Aeorema Communications Share Discussion Threads

[wskill] 18/9/2017 10:12:11

Is this RNS today mean we have another substantial holder or has he been building up his holdings with the recent sell from the outgoing management

[ramas] 13/9/2017 20:06:10

Back on the radar as a potential growth stock , nearterm however I'll be watching for the price to settle ,buy 18 sell for 22p there will be some arbitrage in play ... CT may well get his 20p shares

[tiswas] 13/9/2017 19:03:26

That was an extremely bullish second rns. I have high hopes for this one.

I guess they will want to hold on to cash for expansion plans so maybe 1p div this time?

[lady liz] 13/9/2017 17:27:23

Where is CT? Seems he was right to wait for 20p,bit concerning that they sold at the 18p.

[glasshalfull] 13/9/2017 16:34:06

Tiswas- Sorry my bad. Believe it was internal investment in Cheerful Twentyfirst.

Yes, I was merely remarking that underlying PBT in the £400k-£450k ballpark once payoffs & one-off expenditure washed through the business.

Kind regards
GHF

[tiswas] 13/9/2017 14:50:27

Hi GHF

What systems are you referring to? I cannot imagine much volume goes through any of the accounting functions.

I guess the new board guys will get an increase and they may have to pay off the contracts of the departees?

I still think it is good value though, amazed that they accepted 18p when cash is circa 12p per share and the placing was done at the drop of a hat.

[glasshalfull] 13/9/2017 14:37:02

Positive t/s to accompany the sale of entire 38% holding of departing CEO & Dep Chairman.



Cash also exceeding £1.2m versus £2.2m market cap.

So while PBT is expected to exceed £200k for 2016/17, the outgoing Peter Litten & Gary Fitzpatrick received salary & pension contributions totalling £150k last year.

I believe the company has also undertaken some capital expenditure this year, a one-off.

All considered underlying PBT may be closer to c.£400-£450k for a business with a current Enterprise Value of £1m.

New management also aligned to shareholders with 30% stake in the business.

Kind regards,
GHF

[boffster] 13/9/2017 13:28:41

Certainly a 'double-edged sword' kind of announcement. While recent trading would appear to be encouraging, one has to ask why two directors & major shareholders should sell their holding at a 'fire sale' price.

[tiswas] 13/9/2017 12:36:59

Boffster

I share your frustration.

The funny thing is I sent the following email to Gary only this morning.

Good morning Gary

Trust this finds you well.

I have mentioned before that the company is extremely frustrating with regard to the long periods of "radio silence" where us poor shareholders do not have a clue as to how trading is going.

Yet despite the rather negative last trading update you are tweeting more positive news via Twitter.

Cheerful Twentyfirst‏@Cheerful21stSep 9

A frantic week of pitching and it's finished with news that we've won the first one! 👍" title="Thumbs up sign" aria-label="Emoji: Thumbs up sign"> #pitch #win #goteam #newclient #eventprofs

Is this news then not material in that it does not require an RNS to inform all shareholders? Can we perhaps expect an RNS that activity is picking up?

I did not mean him to take such offence that he resigned!

[boffster] 13/9/2017 12:28:49

As a 'chronic' shareholder in the company who is known to the board, I can say that this announcement is as much a shock to me as anyone. Disappointed at not being invited to participate at 18p..

[glasshalfull] 13/9/2017 12:15:00

PJ1 - You have mail.

Kind regards,
GHF

[tiswas] 13/9/2017 12:02:31

Like that?

My useless effing dealer missed the boat at 22p whilst I was holding on the phone!

[pj 1] 13/9/2017 11:44:00

Might be worth waiting to see if this news unsettles any current Holders. Then again it could have the opposite effect. Best not to rush in imo, wait for a more positive chart

[tiswas] 13/9/2017 11:40:46

I wish I had the chance to take some at 18p. I think this is going to be a good catalyst for growth.

[pj 1] 13/9/2017 11:33:28

I suppose a Risk is they set up again, poach customers?

[pj 1] 13/9/2017 11:32:35

That 'supportive' bit is a LOB, imo, corporate speak for 'cheerio and good riddance'

[tiswas] 13/9/2017 11:24:57

I would agree with that.

So, why have Peter and Gary sold their shares rather than be supportive shareholders. And at a recent low and at a big discount? Sounds like a major bust up.

More importantly, who has taken them and where do we go from here?

[pj 1] 13/9/2017 11:20:49

Maybe. But they also had no growth aspirations.

[tiswas] 13/9/2017 11:18:23

PJ1

Have you seen what the directors paid themselves? Certainly not much without the dividends.

[pj 1] 13/9/2017 11:16:25

Interesting

Could be the end of the ''lifestyle'' side to the Business

Maybe Rupert wasn't pleased?

[tiswas] 13/9/2017 11:11:54

WTF!




3426500 just gone through at 18.00!

Make of it what you will!

[tiswas] 22/8/2017 13:46:19

A bit of life in the old dog yet!

Anyone know Jonathan Hicking or whether he hangs out here? Still think directors should do the decent thing and put us out of our misery with MBO.

[ramas] 17/8/2017 19:15:38

For slumbering replace with profitable, nevertheless this has turned into an average investment instead of the blockbuster I was hoping for, but hey you never know where the winners come from , some disappointment here but success from others like Ithaca optimal and Angus. I think AEO need to continue experimenting and suspect they have missed a turn from the viral opportunities .