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Cool. Good to know thanks.
Are we still getting another RNS update next week on Tuesday or did they just post it earlier?
I don't think anyone will disagree that any kind of news is better than sitting in the dark for months not knowing anything. Hopefully, they can share some more information on if their plan has changed going forward or even still on track.
Thought I'd check on this board after a while and surprised to see the news regarding an update. Not sure what to expect but here is me hoping for something concrete news with it.
100% agree with that @CTC1. Massive SP moves in either direction on basically nothing is horrible for most investors as it leads to irrational reactions. I'm more than happy with a gradual SP rise overtime.
well, @x77rob did call the 2019 results in the beginning of July (although off by 5 days). So will see if we get anything. Just don't be bagging on it.
Are people mixing up STOBART GROUP LTD and this one? STOB SP still taking a beating and maybe having an effect on this SP. I could be wrong but just wondering.
I'll hold my breath for if the results are announced tomorrow. I'd be surprised by anything other than bad news considering its the 2019 results and we all know what happened last year.
I agree 100% with the last bit regarding the money injection. It's not pocket change by any stretch.
I'm not saying it's 100% a negative thing. If anything it shows they see the company been around for a long time to come. I'd just be a little concerned if more debt was been used to pay for it. Considering the company is sat on £200M + already. The good thing is in 3+ years it'll pay for itself by not having to pay £3m+ a year to use the brand name.
Just because you spend £10M on the naming rights doesn't mean the company is struggling or not. My question would be what did they use to pay for it. Hopefully not more debt as the company has enough already.
Don't get me wrong that it'll pay for itself in the long term with the savings from instead of pay for the name lease. But that'll take 3+ years to come good.
@truth
Well, it depends on what the debt conditions are. When does it have to be repaid? How much is the interest? Can they borrow more debt at a lower interest to pay off the higher interest debt? A 5% interest on £200M is 833K per month (on the interest alone).
It's a waiting game right now until something is announced. I'm more than happy to let Dbay and whoever they got to sort this all out. It's in their own interest to turn this entire business around.
@x77rob
Doesn't matter how much revenue a business makes if it doesn't turn a profit. A company with a revenue of say £100M and makes £50M in profit is a far better and stable company than one that makes £1B in revenue but only makes £5M profit. That's why it's so important for a business to keep it's total operating costs as low as possible.
Still, any kind of good news from the mothership will have a positive impact on the SP. Unfortunately, there are always people who are looking for instant positive returns and have no patients.
If Dbay can sort out the motherships debt and turn it into a stable profit-making business while paying the off £200M+ debt. Without taking on far too much risk and splashing out on £24M in dividends payments like in 2018. When the trading business only made £16M profit after tax that year. So my guess is adding £8M onto the debt pile. Not to mention the spending spree they went on with making company accusations amongst other things compounding more to the debt levels. Tried growing far too fast and got the rug pulled from under them with the accounting blunder last year. Revealing some massive question marks about the underlying health of the entire company.
Quiet obvious. Waiting on some actual official news. Until then this it seems to be range-bound. Although it is very slowly drifting upwards in SP.
No surprise with the buy to sell ratio today.
Looks like they are consolidating control across the entire group. Which should be a good thing for the underlying business. Role on some big news hopefully not too long away.
Well, it would be quiet silly for the board not to take advantage of it. If they have been given that option. Nothing more dangerous for any business than large debts with massive interests attached to them. I'll take what you said with a pinch of salt but still interesting none the less.
@ iknowverylittle
A 30% SP gain in 2 days isn't a pump? They don't have to be 100%+ gains to be a pump and dump. Anything more than 10% is an amazing gain. Even more so when you start talking about large money sums. £1000 only gets you £100 while £5000 will net you £500.
I'm just sitting back patiently waiting and leaving my feelings at the door. Don't fancy selling on a knee jerk reaction and getting burnt or missing out.
Looks like a pump and dump. On top of some people getting out on breaking even or profit taking. See what happens rest of this afternoon.
I wouldn't get too carried away yet. I'm happy that my holdings have gone positive but expecting a pull back tomoz as can't really see why it's up 15% on nothing. Unless someone knows something I don't.
Have to see on Monday. I don't think they will post anything till the next business day through an RNS regarding the information from the AGM.