Member Info for TalygarnTom

Are you sure about that?

"For the six months to 30 November 2019 (H1 FY20) Frontier recorded total revenue of £32.0 million, compared to £25.0 million recorded for the preceding half-year period (H2 FY19, the six months ended 31 May 2019) and £64.7 million for H1 FY19 (the six months ended 30 November 2018). "

Try this:
2019 H1 64.7m H2 25m
2020 H1 Estimated 32m H2 Forecast 33m-41m?

I thought for a moment it was building up to a big finale and they were going to tell us that they had both purchased shares but alas it was not to be. Just a bigger salary.

Everything still subject to change. Nothing is set in stone yet.

https://www.bloomberg.com/news/articles/2020-01-14/shipping-s-big-bang-sends-two-global-industries-spinning

97.10 https://siriusminerals.com/downloads/articles-of-association/

The company have a legal obligation to put any potential offer to shareholders.

https://twitter.com/talygarntom/status/1215199621523394560?s=20

ICI formed Cleveland Potash Ltd (CPL) in joint venture with the Anglo American group but subsequently sold its stake to Anglo American. In 2002 the “non-core” business was sold to ICL Fertilizers, a division of Israel.

http://www.icl-uk.uk/

It's only a long term hold if the EPS go up in consecutive years.

The EPS will fall for the third consecutive year in 2020 to 6.2c per share (est) from 15c per share in 2017. That's taking into account the millions of dollars they squandered on the share buy back which, try not to laugh, management claimed was undervalued at 80p. So to summarise , for Christmas, our glorious new CEO has just given us the wonderful prospect next year of revenue down, ebitda down, adj PBT down and the dividend p/s down. The only thing that goes up is the adjusted p/e to around x12.4. All for the glorious prospect of some vague promise of jam tomorrow.

I'm sorry but I've never read such a wishy-washy load of rubbish in all my entire life. We had the "restructuring" RNS in Feb 19, That also crashed the share price. You can only restructure for so long.
It's about time management stop playing "guess what were up to" and started giving us some factual information along the lines of "this is what we have done" and "this is the benefit to shareholders."

Good luck with your cash ISA!

I would have thought it almost inconceivable that they didn't agree on an overall business plan with specific operational objectives before Biyani agreed to make the investment. The problem is that the structure of the funding , with HT Media etc. is such that it is not allowing them line of sight to profitability. The need a comprehensive funding solution not a band aid.

I think Black Diamond makes some very good points, especially with regard to the current cash burn rate. Biyani , by his own admission, doesn't understand the online sector as well as he would like to but he is nobody's fool and he is smart enough to recognise the seriousness of the threat. The question he is probably trying to answer is how quickly the transition will take place. Many of us here have seen, and benefited, from the rapid rise in the likes of ASOS and Boohoo and we know just how quickly these types of businesses can grow once they are established. Operating costs and consumer spending power are very different in India so a sustainable model still has to be proven. But with Wal Mart and Amazon vying for the Indian market he needs to learn fast, that is where Alli, Amin and Turner can add a lot of value and experience.

https://splash247.com/europe-to-regulate-emissions-trading-for-shipping/

https://twitter.com/proactive_uk/status/1200380143354728449?s=21

https://youtu.be/k20Fd6eEhVY

Just to spell this out:

"no Indian company (FLFL) can acquire stake in an offshore company (Koovs Plc) which has investments in an Indian entity (Marble E-retail Private Limited)"

Marble being Koovs trading entity in India.

I think you have to be careful not to jump the gun and assume too much. This article, dated Sept 18 2019, clearly lays out the issue. The problem looks genuine.

https://economictimes.indiatimes.com/news/company/corporate-trends/overseas-direct-investment-stance-of-rbi-stumps-companies/articleshow/71176878.cms

"An observation by the Reserve Bank of India (RBI) may change, and even derail, overseas direct investment (ODI) plans of many corporates. According to a set of ‘frequently asked questions’ on ODI released by the regulator a few months ago, no Indian company can acquire stake in an offshore company which has investments in an Indian entity.This will apply even if an Indian company buys an insignificant stake in an overseas company which in turn holds or picks a minority interest in another Indian company."

Just look at the Q&I here: https://m.rbi.org.in/Scripts/FAQView.aspx?Id=32

I should add, subject to RBI not allowing the investment, this would need to be done via an alternative investment vehicle of some form.

My understanding is that Koovs was originally formed in 2009 as an Indian version of Groupon. Where the name came from is anyone's guess.

I have absolutely no idea but as I said previously, my view would be to give Biyani a larger stake, up to 50%, in return for the agreed investment now and an additional investment to see the business through to profitability. And if I was Biyani I would ask for the same plus an agreement on a buyout price to buy Alli's remaining shares. That way Biyani will get what he ultimately wants, full control, and investors can recover their investment to date.