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A 20% drop suggests someone in the market has got spooked.

"Cheap but cheap for a reason".

Early on in his investment career, Charlie Munger persuaded Buffet to up the quality in the companies he invested in - an approach royally vindicated over the ensuing decades. Reach would not have passed muster.

It's a reasonable point. Problem is, hatchet job or not, these rumours/articles do nothing for general sentiment around the co. and only serve to further distress the sp.

A bad news day for WPP. Talent leaving and now rumours of major clients looking elsewhere.

https://www.thisismoney.co.uk/money/markets/article-15451763/WPP-dealt-blow-clients-sound-rivals.html

Citi Bank gives WPP a PT of 365p. Disappointing.

From £17.30 to £5.50 in 18 months, that's a precipitous fall which I didn't see coming. I'd better stop averaging down on a share that currently is a failing position....

As I recall, the co. was spun out of a Swiss business when it first listed in the UK in Feb. 2021. I remember phoning Barclays Stockbrokers, the platform I use for my directly held shares, asking them to put the co. up on their platform, having read an analysis of the Swiss business and the rationale for spinning off the Cambridge operations to a separate UK entity. This Barclays did within days and I piled in... so I've been a shareholder pretty much from the start (of the UK listing). I banked profits on the way up (thank god), but am down badly on recent purchases. All I know is that there are serious people behind and backing this business. I'm not selling down here.

In today's news "UBS cuts Diageo price target to 1,780 (1,850) pence - 'neutral'". Today we're at a 12% discount.

"Is this company just a scam to fool and fleece PIs?"

It does look that way. I bailed out 18 months ago because I became very bearish on fundraising for these pre-profitable biotechs. Ironically, that may finally be changing, but the problem with TRLS, in my opinion, is additionally that no matter how good the tech sounds to us lay people (which we all are frankly), the fact is no-one wants it enough to pay us meaningful amounts of money to deploy it. And 'meaningful' isn't a great deal of cash in the context of such a piddling enterprise, to keep TRLS on the road without capital raises.... and yet still no-one pays this to the co.

Sales progression isn't there. Big pharma are on the prowl for cheap biotechs with promising tech to fill up the gaps in their development pipelines and yet still no-one's come in for TRLS at a market cap of < £1m. Says something.

They told a good story - they always do - but on reflection it does feel a bit scammy.

Seems there was a negative reaction - down 3% this morning. A very slow burner, PZC, but I'm not losing patience with this one, esp as I'm being paid to wait. Catalysts are there, but timing?

Bit of a nasty end to the week. Somebody wants some cash for their Xmas shopping?

But Mr Market isn't listening....

Thing is, Mr Market's often right but, occasionally, is very irrational indeed. ..which will it be??

I see this divestment as a cracking bit of business - de-risks the whole proposition of investing in KETL going forward.

Company gets back to its bread & butter, where we're at a cyclical low in kettle sales.... there's much to fight for!

...have been revised to nothing - that's to say, there will be no changes to the tax regime in any aspect unless the gold price reaches $5k per oz. Very happy with that.

Time for the co. to chuck a bit more divi money in our direction methinks.

Thanks. Bit more research has yielded an info sheet which BME published on 13/10/25, where they said "it is expected that Admission and unconditional dealings in B&M Jersey Shares will become effective after the publication of B&M Luxembourg's interim results on 13 November 2025 and prior to the end of this calendar year". Well, that didn't happen. So, next year then. Tardy!

The plot thickens. Seems BME moved from Luxembourg to Jersey in time for the latest divi to be free from withholding tax... but Barclays thought best to deduct the 15% anyway! Anyone else have this experience?

On the matter of the divi paid today, I can see 15% has been withheld. Does anyone know, will I see this 15% appear in my account in a few weeks time (like a REIT) or is this a withholding tax never to be seen again?

A nice thought, but the notion that management will be able to resist spending a cash balance in the 10's of millions is impossible to imagine (and they've already said they plan to splurge). Could be a 'sell the news' situation, let's see.

Meanwhile, back on planet earth, the ground is shifting under Manolete's feet and the company is falling through.

Oh b*gger it, I'm in for a few more at this price!

And I have the feeling bio's on the turn - seen progress already in a few shares/trusts.

Hello TargetPractise, sadly I didn't have access to the full report but only read the summary which is available on Sharecast and other news channels.