Member Info for Targa123

Thats what i've said all along, 110p is what it should go for, 4 x EBIT easily, and I wish they'd hurry up, i want to move house...

so the share price is **** because its worth 240p?

You engage auditors to do an audit, not to engage another bloody company to do it for them. This is because they want added assurance that the numbers stack up because there's a shed load of fXXX ups they've made over the last 3 years. Auditors are useless, see Enron.

Earnings were due today so mid April would be a joke.

I still reckon 110 offer. Hopefully up towards 50p tomorrow.

Did the £2.30 offer last year really equate to £1.6bn as per the FT article?

If deloittes confirm EBIT for 2024 of £200m then I'd expect 4 to 5 times that valuation takeout.

Well more importantly are we getting the results of the deloitte review tomorrow?

Not really, question remains how f###ked up is the project accounting.

Hardly, we all want to know if the Financial Directors have overvalued the company and they have to write off more project recoverability. It could be a massive write off. Forget the blinking cash not being an issue.

I can't see anyone complaining if it's a buy out at 65p or above, otherwise the recovery programme just rolls on closer and closer. Press seems to be writing this off as a car crash. Wouldn't mind seeing the Auditors of the Amec purchase sued.

Collapsing on no news. The BoD screwed up last time, same again now. And they've shown they can't run a business or recruit a Finance Director without even checking their CV. Idiots.

No news at all is really depressing.

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Yes, a company's stock price is likely to drop if it falls out of the FTSE 250 index, as tracker funds that track the index will be forced to sell their shares in that company, creating immediate selling pressure and potentially impacting the price downwards; this is because being included in a major index like the FTSE 250 often signifies a level of stability and investor confidence, so removal can be seen as a negative signal.

It will drop for being kicked out the 250, surprised people don't make the connection, tracker funds will sell.

No announcement about bid talks progress.

No announcement about loan refinance talks.

Ongoing management incompetence.

Time for a bid isn't it?

FFS wheres the bid, I need to get on with investing in other companies

So you copied, or did a poor attempt of copying, the ADVFN post, a day later ..

No point in regurgitating old out of date crap. The debt isn't 1.4bn.