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I see boo have just RNSed guidance that they will be profitable again in the second half of the year. Does that including stealing revb ..
And a very generous guy too, he lends money without even thinking
The results of the audit were pitifully simple and the the amount of time to issue an equally simple set of of accounts was insane. Bob should have had them gone within weeks if they couldn't deliver and got another firm in who could. Both the auditors and the investigators 'took their time' imo as they were on fat hourly rates, seen it to often. He just let this go and did f all about it, wouldn't be in this position now and would likely be be over a quid and happy.
Yes its nonsense, stalling.
Boo issuing a note on potential management changes has zero to do with aim regulation on trading of a stock.
It was a technical suspension due to the accounts delay, it happens regularly, therefore it should have been trading the day after. I don't buy the remaining excuses, its not the norm that the basically non existent regulators on aim would bother holding this up further.
You are right red, however in my experience, and in the real reality of the situation, major holders and bods have little regard for PIs. They certainly don't dream about how they can do their best by us at night. So Boo are looking after Boo's interests and Bob et al are, ultimately, looking after their own personal interests. It just depends which, as a knock on affect, will serve our interests best .. and currently thats looking more like the Status Quo at present
Very different markets, growth isn't always a choice, macro economics and changes in consumer spending habits have much more affect than 'corporate strategy'.
Yep look at Ocardo fly this morning with speculation of a takeover ... slightly different situation here as boo are already holders and as we know and are vultures at best looking at how and what they have acquired in the past. Their strategy of buying distressed businesses hasn't worked for them thus far .. and with us not being distressed they see an opportunity to change their fortunes. I just hate looking back at their 'supportive shareholder' RNS - utter boll@cks.
Deal
As well as being paid 5p a post on here of course, I've made nearly £18 in extra income in the last two months alone
Quite eloquent, why thank you dear sir, as a rough northern bloke thats a first :) I do run a pr agency so that might help ha
Momajid - that comment was tongue is cheek and directed at bear, see his past posts.
The huge expansion into the US including Walmart etc will see large profits here, id imagine way beyond what anyone expects (look at what our peers numbers are looking like and their valuations)- which is why we need to keep the wolf from the door. Boo wouldn't want this if they didn't see a large opportunity in the business
Momajid - prior to suspension the company was predicting ebit of 20m, so id take that as a start point, the actual potential is still yet to be seen but id imagine its way above this with all the new customers we have onboarded during suspension
Your not the same account are you? lots of back slapping going on .. :)
Your talking historic's, fls suggest a very different view and a strong, growing and profitable business, The past is not relevant anymore, the market is forward looking and prices on potential ..
It would involve a lot of dodgy practices, the regulators wont allow this to happen imo, either way it would take many months for this to play out, we just need to trade asap and get this up closer to the £70p+ mark which is where it should be based on peer numbers. then holders can make their own choices without the worry or threat
Ps you say the 'The Company is losing money' - no its not, cash is increasing and its profitable.
Momajid - it would be a long and drawn out process and so many things have to come to pass for that to happen. firstly boo need to win the vote, unlikely they get the numbers. secondly the loan aspect would take months, (if they even call in the loans, i know bob suggests it but why would they if the loans are being serviced??) in the mean time this has to be trading. And then after that, liquidators have to be independent and get the best value for a company so other offers would come in to counter Boo. Im surprised they are going down this route to be honest, they could just buy more on the open market and reap the rewards of growth without the big risk.
Pumpky - yes i own some as a hedge and have a couple of spreads running. Need to cover all bases in these situations.