how did they not even have the decency to issue a statement when it fell 40%? |
Death spiral to zero, should have folded ages ago, it’s got zero credibility and pretty much zero value..another one for the 🗑️ |
Farrugia, you are correct, 8/10 AIM plays will go bust, so you better have one or two making up for the losses but seriously AIM stocks just attract gamblers, “look it’s cheap, it must be a bargain here” 🤦🏻‍♀️🤷🏿‍♀️ These gamblers can’t even carry out simple due diligence on the management or even read a balance sheet ffs 🤡 |
tell that to shareholders who got in at 168p or above in 2022! seems much easier to de-multiply your money than multiply it these days! 10,000 pounds invested would be worth 298 today!!! |
Well a month ago they said they were in negotiations with their bankers to extend their credit facility, which would take a month, and if unsuccessful an equity raise would be considered.
So given todays unexplained crash, then I think it looks obvious that the former has failed and the latter is on the cards, probably at 5p. |
one of the shadiest companies - down almost 43% today
no wonder people don't trust AIM companies |
what recovery? They didn't even have the decency to release earnings pre-market - they think they can drop the trading update mid-day on Friday when no one is watching. |
Another one to watch for the recovery. Currently no interest and just off all time lows. |
200k sold after 4pm knocked 30% off the share price.
I hold no position in CMO |
CMO Group PLC, the UK’s largest online only retailer of building materials and products, has expanded its offering with the launch of Landscaping Superstore. The new superstore provides trade and DIY customers with quick and convenient access to over 6000 different products for all aspects of garden design and maintenance. |
didn't realise Ken Ford (of SDI) was chairman here- anyhow he's just bought 80k shares |
That was a large buy today which seems to have shifted the overhang |
Shares look too cheap but volume of trades is so small at present and discourages interest. Hoping for a positive statement at the agm |
Markets are nuts |
Markets are nuts |
Results tomorrow and at almost all time low |
Decent res7lts nothing amazing but definitely deserves to be in a better place than all time low,that’s the market for you though,will keep on watchlist |
 I've no position here and I have to say this looks like toast. Started looking at it as it came up on a cheap screen. I own Victorian Plumbing.
CMO does not have the scale to compete with large companies and it appears to be building up inventories despite trumpeting a negative working capital model. Net cash (own own cash after paying out creditors) is declining. Curious why this has not been bought by Victorian Plumbing or more likely VIC can so outspend CMO on SEO that it doesn't need the headache of integrating an acquisition. That said, VIC does need to expand outside the plumbing vertical at some point as it is so dominant and if it wants to grow. And this could be a cheap entry point. Just a thought.
Plumbing Superstore (and clickbasin) does not even appear on VIC's list of competitors. VIC also spends over 20% of its revenues on SEO, whereas CMO is talking about 5%.
VIC trades more cheaply than CMO on an EV/EBITDA basis (4.25 times) and has plenty of net cash and will emerge from a recession, whereas difficult to see CMO making it.
I'm not here deramping or have a bear position. |
Those results were not as bad as the share price would have you believe. |
clearly a seller around -
Online limits from 25k max to 50k at 37.85p - |
First time today they've cut limits online a bit -
25k to 15k at 37.98p - |
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