Bewildering Agreed, they have taken a perfectly good service with many informed and engaged users and made it worthless. Just checked in to see if there were any useful posts about the possible offer and the fact the deadline has been extended for another 14 days. However as pretty much everyone has abandoned ii there is nothing of use. Great shame
Bewildering Stumbled on a RNS on Digital look about an offer. No RNS’s on here. What a joke this has become
Re: Bewildering They just need to get the right people on the BOD and this will fly.Personally I think it a big mistake to go it alone in the US. unless this is a temporary measure until a suitable distributor is found. Americans do not care to deal with foreign companies in their own back yard and I doubt the VW debacle has helped this sentiment.Obviously the one they had lined up fell through for whatever reason.
Bewildering I have held shares 4 longer than I care to remember. But they have only gone down.Since 2007 Directors have been buying & not 1 sale has been made even on 18/1/2018 they bought 400k & today RBC have rec. outperform target 43p & Peel Hunt target 42pbut they are still down again today.
CEO is a Joke The CEO is a serial underachiever. Some look at his holding as a positive but he has been drawing a handsome salary and bonus out of this for years. Meanwhile operationally they get everything wrong, after using the cash pile to generate no earnings he is now borrowing. The shares may have halved recently but where is the value in this poorly run company. Taking on more cost and going it alone is another mistake.
Oh dear....I've bought some..... Well I've bought some. I assume that EW Healthcare Partners saw some value and agree the amended strategy. The debt may have a high interest rate but it is cheap if saving the company from a right's issue......I've bought some to make me follow the story from now on in....thanks to other BB users for their comments.
Re: What am I missing?? All good points, i'd add that previously the sp was probably boosted by potential takeover. I recall that one of the big cosmetics was reportedly interested (I don't think it was L'Oreal, but it was someone similar) but they went elsewhere...Likewise sitting on a paper loss, however willing to sit tight rather than crystallise it.JO
Re: What am I missing?? Good question.For what its worth I thought the move to pure play asthetics was a good one, a growth market if ever there was one in a selfie obsessed world. However, the path has not been smooth and there seems at east one step back for every two forward.There are many positives in terms of sales growth but several issues.Thermi distribution and cost of exiting it is a large blot on the landscape.Its clear they want to discontinue Sculptra but are stuck with a long term distribution deal with Galderma.Refine delayed for a year due to smoke damage at US facility.New loan facility looks both expensive and onerous with an interest rate of Euribor +9% and covenants regarding revenue and cash holdings. Clearly the lender thinks there is significant risk..Share price has halved in the past year and personally sitting on a substantial paper loss but this is not a core holding and content to have this tucked in the bottom drawer with the hope it might come good one day.Cheers,Chozza
What am I missing?? Are these results worse than the market was anticipating or is it the go it alone approach in the US which has caused concern? I do not really follow SPH but it appears they've fallen a long way and yet are making positive progress? Any education those with knowledge can provide would be most useful
agree not alot we can do..........fingers crossed,madoff j
Re: going private-perhaps...? Not sure what is going on, but from yesterday's performance it looks like the secret is out. And we PIs will have to wait until Monday to find out what that secret is.My money is on a rights issue. They have probably burned through whatever money they had and still have a lot to spend to get everything up and running. I hope I'm wrong but let's see what Monday brings...
going private-perhaps...? is someone forcing the price down to go private....or is it rights issue...?Madoff j
Re: ummmm This has been tanking for a while now and still doesn't seem to have found the bottom. I followed the Spooners' lead and topped up at 22p recently, but something has got the market spooked.Is there a rights issue on the cards for Monday?
Re: ummmm The Dirs have been buying large from yrs. back. I + many yrs. ago must be on a loss thesp. seems to go up 2p then down 3p! still just hanging on .
ummmm director buy's and sp goes down...?is this going private...?madoff j