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Here is a suggestion to the BODs, that they all take a paycut and for 2 years work on the minimum wage. Thereby saving about £500,000 per year.
Just had a look at The Annual Report and Accounts 2021 and on page 42 saw the annual pay for the BODs. Having seen their pay levels I am even more appauled by today's news. Dont look if you want a stress free evening.
As someone else wrote here, today's rise doesn't just impact TWDs shareholders, it contaminates the confidence of all AIM companies.
I had to read the RNS a fews times as I couldn't fathom the numbers. I won't be buying any new shares, not at any price.
And they use the word 'pleased' ... pleased for who?
"... pleased to announce a proposed conditional placing to raise gross proceeds of £3.65 million by way of the issue of an aggregate of up to 364,524,700 New Ordinary Shares pursuant"
Am I really reading this correct ... new shares are priced at 1 pence with warrants. Dreadful, really dreadful.
I suspect you may be correct Harry. I also went into the local wrks shop and was heartend to see quit a few customers buying multiple items. Looking around the shop I was impressed by the prices which offered good value.
Hopefully the a good Christmas will result in an increased dividend.
"... with full year financial metrics now anticipated to be significantly ahead of market expectations", that'll do for me. Excellent
Fully agree Panda. In a spare moment I did a search of about 20 Works shops and approximately on average the reduction is around £6000. One shop, I forget where now, had a £25000 reduction. Multiple that by 500+ shops and that is a heck of a saving across the estate. Certainly this contributed to me topping up this week.
Very good find Panda and thanks for highlighting this. I entered about 20 Works properties and the reductions are significant.
£2.68mil for working capital ... how long will that last? Those promotion lunches pictured on STC twitter account look expensive events.
I wish I had listened to Muggins more, if Ì had, I may have reduced my loses.
Correct me if i'm wrong but after delisting it would be difficult to monitise your holding. If I was holding I would be selling pretty darn fast. But please DYOR and this is only my uneducated view, which may be wrong
Simple for me, it is a matter of trust and accordingly I will not be investing one more penny into DVRG.
The chart looks dreadful. Not huge volume, so that's a positive. Just cannot see a support level until 20's if this closes below 60.
I see the CEO title is now removed from Twitter. Hopefully, GB will now go further and fully resign from DVRG.
Why is GB still using the title of CEO on his twitter?
GB if you are still looking in ... I am lead to believe you are no longer the CEO? If so, please remove and replace.