Member Info for win4call

Jed - read the RNS. The placing is not for MET1 but they are taking part in it .

Along with the deadline for PUSU being extended, I understood that certain banking covenants had been extended to the 30th June as well. Will we get another RNS later today or in the morning to provide an update on the status with these ?

There's always the option of other PE coming in for this. Sidara are in the driving seat but that doesn't stop others such as Apollo coming back in. They've missed out on a couple of others recently so could look to come back in here and compete with Sidara.

GLA has just taken on the role as Chairman of the Biriths Horseracing Authority, to add to his role here as well as being Chair of Balfour Beatty and the Invictus Games.

Given he's 68 I could see him looking to shed one of these roles shortly. This is probably the one that gives him enough grief and aggravation, and having done a 3 year stint he may look to step down 'to focus on other interests'.

His appointment was meant to be a big positive - a city 'big hitter' brought in to tackle the governance mess at the time. I don't think it's particularly been that successful and there are still a lot of suspicions that this is the Mouldy show with no real BOD control. On that basis, I don't think GLA stepping down would be seen as a significant loss in the same way it sometimes is when a respected Chairman departs.

Maybe it's time fo a shake up but we really need evidence that Mouldy isn't pulling all the strings. PI don't trust him and neither do the institutions or the markets - however much the SP has risen.

As already noted, an FCA investigation will take months, if not years. Looking at previous sanctions and fines most significant ones are imposed on the large banks and financial organisations. I don’t see this being a major blocker but will be seen as an uncertainty to be factored in to negotiations.

My personal opinion is that Sidara won’t be walking away this time. They’ve invested too much time and effort this time and previously to just throw in the towel. It’ll come down to the offer and whether large investors are onside and then we’ll see if it brings any other prospective buyers out of the woodwork.

We’ll know more on Monday and hoping it’s not just another extension.

20% voted against Chairman with a large %age withheld. Got to be seen as a slap in the face.

Surprised there's no posts from the AGM yet.

I have a sneaking suspicion that we may see the departure of GLA announced- or is that wishful thinking ?

He’s not getting any younger and has done 3 years now. Could end up being the sacrificial fall guy to try to appease disgruntled shareholders. May be totally wrong but it would be something Mouldy would do to divert flak at him.

I think voting on the resolutions closed on Friday.

They're probably struggling to find questions which aren't critical of the board / SP / Mouldy. We know how much he wants to censor out any dissent.

OSG - careful what you wish for !

The concern is that if change does happen it will be detrimental again to shareholders and to the benefit of Mouldy and the cronies who support him. It’s clear there is no future for this as a listed company, value will never be reflected as long as Matt treats this as his business and continues to face off against the city. The interests of shareholders are no longer of interest to him and I think we’ll see the next stage of his plans to grasp back full control after the AGM is out of the way,

I think we’ll see an announcement at the AGM around board changes as a result of the voting, probably seeing the Chariman step down now that he’s done a decent enough stint of 3 years, albeit being totally inept at holding Mouldy in check.

Take a look at SWC, just to reiterate how mad the markets can be in valuations. They were a very small web design company who only came to the markets in April with the aim to get in on the bitcoin treasury bandwagon. IPO'd at roughly 3p and have done a number of raises in the weeks since to allow them to buy £13 million pounds worth of bitcoin. Yet the SP hit £1.78 today and they were valued more than THG ! So £330 million valuation on the basis of having £13 million worth of bitcoin. Massive bubble sure, but some people will have done seriously well out of a 4p to £1.78 rise in just a matter of weeks.

Just another attempt to put some shine on the SP before the AGM, just like the comedy bids from Selkirk and Candy.

Suspect the discussions around an equity raise are primarily as a fallback in case offers to fully acquire the business fall through. I think Ashley is in the prime seat, should he want to buy it. He won’t over pay though, especially for a distressed business.

You can trade these on Interactive Investor - always been pretty good but there could be cheaper if you only have this stock or a small portfolio.

Hard to think of a more toxic stock than this. Uninvestable and all value destroyed by Mouldy over the last few years. Now Ashley picking over the carcass making it worse. Can’t see a way back from this - the gruesome twosome will take it private on the cheap as a final F you to shareholders and the market.

A shame it's caramel and chocolate. I'd have suggested "Ingenuity" because you can get it for peanuts !

M333 - I'm tempted to do the same. Bought in Nov at 56p and watched it rise to mid 70's earlier in the year only to fall back in to loss territory during Trumps tariff meltdown. Having got back to this level I don't want to see it go through the same falls but genuinely feel it is in to recovery mode and could see £1 later in the year.

Job done - back down we go. No manipulation though.