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Been going on since forever.
Sentencing here hardly a detterent so it will continue. Once upon a time 'Breach of Trust' crimes such as this would have carried an almost certain jail sentence, not any more.
Nm.
Wrong on the strike issue - early 70's asians came out on strike against the Imperial Typeriter Company in Leicester. Effectively finished ITC and both huge sites in Leicester and Hull were shut by 1974 putting a couple of 1000 people out of work.
NOFEAR - You spreading the love here? Do not neglect CPI now you have gone long.
I went £220k long here a month ago here. Sell target £2.25.
Having sold up here at well over a pound after the last 'bid' offer and in spite of my better judgement and strong reservations around MM I have grabbed 20k as an initial stake.
As always it needs to fall 10p further before I repeat the process - lets hope it does not go back to 30p or at least does it in stages.
The form book says this will do something surprising to the upside around now - genius strategy? No. Bit of a gamble - yes.
No doubt an II's is selling here, no other explanation for the continued fall.
Hoped we would not see 12p (obv's) but on the back of the last numbers frankly expected it.
I fail to see how this is not on a predators radar right now.
@Nofear - You have been taken out of the sin bin.
How long for? Thats up to you old chum.
@passingthru That is the truth and those folk know it. Very difficult to manage but JL had five years and acheived very little.
Is it all too much too little too late? It might just be and thats the reason for us falling.
Do I wish I had sold at 20p? Hell yeas.
@Garydav2 - I take with a huge pinch of salt directors buys - in truth our dear JL's has put some poke in CPI in the past, other companies sometimes before they go under have mad director purchases - Connought being one I recall clearly - £500k from the top man. Bust 4 months later IIRC.
Even the great Mike Ashley has put large sums into stuff that folds - I do not mean anything recent which is just a form of 'prepack'.
Anyhoo a poor day, the worst since last Wednesday. When will it get better and from what base? Even I am not wanting this below 12p.
@ Jefferey' Happens - the market is not a rational beast.
The full year was poor and we are now close to where I for one thought we would be a week ago. I guess AH's buy delayed the fall.
Company is not going bust, has headroom to undertake the changes needed and new direction.
Markets do not like this sort of thing hence the current price. We have a year to get this on track by which time I think those who need to exit will go with at least 20p.
In between times stop calling the bottom and either sell up and never look back, ignore the sp or add in tranches at price points like I have.
I am still expecting 12p at some point. Single figures will be a concern as that will mean Schroders are dumping at any price.
Good luck all - me £10k and some change a point.
In my fairly long expereince it does not happen like that. The RI has been done and used to pay for some less than great buys under the old management.
Trouble is after they were sold we have nothing to show for it.
Frankly I should be a seller here, I have reflected on my buy in price points and I am taking the view to stay out or rather not add to my collection.
Your new to this Trisor?
The RI option has sailed long ago at 70p. This is the equivalent of a 'blind dog' hand in whist. Its not an AIM stock where endless dilutions keep the show on the road until pop.
If they cannot get this turned around within the time frames announced then its game over. If they can show they are back in control its possible this will recover or get taken out.
Either way its not what we were told and frankly not what most on here expected.
Agreed - the bottom here is anyones guess. I will be happy if we ever see 20p again.
@Lordy2020 My take on last Wednesday was that all the lies and spin of JL was unravelled - in effect the company has been eating itself alive to pretend its moving forward.
We are now undertaking what should have been long in place and using some of the debt headroom to do so.
How far from the expectation of last year is that? Miles away.
The kicker here will be broker downgrades or even suspension of coverage - frankly no one knows what they have here anymore - its a gamble on the new guy getting things stabilised.
I personally expected this to breach 15p last week so today is not a surprise.
No intention of adding personally, might have a few if we go sub 14p and 12p though - market clearly sees little value here - that might change but clearly not at the moment.
Gave Drive to Survive a watch and FML what does Stroller snr wear - cropped suit trousers with patent slippons all displaying a elderly ankle for good measure.
If thats the sense of the geeza in charge then AML are propper F**ked.
Separately you have to hand it to Kerenable for being on the money here, public service really protecting the gullible from the blind faith rampers on this BB. Quite why you have not considered him/her as AML's unspoken Patron Saint I have no idea likewise C3po as he is affectionately termed on here.
The deluded fella has posted over 700 times doing his level best to impersonate King Canute telling all and sundry about the hidden worth beneath the dung pile that is THG and yet...
Here we are about to drop into the 50's (again) with nothing in prospect to lift the sp beyond the furtive imagination of Mr Moulding and possibly another phantom bidder.
Suggest if the MM does revist his old play book peeps on here head for the doors and lock it shut behind them.
Irony is clearly lost on you Crafty'.
#Notsurprised
Not sure where the automation is within sales and marketing roles. Hey ho might work.
Still glad I binned this when it was comfortably over a quid. Might have a little nible when it gets back into the mid 40's - nothing brave though as personally I think something is rotten at the core of Mr Mouldings empire akin to Quindell of yore.