From what I understand she is bankrupt due to refusing to pay debt. Therefore the courts are used to force the recovery of the debt. Bankrupt but not insolvent. However she refuses to believe she is bankrupt hence all the trouble for the company. Her flat was sold and now she thinks the new owners are squatters. Some of her shares were sold and she thinks they were stolen. She complains in public that she didn't get her divi's and was not allowed to vote at the AGM for those shares. This all stems from her being in denial over the fact that she is a Bankrupt. Hopefully now that everyone knows the truth all the rubbish will go away. What I can't understand is the people who believe her crazy conspiracies, it seems the more unbelievable they are the more people want to believe them, odd.
This was mentioned at the AGM, for one, they have a number of government contracts and they are notoriously slow at paying. They said the cash cushion is needed to pay contractors monthly when the company may be paid at longer periods, but saying that the chairman said he is in favour of future dividends at both AGMs - now that the company is doing well. I think the dividend will be double next year add that to the potential sp growth from a great pe ratio it’s a good safe bet for long and short term investment. I am still buying when I can, still time to get in before divi cut off as well.
Best stock that no one knows about11 Jun 2018 08:39
This is positive - the Chairman’s statement has picked up on the fact that this stock is undervalued as people are not aware of it.
“We are investing in a number of marketing and communications projects to raise the Group's profile during the forthcoming year, including the launch of a new website that better reflects our capabilities as a provider of highly skilled technical consultants.”
Imho it will only take a few new private investors to “find Triad” to raise the profile and It should double to nearer its true value.
Great results, very well managed as a number of companies in the sector struggled. With a huge cash reserve they can now choose the more profitable future contracts. IMHO I would value at 120p, fundermentals of this company are like a new starter but with the bonus of having very experienced and market savvy people behind it.
I am and have been for a long time a big holder of both SXX.l and TRD.l My question to the chat room is are there any upcoming announcements for Sirius in the next few weeks? As Triad are due to release results in about 2 weeks and this always creates a big upward movement so was thinking of putting all eggs in Triad for about 3 weeks and then splitting and moving back into Sirius. What’s the general consensus?
Not only hopefully good results but definitely loss of long term costs due to lease on old building expired, and big cash reserves. This stock should double with just a single new institutional investor coming on board and they are courting them currently.
I think the depressed price (down from 80-90p) is solely due to the administrator of a bankrupt selling her shares with no concern for the market price. She still has shares but her debt has been covered so should no longer flood the market, so the price should recover it has created a bargain for the people in the know. The stock does need to be publicised it does seem to be off most peoples radar, the company itself is improving its fundermentals year on year.
I went to the AGM, very interesting, positive on having future dividends. Very very good value, current P/E just crazy. Price depressed due to a single share holder going bankrupt and having their holding sold. Price will hopefully now recover and see its proper potential.
I think it's clear the price is artificially low due to Liontrust's new management team selling their holding. They obviously wish to have stocks that they have chosen in their portfolio, wouldn't look good if their best performer was chosen by the previous team. Someone else stated that they are almost out so we should hopefully see the meteoric rise to £1..
I went to the agm and all the talk was for £1 by the next AGM, the results reflect this too. I am guessing the referendum is holding the market back. However if we vote out there will be a high demand for IT services to rewrite trading systems across the board.