Member Info for TraderJones

Trouble with this is mainly perception, the market still sees this as a food and beverage company.

They are in the process of selling off all pure F&B assets and all hotels with less than 50 bedrooms. They are moving, at pace, to a pure hotel play where the margins are much higher. Don't forget, this is a CEO with heavy expertise in travel & tourism.

Debt is a bit of an issue & I don't like the sale and leasebacks that they are doing - but possibly all necessary for the transition to a more profitable hotel company before us.

Nope QuickQuick, you had to be holding yesterday until market close.

That is why we have seen a drop, people have now banked the dividend and are selling up.

Ikr, especilly as the share had already gone ex-divi. Outrageous to present this offer as 49.4p, a downright mistruth.

48.56p is the offer

Just received the corporate action notification throgh, stock to be de-listed 13th Feb.

Thanks Guys. It goes ex divi on 9th Feb so I suppose it depends how fast the deal happens.

Might be a silly question but does someone more erudite than myself know if the 3.50 figure is net or gross of what shareholders will receive? i.e. will there be any costs taken out or will £3.50 per share be distributed?

What a real sad situation. This company had such promise but due to poor mgmt has failed to realise it's potential. At their peak they were sat on tens of millions of dollars of BTC, and instead of liquidating some they chose to raise funds through dollar loans and multiple dilutions of shareholder capital. Poor desicion makin - forget crypto, ARB had potnetial to dominate the future of blockchain on all fronts but sadly it looks like the end of the road.

Disclosure forms continue to pile in - it looks like the takeover at 3.50 is almost certainly going ahead, offering a clear 10% upside on current SP. Even with the 'risk' of it not going ahead, K3c looks cheap & continues to perform well.

Am I missing something?

May be a silly question ...... but can anyone explain todays strange spike? Seems to have shot up 20% to 545 based on a buy at this price, then jumped back down after a buy at 454. Implies someone bought at a 20% premium?

Could well be a tree shake.... I hope so. The company primarily services gas boilers & the like in social housing, maybe market spooked by the gov't's new wave austerity?

Sharkz, you must have missed the contract update in Aug....

In complete nose-dive at the moment. Did these guys have contracts with the energy companies that went bump recently, or has the market got this wrong?

A rather confusingly worded update. Seems to suggest there is an extra £13m in revenue being pushed into next year?

During the period, existing system contract customers made cash payments of £13 million per agreed project payment schedules, with a further £5.7 million due in the coming year. However, because of Covid lockdown related implementation delays, no invoice milestones were completed and thus no revenues recognised during the year.

SRT contract news? More chance of a spare biscuit at weight watchers.

Still waiting for a trading update on this one. 10th March last year.

Fairly decent results today given the situation. I think you have to remember, a lot of european banks have not recovered price since COVID hit last March. Its going to be a slow burn.

Yes, that's always the worry. There's always the chance that ST made the announcement to buck the downward trend & if so it's worked a treat. Still expecting a drop when results are published, happy to be proved wrong.

Looks like you were right Truro. Any real content is this just a dead cat bounce?

So it's a month on from my last comment & still no news. I have to agree with posters here, the accounts will not make pretty reading - I am out for now, but may 'risk it for a biscuit' and buy in if SP drops significantly on annual announcement. Following.

Share Issue to DPN LLC of New York equates to roughly 4% dillution (with current Market Cap). They don't specify how many more will be issued as the deposit for credit facility.

They're still cracking on with the Phillipines project plus continue work to secure the Middle East projects. I see no reason why we shouldn't get news regarding the above soon, with healthy results to follow. Sluggish progress due to COVID, but patience is a virte. For now I'm holding.