Member Info for Smokeytime

If you hold these shares I feel there is now genuine fear out there as you don't know when the next big drop is going to come.

That's why this board of directors need to go. How does everyone else out there feel ?

@Jg that's a big investment pal don't know how your coping.

How much you got invested in this JG ?

We all thought this would go to 70p today but dropped instead. With this management team at the helm they cannot be trusted, disappointed us several times now and enough is enough. They need to be replaced pronto or the sp will continue to drop and remain depressed.

Debt is 1.170 mil.

Cash they got 350mil

So debt technically 820mil.

If business sells for over 820mil.

Are we talking what's left will be debt free ??

Might have been mentioned yesterday does anyone know what profit the North American bus business that they want to dispose fetched last year ? And what is everyones thoughts on how much they could dispose this for?

Well that was someday we can all say. The drops are not done yet though as we all can anticipate. Could easily see mid 40s in next week but I strongly feel if a takeover bid does not come in next few weeks we investors could lose 95-100% of our money. As with the board agree with many folk they do not have a clue. Why re-instate a dividend if you can not afford one ! Or make ambitious projections regarding profitability! ?? Seems a lot of guesswork in that board with no credibility !

Guess this stock rests heavily on the TU now. Could be make or break for some of us on what we do after that. Feel the shorts know something or else why would they increase their holdings. We PI's are always last to know unfortunately.

Remain confident guys. The shorts are sniffing trying to get this down to low 80s before the trading update ! Let's hope they are all gone in a couple of weeks !

A bit more patience is needed. I have average £2 im sure there are plenty here with a lot less. The stock is being manipulated by shorters. As soon as some positive news is out in terms of profitability and debt reduction this will rocket and shorters will close their positions lightning quick.

Agree guys the franchise model news was on BBC breakfast today mentioning how an update in buses will hopefully bring some passengers back again and will help public transport in the long run.

September is always a torrid time for the markets but all being well we can stay near that 90p mark and push upwards as we approach that all imperative update.

@JG68 I am down quite substantial and do not really have the option to average down unless I take another mortgage out which would be ludicrous.

I think the ftse in general could go on a rally in next few months with interest rates look to have peaked, inflation is on the way down and the pound is weak against the dollar which will attract foreign investment.

Afternoon folks hope everyone is well. I thought I would introduce myself, I have been invested in this stock for a few years and did not know such chat forums exist else would have been here a while back. Just been reading through some of the posts last couple of weeks and some good constructive opinions have been posted by some folk. I'd like to think this share will do well in the long term else I would not have invested. Very undervalued at todays current price and I believe there are good things round the corner for this company as past couple of years has been doom and gloom with numerous headwinds. GLA and once again nice to meet you all even if it is on a chat forum.