Member Info for Slomo12

As an investor in Jarvis/JIM/x-o it's been horrific, but as a customer I still reckon they were excellent. Always deal with everything promptly and efficient and still do even now when it must be difficult for the staff... I'm staying with them as the ii deal seems good to me in that I'll get my 6 months try out without fees. Ideal. I hope it all works out. Still p****d off about the debacle as a shareholder, but "sic biscuitus disintegratum" innit?

Well I hold both EAAS and LUCE and don't see selling LUCE to plough into EAAS a good move atm. Mind you, I was heavily invested in JIM, so call me Mrs Muggins... JIM always good for me as a customer, but owning the shares & their lack of communication with shareholders not so good. I do like LUCE and EAAS so happy to run concurrently..

However, Wetherspoons clearly expecting bad times ahead with so many costs rising & they are cutting out some of the most popular things from their menus. It's happening everywhere, hospitality & retail. I think Wetherspoons will weather the storms, but customers won't have the great choices they had before. Still, with stores shutting down cafes (Sainsbury, Morrisons) there will be more people looking for cheap & cheerful options & 'Spoons well-placed to fill the gap...

What shabby, stupid politicians we have. HARL could have been kept independent for a guarantee of £2million & maybe pressured for a change of management among other issues, so we'd be in a better position than we are now. Of course I'm glad that the company still exists & provides good jobs, training etc which was my motive for putting money into HARL in the first place, but it does stick in my craw that it could have cntd in British ownership rather than being beholden to Navantia to see the benefit of a rescue...

Hi Taverham, so you're not planning on a long life, or do you enjoy extreme weather? SSE are heavily invested in renewables, so I don't get why you think Trump trashing 'the green agenda' will be of benefit to us...

2022??? What's that got to do with the price of eggs?...

Just to reiterate to some of the gloaters (who were so delighted to see the Govt decide not to extend the loan guarantee). I still don’t understand why the Govt couldn’t have given the guarantee with strings attached. Yes, H&W weren’t making money and JW was always a loose cannon, but the core business was being developed, apprenticeships & work were building alongside, and those things cost money. That’s investment. Sadly no-one seems to appreciate that some people are genuinely investors looking to the future. A good chunk of a contract was already secured. Even though I have lost money, I hope that H&W will continue though I would have preferred it to be UK owned & I don’t understand why our Govt doesn’t see the advantage in it being UK owned. What really upsets me is when the gloaters attack those of us who really wanted a modern, competitive business with a workforce fit for purpose earning good money in areas that need investment and employment opportunities. Excuse me for wanting H&W to succeed.

This was from Navy Lookout: There are plenty of naysayers lining up to write H&W off as a basket case that can be left to fold or asset stripped. However, in the long-term H&W is a viable business, especially if the 4 yards are kept together, offering a unique shipbuilding and engineering capability that is greater than the sum of its parts. This is the view of many independent analysts including the newly-appointed interim executive chairman, Russell Downs. Progress to grow the company and become profitable was being made, revenues more than tripled to £87m in 2023 compared with the previous year and operating losses more than halved to £24.7M Profits grew by 100% annually over the last three years and had been forecast to rise by 50-100% in 2025 with the commencement of FSS and the recently awarded Falklands contract.

I have received an apology from the broker. Apparently amended letters are being issued!!

Thanks again, Corry... At least it got people talking! I've never had a problem with my broker before; they've always been spot on with information which is why I did get a bit hot under the collar. It is AIM after all.. Anyway, I'm sure it will all be fine now. Glad for advice & support....

Thanks Corry. I'm hoping that it is just a clumsily-worded letter as it seems at odds with everything else I've seen. I'll give them a ring (and a few choice words if necessary!)

Hi Corry.. letter says We are writing to advise that the company MARLOWE PLC ORD GBP0.5 has recently announced a Corporate Action.

The result will be that your existing holding will be removed and replaced by 1 share in OPTIMA HEALTH PLC ORDINARY SHARE OF GBP 0.01 for every share of MARLOWE PLC ORD GBP0.5, this is expected to happen on 26 Sep 2024.

Please note that this will be mandatory and does not require you to take any action.

So this seems to mean that existing shareholders who owned all that was Marlowe are now being off-loaded with the Health element alone and Marlowe offloads us to a part of the original concern? That's how it looks to me - but is that what is happening? It just seems bizarre to be made to exchange ownership of the whole of an enterprise for a fraction of it...

I am baffled. I've received a letter stating that my "existing holding will be removed and replaced by 1 share in Optima Health plc ... for every 1 share of Marlowe plc.." When GSK spun Haleon out we still retained a holding in GSK, but it appears that this is not the case with Marlowe. Can anyone either confirm or clarify please?

Barchid, me too. They were always & continue to be really easy to work with & use, so I put some of my pennies into JIM & they did well for us for a good while. I can only hope that this will recover in time.

Funny how there were so many photo ops taken up by politicians of every persuasion, but now that the election has been and gone, they no longer need the H&W yards for a backdrop...

Oh, Tonyh - I've just scrolled back & found it was you making the remarks - so now I understand. You just don't like an independent, self-sufficient woman questioning what you have to say... I quite understand the attacks now, so will let you alone.

Tonyh - You seem to think that you recognise me but you are just looking in a mirror. Not everyone is like you. It's not about me, and I don't know why you instigated this attack on me when I was picking up on another person's mysogynistic and outdated views of women... There is much that I agree with on many people's posts, but I'm not obliged to agree in totality. We all have our views and we all have our reasons for investing and/or gambling. Personally, I choose to invest in ways that mystify you but that's my choice. What 'breed' are you referring to that you are lumping me in with? Thanks for explaining everything to us all in simple terms, we are indebted to you. Thanks again.

Thanks LSE. We know there were good things - contracts in the offing and investment in equipment and workforce. As has been said, directors should have been reined in on some of their wilder decisions and their pay packets, but it could and should have been the revival we need in this country . I wonder how we are to build what we need in tricky times like these.. the World is not getting any safer at the moment, and we are so often woefully unprepared

Goingunderground - I find your remarks quite offensive. I am quite at ease with my loss. I don't need you to tell me to "suck it up". I understand the risks, but I believe in investing for good not outright short-term greed. I know that's not the fashionable view, as we have many a 'loadsamoney' types jumping in and out of shares rather than looking at the long-term. Yes, I have had my fingers burnt a few times, and luckily some of my investments have done well, so even if I lose it all here, I'm not going to be crying. Have a nice night.