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I've never seen a share price react quite like this, even on AIM.
We have seen relentless declines - daily for 6 weeks now - with neither a TR1 published or a reason given.
All we have to go on is that trading update and the half year results which really weren't that bad and certainly not bad enough to justify a 70% drop since the start of the year.
Truly bizarre. Waiting with baited breath for some kind of explanation for this.

One would think so, for those brave and lucky enough.

No, it seems we're not there yet.
Remarkable this continual decline - now below 70p as I write.
No TR1, no known reason.

Meanwhile, back on planet earth, the share price does what it does... as I write, down 12% this morning, giving up all of yesterday's gains.

Thanks Sefton. Nonetheless, I suspect the writing is on the wall for existing management, esp in the light of today's less than stellar update.
As I've been saying for sometime now, no shareholder, institutional or otherwise, can afford to preside over this car crash for much longer.
An interesting (albeit expensive for me) case study here.

Old monica69 may have a point, lol...
All-time lows breached this afternoon.

But why is that Sefton82 - why do you think it's so difficult to remove Loosemore et al?
One presumes because the shareholder votes aren't there... so the question I'm really asking is why are the big shareholders so wedded to a management and a plan that you say "even the captain of the Titanic would have seen as a bad idea"? I don't get it. Aren't they interested in shareholder returns? Or do they view Crystal Amber as troublemakers?

Fascinating, thanks Stumpy!

Fair points banbury, but I see the the De Haan financial backstop as a good thing, removing a degree of uncertainty, and let's hope we don't need it. I think it had to be done at commercial rates.
If they can sell off the insurance underwriting side to reduce debt, I'm pinning my hope on the travel/tourism side flourishing.

I agree with spights.
I certainly wouldn't be snapping anybody's hand off for 160p - I mean it was 180p just a couple of months ago after all, and there was nothing in today's preliminaries which makes me think we can't get back up to 250p+ within a couple of years provided the macro position doesn't deteriorate markedly from here.

Followed by the inevitable Vox Markets interview with our esteemed CEO...
(not forgetting that Vox Markets are on the "sell side" of the industry and always bullish)
https://www.youtube.com/watch?v=06uMclfNN8Y

These are very acceptable results, but the market gives us no reward. I'm actually surprised the sp is still down in the 40's, let alone the 30's.... I mean, I remember selling some VLG for 48p back in Jan 2022, and the company is in much better shape today than it was then. Bizarre.
Hate AIM sometimes (well, often really).

Actually all of us have been wrong-footed here.
After the first drop to circa 130p following the trading update, I don't remember anyone predicting a continual daily decline over the next 5 weeks.
Nobody's given an explanation for it either.
We're all waiting for the TR1s.

Dropping like a stone now. Sorry guys, you can blame my purchase this morning.

I topped up anyway.
A bold contrarian move, or a glutton for punishment...?

Sticking with it has not been a winning strategy here. Where is that American company??

I'm afraid we're not.
No rhyme or reason to the continual decline....
If it is a large seller, where's the TR1?

True enough re structural headwinds, although present management have also scored a couple of own-goals. The question (as always) is how fully it's all baked into the share price.
DLAR does look cheap, but then the company has debt, a big pension deficit, corruption issues in India, a winding down in Kenya, etc, etc, and, of course, 3 profit warnings in a row....
And there's no growth plan, just a vague hope that cost cutting will raise profitability.
(P.S. I'm a shareholder, one who bought into the recovery story, and is now very underwater and very unhappy!)

Loosemore presided over massive value destruction over at Micro Focus, which was caused by the reckless acquisition of Hewlett-Packard's software business back in 2017, which Loosemore was responsible for.
Micro Focus sacked him in 2020, so he was effectively jobless and available when DLAR sacked the previous chairman and, in their infinite wisdom, chose him.
Now he's presided over this much lauded 3 year recovery plan, which has turned out to be a shambles.
Loosemore's record is a losing one - it has "value destroyer" written all over it.

Crystal Amber having another go at shaking up the BOD - requisitions an AGM to replace Chairman Loosemore.
Indeed something needs doing to stop this slow-motion car crash.