Member Info for slowlyslowly

As I thought

Why is it good news? Someone explain why this is either good or bad.

True. But that doesn't lead me to trust that the presence of an advert accurately reflects the state of affairs in the company. It didn't on the other two ads, so does this one tell us anything?

Although, if you look at https://www.glassdoor.co.uk/Job/romsey-photonstar-jobs-SRCH_IL.0,6_IC2688306_KE7,17.htm, you'll see the LED division advertised for a sales administrator and an account manager on 5th December. 16 days after its liquidation was confirmed at a shareholders meeting.

(Confused)

At least there's now a proper spread. 0.02 / 0.022. That's much better then the crazy 0.04 / 0.06 we were seeing last week.

Presumably most of yesterday's trades were both buys and sells (with one person on each end). :-) The volume yesterday was 105m shares, and I can't see MMs stocking up with anywhere near that kind of quantity, for a rainy day, just to grab the bargain while people are panic-selling.

0.88p, not 88p. (£0.0088 not £0.88)

@Adrianuk: "James said an update is expected before Christmas"

Where did he say that? In an email? If so, when? etc. (do share)

They can't post news they don't have.

Must be. The date of the extraordinary resolution matches. And they couldn't appoint a liquidator for anything else with notification to Companies House but without RNS. They're a plc.

@shenners:
>> I've heard ... news within the next few days

Heard where?

Says who?

Footfall sensors were there as far back as January 2017: https://web.archive.org/web/20170101185047/http://www.photonstartechnology.com/products/halcyonPRO/

The other less pejorative way to put that would be that they won't issue an update until there is some news to update everyone with. We won't get a message, akin to poor quality technical support, that simply says: "We're still looking into these issues." That's not how the RNS system works.

WCW half yearly shows loss of revenue of c. £300k, but with costs unchanged the percentage hit on profits is big (profits about halved). But the loss of revenue does not come from poorly performing investments (just dropping from £29k to £27k) but from loss of revenue from their investment management services - basically reduced broker fees. TL;DR: That explains their SP drop, and is nothing to do with PSL.

Today - big sells moved the price down only a little. Small buys moved the price up (relatively) quite a bit. That suggests that there are plenty of potential buyers whenever there's a drop, but not many more sellers at the current price.

What would you expect them to be free to say on Facebook that (a) goes beyond the most recent trading statement, and (b) would not require an RNS.

Any disposal by an AIM company which, when aggregated with any other disposal(s) over
the previous twelve months, exceeds 75% in any of the class tests, is deemed to be a
disposal resulting in a fundamental change of business and must be:
— conditional on the consent of its shareholders being given in general meeting;
— notified without delay disclosing the information specified by Schedule Four and
insofar as it is with a related party, the additional information required by rule 13;
and
— accompanied by the publication of a circular containing details of the disposal and
any proposed change in business together with the information specified above and
convening the general meeting.

I doubt that "ring fencing" is the bit that's a lot of work. That just means "called in the administrators for one of the businesses the group owns, but not the other one, so the other one can carry on". Turn the question round: Why would you go through the hassle (and defeat) of calling in the administrators for a business that may yet keep going? ... Doesn't mean a contract's around the corner. Just means it's not yet at the point where it's gone.

A lot's happened in those 10 weeks.