Member Info for Shave

Remarkably quiet on this board today, despite the result that shareholders have organised themselves sufficiently well to have acquired some decent legal counsel for the crucial upcoming hearings. There was some extremely harsh abuse of Patience not long ago on here when he started approaching firms, with some saying that it was a total joke and no-one would take it on. Today shows how unmerited some of those mean comments were. Good on you, Patience, and good luck to all.

Still creeping gently up and holding at 250ish at last. Breakout imminent in my opinion. Hold on tight over the weekend.

Well it’s taken a lot of patient weeks but looks like the volcano’s finally beginning to steam. Happy times ahead folks. I’d venture that we’ll never see the low 500s again.

Perhaps it’s time to sell to the cartel. I’m sure they’d love some in-house purification sensors.

Docket 1755 on the Kroll website is an absolute gem. Sincere support and congratulations to all involved for the huge amount of hard work that’s gone into this valuation analysis. Best of luck to all through these hard times.

Agreed. Very excited for the breakout! Champagne corks before long folks.

I’m doing a daily “Imminent Contracts” dance until an RNS lands, to summon the gods and get some good news for once. SURELY, given the context of allegedly fraudulent accounting, and in the ensuing mess trying to quell fears of corruption and financial incompetence, they wouldn’t raise false hopes of imminent contracts? Or would they…

I’ve taken an extremely strong punt on the former. But this daily dance is becoming more and more of a strain with my increasing age. Come on the imminent contracts.

Come on people…. sell limits at 0.8? Doh. You’ll be regretting that when it’s double. Remember how dirt cheap and depressed we all felt this was when we’d been sitting at 1.6? I’m letting this ride until it’s a multibagger from THERE, not from here. Good luck to all, especially those with strong nether regions.

I suspect many of us here remember what it felt like to buy too soon at around 1.50. Let’s not also be the morons who sell too soon down here in the basement.

Finally. It’s taken nearly a month but we’ve broken back above 0.65. No ceiling from here for miles. Not even a mezzanine.

Muggins, which posts are you referring to and where can I see them?

John, there’s a good reason why we we’ve never heard “It ain’t over til the fat lady’s dolled up and ready to take the stage”.

Doesn’t the title say that 1533 was denied? And the reference to 5th May is regarding something else?

Hi Tegop,

No offence but docket 1533 is just a disgruntled letter from a shareholder. Where does it say on the Kroll site that there’s a 2 May hearing to address specifically the objection(s) of shareholders?

You seem to be implying that there’s imminent dilution on the cards due to an offering? Not the case, so I’d caution against implying that. The RNS makes it clear that cash flow needs addressing; trade financing would bring forward the cash in advance from contracts to solve that. No need for dilution; no suggestion of dilution; hence the recovering share price.

Bloomberg:

“Despite Recession Fears, Tourist Spending Is Expected to Grow in 2023
A new report on global cities’ tourism performance points to continued growth in inbound spending, despite increased costs.”

I feel there’s such a lack of longterm patience on these boards. People expect huge volatility because of what they’ve experienced since 2020. But a healthy market will be fairly flat.

Yes, I called this as the bottom yesterday, but that doesn’t mean it’s going to power up 30% the next day. It could pootle around for weeks and dip lower occasionally before a sustained rise is noticeable.

Consider how dull a 0.5% price rise day feels. It’s easy to feel that it’s not going to produce the returns you’re looking for. But one year of 0.5% rises every business day gives you significantly more than a triple bagger in a single year. Let’s all chill out, go for a walk, and check back in a year. Peace out.

What does that make you, Wolf? Uncle Albert?

For what it's worth, just venturing my view that this is an absolute golden opportunity of a time to buy. I was heavily underwater but decided to knuckle down and go all in on my rights. This is one of those profitable occasions when a rights issue is being used for an 100% tangible result -- paying off debt in order to reduce interest payments.

What makes this one so profitable is that it comes at a time when many had already invested large sums to TUI. The inability of many to contribute further led to a heavy slide in advance of the RI.

Not only was the slide to the RI therefore a significant opportunity to buy the ordinary shares undervalue at the TERP, but, like so many RIs, the value has plunged since then. The pattern is exactly as it was with the recent Aston Martin RI, which proved very profitable for me, and had a lot of similarities to the TUI situation. So, in addition to my rights, I've ploughed extra in today at 513p.

The Aston Martin price slid by half from TERP until the final day of the RI process (the final issue of share certificates). That was the low, after which the price began to rise again and has more than doubled in the last 6 months, despite inflation and market pressures.

You can't judge the market from the past, but blow me down if the same doesn't happen here. Good luck to all!

Si, tu regrettes beaucoup.... if the price zooms up.
I think that's the problem. It feels so dangerous at this point in the cycle when we're all so battered and bruised. And witnessed other holdings of ours being liquidated (I have). But if you look at the long-term market chart as a 10-year-old you'll say "well obviously that's when you should be putting most in"....
Good luck! Hope you go for it and it serves us well.