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[clocktower] 27/7/2022 08:51

How much longer before it de-lists? The cost of listing must be a big strain on the company now there are few prospects to grow as they missed the targets.

[mr macgregor] 20/6/2022 10:22

Funny how often the Chinese shareholders get blamed. Mawer had years to do something with this company and failed abysmally. His big idea was an acquisition to hide poor performance. Wow. It's only the likes of assaguy and his mate, tax avoiding Charles, who suck up to Mawer and time has shown their sycophantic posts are not worth reading.

[clocktower] 07/6/2022 13:14

Unless the directors could show they had been of value to shareholders, who on earth is going to employ them, except as puppets if a very wealthy large shareholder wants a tool to carry out their work for a decent salary that they would be unable to obtain with the sort of CV this bunch can offer up imo.

No news of large orders, nothing positive to say it seems from the sales team who were appointed to drive this forward, not put it in reverse.

The only hope is that a larger partner sees value and takes it over and cuts the dead wood.

[pru dent] 03/6/2022 15:00

walt...no you are not wrong and dont let anyone tell you otherwise. As Shareholders The only beacon of light we had was that Bill Mawer had skin in the game. We are now left with a lame duck Board ( having just looked at their shareholdings) who probably see no value in shareholders other than to make a contribution when they need to pay their salaries. The news flow is quite abysmal. I cant imagine what their excuses will be the next time they have to put out a trading statement of abject failure. The main problem is even tiny sales, knock the share price. So as shareholders. We are just stuck watching our investment dwindle away to nothing.
Golden lesson for future. If you don't have the confidence to back the company you're in, don't accept a directorship.

[walt_29] 01/6/2022 15:55

Fully understand that they may not be wealthy, but current holding represents around only £5k each in value.

If their only motivation is salary (currently circa £100k + benefits for Deery according to last annual report) - then what is to stop them looking for higher paid jobs elsewhere? Who could blame them?

Surely from the shareholder perspective we want their motivation to be their belief in the success of the company. One way of showing that belief would have been to see even a small trickle of buys over the last decade. Even at £500 a year this trickle investment would have doubled Deery’s current commitment.

I said my view may be controversial, and indeed it seems to be just that with you Monty68. I can only speak from my own experience – having directors who share a stake in the company drives the success of that company, but I bow to other experiences if you feel I am oversimplifying things.

[monty68] 01/6/2022 14:51

I am not aware that our new CEO and other executive board members aree indepentently wealthy. I suspect not.
If you are reliant on your salary it may be difficult to put huge amounts into shares!!!!
Unless, of course, the company pays huge salries, which I dont think they do

[walt_29] 01/6/2022 14:23

Probably a controversial view, but Bill always struck me as knowledgeable and experienced in the market sector – sad to see him go. He also put his money where his mouth was with over 5.5million shares to his name – that also shows some commitment to the company.

Current executive board have around 658,077 shares in total between them, of which 500,000 were gained in exercising share options (buy ‘em or lose ‘em). Can you really say the current executive board have bought into the company and its future, or are they just there for the salaries?

Probably me just being cynical, but I like to see the top executive team having reasonable amounts of skin in the game.

[monty68] 31/5/2022 17:41

THank you, same to you

[clocktower] 31/5/2022 17:30

LOL - have a great holiday monty68

[monty68] 31/5/2022 17:15

The sun out (Most of the time) its Platium Jubilee week end, we are both still alive, what more do you want. No dont reply to that.

[clocktower] 31/5/2022 16:36

Find me some positives then, other than he has gone. :-)

[monty68] 31/5/2022 16:25

Clocktower, Man,stop making with the negative waves!!

[peterblok] 26/5/2022 11:03

Thank you Chaps - and thank you Bill. Good luck Vincent et al.

[knownowt] 26/5/2022 07:57

To have been blocked by his biggest shareholder, when he thought that he had his agreement, in a transformatory deal must have been a very bitter pill to swallow. The last 2.5 years of 'lockdowns' and other universal governmental mismanagement will have done nothing to sweeten it.
I think that he has done a good job in extraordinarily trying circumstances and echo Monty's best wishes for his retirement.

[trident5] 25/5/2022 19:56

Did they tell us that Deery was appointed as interim CEO?

Edit: yes they did, with the final results.

[monty68] 25/5/2022 18:34

Bill has been much maligned for no good reason, and has done a good job under difficult circumstances. Hope he enjoys his retirment

[peterblok] 25/5/2022 17:35

Surprised this hasn't produced more comment from those in the know. . . .

I had thought that Bill Mawer was going to be our saviour when he joined us all those years ago - but sadly not !!

Any thoughts Chaps (?

[clocktower] 25/5/2022 11:29

Bill Mawer leaving is not before time, in view of his past and recent record - leaving at a low point and I am surprised the major stockholder had not forced this before.

[buywell3] 29/4/2022 21:18

Wait and see eh

Some have decided that waiting is a mugs game

[monty68] 27/4/2022 13:06

If , once you have done the R&D and launched the product, you invest in marketing and sales, it shouldbear fruit over the meduim to long term.
If you dont folow up the R&D spend and tell the world, it is certain that sales will be slow.
Lets wait and see.

[clocktower] 27/4/2022 12:37

monty68 - bear in mind they are not forecasting any big increase in sales, so I don't think your argument stands up, as the new sales staff run up the costs over the past six months, let along the next six months without the BOD having any conviction that there will be an increase in sales that would justify the extra costs associated with their employment, it would seem.

I guess they took them on thinking it would fix some of the problems they have had, and rather than do so, it might have increased the problem.

When in a hole stop digging.

[monty68] 27/4/2022 12:31

Clocktower-We are not selling books at the door. You dont employ salesman one day and expect orders the next. it takes time in the capital equipment business. Investment in sales!!

[clocktower] 27/4/2022 11:59

Surprising that the share price has held up as well in view of the big drop in cash and the very poor order book and gloomy outlook.