Member Info for shandypants2

Total equity does include c£10m of goodwill but agree this is undervalued.
NAV is c41p a share.

Strange reaction today to 3 more purchases - all should start generating revenues ASAP.
Most admin costs are fixed so was expecting a bit more.

2020 numbers should be quite good with so many new hostels acquired in last few months.
Also CEO is doing what he said he would and they have cash to do it.

A strange share this one

I said Wed or Thurs - Friday is always a poor day to release info, xmas or not

as long as it's released this week i.e tomorrow or Thursday I think it's fine - next week until the 6th will be dead.

This week is not an issue - after all we had a GE only a few days ago - workers, MPs and schools etc are all still open, this week is a 'normal' week IMHO

Now that Committed Capital hold 37% of the company do they have to make an offer for all shares ?

If so at what price.

Last few weeks this share has been a traders dream - up and down c50% on some days.

Guessing a deal must now be very close

just back from weekend in York - very cold but enjoyable.

Persuaded my group to stay at Safestay as I was a shareholder and wanted to see what it was like for myself.

The positives - great location and building is nice, if a little tired around the edges. A lot of investment in York so this can only help property values.
Price - fantastic - just over £70 for 4 of us. Think this could be slightly higher in York
Check in - arrives slightly early and checked in efficiently without issue, room fine
Bar area looked nice and a few people in it even at 2pm

Negatives -
Bed was ok but slept badly, although this might have been partly due to large quantities of alcohol!. Noise - people coming in at 2am and making loads of noise in reception area. As reception is manned 24/7 assume they were having a chat !!!
Breakfast - wasn't expecting much but this was poor - nothing was available when I got there, not even cutlery and bowls or cups to make a cup of tea! etc. Looked like receptionist was also 'doing' breakfast and just hadn't bothered checking stuff. Did improve after I had a word but then they ran out of milk!! As they were encouraging people to have breakfast this was poor.

Similarly on leaving saw some posters advertising pizza etc but these should have been on reception desk when I checked in.
These add ons are meant to be a big focus for SSTY and I didn't see that at all. Receptionists were young and multi tasking so were not pushing anything.

On the whole it was value for money but is definitely not comparable even to a budget hotel.

I will keep my investment in but am not sure if I will be topping up

surely METS has got to be this week - no one issues RNSs week over xmas and new year unless they are trying to hide something and I don't think that for a second with this one. Hopefully just dotting the i's and crossing the t's .

i thought new CEO was a marketing expert - why get her in if to utilise her skills?

Hospitals and clinics is an obvious route but not sure a marketing expert has an specific connections to exploit there.

Time will tell

appears to be doing well at Myer - they have 7 different gift sets this year after selling out last year.

Priceline (450 stores) - have 3 gift sets. Noticed these are all on offer now. As they are a budget store this could be standard but might indicate not selling as well there (this is more of a budget store, similar to say a Wilko in the UK).

Really hope C+ L has a transformation H1 in terms of revenue as store numbers have increased 12 fold since this time last year and xmas is a key period

Finally - in GQ last xmas C+L face scrub features as a best buy. All good exposure

https://www.gq.com.au/grooming/gear/gq-grooming-awards-2018-40-products-worth-their-pricetag/image-gallery/cd938da10a535c5874060e036eb62b07

CEO MS got paid over £250k last year - massive for such a small company. He also has millions of share options at very low prices - most at 2.25p.

He is always going to be very positive - what CEO wouldn't.

Turkeys voting for Christmas!!

I'm not sure how this spin off is possible and wonder if Cathal spoke too soon.

A spin off company will have costs associated - AIM fees, directors admin etc so if there is no value ATM how will these be paid?

Also, this spin off will surely have to happen before HVO gets merged into ORPH, else it will be very complicated to administer afterwards.

I'm not sure if it will happen IMHO

Aerial - many companies have stated cash is fine and then done a placing soon after - SKIN did it last week, as an example.

Also , no company will wait until cash has run out to do it, they will want to do so many months before so always knock off at least 3 months on any statement re cash. Similarly a quarter is 3 months - are they referring to beginning or end of that period?

When placing is announced by definition the broker has to seek buyers and so they immediately have inside information. There is always a group of sudden sells as these people know they can buy share in a few days at maybe 20% cheaper.
SKIN went down form 1.8 to 1.55 and placing got off at 1.5.
This has all the indications that something is afoot.

Then add in LSAI is loss making, has always been, and CEO has failed to meet many of his own targets - would you trust him 100%? IMHO NEVER trust a CEO 100%!!!

but where's the 20p by end of the week that many predicted etc? Only a 50% difference

very quiet here - assume everyone's just waiting now until mid Jan.

Assuming successful results, any idea what uplift will be - I'm assuming at least 25% so c25p a share, however, we were 30p only a couple of months ago so there is more upside even before FDA submission.

Neon - thanks for your insightful post!

could have been a bit bigger - only £3k but every little helps and clearly CFO knows how the finances are going, so all good.

or another placing!

guessing a few are now thinking any deal will be Q1 2020 so share price has drifted down a little, however, a few are speculating that the UK GE today may be having an influence.

IMHO I think a deal must be reasonably close, else market would be informed. It might slip by a few weeks or maybe it will be done in a few days. Who knows. I do know that a decent deal is not priced in to the share price and so an immediate 20-30% uplift is possible

It's more than $150m - around 2012 ish we were shipping oil and not getting paid for it!!!

Positive update and good that progress is being made, although numbers were lacking a little - hopefully this will come in January. Bosch and Lokies were quite low down on the update which suggests orders have been slow - these 2 could really drive revenues in 2020.

good point - ignore previous posts - more of a Viagra alternative, so no overlap with Prolong.

any estimates given by RBW as to when the results will drop? This side of xmas would be nice