Member Info for threeputt

well it could be worse for them, they could always be fighting for their country for 4 and 6 years like our ancestors had to while living off rations.

Fortunately i'm not in but this really is odd to say the least ! It's almost like it's planned

I think the market has been pricing this into the sp from the interims and why I originally delayed buying in:

"Despite the strong start to 2020, the second half will not be without its challenges. As alluded to above, the inability to write new insurance sales during lockdown will impact premiums in H2 2020 and 2021 in the insurance business"

All priced in now imo, I bought in today

Loving the Freudian slip there, I think you mean "inflection point", 'reflection point' is where all the long term holders are probably at

Surprised all those sellers giving up at 7.10 on a 10% spread when it's pretty obvious the market is taking them. I think they will regret that in time

I'm not in and only had a brief look through the trading update, one line was enough to sway me though - "we expect to turn cash flow positive at some point during H2 2021", what sort of cash flow projection forecast is that fgs ?

sorry meant 12p in that last waffle, not 2p, didnt aim to upset anyone.
(note to self - always proof read)

That's your call Redmen, just saying I've learnt from experience that there's normally a reason coming for a steep fall. It all depends at what discount they raise (if indeed they do), and whether it reaches that price (normally does), could raise at 2p for all I know, just watching for a potential turnaround having sold out waaay too early, a decent fundraise would assist that turnaround imo

MyMred, if you#re new to this share dealing lark be aware that it really isn't this easy all the time, most of the time it's damn hard, right now in the last month you could have bought any shares and made a decent profit. If you're thinking you can make an easy living out of shares think again. Just saying.

ffs did I really type that ? try again
looks to be heading for a fundraise at 10p, they do need it though to repair the balance sheet

yep looks to be gading for a dundraise at 10p, they do need it though to repiar the balance sheet. What you guys should really be annoyed about are the sellers in the know, it's basically illegal

Link didn't work for me unfortunately

But looking at the interims again they're only interested in 'safe' contracts, ie without risk, and they're seeing less likelihood of contracts in office space when employees are more likely to work from home in the future. Not sure why they're listed tbh

I'm partially in agreement with Alb1, yes the past hasnt worked out well hence all the bitter ex holders who it also hasnt worked out well for. The future may not go well either but for new holders it may look bright without the past to look back on.
Covid has decimated passenger numbers at Lunghi, what were they supposed to do to create revenue and cash in the meantime, haul passengers onto planes ffs ? thats about £2.5m or thereabouts of cash they've not had access to ? They're a security company so sanitiser sales were just an extra finger in the dam when they needed a full fist, Tema added another finger to help plug but the disastrous convertible loan idea dreamed up before covid hit ended up opening up yet another big hole in the dam.
The only way to start afresh and survive was to remove the debt and get some cash in to the coffers until passenger numbers increased, unfortunately it's been at a steep discount, probably the only way out. And as for the supposed short squeeze if voting down the resolutions I've yet to see a share where that ended well for pi's either
Yes PF you've made so many terrible decisions, it's time for you to start turning this company around, some huge buying by you and your directors into the placing would give us an indication that you are on the side of the shareholders

Tom, 2,4,6,8 ain't never too late
well we can hope
see what I did there lol
It's not you Tom Robinson is it ?

Am I the only one here who is seeing this as a kitchen sink job, can understand holders who held all the way down feeling there is no way they will ever escape with a profit and that is understandable and probably true. I sold my majority years ago and traded since to recover those losses, so my fresh average is around 6 and I can see a good profit on that over the long term.
It was pretty obvious that without income from Lunghi that they would be short of cash (forget sanitiser income, that was never going to amount to much imo) , Tema has probably helped and will continue to do so and increase as will increased income from Lunghi as flight income increases. They entered the YA/Riverfort deal with the intention of removing debt but then Covid scuppered that idea, they have now got their wish of removing debt but with the outcome of huge dilution, must admit thought they would pump it above 10 first to get the placing away but hey.
With Tema increasing, Lunghi recovering, and any bits and bobs they can pick up in tech as the world recovers they WILL be close to break even cash imo, a new msc would be a huge boon even at a low margin & who knows maybe some of those ii's in the placing will be sticky.

Call me a fool but I'm bullish long term

Not all bad, support at 5 looks good to me

Opportunity knocks imo
Added

Mcap is not a joke, you're ignoring the £56m pension deficit

depends which low you're talking about, low might be in for today but probably lower in the next few days, personally I'm steering clear