old_punter
09 Mar 2018
Re: Shambles Tiger,Very tempted after the big fall, egg on face of DT tipping them last Friday based I think on board buying at £3 early Feb.Any idea what "market" expected for EBITDA before the warning, they say now 20% less? Am trying to get a handle on p/e and wondering if any risk to debt covenant of 2.5 times with debt of £150m.
valeite
09 Mar 2018
Re: Shambles well i hope you're right ,Castleford .I can't trade today because my head isn't right .i'm absolutely furious at what has happened . the statement issued yesterday gives no clue as to what has really happened....I can live with mistakes ....we're human ....but this is crass incompetence that leaves a lot of people losing serious money .miss hunter and co have a lot of explaining to do and as others have suggested should be shown the door .
CASTLEFORD TIGER
09 Mar 2018
Re: Shambles Confidence will soon be restored and there is massive upside now.That's my view once those forced to sell have gone.I bought too early yesterday but knowing the business I feel it just needs managing.There will be changes but this is a big profitable company that needs tweaking.The underlying business is sound.Tiger
megaloss
09 Mar 2018
why hold? I should have known better - but guys, seriously, if this is going to take years to recover, why on earth bother to hold? That's a waste of your assets, there's other stuff out there!!I'm going to bite hard, swalllow my injured pride, admit this is a dog, and sell into any remaining strength, it'll probably rise a bit from here but not much. I would guess that the FD has been swallowing porkies told by other board members and hasn't been pulling his weight. Profit warnings come in threes (at least) and there may be other mucky accounting in there to deal with later.
penhome
08 Mar 2018
Shambles On 29th January, the RNS said that CVR "continues to trade in line with the Board's expectations for the full year"Now, this is revised to 20% below guidance due to margin weakness through Jan-Feb which is expected to remain until the end of the financial year in April. They also comment "a number of enhanced controls and disciplines have been introduced to address this"Well, it's a great pity that their finance director and staff didn't ensure that adequate controls and disciplines weren't there in the first place. This is the FD's job.In addition to inadequate controls on margins, there's a £5.2m material error in financial forecasts for 2017-18 which I assume is down to the FD as well.It's not much use pursuing cost savings if basic margin controls and forecasting are rubbish.I can't see how the CEO and FD can possibly stay. Even if they go, it is going to take an age for this to regain any confidence from investors.Pen
peddlar
08 Mar 2018
lucky escape... I sold these at 15.05 and just checked to see what the price was 20 mins later,only to see the red.This seems to be well punished for a 20% reduction in profits.will buy some tomorrow for bottom drawer.I feel that these are over sold.i tried to buy at 16.15 when you were,not able to deal,but the price has just been dropping non stop,so will waiting see.
CASTLEFORD TIGER
08 Mar 2018
Mr Moran Will have to go to restore confidence. Company now valued at what they paid for Clarke. Looks harsh but I bought too early and further falls in the short term may occur. Does it need cash? Suggestions in the trade say possibly. I think heads will roll but it will come good. Tiger
Laraghs fund
08 Mar 2018
Re: ouch In my previous message I referred to the November trading update, but half year results were published on January 29 only just over 5 weeks ago, when all was looking very positive...how things can change !
DIE HARD 1
08 Mar 2018
Re: ouch twice i went to sell this share this week and changed my mindmight as well wait and see if bouces back a bit
Laraghs fund
08 Mar 2018
Re: ouch Recommended in The Telegraph last week, Directors' recent buying spree, November trading update positive and then we get this announcement.Makes you wonder whether to touch AIM shares.....
rumrunner
08 Mar 2018
Re: ouch Yes and I topped up at 293 following the directors. Pointless selling now, will bounce back a bit tomorrow but as others have said will be a long haul back.
KEEPING CALM MIKE
08 Mar 2018
Re: ouch Read the News at 3pm, the company has just made to the City , not good reading
KEEPING CALM MIKE
08 Mar 2018
Re: Time in the stock, not timing the stock,... Well I got it well WRONG !!!! The market is very nervous of any Financial irregularity reported , and it will take some time to recover from this !!Now for me its going to be a very long hold to recovery hopefully K.C.
gwm121
08 Mar 2018
Re: ouch do you know the reason for the drop is it ovrdone..dirs just bought in a few weeks ago
CASTLEFORD TIGER
08 Mar 2018
ouch that looks harshtigerbought at 158
