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RSM Tenon Share Discussion Threads
Showing 2201 to 2219 of 2225 messages
|Daily Mail got this wrong. Happy to have stayed out here|
|Skyracer 25 Mar'10 - 14:33 - 20 of 968 0 0 edit
What a shabby company this is. Yet more options excercised at 10p. They really know how to look after themselves. Well, if you invest in this you only have yourself to blame. You will be disappointed, always jam tomorrow. Quite frankly there are many far better opportunities out there, with share prices rising strongly. Tenon exciting accountants? You must be joking, only for the self-serving Directors.
All PI's take hits from time to time, no one is exempt, but the evidence against Tenon was particularly loud even three years ago.|
|hi praipus, lost wood after this debacle?|
|Always going to be the most likely outcome. It's not obvious from the public information why the path outlined in 962 can't be followed, but there is probably a lot of yet to be disclosed (and now never will be) information on client losses and ongoing revenues which would mean that it was just unsustainable with the level of debt.
So much of their revenue came from public sector sources, and they have box-ticking risk assessment processes which preclude them from appointing distressed suppliers like this - they can only sack them contractually when it comes to review time, therefore the level of the revenue decline only becomes apparent over time. A spiral of decline.
This way, the trading business is no longer as risky, there will not be as many client departures and they are more likely to trade their way out of it (with the consequent benefits and future profits going to Baker Tilly...)
It's unfair, it's a farce, but that's administration and the professional services for you, and it was ever thus - many words and volte faces, the benefits go the partners of the accountancy firms, to the senior staff, and the business owners get shafted (having been led a series of half-truths and lies over the years).
Glad I stayed well clear.|
|lol hadnt seen that cest la vie|
|Millaree - its all over for shareholders.|
the shuffle man
|Shareholders treated as cannon fodder again
In talks with Baker Tilly regarding an offer significantly below the current share price.
4 weeks later -
Entering administration allows the sale to Baker Tilly to complete with nil value for shareholders. The Directors are pleased to say that its own employees are unaffected.|
bam bam rubble
|From the ft link
"The company can service its debt and is a turnaround situation without a complex merger with Baker Tilly."
If this is true then why don't Lloyds - management - and outside parties just leave the company to prove the above statement is true and start back on the right track by proving they can make some (albeit minimal to begin with) progress into the debt.
It can't be in many/any shareholders interests to take any offer anywhere near the current shareprice - any shareholders interested in bailing can just sell at the current price now.
It really shouldn't be that hard to run this company with £5 mill profit on top of interest payments - pay 5 million a year off the debt for 5 years - add a bit of organic growth and bobs your uncle - unfortunately i have nil confidence that this will have anything but a back stabbing end for shareholders - sigh.|
|Too much leverage has again brought misery to shareholders.
Note again to one self dont invest in a highly geared company :-(|
the shuffle man
|This from 2 days ago
Cant see Lloyds willing to write off 1/2 their debt without taking nearly all the equity.
Still dont think there will be anything left for us share holders|
the shuffle man
|yep, it was all about getting in to see the customer base imho...
it's clear the cost base is way too big for the lower level of fee income, pre-pack the only way forward??|
|Baker Tilly do not intend to make an offer for RSM Tenon.
Now there's a surprise.|
|Glad I stayed clear here. Daily mail tipster got this wrong|
|Praipus mate, holding TNO may render you infertile
btw wasnt this the mail on sundays share of the year.....?|
|So if these aren't in your portfolio what is? :)|
|Just noticed that Guy Thomas author of "Free Capital" collected a few of these recently (7th August). For anyone interested I also track/trade & follow his and other systematic value investors holdings on the WAM thread.
Guy Thomas RNS
|I will celebrate tonight !|
|Just noticed that Guy Thomas author of "Free Capital" collected a few of these recently. For anyone interested I also track/trade & follow his and other systematic value investors holdings on the WAM thread.
Guy Thomas RNS
|Seems like a few buys on ISDX. Sells on LSE!|