Anything but a happy holder. When the RAC deal was announced it was "terrific news", now it is canceled it is "terrific news". I am not quite sure what Panglossian world we all live in when we praise the company for announcing a transformative contract, only to have to pull out months later. The Board have now to stand up t the plate, show commitment through significant share buying, and blooming well deliver. I know I am not the only one on here who is nursing a painful loss- the RAC on/off contract, the on/off listing- the Board need to get their act together.
Redleaf will need to earn their corn to try and ensure the press gives this a reasonable spin. Very easy for the knockers to knock. While the short term cash is welcome, in the long term the RAC contract was something that underscored Q's credibility.
The Bulls will take the positives from the statement; the Bears will take the negatives. Expect a bumpy day (now that's a change)
There are some very sensible posts here this morning. Don't blame the press or the shorters for the dismal share price performance; blame the company. There has been a near total lack of consistency, clarity and competence shown by the company. The permanent moving of the goal posts and priorities (ala the RAC contract), the lack of clarity and transparency on real cash, and the utter incompetence on the listing process and their communications style. The stock will never recover unless the Board grow-up, wise-up and stop treating shareholders as mugs (written as a mug!).
Yesterday's statement was yet another missed opportunity by the company to answer the legitimate concerns that are raised by the likes of Questor, Exane and others. The downplaying of the RAC contract to "not an area of focus", the vagueness around the real underlying cash flow (that is, after tax, property spend, not before it) only heightens concerns. Like many on the Board I am very significantly down on my investment. I do think it is time for someone to say to RT to stop acting like Malky Mackay - accept there are fundamental legitimate concerns, and address those concerns in a straightforward , no BS manner. Otherwise this stock will forever be a disappointment. If RT cannot, or will not do that, then the non-execs should act.
Tomorrow- Not sure I want surprises tomorrow. Just cear, verified evidence that the business is robust and generating cash. If the statement passes the whole Board (including the new NED) and the review by the Nomad and KPMG, then I will be happy with "things are pretty well as we said".
KPMG will NOT sign off the interim accounts BUT THEY WILL have undertaken a proper review (they know they are in the firing line). Equally the new NED- David Currie will want to make sure the statement is "squeaky clean". These could be the first set f numbers, and the first statement that has third-party credibility. I wouldn't be surprised if the tone is a bit more conservative- but almost any reassurance will see the price moving to a new level.
I hope all the trolls who succeeded in persuading others to sell their shares at all time lows through their deliberately deceitful and ill-informed scaremongering will have the good grace to apologise
QPP1000- agree, if the price crosses 215 pence then we could see a major spike- but this will be driven by short-covering. Going forward price will be driven by fundamentals, and what we hope is a "grown-up" statement tomorrow.
Expect the Trolls to be out in force today, and to be as negative as possible n the statement tomorrow. There will also be those that have genuine concerns and criticisms tomorrow. Best thing is just to ignore the trolls entirely (no gentle mocking, no "giving them oxygen")- just treat them with disdain. Those with genuine concerns should be free to post their thoughts without being swept up in the same category as the trolls who are doing the work for the shorters.