RSM Tenon Share Discussion Threads

[imastu pidgitaswell] 20/9/2012 15:58

Quite an old piece (a month or so), but in the ICAEW trade rag, so a bit more restrained than the tabloid likes of Accountancy Age. It's a wild old time in chartered accountancy land...

[snatander] 18/9/2012 14:44

getting closer to quarter day when rents and bank manager need sorting

[still waiting] 07/9/2012 13:38

possibly not judging by share price action..

[snatander] 19/8/2012 08:06

are they going to be ok to pay the rents due on 29 Sept and wages?

[nigelpm] 28/6/2012 10:21

Lloyds will definitely keep them afloat - pointless pulling the plug - they'll lose the lot.

[king_roster_iii] 28/6/2012 09:43

I have just filled up this years ISA with these. I suspect that if there is the slightest chance that TNO is a going concern Lloyds will be happy to keep them afloat.

Might need some restructuring but the new CEO seems to be doing and saying the right things.

[nigelpm] 28/6/2012 00:35

All depends on whether they can turn it around. If they do 5p will look very silly.

[imastu pidgitaswell] 27/6/2012 21:25

Interesting - planning a comeback, and more management turmoil as he ousts the new management?

More likely he's flogging a dead horse, throwing good money after bad and just won't accept he messed up badly.

As ever, time will tell...

[the shuffle man] 27/6/2012 17:26

Barmy Bob bought some more. Is that a good or bad sign !

Oh and the new CFO has just purchased an initial 1/2m shares.

[imastu pidgitaswell] 15/6/2012 15:26

Some volume in recent days - the RNS today re standard listing vs premium listing shouldn't impact shareholders, so possibly unrelated to volumes over recent days.

No real news, unless they're forced to, before October. Still staying well away.

CEO has given an interview - seems to be experienced in the art of saying nothing with plenty of words:

[jonc] 13/6/2012 07:33

The audit watchdog said firms were cutting corners to compensate for lower fees, which was putting audit quality in severe jeopardy.
"We are not happy with some of the things audit firms are doing to cut their expenses as it has resulted in businesses being given less attention and a reduction in the quality of audits," said Paul George, head of auditing at the FRC.
"We are putting a warning shot out there so firms don't lose sight of the minimum work that is needed.
"While we understand there are commercial pressures in the current economic environment, we have a public interest responsibility to ensure that commercial pressure is not getting out of hand."

[druinsky] 11/6/2012 17:15

No they will know a bad one though

=;@)

[still waiting] 11/6/2012 16:11

will they know a good administrator though??

[weelshgit] 11/6/2012 16:02

Best let it hit the rocks and buy debt free from administrators

[still waiting] 11/6/2012 15:59

chairman guarantee holding to lloyds of london...

hope they accept luncheon vouchers as well.

[weelshgit] 11/6/2012 15:57

Wonder how much the banks will want for arranging anything? A pound of flesh, someones knackers, £8m or warrants over 20% of the stock?

[still waiting] 11/6/2012 15:42

looks like we're about to get some news judging by the volume increase.

d4e I reckon, they'll not be able to afford the interest charges on the lower fee base otherwise imho...

[druinsky] 11/6/2012 10:06

prob trying to prop up the price for a placing at 2p wouldnt be surprised

[nigelpm] 11/6/2012 10:05

Token £50k purchase from the Chairman - not a lot but good to see something.

[still waiting] 06/6/2012 13:18

with fee income drying up and all accountants undercutting each other for work this looks doomed..

the TNO approach of minimum fixed fee looks sillier by the day, I suppose with such a high cost base it was needed, but much like the high street shops the days of overpaying for a product have lone gone..

[edwardt] 06/6/2012 12:55

still looks like toast to me

[druinsky] 05/6/2012 10:06

is the bank covenant test each quarter for the £88m debt and is it going to take place at the end of June?