Good point AH. Last pronouncement from ARS was that everything was proceeding according to plan, except we don’t know what the plan is. The last date I remember was the 90 day exclusivity period for DOID and that expired in February, it’s been extended indefinitely, which is my idea of a deadline.
Nothing they could tell us? That's the feeblest defence of a company I've ever read on LSE. I don't have a vendetta against Manini, but I do think he's a complete incompetent.
In Nov 2021, ARS granted DOID an exclusivity period of "up to 90 days" with a strong implication that as things were well advanced, that full period might not be required. Towards the end of the 90 days, ARS announced an extension to the exclusivity period, but could not confirm the length of the extension but would give details as soon as it was in a position to do so.
Incredibly, we're now at the end of May and no update has been issued, but by default, the extension period is longer than the initial 90 days. It's a Manini masterstroke, we're well used to him missing every (self-imposed) deadline, so now he's given up on deadlines altogether and apologists like you limply suggest maybe he hasn't got anything to tell us.
Dartron,
Classy! Hoping ARS is my only holding. Deary me, how insecure must you be if me losing money would make you feel good. I have a mixed bag of shares, some are doing well, I don’t choose to live my life on a public forum and tell people how clever I am.
I didn’t know you could look at people’s profiles, it’s quite illuminating. Your usual persona is asking for guidance in a sycophantic, here to learn (sir) way whereas on here you felt a bit more confident until challenged and your natural insecurity turned up.
Despite your unpleasantness, I wish you luck in your share dealing endeavours and that you make lots of Internet friends.
I love these message boards!
Dartron arrives out of the blue, posts a couple of times, takes the hump and says he won’t be sharing his “insight” anymore. Since then, he’s carried on sharing his “insight”, part of which involved selling ARS at a loss. Not exactly Warren Buffet is he?
There are apparently shares where it’s easy to make money, but Mystic Dartron hasn’t told us what any of these dead cert shares are, keeping his “insight” to himself as previously promised.
Dartron,
I reckon talking about your “insight” is dick waving in its own right, even though you’re saying you won’t be sharing your “insights” on this board.
I’ve had a quick look at what you’ve posted elsewhere and I’m sure we’ll cope in our echo chamber without your wisdom, which seems to amount to you telling anybody who’ll listen how clever you are. You’re very sensitive for one so blessed.
Dartron,
The 90 day exclusivity period was announced on 3rd Nov, over two weeks after DOID announced their coal deal, so that excuse has no validity.
The exclusivity RNS said that discussions were well advanced and s mentioned “up to 90 days”. When the 90 days were up, we got the excuse of Australian holidays as well as Covid.
Since then, we’ve had four weeks of complete silence, which shows complete contempt for shareholders and the silence isn’t about an announcement of a deal, but not telling shareholders how much more time they need to do one.
I can only imagine you can’t have been in ARS for long, otherwise you’d know the way TM operates, which involves missing every self-imposed deadline and now abandoning deadlines altogether.
It’s a message board, it changes nothing, it’s an exchange of views. I’ve never been involved in such deals, I bow to your greater experience.
However, I maintain that there is no need for uncertainty about what “up to 90 days means”. All doubt could be removed by stating the expiry date. As it is, we run the risk of Manini complaining again about impatient shareholders when he set the deadline.
I hope you’re right about a deal happening, although we thought that about Aeturnum and look how that ended. My own speculation is that DOID are likely to drive a hard bargain and could end up picking all of ARS on the cheap. As long as it’s more than 5.5p, I won’t be out of pocket, still a shocking result after 6 years of impatience.
How very dare you! My working life was spent entirely in the private sector and my Yorkshire heritage means I have a built in instinct for value for money, which doesn’t always mean cheap. I feel sure the Halstead family, despite being Lancastrians, feel the same.
Your accusation of money wasting (despite having no idea of the cost or apparently the reasons for doing the bonus issue) seemed churlish to me. It ignores the fact that the family interests are aligned to yours and mine and I trust them to run the company wisely, via the BOD. After all, they have been doing exactly that for 40+ years and have turned a small NW company into a global supplier, valued at £1 billion plus. No apologies for cheerleading.
As for ian67 and his own lack of understanding, on 13th Jan, the day before the bonus issue, the JHD closing price was 578p (so 289p post bonus) not 550p, perhaps they didn’t do reading at his school. The closing price on 14th Jan was 298p, so an increase. There would be no reason that the bonus issue itself would affect the price in any way, so his happiness at the share price holding up is based on nothing.
As for trading JHD to make a few bucks, good luck with that strategy on a share with a P/E over 30, you might get lucky, it wouldn’t be top of my list of shares to trade. It is top of my list of shares to hold, though a more generous dividend would be welcome, they’re cautious about that aspect of the business.
Dartron,
The 3rd Nov RNS said “up to 90 days” which would mean Mon 31st, not sure why the need for an arbitrary date later than that. Previous experience suggests ARS will miss it anyway, they have form, then Tony gets mardy with impatient shareholders who expect him to stick to his self imposed deadlines.
Are you pair as ill-informed on any other shares you own or does JHD get special treatment?
The share price halved when the bonus shares were issued, unsure how you could have missed that.
I reckon most shareholders take a fairly positive view of the way JHD has been run for the last 40 years or so and probably don’t spend too much time worrying about the insignificant cost to a £250 million pound business of issuing a few share certificates or when they’ll drop through the letterbox.
Mondex,
Not sure about your maths there. $150mm/1.937 billion shares = 8c, not 8p
Several years ago, Tony Manini talked about making ARS a billion dollar business, laughable though that now seems. However, the assets have got bigger, would he really have to accept 8c, however badly he’s managed the business?
The DOID announcement was 3rd Nov, so there’s 18 days left of the 90. I’m not holding my breath that it’ll happen to that timescale, it would be an ARS first.
Mine are now showing on my ii account.
They make really good chocolate, I can see why you’d be excited swazers……
Sorry, auto corrected Manini, not to be confused with the Italian football manager or the late bandleader of that same name. Or indeed Terry Mancini, bald centre half of the sixties.
Yes, 8 weeks ago, the great Mancini said the permit was due in 4-6 weeks, so we should be getting that news the week before last at the very latest. Hope this helps ??
Compass Wars,
Can you point to anybody on here who thought no fund raise would be necessary, I doubt there are many if any at all.
Having identified those, can you point out where those same people now think it’s a good thing, I doubt there are any who fall into both categories.
Personally, it seemed inevitable to me that cash was running out, and any raise could have been much worse.
As long as you’re not on the other side marmaris ??
Blimey, is that supposed to offer reassurance, what with its feeble statements and errors?
Hardly, JPM sold out at a huge loss which was a big red flag for some, sadly not for me, I ignored it ??