Feedback Share Discussion Threads

[yump] 13/9/2023 15:24

Just in case I missed something, I watched the presentation. At least there was the £96mln market size estimate.

I got a bit bored with the way it seemed as if it was a sales presentation to buyers, not investors - the phrase 'value proposition' cropped up numerous times, which I'm not interested in, as an investor.

It reminded me a bit of the very academic presentations by the ex-CEO of Getech, which all seemed very positive, but very light on actual progress.

It also contrasted markedly with those given by SRT, which is a large holding of mine. Their webcasts have also included a pretty well defined contract pipeline. The phrasing used never included 'value proposition'. SRT has been a frustrating share to hold with obviously very complex contract negotiations with overseas governments. At least all the negotiations were known to be with governments where budget and intent to buy a system from somewhere, were already confirmed

However their MD has always mentioned how many contracts they were actively negotiating, even if they were all subject to undefinable delays and timescales.

In contrast, I have no idea whether these 'very positive' 'conversations' that TO has been having, are just vague meetings, concern specific contracts, or somewhere inbetween. There was no clue whatsoever on any timescales for anything. No mention of how many trusts have gone a bit beyond being just interested. No mention at all of whether budgets are or are not available, or will be and when.

So as far as any investors are concerned, all we know is that there have been very positive conversations.

Good grief, if I'd tried that explanation of what stage my startup businesses were at each year, my wife would have kicked me out !

[pugugly] 13/9/2023 12:52

ducatiman - But that has been the situation for years - I no longer believe Talking Heads until real proof that they are walking the walk. .

[ducatiman] 13/9/2023 12:42

But Pug, did you not watch the presentation? To’s conversations, they could on the brink of running the NHS and saving it millions.

[pugugly] 13/9/2023 10:27

Up 12% - Suckers to the slaughter (imo)

[lr2] 13/9/2023 00:30

Investor Presentation.

[yump] 12/9/2023 18:30

I can write you a BS prospectus ;-) The style would be plagiarised from the FDBK reports though.

[ducatiman] 12/9/2023 16:52

Yes Ged, the payroll is an absolute disgrace.
I’ve invented a new machine to peel bananas, a few friends and relatives have bought one, they love it. I’m going to the bank to see if they’ll lend me £1m to employ 10 people just in case I get a few more orders. I’ll let you know what they say.

[ged5] 12/9/2023 16:38

lol

It does read like a FDBK shorters thread.

Read the results RNS and listen to the presentation and you would wonder why there is so much discontent.

But then listen to last years presentation and other interviews such as the Sunday Roast and you might see that we have been led up the garden path. We were given great expectations and the company hasn't delivered on those expectations. Problems haven't been acknowledged and a realistic appraisal of the hurdles that needed to be jumped haven't been given.

Because of this some may have bought far too many and will now be realising massive losses. A little more caution was needed from the company and investors.

Treat this as a small company that has potential over a number of years not as one that will make you a fortune overnight. No it's more likely to lose you a fortune overnight.

The other problem is:-

Wages and salaries 2023 1,877,036 2022 1,267,740

and the CEO and CFO not owning shares.

To answer your question about enthusiasts. Not so sure I would go that far but I would consider adding to the shares I already own when the share price settles.

[gnnmartin] 12/9/2023 16:06

Are there any enthusiasts for Feedback here? They seem to have a decent product, though I know from other shares I have held that a decent product isn't enough to guarantee sales to the NHS.

[ydderf] 12/9/2023 15:45

Sadly for you shooting the TO messenger won't change anything. With or without a new Walter Mitty, after 5 painful years there is no evidence of product or commercial viability here. Presumably TO will recalibrate his deeply underwater options and award himself a cost of living rise and everyone here will complain but accept it

[digger2779] 12/9/2023 15:41

Wonder if he has noticed the share price diving to a smidge off an all time low over the last 5 years?

[ducatiman] 12/9/2023 14:59

Dibs, he’s not all there! A clown.

[dcgray21] 12/9/2023 14:30

SP doesn't lie

[ducatiman] 12/9/2023 13:42

He has to go dibs and a number of other non shareholding sponges who are eating into remaining reserves.

[dibs61] 12/9/2023 13:26

Yes if Oakley thinks he could claim the credit for the previous share price rise - which he absolutely DID, he must take responsibility for the subsequent even steeper share price FALL.

He 100% misled investors. Disgraceful.

Shame on you Oakley.

[ducatiman] 12/9/2023 12:16

And he said the share price rise was due to the consolidation! He’s nuts.

[dcgray21] 12/9/2023 11:38

A lot of questions about that last investor call for sure . 'Huge' upgrade expected from Royal Berks , multiple contracts and we will clearly outline those inclusive and exclusive of hosting when they start coming in . Complete disconnect from what has actually happened and ensuing radio silence very disappointing.

[ducatiman] 12/9/2023 09:36

Correct chopper. IMO, he has lied to and misled shareholders.
I honestly think he’s not right in the head.

[pugugly] 12/9/2023 09:24

Maybe it begs the question as to what value there is in the products - Not even the best executive in the world can make a silk purse from a sow's ear.

[ducatiman] 12/9/2023 08:01

Appalling!
Time for Oakley and a number of others to go.
The payroll is absolutely disgraceful.