Member Info for TheNavigator

Email returned on this address too: investor.relations@mccolls.co.uk
It's the correct address as stated on the McColls corporate website....
Who else is interested in contacting the board and the major share holders about this misalignment between shareholder value and management?

Please note :
My email has come back as undelivered on the following address:
investors.relations@mccolls.co.uk

i too have emailed my post to investors.relations@mccolls.co.uk
We little people can get together can shine light on these shady practices.
Getting the key major shareholders on board would be worthwhile and lets see what can be done at McColls...

Morning all,

Can someone please post contact details for the CEO and major shareholders so that private investors can express their objections to these artificial, immoral schemes in total disregard for shareholder value, which has been in a steep decline for the past 4years.

The reward should come when they make the pie bigger.....They should not be taking an extra slice when the pie has shrunk dramatically! ...

As I see it, the key shareholders fell asleep on their watch and didn't exercise the necessary levers to cut out some of the dead wood and also failed to prevent the birth of these immoral schemes!

The ship has been run aground by this dim wit management and surely it's time for a new CEO!

All management office doors should have sign that reads why they are being paid to work at McColls:
" You are turning up to work to discharge you management duties and to plan for the long-term"
" You are not turning up for work to be rewarded for failure"

GLA

Typos should read.... "corporate" ..." being paid handsomely....."

It is not about how much I nor anyone else has lost in their investment holdings.

It is about how these shameful schemes are designed to reward directors/management when the ship has been sinking for the past 4 years! There is injustice going on and the the key shareholders have the ability to put a stop to this kind of bad co-operate behaviour.

Warren Buffet has some pretty strong views on management that bleed a business dry in this way!!

They are already been handsomely for "Discharging Managerial Responsibilities" and their job is to have "Long Term Plans"

Rewards to management must ONLY emanate from the increased profitability and growth that leads to increased shareholder value.

GLA

It is disgraceful that this old guard of a management are rewarding themselves, through ridiculous schemes. The business reality is that since 2017 the share price has declined by 94% from 300 down to 18. The profitability of the business is pitiful !!!

The management is carrying out daylight robbery. Where are the regulatory authorities when you need them?

Disgusted by the slimy irrelevant schemes to enrich themselves at the expense of the shareholders particularly at this juncture when a turnaround is possible through the refit..which has been sped up by a very poorly orchestrated fund raise and dilution!

There is good cause for major shareholders to come down like a ton of bricks on this board who on their watch have allowed the business to fall so far. They should be replaced not rewarded!

Rewards to management must only emanate come from increased profitability and growth providing increased shareholder value.

I for one would sign up with anyone wanting to set-up an action group opposed to this nonsense.

GLA

In addition to the massive Waitrose factor, I think another catalytic element may also be at work...
"Famed investment strategist Lyn Alden has predicted bitcoin will hit $100,000 as soon as next year. "

If only there was an Alden's store, I would definitely do my weekly shop there!

A lot of outlandish and rubbish analysis Bitcoin projections out there, but Alden is on the money IMHO.
If QBT can execute reasonably well, then the backdrop shaping up for a great share price.
As Buzz Lightyear would say ..."to Infinity and beyond"

GLA

This is what Mark Watson-Mitchell had to say about the recent affair...
"What a total shambles. That was my reaction to this group’s announcements and funding last week.....
The lack of corporate control on the prior information proved disastrous for the convenience stores group’s shareholders."

New CEO and some serious shake-out of the management is required to capitalise on the convenience shopping demographic .....they appear way behind the times.
Look at Amazon disrupting the convenience store model with the Amazon Fresh...now the other big players are looking to learn and catch-up!

A very stale management at the helm -- big changes required to accelerate the turn-around...time to get rid of some dead wood!!!

GLA

Board has become a waste of time...it has become clogged with personal squabbles!!!
Most require filtering but I can't be bothered!!

GLA genuine investors

If pasty Pete is so bad as a CEO...why have the key share holders not pushed the eject button?

GLA.

Accipiter, No Basel was not factored in..but I would imagine, timing of the relative events will be key to whether or not the expected low is achieved....timing will be the final arbitrator!
GLA

I agree that the fundamental backdrop for a secular gold bull market are in place.
However, a potential major setback could be on the cards according to Marin Katusa of the Katusa Research Organisation. He illustrated a very strong correlation between the Gold price verses the real return on US 10 Year bonds, which suggests price decline ahead.
For what it is worth, using technical analysis I have a price range target of $1595-1520, which was not met the last low 1673 on 8 Mar 21. Also, I don't think we have seen a major doom and gloom sentiment since the 08/2020 top, invariably such a sentiment appears at the low after a major decline from a top. It is just the way crowd psychology works in markets!

The above is merely for my amusement and not in any shape investment advice, please DYOR!
GLA

Lee,
I agree with your view on PI selling-buying balance and your longer-term outlook.
IMHO the gold chart is still looking bearish, I still see a major bottoming out in the gold near the $1550 area.
A slide towards that projection will shift PI sentiment to bearish and result in temporary slide in the SP.
Should that happen it will be a MAJOR buying OPPORTUNITY, and I will be adding to my holding!
Please note the above is simply crystal ball gazing on my part and not in any way investment advice.
GLA
The Naviagtor

From a technical analysis point of view, time is the joker in the pack and all so elusive and nigh on impossible to pin down!!
Fortunately, price projections can offer some reliability to hang your hat.

I thought the final tree shake was unfolding when I posted 30 Mar 2021 17:52.
The market decided otherwise and a strong corrective rally took place putting my final price low projection back into the long grass!

The price projection from 31 Dec 2020 18:22 is still "ON"...however, I made a small revision to the downside in my post 26 Feb 2021 20:13. I am still anticipating a low in the region of $1550/oz.

MTL with debts to clear and those investor slippery hands could lead to further fallback in the sp.
As an investor with sticky hands, you don't need a crystal ball to guess what I will be doing when that time arrives....

Still waiting for Directors/management to put some skin into the game.
Have no idea what underlying restrictions keeps them on the sidelines.

Please DYOR and the above is simply my personal crystal ball gazing and not meant to be taken as investment advice.
Also worth remembering: "Those that engage in crystal ball gazing are often doomed to eating glass :)

GLA
Navigator

Carefree - well made points!
My phrase "given his intimate insight on it's future" was a bit clumsy...I simply meant he invest on the basis of the knowledge in the public domain as provided in today's RNS.
Management and Directors are routinely investing in their companies as shown in "Directors Deals" , which in my understanding aligns their interest with the general investors. A criteria that Rick Rule looks for in his natural resource investments.
IMHO the previous director buys did not help the SP because MTL was badly run and in financial dire straights!
I think it would be a different this time around and would lead to a surge of confidence among existing investors and new spark investor interest in MTL.

I'm here like Lee et al for the long-term and waiting for the lower end of like valuations provided by Les.

Thanks for your thoughts Lee!
I don't think ethics would be an issue if executed within the compliance framework
Did he hold share in his previous CEO role over in Colombia?
He should be prepared to invest on the potential outcome for MTL given his intimate insight on its future and also to inject a big dose of confidence in to the market place. I for one like to see the CEO to have a significant amount of skin in the game.
If the next several years unfold in the way you say than the SP will get to where we all want anyway!
Very puzzling for me too!!
Is time to nudge the CEO into putting some skin in the game to boost investor moral?

Carefree & Lee thank you for the super numbers..very helpful for a realistic perspective on the debt time line!
But why or why is the CEO not buying stock...are there restrictions because of compliance issues?

GLA

Why are the BOD not buying at this great price level?
It would be good to see their skin in the game in a fairly significant way.
Thanks in advance to anyone that can provide some insight!

GLA

It looks like we are heading for the lower end of my projection on the 26/2/21.
$1550 is the ideal spot for me as a reasonable target!
However, I would not be surprised if the price spiked lower to 1450 to flush out weak hands...then a major turn in the tide with an upside minimum of $2400!

Once that corrective low is set then gold price and operational improvements at MTL will be aligned and pointing north!
The double whammy will produce the results in the SP we have all been looking over the next couple of years ....Hold tight guys I think the final shake of the tree is very near!

Why are the Directors are not investing at this time is puzzling!

Please DYOR and my personal views are not meant to be taken as investment advice!

GLA LTH's