Next year they aren’t opening that many owned rooms, it’s the year after it really grows again. With franchised they highlight some might not even happen in Iran, Dubai etc.
Divi policy under review as they wish to grow but bare in mind the bod now own no shares, divi to them is worthless and they will be expecting a higher salary which stellios can vote against!
They are somewhat trapped at the moment, growing the business but not putting more money in as it’s not all there’s, directors that won’t be seeing their greater pay days as yet and a divi policy to starve investors out.
Neither can they buy shares on the open market I don’t think above 95p and it’s now trading at £1.02 but when you sell first offer is for 95p which will be them trying to hoover up. Maybe after full results published it will show a direction but stellios will want serious cash to sell I imagine
This company has far from realises any potential and there will be many more low sp days to buy in before it realises value or not. With aim and startups I have learnt more and more to wait it out until it’s making money and broke even in its own right
They’ll have followed legal law whether you like it or not I’m afraid. That maybe far different from expectations however they only need to do the minimum. The independent/new ceo will demonstrate decisions made by him, previous bod sit on side lines doing nothing wrong but demonstrate they can continue the business as a going concern and buy out for a fraction with less debt. This isn’t unusual nor alien to many businesses and the risk increased by literally being so far away in different legal jurisdictions
I don’t quite see this one like that yet. It’s growing a bit and potential. This guy obviously thinks a lot of the business and whilst discounted it wasn’t huge. They need funds better a raising like this than a loan for shares from the brokers and investment houses that then make huge sums. So far he hasn’t made a penny, if they push us out at 15p or 20p the wait would have been worth while
Every trace of the business will go, it’s who does admin sell the business to? It’s usually the closest ones who offer to keep jobs going ie going concern. In this case it probably is with some debt gone. So I suspect close aids of the bod will buy it for not a lot, bod loose all their shares like us however the new business moves on
the profit is now jumping and as we suspect results are going in a very good direction. they are questioning divi policy as they will always want people to sell. remember i dont think they as a group can buy above 95 or thats classed as a new offer for all. the sp to sell this morning has just gone above 95 so interesting where this now goes. everything is about comms that influence people to leave
depends on broker. some must de fault that you accept the offer and get the cash, some say you must press the button to accept offer. because you didnt press the button not to accept it must have gone through. 95p isnt the end of the world
richard S now owns around 25% of all the shares in the company, with dilution and equity raising his % owned has increased as he also bought into the business. so he certainly is well in and committed to the future