Member Info for Strongman

39.81 v 39.95 vry tight spread now, you could be right, it will be fumes only either way. Singer and Finncap have the order split, once both declare to Liontrust, it will be 0 holding tr-1 imo.

11 x 25k buys so far, looks like someone is taking advantage of the fall, but not wanting to go in higher size in order to not spook the ask price.

Bid side now building back.

It is a pain to watch, but its flushing the seller out the book.

Seller, could be the last chunk though.

2050Capital

Great idea, and I have sent Tim Sykes an email just now.

I have had a excellent reply to a email I sent to the ceo. I have been informed I should not share it, as the ceo is worried any email can be altered or edited along the way. This I agree on, so will just share a broad summary here.

I asked the implications of the no growth statement on profits/revenue. I have been told that the range of expectations are - range of expectations averages at approximately £55m of revenue and £16m EBITDA. This is ahead of 2018 on revenue (2018: £52m) and marginally behind on EBITDA (2018: £17m).

Therefore that finally puts to bed the de-rampers statements that this is a profit warning, it is no such thing, it is a growth warning. We are actually ahead of 2018 revenue for 2019 so far.

There is no present intention of the company going to markets for a funding round. It is not in breach of any covenants, and does not require any cash is the simple answer.

'' Company enjoys a strong and supportive relationship with its bank, HSBC, who has just signed an additional facility of £20m to support a specific product within the Group's prospective growth plans.''

Finally:

''The Board is heavily aligned with shareholders as all, except the most recent NED addition, have substantial parts of their personal wealth invested in the share price. All of the Chairman, the CEO and the new NED have purchased shares in the aftermath. We are working incredibly hard with investors to promote stability and demand to cover the selling activity of certain investors. We are also working excruciatingly hard within our business to deliver the changes required to return the group as a whole to the qualities that it has in its UK and Dutch businesses.''

Nothing market sensitive given or received here, but it seems that this seller is are only problem here and nothing else. Very pleased I purchased more today, and may now increase the core holding once more tomorrow.

Hopefully so, waiting for delayed shows, which may even be printed tomorrow. Possible they are on a schedule with finncap to shift 2.5m a day. 2.5m shifted Friday and same yesterday, so if they managed to do the same today, then that clearly leaves the last batch to flush out tomorrow, and we are finished.

Going through yesterdays trades and picking up the 500k, 250k and 125k delayed sells, there are around 2.5m in total sold yesterday. This would put them at 5m left before today. Question is how many have they shifted today.

Any large sell will be printed around 5pm as they close the book. Although if they are pushing the whole order through, they may do it at the end of completion.

It is a temporary event either way, more of an annoyance at this stage, but once done we will see a whole different book here. All charts and tech's point to a huge gap fill, just need the seller to finish off then we are go.

My thoughts as well, if they are then a tr-1 from a buyer would be very supportive at this price.

Wonder if this is Artemis averaging down, by increasing stock down here (250k load buyer). Four yesterday as well, no pi with half a million pounds surely.

250k buyer is back

No delays showing so far, looks like a after market close disclosure on whatever size they are putting through today, lets hope its a big one.

1 v 1 on positions of the top two market makers. Live prices are 42.20 v 42.50

42.50 ask getting peppered though, could be turn point.

Got the last of my core holding at 42.50, that is me now in position for the rebound.

They sold around 2.2m to 3m yesterday by my workings.

They are working it in the back ground (FCAP) will show as delayed later.

Expect a TR-1 at some point today.

Many thanks for your earlier email. Tim Sykes apologises for not responding to you direct and has asked me to reply to you on his behalf.



We acknowledge the point that you make regarding the Liontrust TR-1 holding, however, we are not able to confirm that the information is wrong, as we do not have sight of all the trades that take place.



It is indeed Liontrust’s obligation to send the TR-1 and we have asked them to do this through our broker.



Kind Regards



Penny



Penny Godfrey

Group Marketing Director