Member Info for StraightAIM

A lesson in how not to manage market expectations...

I think there's more fun ways to gamble £200k but each to their own.

Bizarre timing given the ongoing strategic review. Expect that it'll take at least 6 months to get the new sites fully up and running with Graphene Ads.

@PrivatePunter - Where did you read that Downing need to exit in November?

2.67p actually looks like quite an attractive outcome for equity holders given that the company is on the brink of insolvency. Suspect this'll get voted through without issue.

Thoughts with those who stuck by this management team till the bitter end - what an awful track record over the 5-6 years that I've been following this story.

Allows them to potentially buy back shares or pay a dividend.

We have an almost identical opinion.

Only difference is that I don't think the RPM reducing means less EBITDA. They have basically implied that additional verticals are lower margin, so the overall RPM is coming down but it's still additive to the total revenue (ie. They're not losing the existing profit).

It's a growing business trading at < 10x FCF while buying back a significant amount of shares.

I'd expect more selling in the next week leading up to budget, and then possibly more again if IHT relief on AIM shares gets binned.

Some funds which have a mandate for IHT relief will effectively become defunct.

Hasn't realised that a good chunk of the management teams options have a strike price of 7.88p.

Seems pretty unlikely that they'll manage to get those in the money...

But if stock levels are low and demand is the same then used car prices will rise to adjust.

Large % of TIG revenue comes from Google. They've been attempting to diversify, but this is definitely one of the reasons that it has the current valuation.

The budget drag on AIM is pretty obvious, and I imagine there could be a lot of selling in the week preceding as high net worth individuals move to lock in CGT at the current rate.

Can't see the logic myself, unless Downing didn't trigger the strategic review as we suspected they might have.

Will be interesting to see what happens next. They could afford to buy out the DSM stake with cash in the bank, but sounds like a sale is perhaps the preferred route.

In my opinion, the main drag on share price is management's difficulty in explaining how the Online Marketing segment actually makes money. They've made a concerted effort over the last year or so but it's still not entirely clear, even to me as someone who follows the company closely. I think people have a hard time trusting that the earnings are durable, with concern that Google could do something on a whim and kill the profitability overnight.

Secondary issue is the amount of earnings that are concealed by amortisation charges. This could be resolved so easily if they would just stop buying companies! I think this is the main cause of fretting that the debt is too high - it's really not particularly levered if you look at FCF rather than earnings.

Anyway, doesn't really matter much provided that you have the option to hold long term. Buybacks at less than 10x FCF (which is still organically growing) - take my money...

Not sure about timing but agree with the direction.

Great that they are hitting the BB rather than further acquisition.

Just the 35% sell off on an in line trading update...

Brutal stuff

Dropped a lot on an inline update, just shows how many short term traders were in this for the run up to earnings.

Remains very cheap on almost all metrics...

Interesting move into the close today...

Slightly wild price action. Very clumsy if institutional buying.

Wouldn't read too much into the sales - possible that he just needs liquidity to fund his lifestyle.

He bought a fair amount near the lows at ~120p