Member Info for schwee

A small tech company that attracts overseas buyers of its products, but not UK buyers. Tells you all you need to know about head in the sands British management generally.

Agreed. Still ridiculously undervalued.

Mars is an over indebted property company that sells beer as a side line. One to avoid.

It is not dilution that is the issue. It is whether the acquisition is value enhancing. as 80% of acquisitions are value destroying to the buyer. Is this one of the 20% winners. Evidence please.

Town is running to stand still. Too much short term debt that needs to be refinanced asap to give some breathing space. Otherwise a drip drip of property sales will be necessary.

There is still a huge stock overhang. I suppose a trade buyer could step in.

Surely if they delay the results, the market has to be notified. Answers on a postcard.

Problem is that these extraordinary items keep appearing year after year. So goodness knows what other nasties lie under the bonnet. But we will find out soon enough as the new CEO gets his feet under the table. JMAT has been a great company in the past, and can be again now they have pensioned off the exiting value destroying CEO.

It is not that BHP is leaving, but Woodside not joining. This morning's RNS is depressingly vague.

In summary a basket case.

Yet more extraordinary items which are not extraordinary at all but business as usual. Plus a shed load more next year.

The UK Government has bailed out several companies in the past for a variety of reasons, including you guessed it, Johnson Matthey itself!

DT appears to be trading on a forward p/e of circa 5, has freeholds of about £4 per share and after deducting debt about £3 per share.

What am I missing?

Yet another underwhelming update. The CEO should have been retired years ago.

Do not carried away. Buried away in the small print are £170m of yet more extraordinary items, which as ever are really business as usual.

RNS is aimed at the lenders, not the shareholders. Reduction in debt is the key metric for the next year or so.

What not to like is the concept of splitting the Group into two. So far £60m and counting has been spent of our money on bloodsucking professional fees. And into the bargain a huge divi cut to come. The fact that the share price has been drifting South for months now says it all.

Many Pension Funds and Insurance Companies are governed by Trustee Acts which in certain circumstances will proscribe investing in non paying dividend companies. So there could be an enforced drip drip of sales pushing the share price down.

News about paying a divi might arrest the slide, but that will probably need the approval of CF's lenders.

They made a loss in Q3, not a profit.

Insofar as the results being indecipherable.