Member Info for unhooked

"either bust or someone will buy it for a peanut "
Less than encouraging lol! So, lose-lose then?
Thanks for clarifying the debt position for me sain@vision.
On the macro, latest data suggests the residential property market is generally firming up, we're told. Surely that's a tailwind for getting a deal done?

Private equity? No interest? Is it because of the debt?

Thanks 404x. Looks like we're firmly on the road to going bust, at which point the brand or something of value will get sold and we shareholders will be wiped out. Every day that passes without news brings us a day closer to that outcome.

He's certainly on it - over 800 posts since he joined lse a month ago.
Thinks he's being influential, but he's just being irritating.
Takes all sorts I suppose.

... below 6p this morning.
We desperately need something to happen - and soon -but does anyone really think we'll be bid for? Strike have withdrawn, so who else might conceivably be interested?
Any opinions out there? Trying to come up with reasons for holding onto this share...

Blimey, this is the Verici board EarlofAim!

Hopefully you're right, BlueRaphus, that the possibility with AWE is remote.
Appreciate everyone's comments.

Interesting. I get that Barcap, but in this case you still have your shares - no one's forcing you to sell or are formally offering to buy - so it's not actually taking the company private at a knockdown price, it's just taking the company private.
Then PIs panic when the RNS comes through - they don't want to hold shares in an unlisted company - and they decide of their own volition to sell at any price they can get. Clearly those who buy up those shares do benefit - they do indeed get hold of cheap shares in a decent company as you say - but presume directors/insiders wouldn't be among them as imagine they'd be prohibited.
Anyway, best not to worry about things I don't fully understand.

It's not criminal to delist BlueRaphus, not if you reach the magical 75% approval, as far as I understand. After all, no-one's forcing shareholders to sell their shares - they still have value even if they're harder to trade.
If they could persuade, whatever it is, 16% of institutional investors that they can grow the business faster and make their shares more valuable long-term if taken private, then, who knows? Lots of talk about UK public markets not rewarding operational progress correctly in the share price... could this be a case in point with AWE? And institutional investors would find it much easier than PIs to do deals to trade their shares and would generally be less intimidated by the process of delisting too.
Anyway, not wanting to be in any way definitive about this - it's somewhat outside my expertise - but just to invite comments. It is a growing phenomenon though, so I'm sure I'm not the only one to have had similar worries.

Manipulation designed to lower expectations. Lot's of shaky punters out there, not to mention day traders & shorters, because - let's face it - THG has become a total meme stock.
One can try to play that, but it's a bit random.

iEnergizer did it last week. A decent sized company of £500m market cap, growing revenue, profits, cash and dividends... shareholders feeling pretty happy with life and then, whoops, 7.00 am on 21/4/23 they RNS a proposed delist and cancellation of shares on AIM and the share price craters to the extent that within 2 days PIs were essentially wiped out.. Founder had a controlling interest - therefore apparently nothing criminally untoward.
That event (and there have been others) has certainly made me nervous! It sent me scurrying off to check shareholder concentrations in my other stocks.
Strong stomach required to invest in UK small caps these days.

What about the notion that they might delist? With the director's concentrated holding that BlueRaphus reminds us of, they could reach the magical 75% approval to achieve it. Lot's of this happening recently, albeit on AIM. Seems to be a way of getting the company cheap and shafting PIs in the process.
Anyone have a view on this?

Who knows but it could be manipulation. Get the sp down so when a bid comes in at least it will be at a meaningful premium and therefore be more likely to succeed? I think it's called 'softening up the punters'.

Now 25% down and gone into auction...

The overwhelming message is that they are just about managing ok through difficult conditions.
As has been so often the case with companies recently, it's all about revenue - not a word on margins, profitability, or cash generation. We are not fooled.

It's going to be fun when the suspension gets lifted next Friday. Or not...

No worries BlueRaphus, the suspension has generated a bit of interest here.
Btw, totally agree that temporary suspensions due to auditing are an increasingly regular occurrence. Auditors are short-staffed and under lots of regulatory pressure.

I shall fail your test Barcap, but I'm going to believe you.
I still think your interest on this board is one way or another to make money if you get a chance and that's ok with me.
Keep posting civilly, as you do, and well done for raising the charity money.
(P.S. but if you don't mind, I'll continue calling you Barcap and not Joan!!)

Indeed not on AIM, BlueRaphus, as pointed out and acknowledged. Please read the thread (scroll down to Friday 28/4).

To be clear, I am a holder - a dissatisfied one.