Member Info for smudgedan

I have created a VAL Twitter group if anybody wants adding. I am @smudgedann on Twitter

You are quite right, she hasn't been appointed CEO yet, but i would think it is only a matter of time until she is as that is the role she seems to be fulfilling .

Bought in the market this afternoon to add to the placing shares as I was scaled back in the placing. Have spoken to the new CEO who comes across well, articulate and driven. She also fully understands the issues of the past, wasted money, decimation of shareholder value etc. I expect to see new, early stage projects added where VAL can provide value and will also be of interest to the market. Proof of the pudding will be in the eating but I think holders will do extremely well from the current levels.

https://t.me/dukemoun/329

Getting busy in here. Good to see the potential being recognised.

Buckingham's contract was re-negotiated following his breach of AIM rules by selling during a closed period. He is now on a much lower salary with an extended probation period. I would expect to see him gone for good shortly.

Splendid news that it appears to be coming back despite what some doom mongers have suggested to the contrary.
Valuation looks way over cooked given the placing price is at a 90% discount to the suggested NAV and ultimately the SP will gravitate towards the placing price anyway, so this valuation looks like a way for the supply@ME people to retain as much of the business as possible. Anyway, interesting business and interesting sector notwithstanding the nonsensical valuation

https://media.moneyam.com/a/2020/02/1-Mobile-Streams-Nigel-Burton-v2.pdf

agree on that. He seems to have been put on a tight leash and I would think will be removed from the business now the new directors have had a chance to get their feet under the table

Hopefully back next week. The company are presenting at the Shares Evening on Tuesday 25th to outline the new strategy involving Krunch.

I contacted the company regarding an update and was referred to this mornings RNS, per this response:

Thank you for your enquiry.

This morning the Company made the following announcement which we hope will answer your question:

https://www.investegate.co.uk/abal-group-plc/rns/cancellation/202002070700052555C/

The Company will keep shareholders informed as discussions progress.

Kind regards,

Abal Group plc.

I plan to attend. Hopefully good will prevail.

Nice find

Looking at the amount of money the directors have taken out of the company over the last 5 years and the corresponding share price deterioration tells you all you need to know here. Shareholders either allow this gluttony to continue unabated or they make the necessary changes to give the company the chance to survive and possibly thrive.

If Tangent exceed 30% then there will be a mandatory offer

I sold 3m shares. Have emailed the company and AIM regulation

Excellent results, especially given the Bangladesh business was losing money during the period.

Cheers Ivy. Good to have you on board.

They said at the meeting that they would need a team of three people for each deal, but will only deploy the capital once the first deal is signed.

Yep, already had a holding prior to the presentation but increased significantly following it. The simple fact is that the majority of PI's don't know about DKE but word is beginning to spread which has resulted in the recent rise. I believe this has genuine 10 to 50 bagger potential, providing they execute on the plan.