Member Info for sjsrace

Unfortunately management here couldn’t organise a p*ss up in a brewery, plus we have the car crash of the 2022 results to come.
That said I think it will go back above £1 shortly but every time management open their mouth it crashes back down 20-25%…

Singer also claiming in their note this morning that "Management execution remains strong"... so I'd assume Jimbo has a good relationship with them and they do what their told like good little brokers... whilst they wait for a big fat take private fee... only after he's trashed the price by continual underperformance....

Results next week, pre close was very positive and suspect their take on 2023 will be equally bullish. That said it is a company that over the years has destroyed shareholder value time and time again imo. In any case every share has to find its bottom at some point… so this rebound might have done that and continue up - for now anyway. I am holding for results having bought in lower and will assess next week.

ah ok fair enough, i must have missed that trawling through the thousands of form 8s...

Pretty disappointing to see the FD, who's basic salary is about £380k and who's total package last year was £3.4m, pulling out a sharesave scheme into which he is saving £250 a month which is totally secure. It must be because he doesn't think the company can get to the option price of £2.46 before March 2025... I might be missing something but that just seems really poor behaviour - what does that say to the staff and PIs?

Well that'll do it... bets on takeover premium/ price anyone?

Come on, get back above a quid you peddler of fascinating high brow news...
https://www.dailystar.co.uk/health/herb-extracts-can-help-increase-28379370

Understood - I didn't appreciate the advert free piece, however I feel there is a difference between what content people are prepared to pay for and just general newsflow/ arguably some clickbait. And I think Reach are firmly in the less premium latter camp... That said - this is (like a few shares) very undervalued and if data is where its at then sooner or later the market will rerate accordingly

Trouble is I don't think 3m of the 12m subscribe, they have probably done the math and the fact is the loss in revenue by hiding behind a paywall probably isn't compensated by the subscription.

On the timing point the registrar/ mominee will know the shares which are owned/ traded just like they know for dividend cut offs.

Hi Sandgrounded, this isnt as tricky as it seems. There will be a cut off date for the votes to be received, most are exercised via the Crest system online and hoted by institutions, usually they come in fairly near the deadline, in the prior 48 hours. Where shares are held by PIs online they will usually be in one nominee account, if votes are split between for and against then the nominee will vote them accordingly.
If there are certicated shares then a voting proxy firm will be sent out either by post or email and then needs to be received by the registrar by the deadljne stipulated, i.e. 48hrs before the meeting. The process is outlined in the company’s articles.
Shares not voted will simply be disregarded, its not unusual for only 70-80% of shares to be voted.

In my view there is absolutely no way he should have sold prior to the announcement of the trading issue. He would have been privy to the information and it was clearly price sensitive. Had he asked permission to deal from the board it would have been rejected. With the information available I see no defence here from an insider trading perspective. Whether he resigned/ was sacked first is irrelevant.

I think this probably would be a target for someone, but I suspect they need to get the pension deficit/ liability sorted out first

Historically it has been later so I was expecting it late next or early week after. However you’d hope, given what they do, they could get that right. After all, everything in the Star and Mirror is always 100% accurate…

Ah ok, doh, thanks

Hi how do you know the TU is on Tuesday, good if it is, but couldnt find announcement for that

Has anything really changed since the last update? I think not, just a lot of profit taking. So if the story continues, and there is no reason to think it won't, then the upward trajectory should resume. Its fallen on no news...

Its a gery big range too, but whats a $1billion between friends. Anyway who needs a range. $3.4bn will do nicely. £4 must be incoming at some point.

Pretty ridiculous, just down to no news and market sentiment I assume. Nothing has changed since the last update and I dont see how they aren't still doing very well and growing fast.

Correct, where do they all crawl out from…