Member Info for Scorpionwinger

You have to laugh stt suggesting that believing an anonymous poster was a bad thing. As one of a number of people who have been encouraged by and communicated with Dags and Schroedar off public websites, they are very well researched, intelligent and transparent professionals with nothing to hide.

Now as for Stt, shall we examine his anonymity. F**k it, is it even human? Certainly evasive and completely private.

Loves dissing other people. And the more the blue corner lines up, the more he rants and multiple posts. And to think there’s no agenda. As if!!

The other liquidity issue people fail to mention is that one of the ways most consumer companies have survived has been to turn off their suppliers and stop paying their landlords. This has to reverse and there is a mega working capital outflow to come

Big difference with M&B. Latter has freehold estate and their competition is unchanged and the sector will boom when we are free to socialise again.

Card on the other hand has lost permanent market share and has a vast estate with massive rent arrears, bank debt and Government debt. It still has a vertically integrated model which has some merit and can play catch up online but is way behind Moonpig in gifting and average spend per order. Properly recapitalised and having sorted out the leases, it may be a very good recovery play, I just think that existing equity will be the last to benefit behind bank, new equity and landlords.

You’ll see. Don’t say you haven’t been warned

Better informed than us but unlikely to have been insiders under the MAR definitions

I think Sparta was the custodian for Douglas Bay

Ps Douglas Bay are very shrewd investors. They didn’t dump their shares at 30 because they thought it was worth 50 or 100!

The board are insiders and can’t trade. Rest assured whatever the CFO loses on his shares will be compensated by new options at the post refinancing price and a large refinancing and restructuring cash bonus

There is so much garbage written here.

I worked on the Clintons restructuring and was very underwhelmed by The new CEO. I offered my services to this Board. I was told they had it all under control and didn’t need any help. While they have been shout, Moonpig and the supermarkets have eaten their lunch and dinner and won’t be giving the customers back. The high street has changed forever. Card is way off Moonpig or funk6 pigeon on tech. The store estate is too large and the combination of leases and bank debt will mean that any free cash flow over the next 3 years is going anywhere but shareholders. The final straw in Friday’s ridiculously timed RNS is the use of the word “stakeholder” not “shareholder”. Having worked on plenty of restructuring since this in code means the banks are in charge and any equity issue will be massively dilutive and conditional on a debt for equity and cva with warrants to the banks and landlords.

I reckon new equity may be asked for £50-£100m and with a recapitalised sensible debt financed business on a post warrant basis I would suggest a broad ownership of the post new money equity as being 55pc new equity, 20pc banks, 15pc landlords,10pc current equity. On that basis, current equity is probably worth no more than 10p. I was truly shocked the marker didn’t grasp that in the last hour of trading on Friday. First RNS they had which used the word stakeholder.

For what it’s worth a new investor post rights could do very well although I do have concerns that the business model is holed below the waterline for good. The Moonpig share price suggests the market agrees.

This amused me, from the other place...

Seekthetech25 Feb '21 - 07:56 - 5653 of 5659
0.000050 9 1
WARNING

The Sikh tech bubble is reaching unprecedented levels. The Vix factor measuring fear is at an all time high as the latest quantum of repetitive, irrelevant and high frequency posts point to frightening levels of distress.

Rumour is that Reddit will shortly urge its social media followers to buy Tremor to exploit the value arbitrage between it and its US peers.

News of this impending event has caused panic in the Sikh bubble in which it is rumoured that chief of doublespeak, Rocket Fuel, has tried to jump ship to rejoin Gowlane in seeing the light but is currently being held under house arrest.

Regulators are monitoring the situation but are reluctant to intervene as the stench of bs from the bubble is extremely toxic. As such, policy is to continue to keep the Sikh bubble in isolation and deny it any oxygen of publicity with the expectation that it hasn’t got long before it blows up completely and disintegrates leaving a trail of bloody Sikh gore in its wake.

This amused me, from the other place....

Seekthetech25 Feb '21 - 07:56 - 5653 of 5659
0.000050 9 1
WARNING

The Sikh tech bubble is reaching unprecedented levels. The Vix factor measuring fear is at an all time high as the latest quantum of repetitive, irrelevant and high frequency posts point to frightening levels of distress.

Rumour is that Reddit will shortly urge its social media followers to buy Tremor to exploit the value arbitrage between it and its US peers.

News of this impending event has caused panic in the Sikh bubble in which it is rumoured that chief of doublespeak, Rocket Fuel, has tried to jump ship to rejoin Gowlane in seeing the light but is currently being held under house arrest.

Regulators are monitoring the situation but are reluctant to intervene as the stench of bs from the bubble is extremely toxic. As such, policy is to continue to keep the Sikh bubble in isolation and deny it any oxygen of publicity with the expectation that it hasn’t got long before it blows up completely and disintegrates leaving a trail of bloody Sikh gore in its wake.

Yup, agreed they should have $2 m of firepower left. Probably saving it to pay the tax on the September vesting of directors free shares. After all we wouldn’t want our leaders to generate a return on our money to keep their snouts in the trough. The sooner we all go to tel Aviv and Demand some answers the better

Cracking me up stevie wonder. Either doused in sarcasm or as blind as your use name

To be fair it is a US business which happens to have a Tel Aviv HQ. Management are in New York. It does tie in with shareholder and management behaviour and accelerated buyback, chairman departure and new CFO timing.

To be fair I didn’t read it like that looks to me that he was merely making the point that you as a retail investor has the ability to access and thereby manipulate the auction price thus demonstrating lack of real liquidity rather than any intended slur on you perfectly reasonable trading activities. I actually concurred with the thrust of his piece.

Copied over from advfn... I think this was a rather Good summary...

Barky

I wish you wouldn't see conspiracy theories everywhere. The truth is much more simple. Namely, Blinkx made excess profits through dubious actvities and raised a big cash pile at the top of the market. Once found out they had to rebuild their business and a raft of low quality CEO's came and went feathering their nests and making one failed acquisition after another to try and find the right magic potion. In the other corner, Taptica were in the right place at the right time for their performance division, equally raising money at the top of their market, which unfortunately had a limited shelf life. As a result when the 2 drunks stumbled together they convinced themselves that a combined CTV offering is their shot at redemption and that Ofer would be wildly rewarded for pulling it off. I don't think for one moment that Schroders and Tosca deliberately got themselves into this posiiton but having dug a hole in which they are stuck, they are giving total backing to management to pull out their rabbit from the hat with the prize being the sale of the business and how they achieve their goal of an exit and get their return. They are backing Ofer because he is doing what he told them and by all accounts works 24/7. They know that investor information or interest is non existant but they don't care nor encourage it nor would they have wanted the truth to have come out through all the mergers and lightweight/misleading statements - retail investors should have run for the hills 3 years ago (Seek's dossier) - but now we are in the same boat as Schroders and Tosca because all they want is confidence to remain and the business to be made fit for purpose with the sp taking care of itself when it is. By my calculations, if you exclude the largest shareholders, a couple of large individuals, a couple of insitutions just below 3%, management, genuine free float is less than 20% of which a decent chunk keeps getting recycled hence there is no liquidity and just nonsense price action. If and when the company demonstrates organic like for like growth; a macro improvement; or wins the Uber case, the price will re-rate rapidly. And in the meantime, there's not much else to do but hunker down and get behind the management since if they have the fulsome backing of the big boys, there isn't much more to do than that, however irksome that it means investing blind. It really is no more complicated than that. There is no manipulation or weird agenda. PS interesting that Gdog on LSE commented on his pre trade in yesterday's auction. Retail investors like him with DMA access compound the problem and are just gamblers with slightly better tools. The 150p Friday DMA auction trade could easily have been a screw up by a mug pressing the wrong button.

If you are rational, no-one here has any incentive other than to see the share price boom.

Our gang remain seething however at the lack of trans

I had high hopes for Trmr after the shower that was r1 management. This lot actually seem to worse. Druker £8m remuneration. For what? Our money used to buy out Tal and managements’s quarterly tax liabilities. Combined revenue based on market forecasts was supposed to be $700m, revised to a cautious $500m, came out at $325m. This year with Unruly was supposed to be $425m, and half year was $130m. Add in an unresolved Uber court case, no capital markets day and the chairman buggering off in august without a replacement and how do you expect the market is going to value this. Glass half full, jam tomorrow or glass half empty, ants in the jam? It’s not rocket science really is it. And yet, votes against the re-election of all directors at the recent agm. Zero..... so wtf do shareholders expect management will do if shareholders do nothing.i have tried to ask difficult questions of management. Total stonewalling. There is definitely an exit agenda and the big boys will get looked after. This is why I won’t sell. There will be a positive outcome eventually. But my god it’s frustrating.

I am Very long and very angry, the reason they are cheap is that (1)they have negatively grown organic revenue EVERY year (2) they use gross revenue growth as a measure of success without showing the related acquisition financing, (3) management have their snouts in the trough (4) Their disclosure detail is lamentable (4) their is no objective research coverage (5) they always miss expectations and always promise jam tomorrow (5) they don’t engage with or care about investors (6) Tosca and Schroders are part of their inner sanctum leaving small investors as irritants and stopping other ii’s investing. I hate stt but equally I am sick of the company’s attitude to shareholders. Fix these 6 points and this is a 400p company. That is why I continue to hold. There has to be an ultimate agenda,

I hate having to post. Grrrrr. The £30m to Unruly is over 5 years but I guess that doesn’t suit the troll’s agenda.

I believe Eric was driving