. But subsequent ones not the same story so I would expect a better price for UK or WeDU

Gents they took out short on 25th after RNS. Seems like fair play no?

Does anyone understand what happens to the £232m sterling bond in Nov 25? It's currently SONIA +1.98% so 6.5%. The small print says subsequent to Nov 25 it reverts to a fixed rate of 2.38% until maturity in 2028. Sounds nice but doesn't make any sense and I've probably misread it

Clearly everyone is saying the sale is cheap. But turns only 9m OP. Can anyone square this?