Autins Share Discussion Threads

[wasp8] 11/4/2023 12:07

Nah - they never do one. And the half year will be right at the end of June to keep it lost in the summer news. Plus no guidance on half year so they can't be materially off to do another profit warning.

More "hoped improvements", "increased gross margin" and other nonsense incoming.

Wonder if they can produce compliant accounts this time? The full year ones were full of errors and spelling mistakes - auditors asleep at the wheel as well!

[charo] 24/3/2023 12:31

Half year update due.They must know if losses continue.

[charo] 08/2/2023 11:21

Admin costs out of control.CONSOLISATION REQUIRED. Executive costs 30% too high.If shareholders don't act soon it will be too late.

[wasp8] 02/2/2023 00:11

Wow - that's a train wreck. Chairman has been there well over a decade and the business is going backwards. Surely he has to go? And any other CEO giving those results on the back of promised improvements on the raises would have been bulleted long ago.

I'd hoped for green shoots. There is nothing in there to give you that. Even the much heralded flooring work has gone backwards!

[charo] 01/2/2023 19:22

Garbage results with a profits warning for current year wrapped in.Dustbin.

[wasp8] 21/10/2022 14:06

Just up - looks like a bit of broker sweeping in the background to clear someone up.

[charo] 19/10/2022 12:13

Where are the details of sale and purchase of this notifiable transaction????

[charo] 18/10/2022 11:38

Trade shown of 2250000 sale at 7p,why not on screen and needs announcement???

[charo] 18/10/2022 11:13

Vastly overpaid.

[wasp8] 10/10/2022 23:21

Just a mess. Amd with interest rates coming up and JLR still stuttering this doesn't look good....

[mach100] 10/10/2022 19:27

Oh dear. Calamitious update. Cash position is precarious. Must be swinging cuts on the way. Looks a busted flush.

[wasp8] 25/8/2022 13:18

Or - material and wage inflation double digit and a hungry OEM. Not sure they're strong enough to resist that and will get squeezed. And do we think JLR are a winner here?

I'm holding in hope, but buying feels a long way off for now....

[mach100] 28/6/2022 18:50

Think it is now a buying opportunity once again. Huge enquiries as evidenced today and when the market turns the after-burners will be on. Lots of bad news in the price and I intend to accumulate again for when times are rosier. Placing cash not spent at least so the risk of going bust is not hanging over the company. Buy.

[wasp8] 22/11/2021 14:13

Wow - another placing. Another £3m. Just how much cash are they burning here?

Very very tempted to cut and run I have to say.

[mach100] 25/8/2021 13:42

Afternoon Wasp. I managed to press the sell button at last today on 85% of holdings. I am worried about the chip shortage and the mothballing of production by car companies which seems to be in every paper I read. The auto side represents a substantial portion of AUTG's business as you have pointed out in the past. There could be possible breaches of covenant in September and they flagged in the last update the chip issue anyway as having already affected H2 so i can only see a deterioration. If McGrease can't provide milkshakes I am sceptical for the rest of industry. Should my doomsday scenario come to fruition I intend to buy back in though I expect it will be risky. I just don't want to be kicking myself for not acting decisively to what I see before me.

[mach100] 22/8/2021 21:30

Ian Griffiths to Step Down as A Non-Executive Director of Autins Group plc
02/16/2021 | 02:01am EDT

Autins Group plc announced that Ian Griffiths has notified the Board of his intention to step down as a Non-Executive Director of the Company at the next AGM on 12 March 2021. So they are aware.

Joshua K only chipped a few weeks ago tbf. Still sloppy!

Of more concern is the shortage of computer chips in the auto industry about which I am seeing many newspaper stories. This shortage was something Autins had hoped would unwind in the summer. Troubling.

[wasp8] 15/8/2021 23:15

And more comedy IR and attention to detail (lack of).

Ian Griffiths still on the website in "our Team" - director filing of his resignation late at Co's House.

And Josh Kimberling the "Group Sales Director" has just popped up at Unipart - still on the website and no mention by the Company....

What's going on?

[wasp8] 30/6/2021 20:55

As you say - shocking IR and news management and still a lot of fluff in there.

A profit warning in essence with a mention of having to get a covenant waiver....

And yet they gave management a huge zero cost LTIP in March? Head of Remco resigns straight after and still isn't replaced.

Not impressed and bemused by the share price bump!

[mach100] 30/6/2021 10:39

Better than I expected at first glance. The delays caused by thr chip shortage is disappointing but all else seems to be on track. The funding situation is built on debt but looks secure in the short-term. This is a good recovery play if the supplier issue gets sorted. There was a profit warning in effect today so the damage could have been worse. Worth waiting to see if any selling tomorrow but I am a buyer again. R v R looks good.

[mach100] 29/6/2021 21:27

Maybe tomorrow Wasp? Yes , probably not good news if they are holding it back. I am still invested having sold some at a profit. Their news management and investor relations are carp.

[wasp8] 14/6/2021 17:58

Looking like a 29th June Interim release again. Can't be that hard surely? Or are they holding some bad news back? No analyst forecast to miss so what??

[wasp8] 17/5/2021 14:51

Hi Mach,

Looks like this has stalled again. no news flow, nothing beyond the odd Director Talk video.

Was hoping for enough of a bounce to get shot.

Also worrying they have no new NED yet.... very very long term Chair (so not independent) and one NED.

[wasp8] 22/3/2021 12:17

To be honest Mach - I suspect the fact it quietly disappeared from the Annual Report and hasn't been mentioned since suggests it failed (or won't ever make the grade).

This is what drives me nuts about AIM - big noise (on an unregulated news line) to pump prime things and then just let drift. If it was a goer then I'd have expected some segmental reporting on the existing facemask work and then more progress updates.

Sweden and Germany are good for the story but still too small in my opinion. And JLR still worries me.

I'm very glad that other holds mean I'm way covered on the losses here... just hanging on now to see if the damage can get limited...