Member Info for Sharebel

I have a strong suspicion here I think it was never company /kev buying here (reminder obliged to disclose any dealings of any amount and we’ve had non ) it has been ii adding to their positions to block the vote here.

IMHO DYOR GLA BUYTHEDIP

It’s once again buys are negotiated trade so get ready for a lift up now - ii holders will vote against imho they too hold a decent percentage here - I added up the related parties and can’t see that they are included. So add that to the votes against. People are buying here for the rerate when the vote for company delisting fails. It was never a done deal like they’d like to make you think it was!

IMHO DYOR GLA BUYTHEDIP

Some decent buying coming in I see I think this is going to rally now as if board/kev haven’t bought (we can conclude they have not nor any related party under AIM rules as no TR1) then they will not have enough so the weighted argument now is that it swings to favour them losing this vote tomorrow.

IMHO DYOR GLA BUYTHEDIP

HH
I’m my own person a seasoned investor I don’t need to do anything pay your money take your own choice however as you’ve pointed out those pi holders won’t be selling either. They still hold them so haven’t gone to Board and why would they not vote ffs. Don’t forget other fund ii unconnnected to company who absolutely won’t want this as a private investment and they haven’t sold either during this period.

IMHO DYOR GLA BUYTHEDIP

Name me any company vote where on the premise of proposed delisting they’d only get 50% turnout don’t be ridiculous P!

IMHO DYOR GLA BUYTHEDIP

P
No they need to win 75% of the of the vote on the day. That’s very different thing altogether and currently on an average voter turn out they don’t have enough to get that. Even working on a very tiny turn out calculation.

‘To be passed, the resolution in respect of the Cancellation requires, pursuant to Rule 41 of the AIM Rules, the approval of not less than 75 per cent. of the votes cast by Shareholders at the General Meeting. The resolution to approve the Re-registration and the adoption of New Articles also requires the approval of not less than 75 per cent. of the votes cast by shareholders at the General Meeting.’

IMHO DYOR GLA BUYTHEDIP

P
well broker nominee accounts do have the actual voting rights on many different types of accounts not all but generally yes eg High street brokers etc do hold stocks in their own nominee accounts and can vote and exercise that vote how they wish!
Certain types of accounts technically shareholders don’t hold the shares the nominee account does they effectively just have the ‘beneficial interest’. One example could be an ISA etc you’d need to ask your broker to exercise it for you via proxy.

IMHO DYOR GLA BUYTHEDIP

Neil I think what you’ll find is that I said there was no evidence that the CEO/BOD/Directors etc were buying and Mags49 & others claims that they were. There’s been no evidence nothing declared even the day before the meeting. It’s too late now. I think I’ve been proved right.
On all calculated probabilities because of this I have taken a position here. It’s called investing. You have a position too. So
we are on equal footing. They don’t have enough votes to win it especially on a definitive vote where we know shareholders who are not part of the concert party will not vote for the resolution.

IMHO DYOR GLA BUYTHEDIP

I wouldn’t at all be surprised if some financial institutions/hedge fund/ii /deep pocket pi makes them a financing offer and this would make the stupid vote unnecessary and pointless as they claim it’s too hard to raise funds in this market. Have you ever had any company even on AIM recently even in a dire market that couldn’t raise small funds. Seriously board!?
The business model is a good one it’s how it has been run imho that’s bad!

IMHO DYOR GLA BUYTHEDIP

The vote is lost as they only have 35.8% in total that’s max joined together all totted up - time is up for declarations so they can’t possibly win even if you calculated it on a really extreme lower than average voter turn out think about it - do the maths! Which shareholders would vote for this. NONE get real!

IMHO DYOR GLA BUYTHEDIP

But can sell all my holding they’ll take it all… I suspect the MM have worked it out too and are themselves collecting a large ****nal of stock here to sell to you at 3 x this current price tomorrow!

IMHO DYOR GLA BUYTHEDIP

Can’t buy a bean…

IMHO DYOR GLA BUYTHEDIP

Times up - No declaration made no TR1s posted over the entire time since announcing means they won’t have enough to win. I believe they thought it was going to go easily without much other investors buying but instead they’ve seen a great amount of interest and buying up by private investors. Board have egg now on their faces. It was a stupid unnecessary exercise to try and go through with this and not in best interests of shareholders at all.
What will the rerate be tomorrow on failure to win? 10? 15? 20?

IMHO DYOR GLA BUYTHEDIP

Blades They hold 35.8% in concert but anyone buying who is doing so to add to the concert party will need to declare as they are a connected party to the board Of Directors
So far no declaration from anyone has been made at all but 35.8% won’t win the vote for them and as per RNS that’s all parties who’ve declared to act with Board. They can’t get away with buying and not declaring I think you’ll find FCA would certainly have something to say about that!

IMHO DYOR GLA BUYTHEDIP

There have been no TR1s to support your theory. Any Director has to declare any amount however small even if below 3% that’s the rules or related party connected with the company acting in concert so how can your theory be correct Pump? They needed up to 29.99%. to buy on open market yet there’s no evidence of any buys at all from any of the above being reported not of anything not even a fraction of that. The time has passed to declare. So if they haven’t bought any then they still only have 35.8% all tolled even if you use an average voter turn out percentage of circa 70% on the very low side with such an important issue that’s not going to get them 75% of the entire vote. It’s therefore on calculated balance of probabilities doomed to fail.

IMHO DYOR GLA BUYTHEDIP

On the basis that I believe the BOD will not win the vote on Wednesday I’ve bought some here. Seems to me this is going to be a more impossible event to succeed than they possibly imagined. No evidence of successful buying here which should have been revealed had there been any in great amounts even via any ‘related parties acting in concert’. I therefore believe they will not get their way on this. I’m willing to put my money down to be rewarded with the spike up when it fails.

IMHO DYOR GLA BUYTHEDIP

A reminder

Why are the BOD painting things bleaker than they are by asking to come off
stockmarket - it just doesn’t add up to me. New membership launch where’s updates
On that it was all so positive a few short months ago so why this drastic measure I’m not buying
Their reasoning not at all imo

Trading update and revised guidance for FY22

‘Parsley Box Group plc (AIM: MEAL), the direct to consumer provider of ready meals and other products focused on the 65+ demographic, today issues an update on trading for the first 6 months of 2022.

Highlights

- Revenue £9.6m (H1 2021: £14.0m)

o New customer revenue £0.9m (H1 2021: £3.0m)

o Repeat customer revenue £8.7m (H1 2021: £11.0m)

- Average order value ("AOV") increased 25% to £45 (H1 2021: £36)

- Gross margin % increased to 32% (H1 2021: 30%)

- Marketing spend as a % of revenue limited to 24% (H1 2021: 36%)

- Adjusted EBITDA loss reduced by 42% to £2.1m (H1 2021: £3.6m)

- Closing inventory £1.2m (Dec 2021 £1.2m)

- Closing cash £5.3m (Dec 2021: £2.5m)

As advised on 1 June 2022, the Group has continued product development at pace. The summer catalogue launched in July with the new gifting range of 40+ gifts for all year-round occasions, ten new slow cooked meals, four new hearty meals with a larger portion size, and more drinks, snacks and bakery items to increase AOVs.

The target to increase AOV by 25% has been achieved in the first half of the year, and order fulfilment process efficiencies have been delivered that more than offset cost inflation in logistics and the supply chain. Both of these improvements have delivered an improved gross margin of 32% (H1 2021: 30%).



Marketing spend and overheads have been purposefully managed, resulting in a 42% reduction in adjusted EBITDA loss to £2.1m (H1 2021: £3.6m).



The Group has a strong cash position of £5.3m (Dec 2021: £2.5m) and stock levels have been stable throughout H1 with >95% ongoing availability.

However, the cost of acquiring new customers has continued to increase, reaching £34 in H1 (H1 2021: £31) and the cost of a repeat order has risen to £6 (H1: £3). Deploying cost effective marketing spend continues to be a key challenge in the business and the marketing strategy continues to evolve, led by the Group's new Marketing Director. The Group has developed a new partnership with the Daily Mail online to acquire new customers through food hamper offers for occasions such as the Queen's Jubilee and Wimbledon which has opened a new customer acquisition channel that will continue in the second half of the year. A new TV campaign will also launch in September and run for the rest of the financial year, but the Group will reduce other marketing acquisition activities from Q4 should the high cost of acquisition continue.

The Group's new membership scheme will launch in August with the aim of providing a new marketing channel for repeat customers which over time can replace the hi

No-one minded to sell this low if MM want volume it’s got be taken higher dallying around at this level is plain nuts now they must realise that. Well they do and they will!

IMHO DYOR GLA BUYTHEDIP

The rules state ANY dealings as well as the 3% rule apply to BOD and PDMR’s

‘A director of a fully listed company is obliged to notify their company of any dealing in its shares within four business days, and the company must pass that information to the market by the end of the following business day. ‘Dealing’ is widely defined: the buying and selling of shares, the grant and exercise of options and pledging your shares as security for a loan are all disclosable. Similar rules apply to share dealings by directors of AIM companies.

In the case of a listed company, this obligation to disclose share dealings extends beyond directors to other ‘PDMRs’ – that is, persons discharging managerial responsibilities, namely senior executives who make management decisions and have regular access to inside information.

Prospectuses, listing particulars, admission documents and certain circulars produced by fully listed and AIM companies will also require details of directors’ interests in the company’s shares.

Where the company’s shares are traded on the full list, AIM or PLUS markets, a director whose voting rights in the company’s share capital reach three per cent or more has a separate obligation to give notice to the company of that interest. (This applies to all shareholders, not just directors.) The company must in turn make an announcement of the notifications it receives about such substantial interests in its shares.‘

Listening to the pump and dumpers has meant many have bought in here last week on the frenzied pump and are significantly down along with Mags49 now who telling us all directors were buying. Having read the RNS again it’s a shameful read as it even states they may pull the matched bargain ability to buy/sell when delisted as they’ve said it in black and white I think they’ll say it’s too costly and not provide it. Any holders if delisted means you can do nothing with the stock can’t trade it. I think this RNS is one of the worst I’ve ever read! It just smacks of absolute contempt for shareholders and the stockmarket.

This will fall back to 1/2 then you may see some punt trades but it’s a dead man walking stock.

IMHO DYOR GLA

Neil they would still be effectively considered a ‘concert party’ and would still need to disclose. There’s been no evidence of any big buying here not even from pi’s or traders

IMHO DYOR GLA